ROCK Seasonality — Monthly Returns and Hit Rate by Month

Monthly returns (%)

	21	22	23	24	25	26
Jan	+24.6	-17.8	+16.8	+2.5	+4.2	+3.7
Feb	-2.5	-11.8	-0.3	-4.3	+7.1	-11.3
Mar	+4.8	-11.1	-9.2	+4.0	-10.7	-12.3
Apr	+0.4	-11.9	+3.2	-11.3	-9.7	-2.1
May	-13.5	+10.4	+4.5	+5.6	+10.6	-1.0
Jun	-4.0	-7.2	+20.3	-9.2	+0.7	+16.7
Jul	-2.1	+20.7	+2.8	+8.3	+11.9	-6.3
Aug	-0.0	-10.6	+16.0	-6.2	-5.2	+6.5
Sep	-6.7	-2.2	-10.0	+0.4	+0.3	-12.0
Oct	-6.4	+24.8	-9.9	-3.5	-0.7	+1.3
Nov	+4.2	-0.9	+10.4	+7.3	-19.9
Dec	-1.8	-9.3	+17.5	-18.7	-1.0
Yr	-7	-31	+72	-25	-16	-19

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

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Average	-0.1	-5.5	+0.2	-1.1	+0.6	-0.6	+1.6	+1.1	+0.6	+0.6	+4.2	+2.7
Median	+3.3	-4.8	+3.2	-2.2	+2.4	+0.0	+2.7	-1.0	+0.3	-1.6	+4.8	+1.7
Hit rate	60%	20%	60%	40%	55%	50%	55%	45%	55%	45%	65%	55%

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