+1 sessions
Median return +0.01%Completed observations: 53
- Middle 50%
- -1.78% … +1.54%
- Positive returns
- 51%
Alibaba · Sigma Moves
Closed-period price moves, measured against their own history. One engine. Five markets. No forecasts.
Latest closed period
Alibaba's latest move against its own history.
BABA Below threshold
-2.07%
-0.91σ
Common move: this size or larger in 29% of observations
365 comparable moves / 1,254 observations
What happened afterwards
All history-qualified moves of at least 2.5σ. Results after the event are descriptive statistics, not trading instructions.
+7 sessions
Median return +2.12%Completed observations: 53
- Middle 50%
- -3.00% … +6.94%
- Positive returns
- 62%
+30 sessions
Median return -3.39%Completed observations: 53
- Middle 50%
- -8.69% … +10.72%
- Positive returns
- 40%
Every rare move, in context
Instrument: BABA (price return)
| Date | σ | Move | Observed rarity | +1 sessions | +7 sessions | +30 sessions |
|---|---|---|---|---|---|---|
| 21 Aug 2026 | -3.72σ | -8.57% | About once every 139 trading sessions9 comparable moves / 1,254 observations | -0.73% | -5.44% | -7.16% |
| 8 Jul 2026 | +4.63σ | +11.05% | About once every 251 trading sessions5 comparable moves / 1,254 observations | +1.98% | +5.50% | +18.28% |
| 13 May 2026 | +3.22σ | +8.18% | About once every 60 trading sessions21 comparable moves / 1,255 observations | -3.22% | -10.84% | -34.98% |
| 6 May 2026 | +3.13σ | +6.94% | About once every 50 trading sessions25 comparable moves / 1,255 observations | -0.31% | -6.26% | -24.28% |
| 19 Mar 2026 | -3.63σ | -7.09% | About once every 105 trading sessions12 comparable moves / 1,255 observations | -1.99% | -2.34% | +5.28% |
| 12 Jan 2026 | +3.71σ | +10.17% | About once every 126 trading sessions10 comparable moves / 1,255 observations | +0.42% | +6.54% | -8.44% |
| 2 Jan 2026 | +3.26σ | +6.25% | About once every 66 trading sessions19 comparable moves / 1,255 observations | +0.33% | +7.24% | -0.20% |
| 10 Oct 2025 | -2.78σ | -8.45% | About once every 40 trading sessions31 comparable moves / 1,255 observations | +4.91% | +4.82% | -3.82% |
| 29 Aug 2025 | +5.70σ | +12.90% | 3 times in 5 years3 comparable moves / 1,255 observations | +2.63% | +6.61% | +23.56% |
| 15 Jul 2025 | +3.56σ | +8.09% | About once every 84 trading sessions15 comparable moves / 1,255 observations | -1.06% | +3.57% | +6.17% |
| 4 Apr 2025 | -3.47σ | -9.89% | About once every 84 trading sessions15 comparable moves / 1,256 observations | -9.06% | -3.66% | +5.51% |
| 24 Feb 2025 | -2.92σ | -10.23% | About once every 45 trading sessions28 comparable moves / 1,257 observations | +3.85% | +9.29% | -17.87% |
| 20 Feb 2025 | +2.52σ | +8.09% | About once every 27 trading sessions46 comparable moves / 1,257 observations | +5.72% | -3.79% | -4.88% |
| 10 Feb 2025 | +2.63σ | +7.55% | About once every 35 trading sessions36 comparable moves / 1,257 observations | +1.31% | +22.14% | +19.25% |
| 30 Jan 2025 | +2.54σ | +6.22% | About once every 29 trading sessions43 comparable moves / 1,257 observations | -3.80% | +8.35% | +37.34% |
| 28 Jan 2025 | +3.40σ | +6.71% | About once every 74 trading sessions17 comparable moves / 1,257 observations | +0.72% | +4.53% | +42.81% |
| 9 Dec 2024 | +3.36σ | +7.44% | About once every 74 trading sessions17 comparable moves / 1,258 observations | -2.70% | -7.93% | -3.44% |
| 26 Sep 2024 | +3.63σ | +10.07% | About once every 105 trading sessions12 comparable moves / 1,258 observations | +2.15% | +11.85% | -4.69% |
