Statistics of Price Movements of Sage Therapeutic Com (SAGE)

The price movements of Sage Therapeutic Com (ticker SAGE) 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 SAGE 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 SAGE had a big price move
• Table 11. Statistics of daily price changes in the 20 days after SAGE moved 5% with twice the 30-day average volume

The statistics are calculated using SAGE's price data across 1,547 trading days from 2015 to 2020.

Table 1. Statistics of SAGE 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 1,547 trading days, 50.2% of the time (776 days), SAGE closed above the previous day's closing price. 46.2% of the time (715 days), it closed below the previous day's closing price. 3.6% of the time (55 days), it did not change.

Also see: VIX price movement study.

SAGE Price Change (%)	Number of Days	% of Total Sessions
70 – 71%	1	0.06%
54 – 55%	1	0.06%
42 – 43%	1	0.06%
37 – 38%	1	0.06%
19 – 20%	1	0.06%
15 – 16%	1	0.06%
13 – 14%	2	0.13%
12 – 13%	2	0.13%
11 – 12%	3	0.19%
10 – 11%	6	0.39%
9 – 10%	7	0.45%
8 – 9%	10	0.65%
7 – 8%	16	1.03%
6 – 7%	24	1.55%
5 – 6%	36	2.33%
4 – 5%	40	2.59%
3 – 4%	98	6.34%
2 – 3%	134	8.67%
1 – 2%	179	11.58%
0 – 1%	213	13.78%
0%	55	3.56%
0 – -1%	183	11.84%
-1 – -2%	175	11.32%
-2 – -3%	120	7.76%
-3 – -4%	82	5.30%
-4 – -5%	51	3.30%
-5 – -6%	35	2.26%
-6 – -7%	22	1.42%
-7 – -8%	17	1.10%
-8 – -9%	11	0.71%
-9 – -10%	6	0.39%
-10 – -11%	3	0.19%
-12 – -13%	3	0.19%
-13 – -14%	3	0.19%
-17 – -18%	1	0.06%
-18 – -19%	1	0.06%
-20 – -21%	1	0.06%
-59 – -60%	1	0.06%

Table 2. Statistics of SAGE: 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 SAGE.

49.2% of the time (761 days), SAGE closed above the opening price. 47.1% of the time (729 days), it closed below the opening price. 3.7% of the time (57 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
15 – 16%	1	0.06%
14 – 15%	2	0.13%
13 – 14%	1	0.06%
11 – 12%	3	0.19%
10 – 11%	2	0.13%
9 – 10%	3	0.19%
8 – 9%	7	0.45%
7 – 8%	14	0.90%
6 – 7%	20	1.29%
5 – 6%	42	2.71%
4 – 5%	48	3.10%
3 – 4%	86	5.56%
2 – 3%	120	7.76%
1 – 2%	190	12.28%
0 – 1%	222	14.35%
0%	57	3.68%
0 – -1%	206	13.32%
-1 – -2%	157	10.15%
-2 – -3%	137	8.86%
-3 – -4%	76	4.91%
-4 – -5%	55	3.56%
-5 – -6%	40	2.59%
-6 – -7%	23	1.49%
-7 – -8%	16	1.03%
-8 – -9%	8	0.52%
-9 – -10%	3	0.19%
-10 – -11%	3	0.19%
-11 – -12%	2	0.13%
-12 – -13%	2	0.13%
-14 – -15%	1	0.06%

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

In the past 1,547 trading days, SAGE opened more than 5% higher than the previous day's closing price 22 times. Of these days, 45.5% (10 days) had closing prices above the opening price, and 54.5% (12 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
7 – 8%	2	9.09%
4 – 5%	2	9.09%
3 – 4%	3	13.64%
2 – 3%	2	9.09%
1 – 2%	1	4.55%
-2 – -3%	2	9.09%
-3 – -4%	2	9.09%
-4 – -5%	2	9.09%
-5 – -6%	2	9.09%
-7 – -8%	1	4.55%
-8 – -9%	1	4.55%
-10 – -11%	1	4.55%
-11 – -12%	1	4.55%

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

On 6 days, SAGE opened 4–5% higher than the previous day's closing price. Of these days, 33.3% (2 days) had closing prices above the opening price, and 66.7% (4 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
5 – 6%	1	16.67%
0 – 1%	1	16.67%
-2 – -3%	1	16.67%
-5 – -6%	1	16.67%
-8 – -9%	1	16.67%
-12 – -13%	1	16.67%

