Statistics of Price Movements of Nuveen Michigan Quality (NUM)

The price movements of Nuveen Michigan Quality (ticker NUM) are summarized in five ways:

  • Table 1. Statistics of daily price changes using the closing prices
  • Table 2. Statistics of daily price changes using the closing and opening prices
  • Table 3 – 7. Statistics of daily price changes when NUM opened with an increase of 1%, 2%, 3%, 4%, or more than 5%
  • Table 8 – 10. Statistics of stock price changes in the 20 days after NUM had a big price move
  • Table 11. Statistics of daily price changes in the 20 days after NUM moved 5% with twice the 30-day average volume

The statistics are calculated using NUM's price data across 1,549 trading days from 2015 to 2020.

Table 1. Statistics of NUM one-day price changes

In this table, the one-day price change is calculated using the closing price and the previous day's closing price.

In the past 1,549 trading days, 46.8% of the time (725 days), NUM closed above the previous day's closing price. 41.3% of the time (639 days), it closed below the previous day's closing price. 11.9% of the time (184 days), it did not change.

Also see: VIX price movement study.

NUM Price Change (%) Number of Days % of Total Sessions
6 – 7% 2
0.13%
5 – 6% 1
0.06%
4 – 5% 2
0.13%
3 – 4% 1
0.06%
2 – 3% 4
0.26%
1 – 2% 19
1.23%
0 – 1% 696
44.96%
0% 184
11.89%
0 – -1% 606
39.15%
-1 – -2% 26
1.68%
-2 – -3% 1
0.06%
-3 – -4% 3
0.19%
-6 – -7% 1
0.06%
-8 – -9% 1
0.06%
-14 – -15% 1
0.06%

Table 2. Statistics of NUM: Closing vs. Open

In this table, instead of using the closing price of the previous day, the opening price is used to calculate the one-day price change of NUM.

46.5% of the time (721 days), NUM closed above the opening price. 40.6% of the time (629 days), it closed below the opening price. 12.8% of the time (199 days), it closed where it started.

Closing - Open (%) Number of Days % of Total Sessions
7 – 8% 1
0.06%
6 – 7% 1
0.06%
5 – 6% 1
0.06%
3 – 4% 1
0.06%
2 – 3% 2
0.13%
1 – 2% 21
1.36%
0 – 1% 694
44.80%
0% 199
12.85%
0 – -1% 598
38.61%
-1 – -2% 23
1.48%
-2 – -3% 3
0.19%
-3 – -4% 1
0.06%
-4 – -5% 1
0.06%
-5 – -6% 1
0.06%
-6 – -7% 1
0.06%
-13 – -14% 1
0.06%

Table 3. One-day performance when NUM opened 5% higher than previous close

In the past 1,549 trading days, NUM opened more than 5% higher than the previous day's closing price 0 times. Of these days, NaN% (0 days) had closing prices above the opening price, and NaN% (0 days) had closing prices below the opening price.

Closing - Open (%) Number of Days % of Total Sessions

Table 4. Closing vs. open when NUM opened 4–5% higher

On 0 days, NUM opened 4–5% higher than the previous day's closing price. Of these days, NaN% (0 days) had closing prices above the opening price, and NaN% (0 days) had closing prices below the opening price.

Closing - Open (%) Number of Days % of Total Sessions

Table 5. Closing vs. open when NUM open 3 – 4% higher

1 times NUM opened 3 – 4% higher than the previous day's closing price. Among these days, 0.0% (0 days) closed above the opening price, 100.0% (1 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
-4 – -5% 1
100.00%

Table 6. Closing vs. open when NUM open 2 – 3% higher

1 times NUM opened 2 – 3% higher than the previous day's closing price. Among these days, 100.0% (1 days) closed above the opening price, 0.0% (0 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
1 – 2% 1
100.00%

Table 7. Closing vs. open when NUM open 1 – 2% higher

10 times NUM opened 1 – 2% higher than the previous day's closing price. Among these days, 30.0% (3 days) closed above the opening price, 60.0% (6 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
3 – 4% 1
10.00%
1 – 2% 2
20.00%
0% 1
10.00%
0 – -1% 1
10.00%
-1 – -2% 5
50.00%

Table 8. Periods when NUM moved 15% or more

In this table, we track the price movements in the 20 days after NUM had a one-day price change of at least 15%.

DatePrice ChangePrice Change after 15% Move
Days after:14710131619

Table 9. Periods when NUM moved 10% or more

In this table, we track the price movements in the 20 days after NUM had a one-day price change of at least 10%.

DatePrice ChangePrice Change after 10% Move
Days after:14710131619
20200318-14.7% 6.7 9.7 23.1 19.4 19.1 24.4 24.3

Table 10. Periods when NUM moved 5% or more

In this table, we track the price movements in the 20 days after NUM had a one-day price change of at least 5%.

DatePrice ChangePrice Change after 5% Move
Days after:14710131619
202003196.7% 5.1 9.6 17.0 10.9 12.7 16.6 16.4
202003256.6% 4.2 5.8 -.2 4.5 5.5 6.1 3.6
202003205% -6.1 8.6 10.3 4.0 9.0 10.0 10.7
20200323-6% 4.1 16.9 13.4 13.0 18.1 18.0 17.9
20200312-8.1% 3.2 -14.0 -9.4 4.8 6.3 .3 5.1
20200318-14.7% 6.7 9.7 23.1 19.4 19.1 24.4 24.3

Table 10a. NUM average price changes following a 5% up day

Of the 1,549 trading days from 2015 to 2020, there were 3 days in which NUM was up more than 5%. This table shows the average price changes over the 3 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ 5% 1.1 8.0 9.0 6.5 9.1 10.9 10.2

Table 10b. NUM average price changes following a 5% down day

Of the 1,549 trading days from 2015 to 2020, there were 3 days in which NUM was down more than -5%. This table shows the average price changes over the 3 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ -5% 4.7 4.2 9.0 12.4 14.5 14.3 15.8

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Also see: VIX price movement study.