Statistics of Price Movements of Caleres Inc (CAL)

The price movements of Caleres Inc (ticker CAL) 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 CAL 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 CAL had a big price move
• Table 11. Statistics of daily price changes in the 20 days after CAL moved 5% with twice the 30-day average volume

The statistics are calculated using CAL's price data across 1,443 trading days from 2015 to 2020.

Table 1. Statistics of CAL 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 1,443 trading days, 48.4% of the time (698 days), CAL closed above the previous day's closing price. 47.9% of the time (691 days), it closed below the previous day's closing price. 3.7% of the time (53 days), it did not change.

Also see: VIX price movement study.

CAL Price Change (%)	Number of Days	% of Total Sessions
40 – 41%	1	0.07%
34 – 35%	1	0.07%
32 – 33%	1	0.07%
26 – 27%	1	0.07%
24 – 25%	3	0.21%
18 – 19%	1	0.07%
17 – 18%	1	0.07%
16 – 17%	1	0.07%
14 – 15%	2	0.14%
13 – 14%	2	0.14%
12 – 13%	2	0.14%
11 – 12%	2	0.14%
10 – 11%	2	0.14%
9 – 10%	4	0.28%
8 – 9%	5	0.35%
7 – 8%	9	0.62%
6 – 7%	15	1.04%
5 – 6%	10	0.69%
4 – 5%	34	2.36%
3 – 4%	61	4.23%
2 – 3%	98	6.80%
1 – 2%	179	12.41%
0 – 1%	263	18.24%
0%	53	3.68%
0 – -1%	234	16.23%
-1 – -2%	168	11.65%
-2 – -3%	114	7.91%
-3 – -4%	65	4.51%
-4 – -5%	38	2.64%
-5 – -6%	19	1.32%
-6 – -7%	21	1.46%
-7 – -8%	15	1.04%
-8 – -9%	4	0.28%
-9 – -10%	1	0.07%
-10 – -11%	1	0.07%
-11 – -12%	3	0.21%
-12 – -13%	1	0.07%
-13 – -14%	2	0.14%
-15 – -16%	1	0.07%
-20 – -21%	1	0.07%
-26 – -27%	1	0.07%
-29 – -30%	1	0.07%
-33 – -34%	1	0.07%

Table 2. Statistics of CAL: 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 CAL.

47.0% of the time (678 days), CAL closed above the opening price. 49.0% of the time (707 days), it closed below the opening price. 4.0% of the time (58 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
42 – 43%	1	0.07%
27 – 28%	1	0.07%
20 – 21%	2	0.14%
19 – 20%	1	0.07%
17 – 18%	1	0.07%
13 – 14%	2	0.14%
11 – 12%	2	0.14%
10 – 11%	3	0.21%
9 – 10%	1	0.07%
8 – 9%	5	0.35%
7 – 8%	9	0.62%
6 – 7%	10	0.69%
5 – 6%	11	0.76%
4 – 5%	25	1.73%
3 – 4%	52	3.60%
2 – 3%	103	7.14%
1 – 2%	176	12.20%
0 – 1%	273	18.92%
0%	58	4.02%
0 – -1%	274	18.99%
-1 – -2%	170	11.78%
-2 – -3%	119	8.25%
-3 – -4%	56	3.88%
-4 – -5%	39	2.70%
-5 – -6%	13	0.90%
-6 – -7%	9	0.62%
-7 – -8%	9	0.62%
-8 – -9%	5	0.35%
-10 – -11%	2	0.14%
-11 – -12%	3	0.21%
-12 – -13%	1	0.07%
-13 – -14%	3	0.21%
-14 – -15%	1	0.07%
-21 – -22%	1	0.07%
-23 – -24%	1	0.07%
-34 – -35%	1	0.07%

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

In the past 1,443 trading days, CAL opened more than 5% higher than the previous day's closing price 21 times. Of these days, 61.9% (13 days) had closing prices above the opening price, and 33.3% (7 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
27 – 28%	1	4.76%
20 – 21%	1	4.76%
8 – 9%	2	9.52%
6 – 7%	2	9.52%
5 – 6%	1	4.76%
4 – 5%	2	9.52%
3 – 4%	1	4.76%
2 – 3%	1	4.76%
0 – 1%	2	9.52%
0%	1	4.76%
-1 – -2%	1	4.76%
-4 – -5%	1	4.76%
-5 – -6%	1	4.76%
-7 – -8%	1	4.76%
-12 – -13%	1	4.76%
-13 – -14%	2	9.52%

