Statistics of Price Movements of JP Morgan Chase & Company (JPM)

The price movements of JP Morgan Chase & Company (ticker JPM) 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 JPM 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 JPM had a big price move
• Table 11. Statistics of daily price changes in the 20 days after JPM moved 5% with twice the 30-day average volume

The statistics are calculated using JPM's price data across 1,549 trading days from 2015 to 2020.

Table 1. Statistics of JPM 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 1,549 trading days, 49.0% of the time (759 days), JPM closed above the previous day's closing price. 47.0% of the time (728 days), it closed below the previous day's closing price. 3.9% of the time (61 days), it did not change.

Also see: VIX price movement study.

JPM Price Change (%)	Number of Days	% of Total Sessions
18 – 19%	1	0.06%
13 – 14%	1	0.06%
11 – 12%	1	0.06%
8 – 9%	3	0.19%
7 – 8%	2	0.13%
6 – 7%	3	0.19%
5 – 6%	6	0.39%
4 – 5%	12	0.78%
3 – 4%	30	1.94%
2 – 3%	68	4.39%
1 – 2%	191	12.34%
0 – 1%	441	28.49%
0%	61	3.94%
0 – -1%	465	30.04%
-1 – -2%	144	9.30%
-2 – -3%	67	4.33%
-3 – -4%	22	1.42%
-4 – -5%	18	1.16%
-5 – -6%	4	0.26%
-6 – -7%	2	0.13%
-7 – -8%	1	0.06%
-8 – -9%	2	0.13%
-10 – -11%	1	0.06%
-13 – -14%	1	0.06%
-14 – -15%	1	0.06%

Table 2. Statistics of JPM: 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 JPM.

49.8% of the time (771 days), JPM closed above the opening price. 46.5% of the time (720 days), it closed below the opening price. 3.7% of the time (58 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
8 – 9%	1	0.06%
6 – 7%	1	0.06%
5 – 6%	2	0.13%
4 – 5%	8	0.52%
3 – 4%	18	1.16%
2 – 3%	35	2.26%
1 – 2%	156	10.07%
0 – 1%	550	35.51%
0%	58	3.74%
0 – -1%	496	32.02%
-1 – -2%	150	9.68%
-2 – -3%	47	3.03%
-3 – -4%	19	1.23%
-4 – -5%	6	0.39%
-5 – -6%	2	0.13%

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

In the past 1,549 trading days, JPM opened more than 5% higher than the previous day's closing price 9 times. Of these days, 66.7% (6 days) had closing prices above the opening price, and 33.3% (3 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
8 – 9%	1	11.11%
4 – 5%	1	11.11%
3 – 4%	2	22.22%
1 – 2%	1	11.11%
0 – 1%	1	11.11%
0 – -1%	1	11.11%
-3 – -4%	1	11.11%
-4 – -5%	1	11.11%

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

On 3 days, JPM opened 4–5% higher than the previous day's closing price. Of these days, 33.3% (1 days) had closing prices above the opening price, and 66.7% (2 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	1	33.33%
-3 – -4%	1	33.33%
-5 – -6%	1	33.33%

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

9 times JPM opened 3 – 4% higher than the previous day's closing price. Among these days, 44.4% (4 days) closed above the opening price, 55.6% (5 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	1	11.11%
1 – 2%	3	33.33%
0 – -1%	3	33.33%
-1 – -2%	1	11.11%
-2 – -3%	1	11.11%

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

30 times JPM opened 2 – 3% higher than the previous day's closing price. Among these days, 63.3% (19 days) closed above the opening price, 36.7% (11 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
6 – 7%	1	3.33%
3 – 4%	1	3.33%
2 – 3%	3	10.00%
1 – 2%	3	10.00%
0 – 1%	11	36.67%
0 – -1%	4	13.33%
-1 – -2%	4	13.33%
-3 – -4%	2	6.67%
-5 – -6%	1	3.33%

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

114 times JPM opened 1 – 2% higher than the previous day's closing price. Among these days, 57.0% (65 days) closed above the opening price, 43.0% (49 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	1	0.88%
3 – 4%	1	0.88%
2 – 3%	3	2.63%
1 – 2%	17	14.91%
0 – 1%	43	37.72%
0 – -1%	26	22.81%
-1 – -2%	12	10.53%
-2 – -3%	8	7.02%
-3 – -4%	2	1.75%
-4 – -5%	1	0.88%

Table 8. Periods when JPM moved 15% or more

In this table, we track the price movements in the 20 days after JPM 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
20200313	18%	-15.0	-17.9	-14.9	-12.3	-18.8	-13.9	-1.1