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

13 times SAGE opened 3 – 4% higher than the previous day's closing price. Among these days, 23.1% (3 days) closed above the opening price, 76.9% (10 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
15 – 16%	1	7.69%
5 – 6%	1	7.69%
4 – 5%	1	7.69%
0 – -1%	1	7.69%
-2 – -3%	2	15.38%
-4 – -5%	1	7.69%
-5 – -6%	1	7.69%
-6 – -7%	3	23.08%
-7 – -8%	1	7.69%
-11 – -12%	1	7.69%

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

46 times SAGE opened 2 – 3% higher than the previous day's closing price. Among these days, 54.3% (25 days) closed above the opening price, 45.7% (21 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
7 – 8%	1	2.17%
6 – 7%	2	4.35%
5 – 6%	2	4.35%
3 – 4%	1	2.17%
2 – 3%	4	8.70%
1 – 2%	8	17.39%
0 – 1%	7	15.22%
0 – -1%	8	17.39%
-1 – -2%	2	4.35%
-2 – -3%	2	4.35%
-3 – -4%	2	4.35%
-4 – -5%	3	6.52%
-5 – -6%	1	2.17%
-7 – -8%	2	4.35%
-14 – -15%	1	2.17%

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

147 times SAGE opened 1 – 2% higher than the previous day's closing price. Among these days, 49.0% (72 days) closed above the opening price, 51.0% (75 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
11 – 12%	1	0.68%
8 – 9%	1	0.68%
7 – 8%	1	0.68%
6 – 7%	3	2.04%
5 – 6%	6	4.08%
4 – 5%	7	4.76%
3 – 4%	10	6.80%
2 – 3%	10	6.80%
1 – 2%	15	10.20%
0 – 1%	18	12.24%
0 – -1%	23	15.65%
-1 – -2%	19	12.93%
-2 – -3%	7	4.76%
-3 – -4%	8	5.44%
-4 – -5%	6	4.08%
-5 – -6%	6	4.08%
-6 – -7%	4	2.72%
-8 – -9%	1	0.68%
-10 – -11%	1	0.68%

Table 8. Periods when SAGE moved 15% or more

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

Date	Price Change	Price Change after 15% Move
Days after:		1	4	7	10	13	16	19
20171207	70%	7.1	5.4	5.2	-.6	-.1	5.4	8.9
20171109	54.2%	-.6	-11.6	-13.2	-1.3	-.7	-3.8	-4.9
20190107	42.6%	-7.0	-10.1	-2.5	.5	-5.0	-5.4	2.8
20160712	37.3%	-8.2	-7.9	-6.1	-4.1	-2.9	-4.8	-8.1
20180612	19.6%	-3.6	-7.4	-8.3	-12.4	-10.9	-9.8	-8.7
20150609	15.3%	-5.5	-10.0	-11.7	-14.1	-18.6	-20.1	-18.3
20200312	-17.9%	10.0	-19.3	-24.6	-10.8	-17.2	-25.2	-13.5
20200227	-18.2%	-9.6	2.3	-13.8	-33.3	-44.6	-48.9	-41.7
20200316	-20.7%	-4.7	-12.0	.4	-2.4	-11.5	-3.9	-3.9
20191205	-59.6%	7.1	14.1	16.3	21.7	27.6	21.9	20.0

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

Of the 1,547 trading days from 2015 to 2020, there were 6 days in which SAGE was up more than 15%. This table shows the average price changes over the 6 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	-3.0	-6.9	-6.1	-5.3	-6.4	-6.4	-4.7

Table 8b. SAGE average price changes following a 15% down day

Of the 1,547 trading days from 2015 to 2020, there were 4 days in which SAGE was down more than -15%. This table shows the average price changes over the 4 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	.7	-3.7	-5.4	-6.2	-11.4	-14.0	-9.8