| 24 Sep 2024 | +3.78σ | +7.88% | About once every 126 trading sessions10 comparable moves / 1,258 observations | -1.78% | +16.10% | +2.08% |
| 19 Sep 2024 | +2.66σ | +4.82% | About once every 38 trading sessions33 comparable moves / 1,258 observations | -0.23% | +19.92% | +10.72% |
| 16 Aug 2024 | +2.93σ | +4.58% | About once every 55 trading sessions23 comparable moves / 1,258 observations | +0.88% | -2.08% | +27.58% |
| 14 May 2024 | -2.58σ | -6.02% | About once every 34 trading sessions37 comparable moves / 1,259 observations | +1.86% | +1.62% | -8.98% |
| 13 May 2024 | +2.71σ | +5.70% | About once every 41 trading sessions31 comparable moves / 1,259 observations | -6.02% | -2.27% | -12.33% |
| 2 May 2024 | +3.56σ | +6.38% | About once every 105 trading sessions12 comparable moves / 1,259 observations | +1.24% | +5.32% | -8.69% |
| 12 Apr 2024 | -3.13σ | -4.76% | About once every 66 trading sessions19 comparable moves / 1,258 observations | -0.94% | +1.71% | +13.99% |
| 23 Jan 2024 | +4.04σ | +7.85% | About once every 157 trading sessions8 comparable moves / 1,258 observations | +1.59% | -2.11% | -0.42% |
| 16 Nov 2023 | -5.41σ | -9.14% | 3 times in 5 years3 comparable moves / 1,257 observations | -1.91% | -3.00% | -5.50% |
| 22 Sep 2023 | +2.59σ | +4.98% | About once every 36 trading sessions35 comparable moves / 1,257 observations | -1.22% | -4.26% | -3.39% |
| 7 Jul 2023 | +3.67σ | +8.00% | About once every 157 trading sessions8 comparable moves / 1,257 observations | +0.01% | +0.72% | -2.78% |
| 28 Mar 2023 | +6.00σ | +14.26% | 2 times in 5 years2 comparable moves / 1,258 observations | +1.54% | +4.41% | -15.70% |
| 4 Jan 2023 | +3.43σ | +12.98% | About once every 126 trading sessions10 comparable moves / 1,258 observations | +0.64% | +12.60% | -0.78% |
| 15 Nov 2022 | +2.56σ | +11.17% | About once every 31 trading sessions41 comparable moves / 1,258 observations | -1.44% | -4.79% | +12.40% |
| 24 Oct 2022 | -4.37σ | -12.51% | 3 times in 5 years3 comparable moves / 1,258 observations | +0.11% | +2.45% | +44.81% |
| 29 Jul 2022 | -3.20σ | -11.12% | About once every 101 trading sessions12 comparable moves / 1,212 observations | +1.09% | +2.04% | +5.95% |
| 8 Jun 2022 | +2.72σ | +14.67% | About once every 44 trading sessions27 comparable moves / 1,177 observations | -8.13% | -14.53% | -15.89% |
| 26 May 2022 | +3.19σ | +14.79% | About once every 97 trading sessions12 comparable moves / 1,169 observations | -1.13% | +10.41% | +15.59% |
| 16 Mar 2022 | +7.02σ | +36.76% | Not previously observed in 4 years0 comparable moves / 1,119 observations | -4.39% | +7.63% | -13.40% |
| 14 Mar 2022 | -2.83σ | -10.32% | About once every 56 trading sessions20 comparable moves / 1,117 observations | -1.29% | +50.77% | +8.01% |
| 10 Mar 2022 | -2.74σ | -7.94% | About once every 48 trading sessions23 comparable moves / 1,115 observations | -6.68% | +11.48% | -6.92% |
| 31 Jan 2022 | +2.54σ | +9.16% | About once every 31 trading sessions35 comparable moves / 1,088 observations | +1.14% | +0.56% | -38.98% |
| 30 Dec 2021 | +2.52σ | +9.72% | About once every 30 trading sessions36 comparable moves / 1,067 observations | -3.41% | +4.32% | -0.60% |
| 6 Dec 2021 | +2.58σ | +10.40% | About once every 33 trading sessions32 comparable moves / 1,050 observations | +1.57% | -0.91% | +3.35% |
| 3 Dec 2021 | -2.60σ | -8.23% | About once every 35 trading sessions30 comparable moves / 1,049 observations | +10.40% | +13.06% | +14.86% |
