Statistics of Price Movements of Schwab 5-10 Year Corp Bond ETF (SCHI)

The price movements of Schwab 5-10 Year Corp Bond ETF (ticker SCHI) 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 SCHI 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 SCHI had a big price move
  • Table 11. Statistics of daily price changes in the 20 days after SCHI moved 5% with twice the 30-day average volume

The statistics are calculated using SCHI's price data across 305 trading days from 2019 to 2020.

Table 1. Statistics of SCHI 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 305 trading days, 53.9% of the time (164 days), SCHI closed above the previous day's closing price. 43.1% of the time (131 days), it closed below the previous day's closing price. 3.0% of the time (9 days), it did not change.

Also see: VIX price movement study.

SCHI Price Change (%) Number of Days % of Total Sessions
5 – 6% 1
0.33%
3 – 4% 1
0.33%
2 – 3% 2
0.66%
1 – 2% 3
0.99%
0 – 1% 157
51.64%
0% 9
2.96%
0 – -1% 123
40.46%
-1 – -2% 3
0.99%
-2 – -3% 2
0.66%
-3 – -4% 2
0.66%
-4 – -5% 1
0.33%

Table 2. Statistics of SCHI: 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 SCHI.

44.6% of the time (136 days), SCHI closed above the opening price. 50.2% of the time (153 days), it closed below the opening price. 5.2% of the time (16 days), it closed where it started.

Closing - Open (%) Number of Days % of Total Sessions
2 – 3% 1
0.33%
1 – 2% 5
1.64%
0 – 1% 130
42.62%
0% 16
5.25%
0 – -1% 147
48.20%
-1 – -2% 2
0.66%
-2 – -3% 4
1.31%

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

In the past 305 trading days, SCHI 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 SCHI opened 4–5% higher

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

1 times SCHI opened 3 – 4% 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 6. Closing vs. open when SCHI open 2 – 3% higher

2 times SCHI opened 2 – 3% higher than the previous day's closing price. Among these days, 50.0% (1 days) closed above the opening price, 50.0% (1 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
0 – 1% 1
50.00%
0 – -1% 1
50.00%

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

2 times SCHI opened 1 – 2% higher than the previous day's closing price. Among these days, 50.0% (1 days) closed above the opening price, 50.0% (1 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
1 – 2% 1
50.00%
-2 – -3% 1
50.00%

Table 8. Periods when SCHI moved 15% or more

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

DatePrice ChangePrice Change after 15% Move
Days after:14710131619

Table 9. Periods when SCHI moved 10% or more

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

DatePrice ChangePrice Change after 10% Move
Days after:14710131619

Table 10. Periods when SCHI moved 5% or more

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

DatePrice ChangePrice Change after 5% Move
Days after:14710131619
202003235.3% .1 3.2 3.8 4.8 9.2 9.5 9.9

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Also see: VIX price movement study.