Table 9. Periods when SAGE moved 10% or more

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

Date	Price Change	Price Change after 10% Move
Days after:		1	4	7	10	13	16	19
20171207	70%	7.1	5.4	5.2	-.6	-.1	5.4	8.9
20171109	54.2%	-.6	-11.6	-13.2	-1.3	-.7	-3.8	-4.9
20190107	42.6%	-7.0	-10.1	-2.5	.5	-5.0	-5.4	2.8
20160712	37.3%	-8.2	-7.9	-6.1	-4.1	-2.9	-4.8	-8.1
20180612	19.6%	-3.6	-7.4	-8.3	-12.4	-10.9	-9.8	-8.7
20150609	15.3%	-5.5	-10.0	-11.7	-14.1	-18.6	-20.1	-18.3
20160302	13.6%	-1.9	-.1	.5	-4.2	-5.1	-10.8	-9.9
20200302	13.5%	-3.9	-9.9	-20.7	-43.4	-47.2	-45.0	-41.0
20160906	12.2%	1.0	-.8	5.7	12.1	13.7	14.3	11.5
20200324	12.2%	3.3	.5	-8.9	-1.1	-1.1	-2.2	18.7
20151002	11.9%	-1.2	-8.5	-2.2	-.9	-3.4	-1.0	11.9
20170213	11.7%	2.5	22.6	16.9	29.9	29.5	22.1	29.1
20150327	11.1%	.7	-7.6	-7.4	1.4	17.4	19.4	18.2
20170804	10.9%	1.7	-3.9	-2.5	-7.0	-6.9	-9.9	-5.5
20150415	10.8%	3.0	4.3	-1.6	-7.9	-2.8	-7.8	-2.6
20180409	10.6%	8.3	9.1	10.3	-6.9	-8.1	-5.5	-5.1
20200420	10.6%	-1.8	9.4	16.3	14.0	17.0	7.6	6.0
20170227	10.4%	-2.0	-2.8	-3.2	.5	-1.1	-7.3	-9.2
20171103	10.4%	-5.2	39.9	27.8	24.0	38.2	39.4	33.8
20150925	-10.2%	-9.5	-13.6	-11.8	-9.1	-8.1	-1.6	-6.5
20181113	-10.2%	-.9	.6	-.6	-5.2	5.7	-.5	-1.4
20160205	-10.3%	-9.1	-2.6	3.8	1.2	-2.3	-6.6	6.9
20160106	-12.6%	-6.0	-13.2	-21.1	-22.3	-21.2	-32.0	-32.9
20180420	-12.7%	-1.7	-2.9	-.2	.2	7.6	16.8	11.9
20160323	-12.8%	5.2	6.2	11.0	29.5	18.5	26.4	28.2
20160809	-13.1%	-.1	.2	-1.3	3.5	4.6	.8	-1.1
20150325	-13.2%	1.4	11.6	4.2	7.6	16.1	36.2	37.9
20170912	-13.6%	-7.9	-17.9	-14.9	-17.3	-18.5	-15.3	-16.2
20200312	-17.9%	10.0	-19.3	-24.6	-10.8	-17.2	-25.2	-13.5
20200227	-18.2%	-9.6	2.3	-13.8	-33.3	-44.6	-48.9	-41.7
20200316	-20.7%	-4.7	-12.0	.4	-2.4	-11.5	-3.9	-3.9
20191205	-59.6%	7.1	14.1	16.3	21.7	27.6	21.9	20.0

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

Of the 1,547 trading days from 2015 to 2020, there were 19 days in which SAGE was up more than 10%. This table shows the average price changes over the 19 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	-.7	.6	-.3	-1.1	.1	-1.3	1.5

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

Of the 1,547 trading days from 2015 to 2020, there were 13 days in which SAGE was down more than -10%. This table shows the average price changes over the 13 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	-2.0	-3.6	-4.1	-2.8	-3.3	-2.5	-.9