Table 9. Periods when JPM moved 10% or more

In this table, we track the price movements in the 20 days after JPM 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
20200313	18%	-15.0	-17.9	-14.9	-12.3	-18.8	-13.9	-1.1
20201109	13.5%	-.3	-2.4	-1.4	.8	4.4	2.4	4.7
20200324	11.8%	3.7	5.7	-1.0	2.5	16.2	2.7	3.7
20200318	-10.5%	1.7	5.4	8.6	.6	6.6	22.5	13.8
20200309	-13.5%	7.8	11.2	-10.2	-15.4	5.0	-3.6	-10.0
20200316	-14.9%	6.1	-5.5	3.8	5.8	-1.0	2.6	16.3

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

Of the 1,549 trading days from 2015 to 2020, there were 3 days in which JPM was up more than 10%. This table shows the average price changes over the 3 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	-3.9	-4.9	-5.8	-3.0	.6	-2.9	2.4

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

Of the 1,549 trading days from 2015 to 2020, there were 3 days in which JPM was down more than -10%. This table shows the average price changes over the 3 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -10%	5.2	3.7	.7	-3.0	3.6	7.1	6.7

Table 10. Periods when JPM moved 5% or more

In this table, we track the price movements in the 20 days after JPM 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
20200313	18%	-15.0	-17.9	-14.9	-12.3	-18.8	-13.9	-1.1
20201109	13.5%	-.3	-2.4	-1.4	.8	4.4	2.4	4.7
20200324	11.8%	3.7	5.7	-1.0	2.5	16.2	2.7	3.7
20200409	8.9%	.0	-11.6	-10.8	-13.0	-7.3	-9.3	-12.2
20200417	8.9%	-3.6	-6.1	.1	-2.0	-5.2	-5.5	-8.0
20160212	8.3%	.0	.6	-2.4	.1	3.9	4.3	1.9
20200310	7.7%	-4.7	-12.3	-15.3	-12.2	-9.5	-16.2	-11.2
20200526	7%	5.8	2.9	11.1	15.4	4.2	3.8	1.0
20200326	6.9%	-7.1	-14.0	-8.8	4.7	-2.7	-3.0	-8.9
20200406	6.4%	1.3	14.9	1.5	2.5	-.1	6.5	4.2
20200317	6.1%	-10.5	-15.7	4.7	-4.0	-10.4	.6	4.7
20200527	5.7%	-1.5	-2.4	9.7	4.6	-.1	-2.4	-3.4
20200710	5.4%	1.4	3.9	3.3	2.1	3.5	-.2	1.0
20200603	5.3%	2.1	6.0	-4.2	-4.6	-7.2	-6.1	-9.8
20200518	5.2%	-2.0	-1.1	12.1	9.0	17.7	22.2	10.4
20160301	5.1%	.9	1.2	-1.0	.0	2.2	1.2	.3
20150826	5%	2.5	-2.3	-2.2	-1.2	-.8	-.4	-3.2
20200306	-5.1%	-13.5	-18.5	-13.2	-22.7	-15.1	-13.5	-19.0
20150824	-5.2%	-.6	6.4	3.9	2.1	4.0	5.5	1.1
20200323	-5.3%	11.9	15.3	6.7	13.2	30.0	20.8	20.4
20200626	-5.4%	.4	.1	.8	5.5	8.0	7.4	6.1
20200401	-6.2%	3.7	7.4	21.8	7.6	8.7	6.0	13.0
20160624	-6.9%	-3.3	4.3	-.1	3.7	6.0	7.3	6.9
20200327	-7.1%	2.6	-4.0	-.5	12.8	-.4	.6	-1.9
20200312	-8.2%	18.0	-4.7	-10.2	11.4	2.2	-4.5	7.1
20200611	-8.3%	2.7	2.3	-.5	.8	-3.2	-2.3	-6.1
20200318	-10.5%	1.7	5.4	8.6	.6	6.6	22.5	13.8
20200309	-13.5%	7.8	11.2	-10.2	-15.4	5.0	-3.6	-10.0
20200316	-14.9%	6.1	-5.5	3.8	5.8	-1.0	2.6	16.3

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

Of the 1,549 trading days from 2015 to 2020, there were 17 days in which JPM was up more than 5%. This table shows the average price changes over the 17 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-1.6	-3.0	-1.2	-.4	-.6	-.8	-1.5

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

Of the 1,549 trading days from 2015 to 2020, there were 12 days in which JPM was down more than -5%. 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 ≥ -5%	3.1	1.6	.9	2.1	4.2	4.1	4.0

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Also see: VIX price movement study.