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Articles > 5.2 Sigma Later, CITBA Financial Corporation (CBAF) Still Ended Higher

5.2 Sigma Later, CITBA Financial Corporation (CBAF) Still Ended Higher

By KlickAnalytics Data Insights  |   October 2, 2026 07:52PM ET

Here is what actually moved CITBA Financial Corporation (CBAF): the 6 sessions in the last month that broke out of its normal range, each measured against the stock's own 60-day volatility rather than a fixed percentage.

2026-10-01 — $47.0000 (+0.00%)
CITBA Financial rose 0.00% to $47.00. Shares opened with a 2.11% gap down and reversed through the session and closed near the session high (100% of the day's range).

2026-08-24 — $48.0000 (+5.26%)
CITBA Financial rose 5.26% to $48.00, its biggest one-day gain in 9 months and a 5.2sigma move against its 60-day volatility, on 1.6x average volume. This was largely stock-specific: the S&P 500 fell 0.29% while Financial Services peers (XLF) rose 1.29% that session, leaving about 4.0 points of the move unexplained by its sector. Shares closed near the session high (100% of the day's range), set a 52-week closing high and marked an 8th consecutive advance.

2026-08-21 — $45.6000 (+4.83%)
CITBA Financial rose 4.83% to $45.60, its biggest one-day gain in 9 months and a 5.9sigma move against its 60-day volatility. This was largely stock-specific: the S&P 500 gained 0.41% while Financial Services peers (XLF) rose 0.93% that session, leaving about 3.9 points of the move unexplained by its sector. Shares opened with a 1.15% gap up, closed near the session high (100% of the day's range), set a 52-week closing high and marked a 7th consecutive advance.

2026-08-14 — $42.9500 (+3.49%)
CITBA Financial rose 3.49% to $42.95, its biggest one-day gain in 6 months and a 5.2sigma move against its 60-day volatility, on 3.4x average volume. This was largely stock-specific: the S&P 500 fell 0.20% while Financial Services peers (XLF) fell 0.17% that session, leaving about 3.5 points of the move unexplained by the market after adjusting for a 0.21 beta. Shares closed near the session high (100% of the day's range), set a 52-week closing high and marked a 5th consecutive advance.

2026-08-13 — $41.5000 (+2.34%)
CITBA Financial rose 2.34% to $41.50, a 3.9sigma move against its 60-day volatility, though on light volume (0.3x the 20-day average). Roughly 1.8 points were stock-specific — the S&P 500 gained 0.70% while Financial Services peers (XLF) rose 0.59% alongside it. Shares opened with a 2.34% gap up, set a 52-week closing high and marked a 4th consecutive advance.

2026-07-31 — $39.9900 (+2.80%)
CITBA Financial rose 2.80% to $39.99, its biggest one-day gain in 6 months and a 6.1sigma move against its 60-day volatility, though on light volume (0.7x the 20-day average). This was largely stock-specific: the S&P 500 gained 0.72% while Financial Services peers (XLF) fell 0.11% that session, leaving about 2.7 points of the move unexplained by the market after adjusting for a 0.21 beta. Shares closed near the session high (100% of the day's range), set a 52-week closing high and marked a 3rd consecutive advance. Historically, after 2.5sigma-or-larger up days, CITBA Financial returned +0.30% on average over the following 5 sessions (42% positive, n=26).

In practical terms, separating what the market did from what the company did is most of the work; the attribution above does it session by session.

Historical frequencies describe what has happened, which is not a promise about what will.

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Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.

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