Statistics of Price Movements of Westwood Holdings Group Inc (WHG)

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

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

Table 1. Statistics of WHG 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, 46.4% of the time (719 days), WHG closed above the previous day's closing price. 49.5% of the time (767 days), it closed below the previous day's closing price. 4.0% of the time (62 days), it did not change.

Also see: VIX price movement study.

WHG Price Change (%)	Number of Days	% of Total Sessions
29 – 30%	1	0.06%
17 – 18%	1	0.06%
14 – 15%	2	0.13%
8 – 9%	6	0.39%
7 – 8%	2	0.13%
6 – 7%	5	0.32%
5 – 6%	19	1.23%
4 – 5%	20	1.29%
3 – 4%	33	2.13%
2 – 3%	99	6.40%
1 – 2%	186	12.02%
0 – 1%	345	22.29%
0%	62	4.01%
0 – -1%	364	23.51%
-1 – -2%	210	13.57%
-2 – -3%	102	6.59%
-3 – -4%	38	2.45%
-4 – -5%	12	0.78%
-5 – -6%	14	0.90%
-6 – -7%	9	0.58%
-7 – -8%	4	0.26%
-8 – -9%	6	0.39%
-9 – -10%	3	0.19%
-10 – -11%	1	0.06%
-12 – -13%	2	0.13%
-13 – -14%	1	0.06%
-46 – -47%	1	0.06%

Table 2. Statistics of WHG: 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 WHG.

46.8% of the time (725 days), WHG closed above the opening price. 48.9% of the time (758 days), it closed below the opening price. 4.3% of the time (66 days), it closed where it started.

Closing - Open (%)	Number of Days	% of Total Sessions
28 – 29%	1	0.06%
8 – 9%	3	0.19%
7 – 8%	3	0.19%
6 – 7%	6	0.39%
5 – 6%	9	0.58%
4 – 5%	16	1.03%
3 – 4%	36	2.32%
2 – 3%	84	5.42%
1 – 2%	191	12.33%
0 – 1%	376	24.27%
0%	66	4.26%
0 – -1%	368	23.76%
-1 – -2%	205	13.23%
-2 – -3%	100	6.46%
-3 – -4%	39	2.52%
-4 – -5%	15	0.97%
-5 – -6%	12	0.77%
-6 – -7%	6	0.39%
-7 – -8%	6	0.39%
-8 – -9%	4	0.26%
-9 – -10%	2	0.13%
-45 – -46%	1	0.06%

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

In the past 1,549 trading days, WHG opened more than 5% higher than the previous day's closing price 8 times. Of these days, 37.5% (3 days) had closing prices above the opening price, and 62.5% (5 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
8 – 9%	1	12.50%
7 – 8%	1	12.50%
0 – 1%	1	12.50%
0 – -1%	3	37.50%
-1 – -2%	1	12.50%
-3 – -4%	1	12.50%

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

On 6 days, WHG opened 4–5% higher than the previous day's closing price. Of these days, 100.0% (6 days) had closing prices above the opening price, and 0.0% (0 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
8 – 9%	1	16.67%
3 – 4%	2	33.33%
1 – 2%	1	16.67%
0 – 1%	2	33.33%

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

8 times WHG opened 3 – 4% higher than the previous day's closing price. Among these days, 25.0% (2 days) closed above the opening price, 75.0% (6 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
1 – 2%	1	12.50%
0 – 1%	1	12.50%
-1 – -2%	3	37.50%
-2 – -3%	2	25.00%
-3 – -4%	1	12.50%

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

32 times WHG opened 2 – 3% higher than the previous day's closing price. Among these days, 56.3% (18 days) closed above the opening price, 43.8% (14 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
6 – 7%	1	3.12%
4 – 5%	2	6.25%
3 – 4%	2	6.25%
2 – 3%	5	15.62%
0 – 1%	8	25.00%
0 – -1%	6	18.75%
-1 – -2%	2	6.25%
-2 – -3%	3	9.38%
-3 – -4%	1	3.12%
-6 – -7%	1	3.12%
-8 – -9%	1	3.12%

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

91 times WHG opened 1 – 2% higher than the previous day's closing price. Among these days, 45.1% (41 days) closed above the opening price, 52.7% (48 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
6 – 7%	2	2.20%
4 – 5%	1	1.10%
3 – 4%	3	3.30%
2 – 3%	5	5.49%
1 – 2%	9	9.89%
0 – 1%	21	23.08%
0%	2	2.20%
0 – -1%	18	19.78%
-1 – -2%	14	15.38%
-2 – -3%	8	8.79%
-3 – -4%	4	4.40%
-4 – -5%	2	2.20%
-5 – -6%	1	1.10%
-6 – -7%	1	1.10%

Table 8. Periods when WHG moved 15% or more

In this table, we track the price movements in the 20 days after WHG 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
20200320	29.7%	1.5	14.4	12.0	1.3	20.7	21.6	21.6
20200313	17.7%	-12.5	-39.0	-15.6	-14.8	-19.1	-12.9	.5
20200318	-46.5%	14.0	57.7	59.3	51.2	62.7	87.8	86.1

