Statistics of Price Movements of Hannon Armstrong Sustainable IN (HASI)

The price movements of Hannon Armstrong Sustainable IN (ticker HASI) 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 HASI 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 HASI had a big price move
Table 11. Statistics of daily price changes in the 20 days after HASI moved 5% with twice the 30-day average volume

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

Table 1. Statistics of HASI 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, 52.1% of the time (806 days), HASI closed above the previous day's closing price. 43.0% of the time (665 days), it closed below the previous day's closing price. 5.0% of the time (77 days), it did not change.

Also see: VIX price movement study.

HASI Price Change (%)	Number of Days	% of Total Sessions
15 – 16%	1	0.06%
11 – 12%	1	0.06%
10 – 11%	4	0.26%
8 – 9%	1	0.06%
7 – 8%	1	0.06%
6 – 7%	6	0.39%
5 – 6%	12	0.78%
4 – 5%	10	0.65%
3 – 4%	42	2.71%
2 – 3%	89	5.75%
1 – 2%	231	14.92%
0 – 1%	408	26.36%
0%	77	4.97%
0 – -1%	343	22.16%
-1 – -2%	180	11.63%
-2 – -3%	80	5.17%
-3 – -4%	35	2.26%
-4 – -5%	9	0.58%
-5 – -6%	9	0.58%
-6 – -7%	1	0.06%
-7 – -8%	2	0.13%
-10 – -11%	2	0.13%
-12 – -13%	1	0.06%
-16 – -17%	2	0.13%
-20 – -21%	1	0.06%

Table 2. Statistics of HASI: 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 HASI.

50.0% of the time (774 days), HASI closed above the opening price. 45.2% of the time (700 days), it closed below the opening price. 4.8% of the time (75 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
11 – 12%	1	0.06%
8 – 9%	1	0.06%
7 – 8%	3	0.19%
6 – 7%	3	0.19%
5 – 6%	3	0.19%
4 – 5%	17	1.10%
3 – 4%	25	1.61%
2 – 3%	83	5.36%
1 – 2%	207	13.36%
0 – 1%	431	27.82%
0%	75	4.84%
0 – -1%	395	25.50%
-1 – -2%	183	11.81%
-2 – -3%	81	5.23%
-3 – -4%	20	1.29%
-4 – -5%	8	0.52%
-5 – -6%	5	0.32%
-6 – -7%	2	0.13%
-7 – -8%	1	0.06%
-8 – -9%	1	0.06%
-9 – -10%	1	0.06%
-10 – -11%	1	0.06%
-13 – -14%	1	0.06%
-16 – -17%	1	0.06%

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

In the past 1,549 trading days, HASI opened more than 5% higher than the previous day's closing price 4 times. Of these days, 25.0% (1 days) had closing prices above the opening price, and 75.0% (3 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
1 – 2%	1	25.00%
0 – -1%	1	25.00%
-7 – -8%	1	25.00%
-8 – -9%	1	25.00%

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

On 7 days, HASI opened 4–5% higher than the previous day's closing price. Of these days, 42.9% (3 days) had closing prices above the opening price, and 57.1% (4 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
6 – 7%	1	14.29%
5 – 6%	1	14.29%
0 – 1%	1	14.29%
-1 – -2%	2	28.57%
-2 – -3%	1	14.29%
-3 – -4%	1	14.29%

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

8 times HASI opened 3 – 4% higher than the previous day's closing price. Among these days, 50.0% (4 days) closed above the opening price, 50.0% (4 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
11 – 12%	1	12.50%
7 – 8%	1	12.50%
2 – 3%	2	25.00%
0 – -1%	1	12.50%
-2 – -3%	2	25.00%
-3 – -4%	1	12.50%

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

19 times HASI opened 2 – 3% higher than the previous day's closing price. Among these days, 52.6% (10 days) closed above the opening price, 47.4% (9 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
7 – 8%	1	5.26%
4 – 5%	2	10.53%
2 – 3%	2	10.53%
1 – 2%	2	10.53%
0 – 1%	3	15.79%
0 – -1%	2	10.53%
-1 – -2%	2	10.53%
-2 – -3%	3	15.79%
-3 – -4%	1	5.26%
-4 – -5%	1	5.26%