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

On 11 days, CAL opened 4–5% higher than the previous day's closing price. Of these days, 54.5% (6 days) had closing prices above the opening price, and 36.4% (4 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
20 – 21%	1	9.09%
19 – 20%	1	9.09%
7 – 8%	1	9.09%
3 – 4%	1	9.09%
1 – 2%	1	9.09%
0 – 1%	1	9.09%
0%	1	9.09%
0 – -1%	1	9.09%
-2 – -3%	1	9.09%
-4 – -5%	1	9.09%
-6 – -7%	1	9.09%

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

13 times CAL opened 3 – 4% higher than the previous day's closing price. Among these days, 23.1% (3 days) closed above the opening price, 76.9% (10 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
13 – 14%	1	7.69%
3 – 4%	1	7.69%
0 – 1%	1	7.69%
0 – -1%	1	7.69%
-1 – -2%	4	30.77%
-2 – -3%	1	7.69%
-4 – -5%	1	7.69%
-5 – -6%	1	7.69%
-10 – -11%	1	7.69%
-14 – -15%	1	7.69%

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

22 times CAL opened 2 – 3% higher than the previous day's closing price. Among these days, 59.1% (13 days) closed above the opening price, 40.9% (9 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
10 – 11%	2	9.09%
5 – 6%	2	9.09%
4 – 5%	2	9.09%
3 – 4%	2	9.09%
2 – 3%	2	9.09%
1 – 2%	2	9.09%
0 – 1%	1	4.55%
0 – -1%	5	22.73%
-1 – -2%	1	4.55%
-3 – -4%	1	4.55%
-4 – -5%	1	4.55%
-8 – -9%	1	4.55%

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

85 times CAL opened 1 – 2% higher than the previous day's closing price. Among these days, 52.9% (45 days) closed above the opening price, 45.9% (39 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
7 – 8%	1	1.18%
6 – 7%	2	2.35%
5 – 6%	3	3.53%
4 – 5%	2	2.35%
3 – 4%	7	8.24%
2 – 3%	8	9.41%
1 – 2%	9	10.59%
0 – 1%	13	15.29%
0%	1	1.18%
0 – -1%	9	10.59%
-1 – -2%	11	12.94%
-2 – -3%	7	8.24%
-3 – -4%	1	1.18%
-4 – -5%	2	2.35%
-5 – -6%	1	1.18%
-6 – -7%	2	2.35%
-7 – -8%	3	3.53%
-8 – -9%	2	2.35%
-34 – -35%	1	1.18%

Table 8. Periods when CAL moved 15% or more

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

Date	Price Change	Price Change after 15% Move
Days after:		1	4	7	10	13	16	19
20200319	40.6%	6.2	29.3	12.9	-25.6	15.6	13.9	24.9
20200429	34.1%	-4.4	-22.6	-13.9	-30.7	-19.1	-19.7	-12.9
20200407	32%	6.1	2.9	-6.7	-5.9	-.4	52.5	27.0
20200324	26.5%	7.8	-5.9	-38.0	-3.6	-5.0	4.2	-2.1
20200406	24.9%	32.1	30.2	42.8	34.2	21.9	50.1	73.9
20201109	24.4%	4.1	.1	17.9	19.4	19.8	14.6	29.8
20190827	24%	3.5	6.6	11.2	21.2	17.6	15.4	21.6
20200902	18.2%	-3.2	-10.3	-4.5	5.4	1.5	-8.8	-7.6
20160527	17%	.0	-.9	-1.7	-2.7	-2.9	-3.7	-7.0
20200518	16.2%	-4.2	-1.3	21.1	9.0	38.3	47.4	12.7
20200611	-15.4%	3.5	14.2	8.3	6.7	11.6	6.4	-9.4
20200214	-20.4%	.0	-.4	-16.5	-19.2	-27.8	-36.1	-44.8
20200401	-26.7%	-6.0	45.9	43.8	57.7	48.3	34.6	65.9
20200316	-29%	-33.9	3.0	25.4	9.5	-27.8	12.1	10.5
20200317	-33.8%	4.3	39.0	85.7	58.5	2.7	79.9	74.4

Table 8a. CAL average price changes following a 15% up day

Of the 1,443 trading days from 2015 to 2020, there were 10 days in which CAL was up more than 15%. This table shows the average price changes over the 10 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	4.8	2.8	4.1	2.1	8.7	16.6	16.0