Table 10. Periods when SAGE moved 5% or more

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

Date	Price Change	Price Change after 5% Move
Days after:		1	4	7	10	13	16	19
20171207	70%	7.1	5.4	5.2	-.6	-.1	5.4	8.9
20171109	54.2%	-.6	-11.6	-13.2	-1.3	-.7	-3.8	-4.9
20190107	42.6%	-7.0	-10.1	-2.5	.5	-5.0	-5.4	2.8
20160712	37.3%	-8.2	-7.9	-6.1	-4.1	-2.9	-4.8	-8.1
20180612	19.6%	-3.6	-7.4	-8.3	-12.4	-10.9	-9.8	-8.7
20150609	15.3%	-5.5	-10.0	-11.7	-14.1	-18.6	-20.1	-18.3
20160302	13.6%	-1.9	-.1	.5	-4.2	-5.1	-10.8	-9.9
20200302	13.5%	-3.9	-9.9	-20.7	-43.4	-47.2	-45.0	-41.0
20160906	12.2%	1.0	-.8	5.7	12.1	13.7	14.3	11.5
20200324	12.2%	3.3	.5	-8.9	-1.1	-1.1	-2.2	18.7
20151002	11.9%	-1.2	-8.5	-2.2	-.9	-3.4	-1.0	11.9
20170213	11.7%	2.5	22.6	16.9	29.9	29.5	22.1	29.1
20150327	11.1%	.7	-7.6	-7.4	1.4	17.4	19.4	18.2
20170804	10.9%	1.7	-3.9	-2.5	-7.0	-6.9	-9.9	-5.5
20150415	10.8%	3.0	4.3	-1.6	-7.9	-2.8	-7.8	-2.6
20180409	10.6%	8.3	9.1	10.3	-6.9	-8.1	-5.5	-5.1
20200420	10.6%	-1.8	9.4	16.3	14.0	17.0	7.6	6.0
20170227	10.4%	-2.0	-2.8	-3.2	.5	-1.1	-7.3	-9.2
20171103	10.4%	-5.2	39.9	27.8	24.0	38.2	39.4	33.8
20200313	9.9%	-20.8	-26.1	-23.0	-17.4	-29.9	-25.6	-23.9
20170331	9.6%	-1.0	.0	-1.6	-1.0	-1.1	2.5	.9
20200417	9.4%	10.6	15.0	26.6	17.9	29.7	24.9	9.4
20200406	9.3%	2.3	2.3	1.2	22.8	27.7	40.5	30.9
20151215	9.1%	2.5	5.2	6.4	6.4	3.9	-12.0	-24.4
20160406	9.1%	2.2	-7.5	-2.3	.3	.3	.7	-3.9
20190104	9.1%	42.7	29.4	35.3	43.4	34.1	32.4	46.2
20151125	8.9%	.0	-.8	6.9	9.8	6.9	23.2	23.4
20170216	8.9%	3.6	-1.3	9.7	9.4	3.1	9.0	10.9
20151027	8.7%	4.0	8.9	7.0	-4.0	-11.6	-6.9	-10.5
20160623	8.6%	-7.3	-4.8	1.0	4.4	50.0	37.1	40.3
20161109	8.6%	6.5	15.1	7.1	5.7	4.4	2.1	15.4
20191211	8.5%	5.7	.5	9.5	11.8	4.3	6.5	9.0
20201109	8.5%	2.2	2.2	-6.3	.2	6.3	-6.7	-7.8
20150107	8.4%	7.4	3.8	-8.7	-7.1	-2.9	-3.0	-6.1
20150521	8.3%	1.0	2.0	3.6	15.1	27.0	25.2	13.1
20180410	8.3%	-1.4	-3.8	.2	-16.6	-13.3	-13.4	-8.6
20200520	7.9%	.1	2.9	-5.9	-5.2	-.1	-8.6	.7
20160404	7.6%	-.7	4.9	2.4	6.9	13.4	6.3	8.4
20181231	7.6%	.0	1.8	25.1	32.6	42.5	43.3	37.8
20150108	7.4%	-.8	-10.5	-15.0	-13.8	-10.7	-9.7	-13.7
20160314	7.4%	-7.7	-14.7	-21.4	-16.9	-13.4	-6.8	-1.5
20161206	7.4%	-6.5	-14.6	-12.0	-14.7	-11.6	-12.1	-8.3
20190131	7.4%	.3	4.2	5.6	10.9	7.3	8.0	11.4
