Community Bank System (CBU) seasonality heatmap
Returns across monthly, quarterly, and yearly periods. Cell color encodes signed magnitude; the scale auto-fits each table.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.8% | -3.1% | -2.3% | +8.0% | +0.4% | +6.2% | -1.2% | — | — | — | — | — |
| 2025 | +6.2% | -3.4% | -9.4% | -4.0% | +3.0% | +1.9% | -7.3% | +13.6% | -1.3% | -5.4% | +2.3% | +2.0% |
| 2024 | -12.2% | -1.0% | +7.1% | -10.0% | +5.2% | +4.9% | +30.7% | -0.8% | -4.3% | +5.3% | +13.2% | -10.3% |
| 2023 | -8.3% | +5.8% | -13.3% | -4.8% | -1.0% | -4.4% | +14.8% | -11.7% | -10.3% | -5.3% | +11.1% | +18.5% |
| 2022 | -4.1% | +2.1% | -3.2% | -8.2% | +2.5% | -3.5% | +6.4% | -2.9% | -7.5% | +3.9% | +4.3% | -2.7% |
| 2021 | +4.1% | +9.8% | +8.3% | +1.2% | +4.5% | -6.2% | -5.3% | +3.3% | -7.0% | +4.8% | -1.4% | +6.0% |
| 2020 | -6.6% | -8.2% | -2.5% | +6.3% | -4.9% | -3.3% | -1.4% | +7.0% | -8.8% | +6.5% | +7.4% | +0.7% |
| 2019 | +2.8% | +8.1% | -7.2% | +11.2% | -7.0% | +7.1% | +0.2% | -7.6% | +1.8% | +9.9% | +0.1% | +5.2% |
| 2018 | -0.8% | +0.0% | +1.1% | +5.0% | +6.5% | -0.8% | +7.1% | +4.6% | -7.1% | -4.4% | +12.5% | -10.7% |
| 2017 | -5.6% | +1.8% | -6.9% | +1.8% | -3.9% | +4.3% | -1.6% | -6.3% | +8.1% | +0.1% | +0.2% | -2.3% |
| 2016 | -5.8% | -1.6% | +4.0% | +3.6% | +4.2% | +0.4% | +7.4% | +8.7% | +2.1% | -2.1% | +20.3% | +9.6% |
| 2015 | -11.8% | +5.6% | +0.5% | -1.3% | +2.3% | +7.9% | +1.2% | -6.7% | +5.2% | +9.6% | +5.8% | -6.7% |
| 2014 | -10.3% | +2.3% | +7.9% | -4.7% | -4.5% | +2.7% | -2.7% | +0.3% | -4.2% | +13.6% | -3.1% | +3.9% |
| 2013 | +3.8% | +1.7% | +3.6% | -3.3% | +2.5% | +6.1% | +8.7% | -0.9% | +3.5% | +6.4% | +7.0% | +2.9% |
| 2012 | -1.6% | -0.1% | +6.4% | -2.3% | -5.4% | +2.9% | +1.4% | +2.0% | +1.4% | -2.1% | -2.6% | +2.8% |
| 2011 | -9.0% | -0.5% | -2.6% | +3.1% | +0.3% | -0.2% | +1.5% | -0.5% | -8.3% | +12.7% | +3.3% | +6.2% |
| 2010 | +8.3% | +7.2% | +2.5% | +8.4% | -7.4% | -2.5% | +12.3% | -8.7% | +3.0% | +1.5% | +3.1% | +16.4% |
| 2009 | -26.4% | -4.6% | -0.6% | -1.7% | -5.9% | -4.7% | +24.5% | -1.7% | +3.8% | +1.8% | -0.3% | +5.3% |
| 2008 | +9.9% | +1.3% | +12.1% | +3.8% | -5.3% | -13.7% | +14.4% | -4.2% | +12.4% | -0.8% | -7.6% | +6.8% |