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

Of the 1,549 trading days from 2015 to 2020, there were 2 days in which WHG was up more than 15%. This table shows the average price changes over the 2 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 15%	-5.5	-12.3	-1.8	-6.7	.8	4.3	11.0

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

Of the 1,549 trading days from 2015 to 2020, there were 1 days in which WHG was down more than -15%. This table shows the average price changes over the 1 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -15%	14.0	57.7	59.3	51.2	62.7	87.8	86.1

Table 9. Periods when WHG moved 10% or more

In this table, we track the price movements in the 20 days after WHG 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
20200320	29.7%	1.5	14.4	12.0	1.3	20.7	21.6	21.6
20200313	17.7%	-12.5	-39.0	-15.6	-14.8	-19.1	-12.9	.5
20200317	14.5%	-46.6	-19.8	-9.6	-11.5	-20.0	-4.6	-3.9
20200319	14%	29.8	40.8	46.7	33.3	47.1	64.7	55.9
20201130	-10.4%
20200316	-12.5%	14.6	-9.5	-1.8	2.4	-7.0	2.6	14.9
20200611	-12.5%	4.7	2.7	2.0	-8.6	-3.8	-9.8	-18.9
20200312	-13.3%	17.8	-37.0	-5.3	6.7	4.4	-5.5	12.5
20200318	-46.5%	14.0	57.7	59.3	51.2	62.7	87.8	86.1

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

Of the 1,549 trading days from 2015 to 2020, there were 4 days in which WHG was up more than 10%. This table shows the average price changes over the 4 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 10%	-7.0	-.9	8.4	2.1	7.2	17.2	18.5

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

Of the 1,549 trading days from 2015 to 2020, there were 5 days in which WHG was down more than -10%. 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 ≥ -10%	11.5	5.5	12.6	10.3	11.3	15.0	18.9

