LB Seasonality — Monthly Returns and Hit Rate by Month

Monthly returns (%)

	25	26
Jan	+0.4	+17.3
Feb	+6.6	+29.7
Mar	+4.1	-7.2
Apr	+0.7	-0.5
May	-1.4	+2.1
Jun	-5.3	+13.1
Jul	-16.1	-2.2
Aug	-6.2	+13.1
Sep	+0.6	-7.3
Oct	+10.9	+1.1
Nov	-3.8
Dec	-13.8
Yr	-24	+68

Total return — dividends reinvested (prices are dividend- and split-adjusted).

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Average	+0.4	+6.6	+4.2	+0.7	-1.4	-5.3	-16.1	-6.2	+0.6	+10.9	-3.8	-13.8
Median	+0.4	+6.6	+4.2	+0.7	-1.4	-5.3	-16.1	-6.2	+0.6	+10.9	-3.8	-13.8
Hit rate	100%	100%	100%	100%	0%	0%	0%	0%	100%	100%	0%	0%

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