|Stocks listed in S&P500 in 2008|
A classified event is anytime when the closing stock price for a particular stock falls below $5.
On the horizontal axis is backward looking and forward looking # of days from the event. Individual Stock returns comparison is against SPY.
Vertical bars represent the standard deviation of returns for those days.
|Stocks listed in S&P500 in 2012|
2. The fall in stock price at the time of event is much steeper in 2008. Periods of higher volatility.
3. Slightly higher cumulative return for the lower graph with 2012 S&P 500 stocks.
4. If you went long at the occurrence of event , you would get a return of approx 5% in 20 days. (2012 S&P 500 stocks)