Statistics of Price Movements of Cloud Computing ETF FT (SKYY)

The price movements of Cloud Computing ETF FT (ticker SKYY) 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 SKYY 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 SKYY had a big price move
• Table 11. Statistics of daily price changes in the 20 days after SKYY moved 5% with twice the 30-day average volume

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

Table 1. Statistics of SKYY 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, 55.0% of the time (850 days), SKYY closed above the previous day's closing price. 40.7% of the time (629 days), it closed below the previous day's closing price. 4.3% of the time (67 days), it did not change.

Also see: VIX price movement study.

SKYY Price Change (%)	Number of Days	% of Total Sessions
8 – 9%	1	0.06%
7 – 8%	3	0.19%
6 – 7%	1	0.06%
5 – 6%	2	0.13%
4 – 5%	5	0.32%
3 – 4%	10	0.65%
2 – 3%	44	2.85%
1 – 2%	202	13.07%
0 – 1%	582	37.65%
0%	67	4.33%
0 – -1%	418	27.04%
-1 – -2%	127	8.21%
-2 – -3%	56	3.62%
-3 – -4%	13	0.84%
-4 – -5%	8	0.52%
-5 – -6%	4	0.26%
-7 – -8%	1	0.06%
-9 – -10%	1	0.06%
-10 – -11%	1	0.06%

Table 2. Statistics of SKYY: 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 SKYY.

49.6% of the time (767 days), SKYY closed above the opening price. 45.6% of the time (706 days), it closed below the opening price. 4.8% of the time (74 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
5 – 6%	1	0.06%
4 – 5%	3	0.19%
3 – 4%	9	0.58%
2 – 3%	30	1.94%
1 – 2%	148	9.57%
0 – 1%	576	37.23%
0%	74	4.78%
0 – -1%	509	32.90%
-1 – -2%	140	9.05%
-2 – -3%	37	2.39%
-3 – -4%	15	0.97%
-4 – -5%	4	0.26%
-5 – -6%	1	0.06%

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

In the past 1,547 trading days, SKYY opened more than 5% higher than the previous day's closing price 3 times. Of these days, 66.7% (2 days) had closing prices above the opening price, and 33.3% (1 days) had closing prices below the opening price.

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

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

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

2 times SKYY opened 3 – 4% higher than the previous day's closing price. Among these days, 100.0% (2 days) closed above the opening price, 0.0% (0 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	1	50.00%
0 – 1%	1	50.00%

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

20 times SKYY opened 2 – 3% higher than the previous day's closing price. Among these days, 40.0% (8 days) closed above the opening price, 60.0% (12 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
5 – 6%	1	5.00%
1 – 2%	2	10.00%
0 – 1%	5	25.00%
0 – -1%	2	10.00%
-1 – -2%	3	15.00%
-2 – -3%	1	5.00%
-3 – -4%	6	30.00%

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

80 times SKYY opened 1 – 2% higher than the previous day's closing price. Among these days, 53.8% (43 days) closed above the opening price, 46.3% (37 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	3	3.75%
1 – 2%	12	15.00%
0 – 1%	28	35.00%
0 – -1%	23	28.75%
-1 – -2%	9	11.25%
-2 – -3%	4	5.00%
-4 – -5%	1	1.25%

Table 8. Periods when SKYY moved 15% or more

In this table, we track the price movements in the 20 days after SKYY 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

Table 9. Periods when SKYY moved 10% or more

In this table, we track the price movements in the 20 days after SKYY 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
20200316	-10.9%	7.2	6.5	14.9	20.2	13.2	17.7	22.9

Table 10. Periods when SKYY moved 5% or more

In this table, we track the price movements in the 20 days after SKYY 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
20200324	8.3%	-.6	3.9	-2.1	1.8	6.4	10.2	14.9
20201109	7.6%	-2.0	1.1	1.6	5.3	7.7	9.3	11.3
20200313	7.5%	-10.9	-4.1	2.9	4.1	1.0	5.5	9.5
20200317	7.2%	-1.9	-.5	13.0	10.5	3.8	13.3	15.5
20200406	6.5%	-.6	3.8	7.5	12.1	10.2	11.4	10.3
20181226	5.4%	.8	1.3	2.7	7.0	6.6	9.1	8.3
20200326	5.4%	-3.5	-6.4	-2.2	1.4	6.3	9.0	7.9
20160624	-5%	-3.4	1.2	.7	3.8	5.3	6.3	7.0
20200311	-5.2%	-9.6	-7.1	-7.7	-.4	4.1	-1.9	2.0
20200611	-5.5%	1.6	5.7	8.4	8.3	9.4	11.2	14.4
20200903	-5.6%	-2.7	-4.5	-2.8	-4.9	-5.9	-3.1	-1.5
20200309	-7.5%	4.3	-3.9	-10.0	-8.7	3.7	1.4	-4.8
20200312	-9.5%	7.6	.7	2.2	16.1	13.5	6.6	16.4
20200316	-10.9%	7.2	6.5	14.9	20.2	13.2	17.7	22.9

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

Of the 1,547 trading days from 2015 to 2020, there were 7 days in which SKYY was up more than 5%. 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 ≥ 5%	-2.7	-.1	3.4	6.0	6.0	9.7	11.1

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

Of the 1,547 trading days from 2015 to 2020, there were 7 days in which SKYY was down more than -5%. 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 ≥ -5%	.7	-.2	.8	4.9	6.2	5.5	8.1

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Also see: VIX price movement study.