20151102	7.3%	.6	-3.5	-15.4	-20.7	-17.2	-18.1	-10.9
20151015	7.2%	-2.8	-5.3	-2.9	9.7	15.6	10.9	-2.7
20171121	7.2%	6.1	7.1	2.7	-.2	86.1	83.1	82.7
20200804	7.2%	1.8	7.1	1.0	4.5	3.0	-5.4	5.3
20191206	7.1%	-2.8	12.6	7.1	16.6	19.1	11.1	13.5
20200515	7.1%	1.8	2.8	5.7	-3.3	-2.5	2.7	-6.1
20150318	7%	2.2	2.8	.5	.8	-8.3	-1.7	6.4
20171208	7%	-2.4	-5.6	-3.6	-.9	-1.9	-1.6	-.5
20180123	7%	-.1	2.1	6.5	-.3	-15.7	-9.1	-10.1
20150520	6.9%	8.4	12.7	18.8	19.5	19.3	34.3	20.3
20161104	6.9%	5.7	24.1	34.1	24.8	23.2	21.6	19.0
20200504	6.9%	.7	-1.3	-9.5	-5.3	-4.4	-1.6	-10.0
20181101	6.8%	.0	-5.5	-11.7	-18.7	-21.9	-18.7	-20.0
20200817	6.8%	-2.6	-4.0	-11.9	-1.8	-2.3	-3.4	7.3
20150817	6.7%	-9.0	-13.3	-19.5	-13.7	-14.8	-10.7	-6.0
20171222	6.7%	.0	.2	.5	2.0	6.9	6.0	.5
20200828	6.7%	5.5	5.0	3.8	15.3	20.9	24.4	22.3
20151012	6.6%	-2.4	-1.1	-3.6	-1.2	11.7	17.6	12.9
20201006	6.6%	2.2	-3.9	3.5	9.3	11.5	12.1	11.8
20151204	6.5%	.4	3.6	9.2	18.6	14.1	14.6	13.4
20161110	6.5%	.4	1.2	-.7	-.7	-1.1	-4.6	1.3
20181128	6.4%	3.6	-1.4	-6.7	.6	-7.9	-23.0	-24.0
20181226	6.4%	-1.2	7.7	9.6	34.7	42.7	53.4	54.3
20161223	6.3%	.0	1.2	3.2	9.2	7.4	12.5	7.8
20200427	6.3%	-1.6	-8.4	.9	-2.9	-14.9	-13.3	-3.9
20151117	6.2%	1.5	-2.5	5.8	4.9	13.1	16.1	13.1
20160307	6.1%	-5.1	-4.5	-8.9	-9.8	-15.2	-14.4	-10.5
20171122	6.1%	.0	.6	-2.5	-3.7	71.1	65.6	69.1
20181031	6.1%	6.9	-.3	1.8	-16.0	-14.7	-15.7	-19.6
20191101	6.1%	-.2	-3.5	-1.7	1.6	5.3	5.6	4.8
20200714	6.1%	3.7	2.8	7.5	5.7	4.4	16.2	22.1
20200902	6.1%	-3.0	-4.1	6.5	11.7	15.0	13.1	13.6
20150630	6%	-5.1	-2.9	-4.4	3.5	4.6	5.5	-5.1
20170215	5.9%	9.0	11.3	8.2	21.9	14.1	17.6	18.1
20150504	5.8%	-5.4	-3.2	-1.0	2.9	18.1	22.7	29.4
20200708	5.8%	-.7	-1.7	-1.7	6.6	8.7	3.5	12.1
20150102	5.7%	3.0	15.6	11.7	-1.8	-.1	4.5	4.4
20150126	5.7%	-1.2	-.1	-4.6	-4.7	1.6	2.1	5.1
20161107	5.7%	1.4	17.9	18.8	16.6	16.5	16.1	12.0
20161205	5.7%	7.4	-3.3	-7.5	-8.8	-10.7	-4.6	-1.5
20170901	5.7%	.0	-.5	-12.2	-28.3	-26.0	-27.2	-27.7
20171027	5.7%	-1.3	-2.5	-.7	49.6	33.2	30.7	48.7
20191212	5.7%	.4	-1.2	2.8	2.2	-.6	1.3	4.2
20160708	5.6%	-.9	23.3	23.6	30.6	32.9	29.8	27.3
20180223	5.6%	2.0	-1.7	6.4	8.3	5.9	1.4	-2.4
20150902	5.5%	-2.6	2.1	7.4	2.7	-2.1	-3.2	-25.6
20151214	5.4%	9.1	18.6	14.1	14.6	13.4	9.9	-13.7
20170613	5.4%	-.5	7.1	8.4	-3.0	1.6	4.1	1.0
