Statistics of Price Movements of Retail Value Inc (RVI)

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

The statistics are calculated using RVI's price data across 637 trading days from 2018 to 2020.

Table 1. Statistics of RVI 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 637 trading days, 47.2% of the time (300 days), RVI closed above the previous day's closing price. 48.4% of the time (308 days), it closed below the previous day's closing price. 4.4% of the time (28 days), it did not change.

Also see: VIX price movement study.

RVI Price Change (%)	Number of Days	% of Total Sessions
20 – 21%	1	0.16%
16 – 17%	1	0.16%
12 – 13%	1	0.16%
11 – 12%	5	0.79%
10 – 11%	1	0.16%
9 – 10%	3	0.47%
8 – 9%	2	0.31%
7 – 8%	3	0.47%
6 – 7%	7	1.10%
5 – 6%	6	0.94%
4 – 5%	8	1.26%
3 – 4%	15	2.36%
2 – 3%	39	6.13%
1 – 2%	65	10.22%
0 – 1%	143	22.48%
0%	28	4.40%
0 – -1%	125	19.65%
-1 – -2%	82	12.89%
-2 – -3%	46	7.23%
-3 – -4%	21	3.30%
-4 – -5%	9	1.42%
-5 – -6%	4	0.63%
-6 – -7%	4	0.63%
-7 – -8%	5	0.79%
-8 – -9%	2	0.31%
-9 – -10%	3	0.47%
-10 – -11%	2	0.31%
-11 – -12%	1	0.16%
-13 – -14%	1	0.16%
-16 – -17%	1	0.16%
-28 – -29%	1	0.16%
-30 – -31%	1	0.16%

Table 2. Statistics of RVI: 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 RVI.

46.8% of the time (298 days), RVI closed above the opening price. 48.5% of the time (309 days), it closed below the opening price. 4.7% of the time (30 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
14 – 15%	2	0.31%
11 – 12%	2	0.31%
9 – 10%	2	0.31%
8 – 9%	1	0.16%
7 – 8%	5	0.78%
6 – 7%	3	0.47%
5 – 6%	3	0.47%
4 – 5%	9	1.41%
3 – 4%	15	2.35%
2 – 3%	44	6.91%
1 – 2%	74	11.62%
0 – 1%	138	21.66%
0%	30	4.71%
0 – -1%	131	20.57%
-1 – -2%	89	13.97%
-2 – -3%	49	7.69%
-3 – -4%	14	2.20%
-4 – -5%	7	1.10%
-5 – -6%	5	0.78%
-6 – -7%	2	0.31%
-7 – -8%	2	0.31%
-8 – -9%	4	0.63%
-9 – -10%	3	0.47%
-10 – -11%	1	0.16%
-24 – -25%	1	0.16%
-30 – -31%	1	0.16%

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

In the past 637 trading days, RVI opened more than 5% higher than the previous day's closing price 3 times. Of these days, 100.0% (3 days) had closing prices above the opening price, and 0.0% (0 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	1	33.33%
1 – 2%	2	66.67%

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

On 5 days, RVI opened 4–5% higher than the previous day's closing price. Of these days, 100.0% (5 days) had closing prices above the opening price, and 0.0% (0 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
14 – 15%	1	20.00%
4 – 5%	1	20.00%
3 – 4%	2	40.00%
0 – 1%	1	20.00%

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

12 times RVI opened 3 – 4% higher than the previous day's closing price. Among these days, 50.0% (6 days) closed above the opening price, 50.0% (6 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
7 – 8%	4	33.33%
3 – 4%	1	8.33%
2 – 3%	1	8.33%
0 – -1%	1	8.33%
-1 – -2%	2	16.67%
-2 – -3%	1	8.33%
-3 – -4%	1	8.33%
-10 – -11%	1	8.33%

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

15 times RVI opened 2 – 3% higher than the previous day's closing price. Among these days, 53.3% (8 days) closed above the opening price, 40.0% (6 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	1	6.67%
3 – 4%	1	6.67%
2 – 3%	2	13.33%
1 – 2%	3	20.00%
0 – 1%	1	6.67%
0%	1	6.67%
-1 – -2%	2	13.33%
-2 – -3%	1	6.67%
-3 – -4%	1	6.67%
-5 – -6%	1	6.67%
-6 – -7%	1	6.67%

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

34 times RVI opened 1 – 2% higher than the previous day's closing price. Among these days, 38.2% (13 days) closed above the opening price, 58.8% (20 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
14 – 15%	1	2.94%
3 – 4%	1	2.94%
2 – 3%	3	8.82%
1 – 2%	4	11.76%
0 – 1%	4	11.76%
0%	1	2.94%
0 – -1%	1	2.94%
-1 – -2%	8	23.53%
-2 – -3%	7	20.59%
-3 – -4%	2	5.88%
-4 – -5%	1	2.94%
-8 – -9%	1	2.94%