Table 8b. CAL average price changes following a 15% down day

Of the 1,443 trading days from 2015 to 2020, there were 5 days in which CAL was down more than -15%. This table shows the average price changes over the 5 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	-6.4	20.4	29.3	22.6	1.4	19.4	19.3

Table 9. Periods when CAL moved 10% or more

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

Date	Price Change	Price Change after 10% Move
Days after:		1	4	7	10	13	16	19
20200319	40.6%	6.2	29.3	12.9	-25.6	15.6	13.9	24.9
20200429	34.1%	-4.4	-22.6	-13.9	-30.7	-19.1	-19.7	-12.9
20200407	32%	6.1	2.9	-6.7	-5.9	-.4	52.5	27.0
20200324	26.5%	7.8	-5.9	-38.0	-3.6	-5.0	4.2	-2.1
20200406	24.9%	32.1	30.2	42.8	34.2	21.9	50.1	73.9
20201109	24.4%	4.1	.1	17.9	19.4	19.8	14.6	29.8
20190827	24%	3.5	6.6	11.2	21.2	17.6	15.4	21.6
20200902	18.2%	-3.2	-10.3	-4.5	5.4	1.5	-8.8	-7.6
20160527	17%	.0	-.9	-1.7	-2.7	-2.9	-3.7	-7.0
20200518	16.2%	-4.2	-1.3	21.1	9.0	38.3	47.4	12.7
20161123	14.2%	.0	.2	1.2	10.3	9.0	7.3	9.6
20201116	14.2%
20200508	13.3%	-6.0	-19.0	-10.0	-7.3	13.8	2.5	30.0
20200414	13.1%	-7.1	-12.7	-20.7	-2.3	13.1	-6.0	6.0
20200527	12.4%	-7.6	-5.1	22.6	6.4	3.4	2.4	1.7
20200901	12%	18.3	8.3	4.7	28.7	18.2	10.2	7.7
20200604	11.1%	7.4	-6.8	-9.5	-10.3	-11.0	-20.0	-16.5
20200615	11.1%	7.7	-7.0	-8.3	-6.9	-6.1	-15.0	-18.7
20200715	10.8%	1.9	-.4	-3.2	-7.7	-18.9	-17.7	-.4
20180314	10.5%	-2.3	2.4	.6	5.1	2.3	9.9	9.5
20200323	-10.7%	26.5	27.2	-16.4	-7.7	20.2	41.9	23.7
20200313	-11.1%	-29.0	-31.2	-17.5	-17.0	-45.5	-39.8	-21.6
20190801	-11.4%	-4.6	-9.5	-12.6	-11.7	-8.5	-10.3	17.6
20170317	-11.8%	-5.9	-4.8	-3.9	-5.5	-10.8	-8.7	-6.9
20200610	-12.5%	-15.5	4.6	-9.6	-10.9	-9.5	-8.7	-17.4
20200416	-13.6%	8.7	-1.7	16.4	56.3	26.4	40.7	13.3
20200513	-13.6%	.5	11.7	15.1	41.3	27.2	61.4	71.9
20200611	-15.4%	3.5	14.2	8.3	6.7	11.6	6.4	-9.4
20200214	-20.4%	.0	-.4	-16.5	-19.2	-27.8	-36.1	-44.8
20200401	-26.7%	-6.0	45.9	43.8	57.7	48.3	34.6	65.9
20200316	-29%	-33.9	3.0	25.4	9.5	-27.8	12.1	10.5
20200317	-33.8%	4.3	39.0	85.7	58.5	2.7	79.9	74.4

Table 9a. CAL average price changes following a 10% up day

Of the 1,443 trading days from 2015 to 2020, there were 20 days in which CAL was up more than 10%. This table shows the average price changes over the 20 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	3.2	-.3	1.2	1.8	5.8	7.4	9.8

Table 9b. CAL average price changes following a 10% down day

Of the 1,443 trading days from 2015 to 2020, there were 12 days in which CAL was down more than -10%. This table shows the average price changes over the 12 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	-4.3	8.2	9.9	13.2	.5	14.4	14.8