20200831	5.4%	-3.3	-1.5	3.5	11.6	19.1	14.4	14.2
20161114	5.3%	2.2	-5.0	-6.2	-7.4	-9.4	2.4	-7.8
20190110	5.3%	-.9	7.4	10.8	4.8	4.3	13.3	17.7
20190222	5.3%	3.5	3.4	.3	-2.0	3.1	1.9	2.6
20190627	5.3%	1.5	.0	-.9	5.1	-.1	2.3	-3.2
20191108	5.3%	-1.4	-3.8	1.1	1.8	3.1	4.0	-58.9
20200618	5.3%	.7	3.7	4.1	7.2	4.6	7.0	12.8
20201022	5.3%	1.0	1.5	1.2	10.5	3.7	5.8	12.8
20170619	5.2%	-3.5	.4	-5.5	-4.3	-4.7	-4.1	-2.8
20150728	5.1%	-5.3	-7.0	-8.1	-12.3	-19.5	-24.6	-30.3
20160324	5.1%	.0	1.9	13.6	25.8	13.9	20.3	23.4
20171227	5.1%	1.2	1.5	3.1	8.0	7.1	1.6	10.0
20180109	5.1%	3.7	2.8	-2.5	5.6	7.3	11.0	4.8
20181025	5.1%	.1	7.6	5.5	11.1	-8.8	-4.5	-9.3
20200424	5.1%	6.3	2.3	4.9	2.9	-5.7	-1.3	-.3
20200810	5.1%	-3.6	-6.2	-2.2	-6.2	-12.6	-4.9	-3.1
20200910	5.1%	2.7	9.0	10.4	8.6	10.0	7.7	20.8
20150212	5%	-.2	1.5	4.4	4.6	6.7	4.6	11.3
20150528	5%	2.4	2.9	2.8	15.7	3.7	-3.6	1.3
20150827	5%	1.3	3.5	3.2	6.4	10.5	11.3	-2.6
20190911	5%	1.0	3.1	3.7	-4.1	-12.0	-10.6	-12.5
20150811	-5%	-2.2	-2.0	-14.7	-19.0	-16.1	-14.3	-14.5
20160308	-5%	-4.1	8.1	-8.0	-2.5	-10.6	-8.9	1.5
20161212	-5%	1.1	2.0	-1.7	3.4	4.6	6.7	13.0
20150701	-5.1%	-.5	.9	5.2	5.5	5.4	8.5	5.2
20161006	-5.1%	-.1	-4.4	-5.5	-2.8	.5	-.4	-5.4
20171106	-5.1%	-2.6	46.6	30.5	28.1	45.7	46.6	42.0
20180222	-5.1%	5.6	3.8	8.6	9.1	11.9	10.8	7.0
20180523	-5.1%	1.5	-2.6	-1.6	-1.2	-5.7	5.7	4.0
20150115	-5.2%	.3	2.0	6.7	6.6	3.2	-2.4	3.3
20150206	-5.2%	4.2	11.1	11.6	14.9	16.1	18.7	21.2
20160503	-5.2%	-2.9	-3.7	-12.5	-12.0	-13.8	-12.3	-13.0
20160511	-5.2%	-3.5	-2.9	-4.8	-3.3	-4.0	4.2	3.6
20160610	-5.2%	-4.1	-4.7	-4.9	-6.1	-3.5	2.3	5.8
20181009	-5.2%	-5.8	-5.8	-3.0	-3.9	-6.2	.8	-1.1
20150505	-5.3%	.7	3.3	6.5	7.7	26.0	27.2	29.3
20150729	-5.3%	-1.7	-.4	-5.0	-9.4	-9.2	-21.0	-25.0
20150929	-5.3%	3.9	11.6	3.3	10.5	11.9	9.0	11.8
20160408	-5.3%	-5.4	.9	2.3	7.5	.8	4.8	-4.6
20150601	-5.4%	4.3	14.2	15.8	10.3	8.1	5.2	-.2
20150610	-5.4%	3.2	-7.5	-14.0	-9.6	-16.0	-15.9	-14.8
20160411	-5.4%	1.0	6.7	9.5	9.5	9.9	5.0	-1.9
20161102	-5.4%	-6.1	7.7	25.2	26.2	23.8	23.7	23.3
20160115	-5.5%	.0	-.1	-4.0	-13.7	-11.5	-26.4	-21.2
20160627	-5.5%	4.8	15.4	19.9	24.8	55.3	55.7	64.6
20180517	-5.5%	-.8	-5.8	-6.2	-7.8	-6.9	-10.2	2.4
20170502	-5.6%	-1.1	-1.5	-.9	1.3	-5.4	-2.4	-4.7
20180327	-5.6%	2.8	-5.7	-4.6	9.6	10.4	11.6	-5.9