Table 8. Periods when RVI moved 15% or more

In this table, we track the price movements in the 20 days after RVI 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
20200323	20%	9.0	5.9	-5.0	-5.1	7.3	15.1	5.3
20200427	16.2%	11.4	8.4	-2.6	3.2	-9.6	-4.6	-3.1
20200312	-16.9%	11.1	-24.3	-41.0	-35.9	-35.3	-47.9	-39.4
20200318	-28.9%	-6.1	-15.0	-17.4	-25.9	-26.0	-16.3	-10.3
20200320	-30.8%	20.1	30.5	31.6	6.0	23.3	30.9	21.9

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

Of the 637 trading days from 2018 to 2020, there were 2 days in which RVI was up more than 15%. This table shows the average price changes over the 2 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	10.2	7.1	-3.8	-.9	-1.1	5.3	1.1

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

Of the 637 trading days from 2018 to 2020, there were 3 days in which RVI 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%	8.3	-2.9	-8.9	-18.6	-12.7	-11.1	-9.2

Table 9. Periods when RVI moved 10% or more

In this table, we track the price movements in the 20 days after RVI 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
20200323	20%	9.0	5.9	-5.0	-5.1	7.3	15.1	5.3
20200427	16.2%	11.4	8.4	-2.6	3.2	-9.6	-4.6	-3.1
20201109	12.7%	2.7	.8	5.2	7.8	10.9	3.1	8.6
20200508	11.4%	-11.7	-22.7	-18.4	-17.1	-10.1	-10.6	-.4
20200428	11.3%	11.4	-5.9	-5.8	-12.8	-18.6	-10.8	-13.0
20200429	11.3%	-4.0	-16.3	-5.8	-27.0	-21.0	-20.9	-20.4
20200313	11%	-10.6	-36.0	-42.1	-43.7	-49.5	-49.6	-43.0
20200423	11%	.4	44.8	22.3	22.4	13.4	5.8	15.9
20200925	10.7%	4.5	4.0	8.7	7.3	2.1	2.0	6.0
20200316	-10.5%	7.2	-50.5	-36.9	-33.2	-45.3	-40.2	-36.2
20200420	-10.6%	-3.9	-.7	43.3	21.0	21.1	12.2	4.7
20200511	-11.6%	-5.9	-12.2	-3.7	-6.1	-5.5	6.7	23.7
20200401	-13.3%	-3.2	5.8	13.0	16.2	-.9	-2.0	27.4
20200312	-16.9%	11.1	-24.3	-41.0	-35.9	-35.3	-47.9	-39.4
20200318	-28.9%	-6.1	-15.0	-17.4	-25.9	-26.0	-16.3	-10.3
20200320	-30.8%	20.1	30.5	31.6	6.0	23.3	30.9	21.9

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

Of the 637 trading days from 2018 to 2020, there were 9 days in which RVI was up more than 10%. This table shows the average price changes over the 9 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	1.4	-1.9	-4.8	-7.2	-8.4	-7.8	-4.9

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

Of the 637 trading days from 2018 to 2020, there were 7 days in which RVI was down more than -10%. This table shows the average price changes over the 7 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	2.8	-9.5	-1.6	-8.3	-9.8	-8.1	-1.2