Table 10. Periods when CAL moved 5% or more

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

Date	Price Change	Price Change after 5% Move
Days after:		1	4	7	10	13	16	19
20200319	40.6%	6.2	29.3	12.9	-25.6	15.6	13.9	24.9
20200429	34.1%	-4.4	-22.6	-13.9	-30.7	-19.1	-19.7	-12.9
20200407	32%	6.1	2.9	-6.7	-5.9	-.4	52.5	27.0
20200324	26.5%	7.8	-5.9	-38.0	-3.6	-5.0	4.2	-2.1
20200406	24.9%	32.1	30.2	42.8	34.2	21.9	50.1	73.9
20201109	24.4%	4.1	.1	17.9	19.4	19.8	14.6	29.8
20190827	24%	3.5	6.6	11.2	21.2	17.6	15.4	21.6
20200902	18.2%	-3.2	-10.3	-4.5	5.4	1.5	-8.8	-7.6
20160527	17%	.0	-.9	-1.7	-2.7	-2.9	-3.7	-7.0
20200518	16.2%	-4.2	-1.3	21.1	9.0	38.3	47.4	12.7
20161123	14.2%	.0	.2	1.2	10.3	9.0	7.3	9.6
20201116	14.2%
20200508	13.3%	-6.0	-19.0	-10.0	-7.3	13.8	2.5	30.0
20200414	13.1%	-7.1	-12.7	-20.7	-2.3	13.1	-6.0	6.0
20200527	12.4%	-7.6	-5.1	22.6	6.4	3.4	2.4	1.7
20200901	12%	18.3	8.3	4.7	28.7	18.2	10.2	7.7
20200604	11.1%	7.4	-6.8	-9.5	-10.3	-11.0	-20.0	-16.5
20200615	11.1%	7.7	-7.0	-8.3	-6.9	-6.1	-15.0	-18.7
20200715	10.8%	1.9	-.4	-3.2	-7.7	-18.9	-17.7	-.4
20180314	10.5%	-2.3	2.4	.6	5.1	2.3	9.9	9.5
20170526	9.1%	.0	1.9	-2.9	1.6	2.1	-1.1	-4.9
20200526	9.1%	12.4	1.2	28.4	36.8	4.6	15.4	9.5
20200427	9%	4.6	21.2	.7	13.6	-2.2	8.8	12.1
20200810	9%	4.3	3.0	-4.7	-7.3	-.1	21.2	36.6
20200721	8.9%	.0	-9.3	-12.6	-15.1	-12.1	2.3	-1.3
20201022	8.9%	1.4	-9.9	-15.3	-10.0	12.8	8.5	27.8
20200417	8.6%	.2	-9.0	12.1	29.8	7.8	21.6	4.8
20201204	8.5%
20200603	8.2%	11.1	18.4	-9.5	-.1	-5.3	-6.7	-2.3
20200424	7.9%	9.0	46.4	18.4	31.8	6.1	23.8	22.9
20200914	7.8%	6.1	11.3	.5	-2.2	-.8	-2.0	1.9
20200325	7.7%	-2.1	-16.4	-45.8	-5.1	-8.0	-16.6	-15.9
20201119	7.7%
20170830	7.6%	1.0	.8	2.9	7.6	6.9	9.3	13.2
20200616	7.6%	-7.8	-12.5	-13.8	-9.8	-14.1	-26.8	-26.3
20200828	7.6%	.6	29.1	19.6	27.3	40.6	35.4	21.6
20200916	7.4%	-3.1	-6.7	-16.2	-15.1	-9.7	-9.7	-16.7
20200605	7.3%	6.6	-26.7	-9.2	-21.6	-22.7	-21.5	-20.8
20160831	6.9%	-5.0	-5.1	-4.9	-4.6	-3.0	-2.4	-2.7
20201105	6.9%	-3.3	23.7	37.6	52.9	53.7	39.7	37.1
20201124	6.9%
20170822	6.7%	1.0	5.0	11.3	11.1	13.4	18.5	17.7
20200608	6.5%	-6.9	-28.8	-21.5	-25.5	-26.6	-23.2	-26.8
20200807	6.4%	9.1	11.3	4.5	-2.9	5.6	18.0	51.4
20201103	6.3%	-6.5	20.4	15.3	42.1	45.6	44.3	37.2
20190923	6.2%	1.3	.9	-5.4	-6.0	-7.9	-6.8	-6.5
20200320	6.2%	-10.8	19.2	1.8	-34.1	15.5	11.9	1.6
20200710	6.2%	-2.9	7.1	4.7	1.8	-2.9	-14.7	-13.5
20171117	6.1%	.1	-1.6	-.0	1.7	3.4	4.0	1.2
20171129	6.1%	-.5	-3.3	-1.4	-1.6	.5	1.9	3.0