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

62 times HASI opened 1 – 2% higher than the previous day's closing price. Among these days, 51.6% (32 days) closed above the opening price, 48.4% (30 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	3	4.84%
3 – 4%	2	3.23%
2 – 3%	4	6.45%
1 – 2%	8	12.90%
0 – 1%	15	24.19%
0 – -1%	13	20.97%
-1 – -2%	6	9.68%
-2 – -3%	8	12.90%
-3 – -4%	1	1.61%
-5 – -6%	2	3.23%

Table 8. Periods when HASI moved 15% or more

In this table, we track the price movements in the 20 days after HASI 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
20200406	15.3%	2.5	24.8	21.9	35.6	33.6	44.6	34.5
20200318	-16.1%	11.0	24.8	20.9	8.4	19.7	49.4	54.8
20200312	-16.6%	-3.8	-36.3	-28.7	-19.4	-21.0	-33.9	-13.9
20200316	-20.6%	-.3	-11.4	3.4	4.6	-9.0	2.5	24.9

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

Of the 1,549 trading days from 2015 to 2020, there were 1 days in which HASI was up more than 15%. This table shows the average price changes over the 1 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	2.5	24.8	21.9	35.6	33.6	44.6	34.5

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

Of the 1,549 trading days from 2015 to 2020, there were 3 days in which HASI was down more than -15%. This table shows the average price changes over the 3 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	2.3	-7.6	-1.4	-2.1	-3.4	6.0	21.9

Table 9. Periods when HASI moved 10% or more

In this table, we track the price movements in the 20 days after HASI 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
20200406	15.3%	2.5	24.8	21.9	35.6	33.6	44.6	34.5
20200324	11.5%	-.8	.3	-12.7	-1.7	19.8	17.0	30.2
20200319	10.9%	-4.4	11.5	12.7	-1.9	10.6	34.6	31.5
20200518	10.7%	-2.2	-3.0	-.9	.6	-3.2	-1.6	-6.9
20200409	10.6%	.0	-2.3	8.7	7.0	15.8	7.8	13.3
20200408	10%	10.6	14.6	20.5	17.2	25.6	25.8	24.8
20200309	-10.5%	4.4	-22.5	-48.6	-42.5	-35.1	-36.3	-46.7
20180222	-10.9%	1.5	-4.9	-2.6	-.9	.1	2.5	1.5
20200401	-12.4%	.4	13.2	37.8	34.6	49.8	47.5	59.6
20200318	-16.1%	11.0	24.8	20.9	8.4	19.7	49.4	54.8
20200312	-16.6%	-3.8	-36.3	-28.7	-19.4	-21.0	-33.9	-13.9
20200316	-20.6%	-.3	-11.4	3.4	4.6	-9.0	2.5	24.9

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

Of the 1,549 trading days from 2015 to 2020, there were 6 days in which HASI was up more than 10%. 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 ≥ 10%	.9	7.7	8.4	9.5	17.0	21.4	21.2

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

Of the 1,549 trading days from 2015 to 2020, there were 6 days in which HASI was down more than -10%. 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 ≥ -10%	2.2	-6.2	-3.0	-2.5	.8	5.3	13.4

