Here is a quick analysis of how many days it takes all stocks to go up or down for percentages: 1%, 2%, 3%, 5% and 10%. This is an average for the current list of stocks in the S & P 100; the study cover the closing price for the last 3000 calendar days.
So if you want to wait for a stock to go up 3% you must wait, on average 9 days. And contrary to this for a stock to fall 3% you must wait a little more than 8.7 days - on average.
And here are the total number of events for each percentage:
It seems logical that the higher the percentage the more up events than down events because in the long term the market is up; and more often.
No comments:
Post a Comment