| 2007 | -1.5% | -5.5% | -1.3% | -1.9% | +0.3% | -1.7% | -10.2% | +11.9% | -1.9% | +7.1% | -3.5% | -0.5% |
| 2006 | +3.2% | -6.8% | +3.9% | -8.0% | -5.6% | +5.1% | +4.8% | +3.4% | +2.2% | +12.1% | -3.3% | -3.5% |
| 2005 | -15.6% | -1.7% | -1.5% | -3.4% | +5.3% | +5.5% | -1.4% | -1.7% | -3.6% | +5.1% | +1.3% | -5.5% |
| 2004 | -2.8% | -2.7% | +0.6% | -12.0% | +8.2% | +4.2% | -1.2% | +13.5% | -0.9% | +9.8% | +0.3% | +2.7% |
| 2003 | +3.8% | +0.4% | -3.1% | +10.3% | +11.1% | -0.5% | +11.1% | +3.7% | +1.0% | +11.0% | -0.1% | +1.3% |
| 2002 | +9.2% | +1.1% | +5.3% | +12.0% | -7.9% | +4.7% | -5.8% | +1.2% | -2.8% | +8.0% | +0.0% | -1.1% |
| 2001 | +13.8% | +1.3% | -0.8% | -5.0% | +6.9% | -0.7% | -5.8% | +6.0% | -1.7% | -1.4% | -6.0% | +3.7% |
| 2000 | -0.4% | -6.3% | +7.2% | -0.2% | +0.0% | -1.5% | -0.2% | -0.4% | +19.0% | -6.3% | -8.7% | +13.3% |
| 1999 | -5.8% | -5.3% | -8.1% | +6.3% | -7.3% | +9.2% | +2.6% | -5.5% | +12.4% | -2.4% | -1.3% | -11.6% |
| 1998 | -0.9% | +10.5% | -0.3% | +4.7% | -4.6% | -7.2% | -2.2% | -18.4% | +15.8% | -2.4% | +3.9% | +1.6% |
| 1997 | +5.3% | +5.6% | +8.3% | -10.6% | +13.2% | +19.7% | -4.0% | +3.4% | +4.0% | +0.9% | -0.9% | +8.7% |
| 1996 | +0.7% | -2.5% | -0.4% | +1.8% | +3.2% | -3.5% | -1.1% | +13.0% | -0.3% | +7.1% | +7.8% | +0.0% |
| 1995 | -2.3% | +2.3% | +4.5% | -6.9% | -0.9% | +2.8% | +15.9% | +18.4% | -2.6% | -6.8% | +6.6% | -3.8% |
| 1994 | +6.0% | +0.8% | -3.2% | -0.8% | +0.0% | +6.3% | -3.1% | +4.9% | +0.8% | -0.8% | -2.7% | -11.6% |
| 1993 | +4.3% | -1.0% | +19.7% | -2.6% | -7.6% | +4.3% | +1.8% | +5.4% | +4.3% | +1.6% | -3.2% | -2.5% |
| 1992 | +4.8% | +9.1% | +7.5% | +6.2% | +0.0% | -7.3% | +11.8% | +4.2% | +4.1% | +7.8% | -6.0% | +19.9% |
| 1991 | +0.0% | +35.6% | +2.0% | +22.4% | -6.8% | -4.8% | +3.6% | +11.7% | +8.0% | -9.6% | +5.8% | +7.7% |
| 1990 | -3.2% | +3.3% | -5.1% | +1.8% | -11.0% | +0.5% | +2.1% | -8.5% | -14.8% | +17.4% | -10.0% | -5.3% |
| 1989 | +0.0% | +7.1% | +3.9% | +2.4% | +2.6% | +5.1% | +0.0% | +11.1% | +7.6% | -8.6% | +1.7% | -4.7% |
| 1988 | +15.2% | +0.0% | +3.5% | -6.0% | -3.3% | +10.6% | -6.2% | +1.6% | +3.8% | -0.8% | +1.6% | -2.4% |
| 1987 | +8.8% | +2.9% | -0.0% | -2.7% | -1.6% | +3.6% | -0.7% | +1.4% | +12.3% | -20.3% | -2.7% | +8.8% |
| 1986 | +0.0% | +4.6% | +15.7% | +5.8% | +4.2% | +14.8% | +2.5% | -3.5% | -4.0% | +1.5% | -7.8% | -3.0% |