| 18 Nov 2021 | -4.64σ | -11.13% | 1 times in 4 years1 comparable moves / 1,039 observations | -2.27% | -11.19% | -16.17% |
| 7 Oct 2021 | +3.04σ | +8.26% | About once every 72 trading sessions14 comparable moves / 1,009 observations | +3.54% | +6.94% | -7.95% |
| 19 Aug 2021 | -2.91σ | -6.85% | About once every 57 trading sessions17 comparable moves / 975 observations | -1.61% | +1.08% | -10.18% |
| 26 Jul 2021 | -3.89σ | -7.15% | 4 times in 4 years4 comparable moves / 957 observations | -2.97% | +4.67% | -8.66% |
| 25 Jun 2021 | +3.19σ | +4.63% | About once every 104 trading sessions9 comparable moves / 937 observations | +0.04% | -8.97% | -14.55% |
| 13 May 2021 | -3.61σ | -6.28% | About once every 181 trading sessions5 comparable moves / 907 observations | +1.66% | +2.12% | +10.88% |
| 12 Apr 2021 | +4.13σ | +9.27% | 3 times in 4 years3 comparable moves / 884 observations | -0.87% | -5.97% | -13.76% |
| 24 Dec 2020 | -6.85σ | -13.34% | Not previously observed in 3 years0 comparable moves / 812 observations | +0.16% | +2.53% | +20.04% |
| 10 Nov 2020 | -2.91σ | -8.26% | About once every 71 trading sessions11 comparable moves / 781 observations | -0.33% | -2.49% | -3.89% |
| 3 Nov 2020 | -4.35σ | -8.13% | Not previously observed in 3 years0 comparable moves / 776 observations | +3.55% | -7.44% | -8.29% |
The number has a method behind it
Sigma measures the size of a log return relative to volatility estimated before the period. Rarity is counted from actual historical standardized moves, not inferred from a normal distribution.
σt = ln(Ct / Ct−1) / vtvt ← t−1, t−2, …
Volatility adapts to the market regime with EWMA (λ = 0.94 for daily and weekly observations). Current-period returns are excluded. Each historical σ uses its own prior volatility.
Both directions count toward rarity. Reference history spans up to five years. A period with no prior exceedances is labelled unprecedented in the observed sample; it is never given an invented recurrence interval.
Stock observations use split-adjusted price returns, without dividend reinvestment. Commodities are explicitly labelled ETF price proxies; they do not represent spot commodity prices.
Questions behind the sigma
What does a 3σ move mean?
The period log return is three times the volatility estimated from earlier periods. Sigma is signed: negative for declines and positive for rises.
Why not calculate rarity from a normal distribution?
Market returns have heavy tails and changing volatility. We count actual past absolute sigma exceedances for the same instrument and period.
Does “once every 200 days” predict the next event?
No. It is the number of historical observed periods divided by comparable moves. Events can cluster and the market regime can change.
How much history is required?
At least three years of valid standardized observations, after a one-year volatility warm-up. This normally requires approximately four years of source history.
Are all instruments directly comparable?
The engine is shared, but each instrument has its own prices, calendar, volatility and reference sample. Commodity cards use explicitly labelled ETF proxies.
What happens on quiet days?
The page shows the largest covered standardized move, the complete rarity scale and recent records. Missing data is reported separately from market calm.
For information only. Historical observations are not investment advice and do not predict future moves. A rare move can be followed by another rare move.