Table 10. Periods when RVI moved 5% or more

In this table, we track the price movements in the 20 days after RVI 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
20200323	20%	9.0	5.9	-5.0	-5.1	7.3	15.1	5.3
20200427	16.2%	11.4	8.4	-2.6	3.2	-9.6	-4.6	-3.1
20201109	12.7%	2.7	.8	5.2	7.8	10.9	3.1	8.6
20200508	11.4%	-11.7	-22.7	-18.4	-17.1	-10.1	-10.6	-.4
20200428	11.3%	11.4	-5.9	-5.8	-12.8	-18.6	-10.8	-13.0
20200429	11.3%	-4.0	-16.3	-5.8	-27.0	-21.0	-20.9	-20.4
20200313	11%	-10.6	-36.0	-42.1	-43.7	-49.5	-49.6	-43.0
20200423	11%	.4	44.8	22.3	22.4	13.4	5.8	15.9
20200925	10.7%	4.5	4.0	8.7	7.3	2.1	2.0	6.0
20200605	9.6%	5.0	-15.5	-15.3	-18.8	-21.4	-19.5	-18.0
20200601	9.5%	5.4	22.1	10.5	.9	-2.4	-.2	-2.7
20200324	9%	-2.7	3.0	-15.7	-7.8	-1.6	1.2	-13.7
20200806	8.7%	1.9	-1.4	-1.5	-2.5	-2.6	-4.3	-7.8
20200518	8%	-2.6	-1.1	7.2	6.7	18.9	30.7	13.4
20200507	7.6%	11.5	-13.7	-6.6	-6.4	-5.9	-9.0	8.1
20200406	7.4%	5.9	13.1	16.3	-.8	-1.9	27.5	24.1
20200317	7.2%	-28.9	-44.6	-39.8	-39.3	-51.1	-43.1	-39.6
20201204	6.9%
20201113	6.7%	4.3	5.5	11.4	10.5	6.2	6.4	5.5
20201002	6.5%	.3	.8	-5.3	-7.5	-6.6	-3.5	-8.2
20200527	6.4%	-7.1	4.9	21.6	10.0	.4	-2.8	-.6
20180706	6%	-1.5	-.2	-3.1	-5.5	-4.3	-10.3	-6.8
20200310	6%	-1.4	-18.6	-41.8	-47.3	-48.8	-54.1	-54.1
20200330	6%	-2.5	-21.4	-8.6	-2.9	-9.6	-19.5	-16.8
20200407	5.9%	2.1	8.5	1.0	-10.1	-7.0	34.1	13.3
20190108	5.5%	-.7	2.9	2.7	-1.3	4.3	2.7	4.3
20200414	5.5%	-4.1	-18.3	-19.1	5.1	2.3	-8.1	-2.6
20200602	5.3%	2.9	21.7	-2.1	-1.8	-5.8	-8.9	-6.7
20200608	5%	-4.5	-17.2	-22.7	-23.0	-23.9	-24.1	-22.5
20200804	5%	-2.6	5.4	.7	1.3	.0	-1.4	-1.3
20200615	-5%	2.6	-1.6	-4.8	-2.6	-.7	-7.2	-7.9
20201203	-5.1%
20201013	-5.4%	-2.7	-2.8	1.0	-3.0	-4.8	-1.1	5.1
20200512	-5.9%	-6.8	.8	1.0	1.6	-1.8	16.7	38.1
20200319	-6.1%	-30.8	-11.9	-6.7	-23.6	-16.5	-10.8	-8.3
20200506	-6.2%	7.7	-.3	-6.9	2.0	-.5	.2	13.1
20200611	-6.6%	3.0	-3.8	-4.3	-5.4	-5.6	-3.6	-11.0
20200513	-6.7%	-.2	5.4	7.0	16.0	15.5	28.6	41.4
20200528	-7.1%	-2.2	16.2	37.5	10.5	10.9	6.3	2.9
20200422	-7.3%	11.1	44.4	40.6	26.3	33.8	17.2	23.7
20191125	-7.5%	.3	.2	-.5	.8	1.9	1.0	2.3
20201201	-7.5%
20200228	-7.6%	1.3	-10.0	-16.8	-24.3	-48.4	-59.8	-56.3
20200416	-8%	3.7	-17.4	7.0	27.5	11.2	25.1	-3.1
20200501	-8.9%	-3.3	-3.3	-10.4	-16.4	-8.4	-10.6	-10.0
20200309	-9.1%	6.0	-3.5	-34.3	-48.7	-44.3	-43.8	-54.7
20200305	-9.7%	-4.0	-8.8	-24.8	-46.2	-51.2	-52.6	-57.5
20200610	-9.7%	-6.6	-6.3	-10.2	-13.1	-11.0	-9.3	-15.3
20200316	-10.5%	7.2	-50.5	-36.9	-33.2	-45.3	-40.2	-36.2
20200420	-10.6%	-3.9	-.7	43.3	21.0	21.1	12.2	4.7
20200511	-11.6%	-5.9	-12.2	-3.7	-6.1	-5.5	6.7	23.7
20200401	-13.3%	-3.2	5.8	13.0	16.2	-.9	-2.0	27.4
20200312	-16.9%	11.1	-24.3	-41.0	-35.9	-35.3	-47.9	-39.4
20200318	-28.9%	-6.1	-15.0	-17.4	-25.9	-26.0	-16.3	-10.3
20200320	-30.8%	20.1	30.5	31.6	6.0	23.3	30.9	21.9

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

Of the 637 trading days from 2018 to 2020, there were 30 days in which RVI was up more than 5%. This table shows the average price changes over the 30 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-.2	-2.8	-5.1	-6.9	-7.9	-5.9	-5.9

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

Of the 637 trading days from 2018 to 2020, there were 25 days in which RVI was down more than -5%. This table shows the average price changes over the 25 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	.4	-2.4	-1.4	-6.3	-7.5	-6.4	-4.2

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Also see: VIX price movement study.