Statistics of Price Movements of Rmg Acquisition Corp Cl A (RMG)

The price movements of Rmg Acquisition Corp Cl A (ticker RMG) 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 RMG 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 RMG had a big price move
  • Table 11. Statistics of daily price changes in the 20 days after RMG moved 5% with twice the 30-day average volume

The statistics are calculated using RMG's price data across 442 trading days from 2019 to 2020.

Table 1. Statistics of RMG 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 442 trading days, 30.8% of the time (136 days), RMG closed above the previous day's closing price. 23.6% of the time (104 days), it closed below the previous day's closing price. 45.6% of the time (201 days), it did not change.

Also see: VIX price movement study.

RMG Price Change (%) Number of Days % of Total Sessions
20 – 21% 1
0.23%
19 – 20% 1
0.23%
18 – 19% 1
0.23%
10 – 11% 2
0.45%
7 – 8% 1
0.23%
5 – 6% 1
0.23%
4 – 5% 3
0.68%
3 – 4% 2
0.45%
2 – 3% 2
0.45%
1 – 2% 15
3.40%
0 – 1% 107
24.26%
0% 201
45.58%
0 – -1% 89
20.18%
-1 – -2% 11
2.49%
-4 – -5% 1
0.23%
-9 – -10% 2
0.45%
-12 – -13% 1
0.23%

Table 2. Statistics of RMG: 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 RMG.

21.5% of the time (95 days), RMG closed above the opening price. 20.1% of the time (89 days), it closed below the opening price. 58.4% of the time (258 days), it closed where it started.

Closing - Open (%) Number of Days % of Total Sessions
19 – 20% 1
0.23%
17 – 18% 1
0.23%
15 – 16% 1
0.23%
9 – 10% 2
0.45%
8 – 9% 2
0.45%
7 – 8% 1
0.23%
4 – 5% 1
0.23%
2 – 3% 1
0.23%
1 – 2% 6
1.36%
0 – 1% 79
17.87%
0% 258
58.37%
0 – -1% 69
15.61%
-1 – -2% 9
2.04%
-2 – -3% 3
0.68%
-3 – -4% 2
0.45%
-4 – -5% 3
0.68%
-6 – -7% 1
0.23%
-8 – -9% 1
0.23%
-9 – -10% 1
0.23%

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

In the past 442 trading days, RMG opened more than 5% higher than the previous day's closing price 7 times. Of these days, 14.3% (1 days) had closing prices above the opening price, and 85.7% (6 days) had closing prices below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
7 – 8% 1
14.29%
-2 – -3% 2
28.57%
-3 – -4% 1
14.29%
-4 – -5% 2
28.57%
-9 – -10% 1
14.29%

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

On 0 days, RMG 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 RMG open 3 – 4% higher

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

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

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

5 times RMG opened 2 – 3% higher than the previous day's closing price. Among these days, 60.0% (3 days) closed above the opening price, 20.0% (1 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
17 – 18% 1
20.00%
8 – 9% 1
20.00%
0 – 1% 1
20.00%
0% 1
20.00%
-3 – -4% 1
20.00%

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

10 times RMG 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
2 – 3% 1
10.00%
0 – 1% 2
20.00%
0% 1
10.00%
0 – -1% 3
30.00%
-1 – -2% 3
30.00%

Table 8. Periods when RMG moved 15% or more

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

DatePrice ChangePrice Change after 15% Move
Days after:14710131619
2020112720.5%
2020120419.9%
2020112518.6%

Table 8a. RMG average price changes following a 15% up day

Of the 442 trading days from 2019 to 2020, there were 3 days in which RMG was up more than 15%. This table shows the average price changes over the 3 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ 15% -1.5 4.6 12.9 19.9 .0 .0 .0

Table 9. Periods when RMG moved 10% or more

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

DatePrice ChangePrice Change after 10% Move
Days after:14710131619
2020112720.5%
2020120419.9%
2020112518.6%
2020120810.5%
2020121010.5%
20201201-12.9%

Table 9a. RMG average price changes following a 10% up day

Of the 442 trading days from 2019 to 2020, there were 5 days in which RMG was up more than 10%. This table shows the average price changes over the 5 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ 10% -.0 2.8 7.7 11.9 .0 .0 .0

Table 9b. RMG average price changes following a 10% down day

Of the 442 trading days from 2019 to 2020, there were 1 days in which RMG was down more than -10%. This table shows the average price changes over the 1 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ -10% -4.2 7.8 35.3 .0 .0 .0 .0

Table 10. Periods when RMG moved 5% or more

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

DatePrice ChangePrice Change after 5% Move
Days after:14710131619
2020112720.5%
2020120419.9%
2020112518.6%
2020120810.5%
2020121010.5%
202010027.9% -9.8 -10.0 -8.7 -10.5 -10.5 -11.4 -12.1
202011245.1%
20201207-9.1%
20201005-9.8% -1.3 1.6 .8 -1.3 -1.7 -1.8 -2.5
20201201-12.9%

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

Of the 442 trading days from 2019 to 2020, there were 7 days in which RMG was up more than 5%. This table shows the average price changes over the 7 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ 5% 1.2 7.6 8.4 14.9 9.8 -1.6 -1.7

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

Of the 442 trading days from 2019 to 2020, there were 3 days in which RMG 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% 1.7 12.4 12.0 -.4 -.6 -.6 -.8

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Also see: VIX price movement study.