Table 10. Periods when WHG moved 5% or more

In this table, we track the price movements in the 20 days after WHG 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
20200320	29.7%	1.5	14.4	12.0	1.3	20.7	21.6	21.6
20200313	17.7%	-12.5	-39.0	-15.6	-14.8	-19.1	-12.9	.5
20200317	14.5%	-46.6	-19.8	-9.6	-11.5	-20.0	-4.6	-3.9
20200319	14%	29.8	40.8	46.7	33.3	47.1	64.7	55.9
20170209	8.9%	.8	2.3	.7	3.9	-4.1	-4.1	-8.1
20200629	8.7%	1.7	-4.6	-14.2	-12.0	-8.0	-13.8	-16.6
20200406	8.5%	3.1	15.4	9.2	23.1	24.6	30.9	20.4
20201109	8.4%	4.6	2.2	12.1	18.1	22.2	14.3	22.1
20200310	8.3%	-7.0	-17.0	-42.1	-19.9	-19.1	-23.2	-17.4
20200429	8.3%	-9.7	-21.2	-19.2	-35.6	-26.6	-27.0	-26.2
20161109	7.7%	1.2	5.9	9.0	9.1	7.9	7.6	11.3
20150826	7.3%	.3	-5.0	-8.4	-10.5	-5.2	-.4	-2.0
20190628	6.6%	-2.2	-3.3	-3.4	-5.1	-7.8	-8.5	-9.9
20200813	6.6%	-2.4	-11.0	-11.3	-13.2	-13.7	-17.0	-16.9
20200408	6.4%	5.2	4.2	6.6	14.2	16.9	16.7	1.8
20200603	6.4%	.2	-2.7	-12.4	-14.1	-14.7	-23.5	-19.6
20201201	6.2%
20201117	5.8%
20200417	5.7%	5.3	6.5	11.9	2.9	-3.7	-7.9	-18.5
20200824	5.7%	.8	-4.4	-1.0	-7.1	-6.4	-4.8	-5.2
20201116	5.5%
20200326	5.4%	-5.9	-10.6	-3.9	11.0	9.9	12.5	20.5
20200810	5.4%	2.7	8.4	-1.2	-1.6	-3.6	-4.3	-7.9
20201102	5.4%	.9	.3	15.1	17.3	21.7	35.1	30.6
20201203	5.4%
20160208	5.2%	-.0	3.8	8.8	9.6	11.3	14.0	23.2
20200420	5.2%	-.2	1.2	15.2	-3.4	-8.0	-18.8	-19.5
20201124	5.2%
20190911	5.1%	.3	-1.8	-5.0	-5.0	-8.6	-8.2	-9.8
20200409	5.1%	.0	-5.3	6.7	8.0	13.4	4.3	-2.4
20200520	5.1%	.5	1.6	-4.3	5.7	9.2	-11.6	-1.0
20200527	5.1%	-3.9	-7.1	3.8	-5.5	-11.4	-17.1	-18.6
20200601	5.1%	-1.3	10.2	.4	-5.9	-12.0	-13.6	-23.7
20190503	5%	.1	-4.8	-5.3	-5.8	-4.6	-4.4	-4.3
20191031	5%	.5	3.2	4.3	3.5	.5	-1.9	1.8
20200330	5%	-1.0	-10.4	6.7	7.5	7.5	19.5	21.1
20191205	-5%	.8	-.3	1.1	1.4	2.6	-.3	-.4
20200903	-5%	-.4	-.3	-1.3	1.4	-1.7	3.1	-1.2
20160205	-5.1%	5.3	5.5	12.5	17.4	14.9	17.5	28.1
20201028	-5.1%	2.5	5.2	4.6	20.1	22.3	26.9	40.9
20200722	-5.3%	-.7	-6.1	-14.9	-14.5	-8.7	1.3	-11.2
20160627	-5.4%	1.6	4.3	6.2	11.6	13.1	9.7	11.2
20190805	-5.5%	-.3	2.2	-2.4	.2	-1.0	-6.0	-7.6
20200709	-5.5%	4.7	4.7	3.2	-.2	-5.6	-14.5	-14.1
20200730	-5.6%	-1.8	-1.4	5.4	16.9	2.4	-1.9	4.4
20200609	-5.7%	-1.8	-8.0	-13.9	-15.5	-25.3	-20.1	-24.3
20190823	-5.8%	2.9	1.0	-1.7	.3	9.4	9.3	4.2
20200327	-5.8%	5.1	-4.5	5.3	17.9	11.6	25.8	27.3
20200519	-5.8%	5.1	6.7	7.9	4.3	16.6	6.2	-.5
20200511	-5.9%	-7.2	-8.0	-4.3	-2.9	-1.8	-5.1	6.1
20200501	-6%	-1.2	-5.9	-17.0	-17.6	-14.4	-13.1	-12.1
20200505	-6%	.8	-3.6	-14.7	-12.2	-6.4	-1.4	-7.2
20200303	-6.1%	.3	-15.6	-26.3	-13.1	-31.3	-25.5	-22.3
20181219	-6.2%	-1.4	-3.2	.7	2.8	7.2	7.1	7.6
20170228	-6.4%	4.0	-1.4	-3.6	-3.3	-2.1	-8.4	-8.2
20200624	-6.4%	-.7	4.5	-2.0	-11.9	-9.6	-5.5	-11.4
20160113	-6.5%	1.1	1.5	2.8	1.4	5.4	-.1	-.3
20200529	-6.7%	5.1	10.6	7.5	-3.3	-5.1	-5.8	-15.6
20200311	-6.9%	-13.4	2.2	-19.2	-12.4	-8.6	-17.0	-8.4
20200512	-7.2%	-8.6	4.2	3.6	4.8	-1.3	9.0	12.6
20200817	-7.6%	-2.9	-7.0	-1.0	-6.7	-7.5	-5.8	-8.0
20150821	-7.9%	-1.0	8.6	2.9	-.8	-3.1	2.7	7.9
20201112	-7.9%	4.8	15.0	21.1	25.4	17.2	25.3	20.4
20200305	-8.2%	1.0	-7.6	-17.6	-42.5	-20.4	-19.7	-23.7
20201026	-8.2%	-.3	-6.5	.1	7.3	4.5	22.5	22.7
20200617	-8.3%	-2.4	-4.2	-15.4	-9.5	-14.2	-17.4	-17.3
20150430	-8.5%	.9	-1.0	.6	.5	-.5	-1.4	-2.4
20200513	-8.5%	4.3	7.3	14.5	20.5	13.5	19.4	16.0
20200401	-8.7%	.5	10.9	24.2	17.5	32.5	34.1	40.9
20200309	-9.2%	8.3	2.8	-45.0	-17.4	-6.9	-8.9	-17.6
20200430	-9.6%	-6.0	-12.1	-15.9	-25.6	-23.4	-18.3	-14.0
20190425	-9.7%	-2.4	-9.4	-5.9	-9.8	-9.9	-10.4	-9.3
20201130	-10.4%
20200316	-12.5%	14.6	-9.5	-1.8	2.4	-7.0	2.6	14.9
20200611	-12.5%	4.7	2.7	2.0	-8.6	-3.8	-9.8	-18.9
20200312	-13.3%	17.8	-37.0	-5.3	6.7	4.4	-5.5	12.5
20200318	-46.5%	14.0	57.7	59.3	51.2	62.7	87.8	86.1

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

Of the 1,549 trading days from 2015 to 2020, there were 36 days in which WHG was up more than 5%. This table shows the average price changes over the 36 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-.8	-1.4	.9	-.1	.8	.8	.2

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

Of the 1,549 trading days from 2015 to 2020, there were 41 days in which WHG was down more than -5%. This table shows the average price changes over the 41 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	1.6	.5	-.9	.1	.5	2.2	2.6

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