Statistics of Price Movements of SPDR Emerging Markets Portfolio ETF (SPEM)

The price movements of SPDR Emerging Markets Portfolio ETF (ticker SPEM) 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 SPEM 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 SPEM had a big price move
  • Table 11. Statistics of daily price changes in the 20 days after SPEM moved 5% with twice the 30-day average volume

The statistics are calculated using SPEM's price data across 823 trading days from 2017 to 2020.

Table 1. Statistics of SPEM 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 823 trading days, 51.5% of the time (423 days), SPEM closed above the previous day's closing price. 43.9% of the time (361 days), it closed below the previous day's closing price. 4.6% of the time (38 days), it did not change.

Also see: VIX price movement study.

SPEM Price Change (%) Number of Days % of Total Sessions
6 – 7% 2
0.24%
5 – 6% 2
0.24%
4 – 5% 3
0.36%
3 – 4% 6
0.73%
2 – 3% 22
2.68%
1 – 2% 103
12.53%
0 – 1% 285
34.67%
0% 38
4.62%
0 – -1% 226
27.49%
-1 – -2% 95
11.56%
-2 – -3% 22
2.68%
-3 – -4% 11
1.34%
-4 – -5% 2
0.24%
-5 – -6% 1
0.12%
-7 – -8% 2
0.24%
-9 – -10% 1
0.12%
-11 – -12% 1
0.12%

Table 2. Statistics of SPEM: 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 SPEM.

47.8% of the time (393 days), SPEM closed above the opening price. 47.1% of the time (388 days), it closed below the opening price. 5.1% of the time (42 days), it closed where it started.

Closing - Open (%) Number of Days % of Total Sessions
2 – 3% 8
0.97%
1 – 2% 45
5.47%
0 – 1% 340
41.31%
0% 42
5.10%
0 – -1% 321
39.00%
-1 – -2% 58
7.05%
-2 – -3% 7
0.85%
-3 – -4% 1
0.12%
-4 – -5% 1
0.12%

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

In the past 823 trading days, SPEM opened more than 5% higher than the previous day's closing price 2 times. Of these days, 50.0% (1 days) had closing prices above the opening price, and 50.0% (1 days) had closing prices below the opening price.

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

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

On 2 days, SPEM opened 4–5% higher than the previous day's closing price. Of these days, 50.0% (1 days) had closing prices above the opening price, and 50.0% (1 days) had closing prices below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
0 – 1% 1
50.00%
-4 – -5% 1
50.00%

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

4 times SPEM opened 3 – 4% higher than the previous day's closing price. Among these days, 50.0% (2 days) closed above the opening price, 50.0% (2 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
1 – 2% 1
25.00%
0 – 1% 1
25.00%
-2 – -3% 2
50.00%

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

14 times SPEM opened 2 – 3% higher than the previous day's closing price. Among these days, 50.0% (7 days) closed above the opening price, 50.0% (7 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
2 – 3% 1
7.14%
1 – 2% 1
7.14%
0 – 1% 5
35.71%
0 – -1% 6
42.86%
-1 – -2% 1
7.14%

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

77 times SPEM opened 1 – 2% higher than the previous day's closing price. Among these days, 55.8% (43 days) closed above the opening price, 44.2% (34 days) closed below the opening price.

Closing - Open (%) Number of Days % of Total Sessions
2 – 3% 2
2.60%
1 – 2% 9
11.69%
0 – 1% 32
41.56%
0 – -1% 29
37.66%
-1 – -2% 5
6.49%

Table 8. Periods when SPEM moved 15% or more

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

DatePrice ChangePrice Change after 15% Move
Days after:14710131619

Table 9. Periods when SPEM moved 10% or more

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

DatePrice ChangePrice Change after 10% Move
Days after:14710131619
20200316-11.3% 5.4 -2.2 5.4 5.3 5.1 9.0 10.0

Table 10. Periods when SPEM moved 5% or more

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

DatePrice ChangePrice Change after 5% Move
Days after:14710131619
202003136.4% -11.4 -13.2 -9.5 -8.1 -9.5 -4.3 -2.5
202003246.3% 3.3 3.1 3.0 6.8 7.7 7.9 9.3
202003175.4% -7.5 -8.9 4.1 .6 -2.1 4.3 4.8
202003105% -4.2 -18.3 -20.1 -16.6 -15.3 -16.7 -11.8
20200327-5.5% 1.5 1.4 5.1 6.0 6.2 7.6 6.8
20200309-7.1% 5.1 -3.2 -16.3 -17.6 -5.8 -9.0 -11.4
20200318-7.5% .4 4.7 6.4 4.7 10.8 12.8 15.6
20200312-9.6% 6.5 -8.0 -9.4 3.6 .1 -2.6 3.8
20200316-11.3% 5.4 -2.2 5.4 5.3 5.1 9.0 10.0

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

Of the 823 trading days from 2017 to 2020, there were 4 days in which SPEM was up more than 5%. This table shows the average price changes over the 4 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ 5% -4.9 -9.3 -5.6 -4.3 -4.8 -2.2 -.0

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

Of the 823 trading days from 2017 to 2020, there were 5 days in which SPEM was down more than -5%. This table shows the average price changes over the 5 days.

Average TypeAverage Price Change
Days after:14710131619
Avg for Change ≥ -5% 3.8 -1.5 -1.8 .4 3.3 3.6 5.0

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Also see: VIX price movement study.