Table 10. Periods when HASI moved 5% or more

In this table, we track the price movements in the 20 days after HASI 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
20200406	15.3%	2.5	24.8	21.9	35.6	33.6	44.6	34.5
20200324	11.5%	-.8	.3	-12.7	-1.7	19.8	17.0	30.2
20200319	10.9%	-4.4	11.5	12.7	-1.9	10.6	34.6	31.5
20200518	10.7%	-2.2	-3.0	-.9	.6	-3.2	-1.6	-6.9
20200409	10.6%	.0	-2.3	8.7	7.0	15.8	7.8	13.3
20200408	10%	10.6	14.6	20.5	17.2	25.6	25.8	24.8
20200302	8%	-.5	-2.3	-15.5	-46.3	-50.1	-44.0	-45.7
20200508	7.2%	-2.9	-11.2	-.3	-1.1	1.0	2.5	-1.3
20151216	6.9%	-.4	4.7	6.5	5.0	3.3	1.9	-1.7
20200820	6.9%	-1.0	-.6	2.0	-2.7	.6	-.5	-5.4
20150304	6.8%	1.3	1.8	2.1	2.8	8.2	7.1	4.2
20200417	6.8%	-.2	-1.8	6.3	-1.1	4.0	7.9	-1.3
20201105	6.3%	3.8	10.5	13.8	15.6	19.3	20.0	19.3
20200812	6.1%	-4.1	-5.3	2.9	3.3	6.0	1.2	4.6
20200714	5.7%	5.3	4.1	8.1	8.7	10.4	16.3	23.7
20200909	5.6%	-1.9	-.1	-6.6	-9.5	-2.3	2.8	5.3
20151218	5.5%	-.9	1.3	-.2	-1.3	-.8	-4.5	-8.5
20200414	5.5%	-5.7	4.9	3.3	11.8	4.0	9.3	13.4
20200427	5.5%	2.0	-5.1	-.2	3.5	-5.3	6.3	5.4
20200323	5.4%	11.5	8.1	-3.1	7.0	33.5	38.4	45.5
20200715	5.3%	-3.1	2.0	.4	4.7	6.0	10.1	13.0
20200601	5.2%	-5.0	-1.1	-3.0	-3.5	-3.5	-6.4	-10.9
20201111	5.2%	-1.3	4.3	4.0	9.9	8.7	4.9	10.2
20200708	5.1%	-1.6	5.4	10.9	15.1	14.2	15.7	20.7
20160122	5%	-2.9	-1.4	.9	-2.6	-.1	-.5	3.0
20201102	5%	-1.0	7.4	14.4	17.8	19.6	23.4	24.2
20200602	-5%	4.9	5.4	-3.5	2.3	.6	-4.9	-2.8
20200903	-5.1%	-.3	1.5	3.4	-3.4	-6.4	1.0	6.4
20200501	-5.2%	2.8	4.7	6.2	3.4	10.3	11.1	13.1
20181217	-5.3%	-.1	-6.6	-6.0	-9.0	-2.4	4.3	3.5
20200611	-5.4%	1.0	2.0	2.8	1.8	1.7	3.4	5.8
20200513	-5.6%	-.5	11.8	10.9	13.3	14.9	10.6	12.4
20150928	-5.7%	-1.2	1.2	10.0	12.3	6.9	2.4	1.7
20200415	-5.7%	4.4	8.8	10.1	19.4	13.4	15.5	17.2
20170816	-5.8%	2.3	3.9	3.3	2.7	1.9	2.9	3.5
20200227	-6.1%	-3.5	6.9	-8.9	-26.6	-44.2	-50.4	-42.1
20200311	-7.3%	-16.6	-36.6	-43.6	-34.3	-33.5	-42.1	-34.8
20160909	-7.4%	2.4	-2.1	.6	2.8	2.7	-2.0	-5.8
20200309	-10.5%	4.4	-22.5	-48.6	-42.5	-35.1	-36.3	-46.7
20180222	-10.9%	1.5	-4.9	-2.6	-.9	.1	2.5	1.5
20200401	-12.4%	.4	13.2	37.8	34.6	49.8	47.5	59.6
20200318	-16.1%	11.0	24.8	20.9	8.4	19.7	49.4	54.8
20200312	-16.6%	-3.8	-36.3	-28.7	-19.4	-21.0	-33.9	-13.9
20200316	-20.6%	-.3	-11.4	3.4	4.6	-9.0	2.5	24.9

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

Of the 1,549 trading days from 2015 to 2020, there were 26 days in which HASI was up more than 5%. This table shows the average price changes over the 26 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-.1	2.8	3.7	3.6	6.9	9.2	9.4

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

Of the 1,549 trading days from 2015 to 2020, there were 18 days in which HASI was down more than -5%. This table shows the average price changes over the 18 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	.5	-2.0	-1.8	-1.7	-1.6	-.9	3.2

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Also see: VIX price movement study.