Stock performance. The following table displays information for 470 of the S&P 500 stocks, on how their
Question:
Stock performance. The following table displays information for 470 of the S&P 500 stocks, on how their one-day change on a day on which the S&P 500 index gained 1.23% compared with their year-to-date change.
Year to Date Positive Change Negative Change Single Day Positive Change 164 233 Negative Change 48 25
a) What percent of the companies reported a positive change in their stock price over the year to date?
b) What percent of the companies reported a positive change in their stock price over both time periods?
c) What percent of the companies reported a negative change in their stock price over both time periods?
d) What percent of the companies reported a positive change in their stock price over one period and a negative change in the other period?
e) Among those companies reporting a positive change in their stock price over the prior day what percentage also reported a positive change over the year to date?
f) Among those companies reporting a negative change in their stock price over the prior day what percentage reported a positive change over the year to date?
g) What relationship, if any, do you see between the performance of a stock on a single day and its year-to-date performance?
Step by Step Answer:
Business Statistics
ISBN: 9781292269313
4th Global Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman