Statistics of Price Movements of Cna Financial Corp (CNA)

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

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

Table 1. Statistics of CNA 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, 49.7% of the time (770 days), CNA closed above the previous day's closing price. 45.8% of the time (709 days), it closed below the previous day's closing price. 4.5% of the time (69 days), it did not change.

Also see: VIX price movement study.

CNA Price Change (%)	Number of Days	% of Total Sessions
11 – 12%	1	0.06%
8 – 9%	3	0.19%
7 – 8%	1	0.06%
6 – 7%	4	0.26%
5 – 6%	10	0.65%
4 – 5%	8	0.52%
3 – 4%	16	1.03%
2 – 3%	55	3.55%
1 – 2%	183	11.82%
0 – 1%	489	31.59%
0%	69	4.46%
0 – -1%	431	27.84%
-1 – -2%	173	11.18%
-2 – -3%	55	3.55%
-3 – -4%	26	1.68%
-4 – -5%	6	0.39%
-5 – -6%	5	0.32%
-6 – -7%	5	0.32%
-7 – -8%	4	0.26%
-8 – -9%	1	0.06%
-9 – -10%	1	0.06%
-13 – -14%	1	0.06%
-14 – -15%	1	0.06%

Table 2. Statistics of CNA: 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 CNA.

48.5% of the time (752 days), CNA closed above the opening price. 47.2% of the time (731 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
7 – 8%	2	0.13%
6 – 7%	1	0.06%
5 – 6%	6	0.39%
4 – 5%	7	0.45%
3 – 4%	11	0.71%
2 – 3%	37	2.39%
1 – 2%	184	11.88%
0 – 1%	504	32.54%
0%	66	4.26%
0 – -1%	480	30.99%
-1 – -2%	169	10.91%
-2 – -3%	54	3.49%
-3 – -4%	15	0.97%
-4 – -5%	6	0.39%
-5 – -6%	4	0.26%
-7 – -8%	2	0.13%
-10 – -11%	1	0.06%

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

In the past 1,549 trading days, CNA opened more than 5% higher than the previous day's closing price 5 times. Of these days, 40.0% (2 days) had closing prices above the opening price, and 60.0% (3 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
2 – 3%	1	20.00%
1 – 2%	1	20.00%
0 – -1%	1	20.00%
-1 – -2%	1	20.00%
-4 – -5%	1	20.00%

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

On 7 days, CNA opened 4–5% higher than the previous day's closing price. Of these days, 57.1% (4 days) had closing prices above the opening price, and 42.9% (3 days) had closing prices below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
3 – 4%	2	28.57%
2 – 3%	1	14.29%
1 – 2%	1	14.29%
-1 – -2%	3	42.86%

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

8 times CNA opened 3 – 4% higher than the previous day's closing price. Among these days, 50.0% (4 days) closed above the opening price, 50.0% (4 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
7 – 8%	1	12.50%
2 – 3%	2	25.00%
1 – 2%	1	12.50%
-2 – -3%	1	12.50%
-3 – -4%	1	12.50%
-4 – -5%	1	12.50%
-5 – -6%	1	12.50%

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

11 times CNA opened 2 – 3% higher than the previous day's closing price. Among these days, 54.5% (6 days) closed above the opening price, 45.5% (5 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
1 – 2%	2	18.18%
0 – 1%	4	36.36%
0 – -1%	2	18.18%
-1 – -2%	1	9.09%
-3 – -4%	2	18.18%

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

61 times CNA opened 1 – 2% higher than the previous day's closing price. Among these days, 47.5% (29 days) closed above the opening price, 52.5% (32 days) closed below the opening price.

Closing - Open (%)	Number of Days	% of Total Sessions
4 – 5%	2	3.28%
3 – 4%	1	1.64%
1 – 2%	11	18.03%
0 – 1%	15	24.59%
0 – -1%	17	27.87%
-1 – -2%	8	13.11%
-2 – -3%	6	9.84%
-7 – -8%	1	1.64%

Table 8. Periods when CNA moved 15% or more

In this table, we track the price movements in the 20 days after CNA 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

Table 9. Periods when CNA moved 10% or more

In this table, we track the price movements in the 20 days after CNA 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
20200324	11.2%	1.3	9.0	-8.0	2.0	11.5	3.6	4.9
20200312	-13.6%	6.0	-4.4	-18.7	-2.5	-7.2	-17.4	-3.2
20200316	-14.6%	5.6	-4.2	1.2	9.0	-8.1	1.9	11.5

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

Of the 1,549 trading days from 2015 to 2020, there were 1 days in which CNA was up more than 10%. 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 ≥ 10%	1.3	9.0	-8.0	2.0	11.5	3.6	4.9

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

Of the 1,549 trading days from 2015 to 2020, there were 2 days in which CNA was down more than -10%. 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 ≥ -10%	5.8	-4.3	-8.8	3.2	-7.7	-7.7	4.1

Table 10. Periods when CNA moved 5% or more

In this table, we track the price movements in the 20 days after CNA 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
20200324	11.2%	1.3	9.0	-8.0	2.0	11.5	3.6	4.9
20181105	8.5%	-.6	1.7	-1.6	-.2	-2.7	-2.5	-1.2
20200210	8.4%	-.2	-.9	-1.9	-8.2	-15.8	-15.9	-15.4
20200406	8.1%	3.2	12.9	4.9	6.2	.1	7.9	-2.7
20200302	7.2%	-4.1	-3.6	-13.0	-32.1	-30.5	-32.1	-28.2
20201109	6.9%	1.1	.1	2.1	.6	2.1	1.5	4.8
20200326	6.4%	-1.9	-13.3	-8.4	3.4	2.5	.3	-6.3
20200518	6.4%	-1.5	7.2	13.7	7.6	16.5	22.5	15.8
20201102	6.2%	2.4	2.9	9.6	13.0	10.9	13.6	10.9
20200313	5.9%	-14.6	-12.6	-14.7	-9.8	-20.2	-15.7	-4.9
20200605	5.9%	3.4	-8.9	-5.1	-4.7	-7.1	-6.6	-8.4
20200317	5.5%	.1	-14.9	2.1	-2.8	-13.5	1.3	1.6
20160928	5.4%	-2.6	-1.3	.5	2.5	2.2	2.2	1.3
20171030	5.4%	1.1	2.7	1.0	1.6	1.3	-.1	-.4
20160212	5.3%	.0	-8.5	-8.1	-6.7	-4.5	-1.8	-2.1
20200417	5.3%	-3.1	-8.6	-1.5	-11.2	-14.6	-11.4	-20.0
20170731	5.2%	1.4	2.2	2.6	1.5	.1	-1.2	-2.8
20200710	5.2%	.2	5.9	8.0	8.6	9.3	5.4	5.4
20200504	5.1%	-5.0	-3.7	-12.5	-9.5	-4.3	1.5	-1.1
20170215	-5%	-.5	.5	1.9	4.2	3.1	3.5	4.8
20180205	-5.5%	-.4	-2.1	4.0	6.7	5.1	2.8	-.1
20200311	-5.6%	-13.7	-17.6	-25.2	-21.0	-14.9	-28.2	-20.4
20190222	-5.7%	-.1	-.0	-.2	-.4	.0	1.9	.2
20200331	-5.8%	-8.9	-3.7	8.7	7.7	5.4	-1.5	-.3
20160208	-6%	-1.4	1.9	2.9	-6.8	-3.0	-3.1	-.3
20200221	-6%	-1.4	-9.6	-9.6	-9.1	-18.0	-36.0	-34.4
20200323	-6.2%	11.3	17.7	4.0	9.9	24.1	22.9	20.4
20200415	-6.2%	-.9	-1.1	-4.9	4.4	-2.5	-8.9	-11.1
20200320	-6.4%	-6.3	12.4	7.0	-4.7	11.6	11.9	7.1
20200611	-7%	3.0	4.0	4.7	3.9	3.4	1.4	-4.5
20200309	-7.4%	3.3	-10.8	-19.6	-31.6	-18.0	-22.0	-30.5
20190211	-7.7%	.7	3.8	6.4	.7	.7	.6	.4
20200501	-7.9%	5.2	-1.8	-4.2	-10.6	-3.3	2.0	7.1
20200401	-8.8%	-1.7	9.0	19.3	10.8	12.1	5.8	14.0
20160218	-9.4%	-.8	.4	1.9	6.2	6.7	9.7	8.9
20200312	-13.6%	6.0	-4.4	-18.7	-2.5	-7.2	-17.4	-3.2
20200316	-14.6%	5.6	-4.2	1.2	9.0	-8.1	1.9	11.5

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

Of the 1,549 trading days from 2015 to 2020, there were 19 days in which CNA was up more than 5%. This table shows the average price changes over the 19 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ 5%	-1.0	-1.7	-1.6	-2.0	-3.0	-1.4	-2.6

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

Of the 1,549 trading days from 2015 to 2020, there were 18 days in which CNA was down more than -5%. This table shows the average price changes over the 18 days.

Average Type	Average Price Change
Days after:	1	4	7	10	13	16	19
Avg for Change ≥ -5%	-.1	-.3	-1.1	-1.3	-.2	-2.9	-1.7

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Also see: VIX price movement study.