20200320	-5.6%	-1.7	16.4	8.0	-2.4	12.8	7.0	8.2
20201202	-5.6%
20181010	-5.7%	-.4	3.5	1.7	-5.4	-2.5	14.4	6.7
20181219	-5.7%	-8.9	-10.1	-4.2	-3.7	49.7	35.8	42.0
20151110	-5.8%	-4.1	-10.1	-6.1	-7.2	1.0	2.3	8.5
20171226	-5.8%	5.1	5.5	6.6	9.5	12.6	7.9	8.0
20151020	-5.9%	.8	3.4	16.8	23.1	18.1	3.5	-2.9
20160107	-5.9%	-4.4	-14.8	-16.1	-16.2	-19.5	-27.6	-25.8
20161103	-6%	6.9	24.6	40.4	34.8	27.1	33.7	29.4
20200826	-6%	-1.1	7.7	9.7	15.2	24.3	32.6	27.4
20150806	-6.1%	-2.2	-6.7	-6.5	-18.6	-22.7	-19.9	-18.2
20160127	-6.2%	-4.2	-5.4	-10.1	-15.8	-8.5	-10.6	-8.3
20161116	-6.3%	.4	-5.4	-.4	-3.6	-.3	-.8	-7.6
20180208	-6.3%	-8.4	-1.2	-2.2	-6.4	-1.7	-1.6	3.4
20190903	-6.3%	1.1	-6.3	.1	2.2	2.8	-5.0	-12.7
20190926	-6.3%	-.2	-3.9	-1.6	-5.0	.8	-2.2	-.6
20200330	-6.3%	-2.6	-12.0	1.7	-3.6	-2.4	16.0	29.2
20160524	-6.4%	4.0	3.2	12.0	11.3	-.4	-6.1	-3.0
20181204	-6.4%	.0	-.8	-7.2	-9.1	-24.5	-18.0	-11.7
20150824	-6.5%	1.9	5.6	7.9	7.6	11.0	15.2	16.0
20161207	-6.5%	-.9	-7.6	-6.8	-10.1	-5.5	-4.4	-2.4
20200519	-6.5%	8.0	10.8	6.3	-1.0	3.0	2.6	6.1
20190102	-6.6%	-.1	44.7	39.9	51.6	56.3	47.8	47.2
20170321	-6.7%	3.5	2.7	1.7	13.0	15.2	12.9	10.4
20171114	-6.7%	-3.2	-4.9	8.1	8.8	5.4	4.1	85.1
20200309	-6.7%	3.3	-14.9	-37.5	-41.7	-30.9	-35.9	-42.1
20150427	-6.8%	-1.1	.1	1.1	3.7	6.8	8.0	26.4
20170517	-6.8%	3.7	3.1	1.0	1.1	6.5	14.5	19.8
20200401	-6.8%	.0	8.5	8.5	7.3	30.2	35.5	49.0
20190108	-6.9%	-7.4	-1.9	5.5	6.1	2.0	2.5	12.9
20150608	-7%	15.4	13.7	2.8	-4.0	-3.7	-2.9	-8.3
20181112	-7.2%	-10.2	-6.0	-10.7	-7.2	-6.1	-10.7	-15.4
20160624	-7.3%	-5.5	5.6	9.6	19.0	48.7	49.2	52.0
20170627	-7.3%	4.3	5.7	5.2	5.8	7.3	6.5	13.0
20181024	-7.3%	5.1	6.6	21.0	14.3	6.8	-1.6	-5.5
20150114	-7.4%	-5.3	-3.8	-4.4	-.3	-.3	-2.4	-3.2
20160218	-7.4%	1.8	-1.8	-6.1	7.5	9.4	10.1	5.0
20190109	-7.4%	5.3	10.1	16.7	9.1	7.7	19.0	22.9
20190725	-7.5%	3.2	-.6	-2.9	6.9	2.6	.4	4.0
20151006	-7.6%	3.4	9.8	11.8	5.0	7.3	22.7	28.5
20160315	-7.6%	-3.8	-4.8	-10.4	-9.6	-5.5	10.2	.9
20201116	-7.6%
20160113	-7.7%	4.3	-3.6	.9	-11.3	-13.0	-11.1	-24.0
20150402	-7.8%	.0	3.3	11.5	30.8	32.4	25.0	16.9
20150619	-7.8%	2.3	2.6	3.5	-2.3	-5.0	3.9	5.7
20170913	-7.8%	-7.8	-12.7	-10.6	-10.4	-10.0	-9.5	-11.2
20170914	-7.8%	-3.8	-.7	-2.3	-3.0	-.8	-1.2	-3.3
20160609	-8.1%	-5.3	-10.8	-7.8	-4.0	-12.0	-3.1	.7