20200408	6.1%	-7.1	9.7	-4.4	-13.6	2.4	37.5	11.2
20161207	6%	.2	-2.1	-3.5	-2.2	-5.9	-7.5	-9.0
20200915	6%	7.4	-1.3	-8.0	-10.1	-2.1	-5.2	-6.0
20200507	5.9%	13.4	-8.7	6.5	5.7	14.8	11.3	32.6
20190813	5.8%	-2.7	1.8	4.0	22.9	31.0	30.4	43.8
20200602	5.4%	8.2	37.6	-5.3	17.2	1.3	-.1	1.4
20200629	5.4%	4.2	-.6	-15.4	-14.7	-7.3	-5.9	-14.6
20171020	5.1%	1.3	3.6	-7.2	-5.6	-7.3	-3.8	-1.1
20181226	5.1%	-1.7	-2.5	2.0	6.1	5.4	5.7	.1
20151029	5%	1.2	-.8	-1.7	-5.0	-10.8	-4.5	-1.8
20180814	5%	-3.0	-.1	3.7	3.2	9.2	.2	-1.4
20201102	5%	6.3	2.9	31.5	46.3	62.6	63.4	48.6
20201203	5%
20170511	-5%	-2.7	-4.8	-5.9	-8.5	1.9	.5	-2.1
20200225	-5%	-5.4	-7.1	-19.3	-21.7	-41.4	-71.3	-61.7
20200701	-5%	1.9	-7.8	-11.9	-2.8	-4.9	-7.6	-11.9
20180116	-5.1%	.9	4.4	-1.6	-4.6	-9.2	-8.9	-8.6
20200724	-5.1%	-6.7	-10.1	-12.7	-9.6	5.2	1.5	-9.8
20200130	-5.3%	-1.1	3.7	-1.9	1.1	-21.2	-26.1	-36.5
20200226	-5.3%	-1.3	-9.0	-15.8	-24.6	-56.0	-57.4	-48.8
20190122	-5.4%	-.2	.5	4.5	3.2	-.7	4.4	3.2
20200806	-5.4%	6.4	23.8	19.5	6.1	10.8	24.8	66.4
20190717	-5.5%	-2.1	.9	-.2	2.4	-17.3	-17.6	-16.1
20200923	-5.5%	-2.9	-5.1	3.3	.0	-.8	-2.4	-10.4
20190308	-5.6%	-.3	-1.4	-6.0	-14.5	-11.2	-7.9	-5.9
20201207	-5.6%
20160830	-5.7%	6.9	2.0	4.0	2.1	2.8	3.5	3.8
20200129	-5.7%	-5.4	-5.8	-5.3	-3.6	-23.9	-24.2	-36.5
20200730	-5.7%	-4.1	.0	9.7	12.0	5.2	-2.3	6.2
20190605	-5.8%	1.5	7.7	6.9	-1.7	.4	6.7	1.6
20200403	-5.8%	24.9	62.6	92.0	67.4	51.3	79.2	140.7
20170320	-5.9%	-1.1	1.3	3.4	-.5	-3.2	-1.9	-1.0
20200402	-6%	-5.9	64.8	59.8	45.0	46.1	54.7	136.9
20200511	-6%	-.7	-14.0	-4.1	-1.3	12.0	15.0	48.5
20200921	-6%	1.6	-8.7	-7.5	-1.6	-1.6	-9.3	-10.3
20151023	-6.1%	1.5	6.0	8.4	6.2	2.1	-5.7	-1.1
20190619	-6.1%	.5	2.6	8.7	5.0	3.1	-4.0	6.0
20200619	-6.1%	1.3	-.3	4.4	-.5	-15.3	-14.6	-7.1
20201125	-6.1%
20190513	-6.3%	.2	-4.0	-5.4	-11.1	-18.6	-17.2	-19.0
20200330	-6.3%	-4.2	-37.9	8.7	5.3	-4.4	-3.7	2.0
20201028	-6.3%	-3.3	-.1	-3.4	23.5	37.5	52.7	53.6
20201104	-6.5%	7.0	34.0	28.9	51.9	53.7	54.4	47.6
20200305	-6.6%	-1.2	-11.5	-48.4	-50.0	-40.0	-39.7	-60.4
20200529	-6.6%	4.3	32.4	41.0	7.8	19.0	12.8	11.2
20200727	-6.6%	-1.0	-7.6	-3.7	5.7	7.9	1.3	-5.9
20200624	-6.7%	1.1	5.8	.9	-14.1	-13.5	-5.8	-4.4
20201112	-6.7%	4.6	23.2	24.7	25.2	19.7	35.6	33.4
20190823	-6.8%	2.2	35.6	36.4	46.3	52.0	53.2	45.9
20200720	-6.8%	9.0	5.9	1.0	-11.3	-10.0	9.0	7.7
20200818	-6.8%	-.6	-3.3	4.2	26.4	42.5	31.1	51.4
20200609	-6.9%	-12.6	-15.0	-15.8	-16.4	-24.9	-21.7	-26.8