20160713	-8.1%	-1.3	-1.1	4.6	6.4	3.9	1.9	-13.1
20181105	-8.2%	1.7	3.8	-14.4	-13.0	-14.1	-18.0	-8.6
20181127	-8.2%	6.4	12.1	2.4	4.3	-1.4	-10.1	-19.2
20180209	-8.3%	4.7	7.5	7.2	7.9	6.1	10.9	11.4
20151211	-8.4%	5.4	21.5	21.7	22.4	20.2	14.3	-4.8
20200311	-8.6%	-18.0	-31.9	-37.1	-28.3	-30.3	-36.8	-31.4
20201127	-8.6%
20150615	-8.7%	-2.8	-9.6	-5.1	-11.8	-11.7	-10.5	-6.6
20150921	-8.8%	-2.5	-11.3	-21.1	-15.2	-21.5	-16.1	-15.0
20181220	-8.8%	-3.3	5.0	13.1	5.5	52.8	47.7	60.1
20150818	-9%	-3.6	-10.9	-7.1	-8.9	-4.1	-2.4	-.8
20160208	-9%	4.9	11.9	18.1	15.8	6.8	5.4	18.8
20181213	-9%	1.4	-7.6	-16.9	-12.7	-4.8	-3.1	19.1
20180402	-9.4%	-1.6	-3.1	14.6	11.8	16.4	-3.1	.7
20150928	-9.5%	-5.3	6.9	.9	7.1	9.0	2.4	4.7
20200228	-9.6%	13.5	7.7	-1.5	-18.8	-40.4	-44.4	-34.1
20150925	-10.2%	-9.5	-13.6	-11.8	-9.1	-8.1	-1.6	-6.5
20181113	-10.2%	-.9	.6	-.6	-5.2	5.7	-.5	-1.4
20160205	-10.3%	-9.1	-2.6	3.8	1.2	-2.3	-6.6	6.9
20160106	-12.6%	-6.0	-13.2	-21.1	-22.3	-21.2	-32.0	-32.9
20180420	-12.7%	-1.7	-2.9	-.2	.2	7.6	16.8	11.9
20160323	-12.8%	5.2	6.2	11.0	29.5	18.5	26.4	28.2
20160809	-13.1%	-.1	.2	-1.3	3.5	4.6	.8	-1.1
20150325	-13.2%	1.4	11.6	4.2	7.6	16.1	36.2	37.9
20170912	-13.6%	-7.9	-17.9	-14.9	-17.3	-18.5	-15.3	-16.2
20200312	-17.9%	10.0	-19.3	-24.6	-10.8	-17.2	-25.2	-13.5
20200227	-18.2%	-9.6	2.3	-13.8	-33.3	-44.6	-48.9	-41.7
20200316	-20.7%	-4.7	-12.0	.4	-2.4	-11.5	-3.9	-3.9
20191205	-59.6%	7.1	14.1	16.3	21.7	27.6	21.9	20.0

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

Of the 1,547 trading days from 2015 to 2020, there were 112 days in which SAGE was up more than 5%. This table shows the average price changes over the 112 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	.7	1.4	1.7	3.4	4.9	5.2	4.8

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

Of the 1,547 trading days from 2015 to 2020, there were 104 days in which SAGE was down more than -5%. This table shows the average price changes over the 104 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	-.4	.8	.9	1.0	2.8	2.9	4.5

28 stocks with statistics: AAPL, AMD, AMZN, APPN, AZN, BA, BAC, BIIB, CRM, CSCO, CX, DIS, FB, GE, GM, GOOG, IBM, INTC, JPM, JPM, MSFT, MU, NFLX, O, QQQ, SPY, T, TSLA,

Also see: VIX price movement study.