20200707	-6.9%	-1.4	-5.7	4.1	1.8	-1.1	-5.7	-17.2
20200505	-7%	-7.3	4.6	-9.9	.2	3.2	26.7	14.0
20200409	-7.1%	.0	9.7	3.1	-6.4	15.3	33.6	10.9
20200415	-7.1%	-13.6	-13.0	-7.8	41.1	17.5	7.2	13.3
20200709	-7.2%	6.2	11.7	2.1	14.0	-.1	-6.8	-2.8
20200303	-7.3%	.4	-11.1	-23.3	-68.0	-50.2	-39.4	-47.1
20200506	-7.3%	5.9	12.0	-3.0	8.2	11.3	26.3	29.8
20160316	-7.4%	-.5	.8	-.1	4.6	.2	-4.2	-5.0
20200421	-7.4%	-2.5	15.5	55.1	25.4	39.6	12.4	31.2
20200312	-7.5%	-11.2	-56.5	-42.1	-22.6	-33.9	-57.2	-25.0
20200528	-7.5%	-6.6	11.2	41.4	-2.7	20.4	4.0	2.6
20201030	-7.5%	5.1	11.7	40.0	34.6	58.6	60.5	61.2
20160108	-7.7%	1.3	2.0	2.4	8.1	8.7	13.4	7.7
20200221	-7.7%	-4.3	-15.2	-21.8	-27.6	-35.1	-62.2	-63.3
20200617	-7.7%	-.2	-.9	-11.0	-7.2	-13.2	-15.7	-11.4
20180905	-7.9%	-2.0	2.7	-.6	-3.1	-6.6	-3.2	-9.4
20151113	-8.2%	2.2	7.1	9.7	12.0	9.9	9.5	8.4
20190322	-8.6%	1.4	5.1	6.0	10.5	9.9	13.5	17.2
20200311	-8.7%	-7.5	-61.5	-40.0	-26.9	-36.2	-57.9	-34.7
20181121	-8.8%	.0	7.6	6.9	4.1	5.3	1.2	1.5
20200501	-9.7%	-3.6	-12.0	-7.0	-19.4	-10.1	-7.5	4.9
20200323	-10.7%	26.5	27.2	-16.4	-7.7	20.2	41.9	23.7
20200313	-11.1%	-29.0	-31.2	-17.5	-17.0	-45.5	-39.8	-21.6
20190801	-11.4%	-4.6	-9.5	-12.6	-11.7	-8.5	-10.3	17.6
20170317	-11.8%	-5.9	-4.8	-3.9	-5.5	-10.8	-8.7	-6.9
20200610	-12.5%	-15.5	4.6	-9.6	-10.9	-9.5	-8.7	-17.4
20200416	-13.6%	8.7	-1.7	16.4	56.3	26.4	40.7	13.3
20200513	-13.6%	.5	11.7	15.1	41.3	27.2	61.4	71.9
20200611	-15.4%	3.5	14.2	8.3	6.7	11.6	6.4	-9.4
20200214	-20.4%	.0	-.4	-16.5	-19.2	-27.8	-36.1	-44.8
20200401	-26.7%	-6.0	45.9	43.8	57.7	48.3	34.6	65.9
20200316	-29%	-33.9	3.0	25.4	9.5	-27.8	12.1	10.5
20200317	-33.8%	4.3	39.0	85.7	58.5	2.7	79.9	74.4

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

Of the 1,443 trading days from 2015 to 2020, there were 63 days in which CAL was up more than 5%. This table shows the average price changes over the 63 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	1.6	1.7	.1	2.8	4.9	6.7	7.3

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

Of the 1,443 trading days from 2015 to 2020, there were 72 days in which CAL was down more than -5%. This table shows the average price changes over the 72 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	-1.0	2.5	4.6	4.0	1.0	3.0	6.2

28 stocks with statistics: AAPL, AMD, AMZN, APPN, AZN, BA, BAC, BIIB, CRM, CSCO, CX, DIS, FB, GE, GM, GOOG, IBM, INTC, JPM, JPM, MSFT, MU, NFLX, O, QQQ, SPY, T, TSLA,

Also see: VIX price movement study.