| 1985 | — | — | — | — | — | — | — | — | — | — | — | +9.9% |
| Avg | -0.4% | +1.9% | +1.6% | +0.6% | -0.4% | +1.8% | +3.2% | +1.6% | +1.1% | +2.2% | +1.2% | +1.8% |
| Median | +0.0% | +1.1% | +0.6% | -0.2% | +0.0% | +2.7% | +1.3% | +1.5% | +1.2% | +1.6% | +0.1% | +1.6% |
| Last 5Y Avg | -1.9% | +0.1% | -4.2% | -3.8% | +2.0% | +1.1% | +7.8% | +0.3% | -6.1% | +0.6% | +5.9% | +2.7% |
| Std Dev (σ) | 8.2% | 7.1% | 6.6% | 7.0% | 5.6% | 6.2% | 8.6% | 7.7% | 7.3% | 7.5% | 6.4% | 7.7% |
| Consistency (μ/σ) | -0.05 | 0.26 | 0.24 | 0.09 | -0.07 | 0.29 | 0.37 | 0.21 | 0.15 | 0.29 | 0.19 | 0.24 |
| Win Rate (%) | 44% | 56% | 54% | 49% | 46% | 59% | 55% | 57% | 55% | 60% | 53% | 56% |
| Winning / Losing Months | ▲18▼23 | ▲23▼18 | ▲22▼19 | ▲20▼21 | ▲19▼22 | ▲24▼17 | ▲22▼18 | ▲23▼17 | ▲22▼18 | ▲24▼16 | ▲21▼19 | ▲23▼18 |
| Longest Win / Loss Streak | ▲3▼5 | ▲4▼4 | ▲5▼2 | ▲6▼4 | ▲3▼6 | ▲6▼5 | ▲6▼3 | ▲7▼4 | ▲4▼6 | ▲6▼4 | ▲6▼5 | ▲7▼4 |
| Best | +15.2%in January 1988 | +35.6%in February 1991 | +19.7%in March 1993 | +22.4%in April 1991 | +13.2%in May 1997 | +19.7%in June 1997 | +30.7%in July 2024 | +18.4%in August 1995 | +19.0%in September 2000 | +17.4%in October 1990 | +20.3%in November 2016 | +19.9%in December 1992 |
| Worst | -26.4%in January 2009 | -8.2%in February 2020 | -13.3%in March 2023 | -12.0%in April 2004 | -11.0%in May 1990 | -13.7%in June 2008 | -10.2%in July 2007 | -18.4%in August 1998 | -14.8%in September 1990 | -20.3%in October 1987 | -10.0%in November 1990 | -11.6%in December 1999 |
−26.4%+35.6%
2026
Jan+8.8%
Feb-3.1%
Mar-2.3%
Apr+8.0%
May+0.4%
Jun+6.2%
Jul-1.2%
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+6.2%
Feb-3.4%
Mar-9.4%
Apr-4.0%
May+3.0%
Jun+1.9%
Jul-7.3%
Aug+13.6%
Sep-1.3%
Oct-5.4%
Nov+2.3%
Dec+2.0%
2024
Jan-12.2%
Feb-1.0%
Mar+7.1%
Apr-10.0%
May+5.2%
Jun+4.9%
Jul+30.7%
Aug-0.8%
Sep-4.3%
Oct+5.3%
Nov+13.2%
Dec-10.3%
2023
Jan-8.3%
Feb+5.8%
Mar-13.3%
Apr-4.8%
May-1.0%
Jun-4.4%
Jul+14.8%
Aug-11.7%
Sep-10.3%
Oct-5.3%
Nov+11.1%
Dec+18.5%
2022
Jan-4.1%
Feb+2.1%
Mar-3.2%
Apr-8.2%
May+2.5%
Jun-3.5%
Jul+6.4%
Aug-2.9%
Sep-7.5%
Oct+3.9%
Nov+4.3%
Dec-2.7%
2021
Jan+4.1%
Feb+9.8%
Mar+8.3%
Apr+1.2%
May+4.5%
Jun-6.2%
Jul-5.3%
Aug+3.3%
Sep-7.0%
Oct+4.8%
Nov-1.4%
Dec+6.0%
2020
Jan-6.6%
Feb-8.2%
Mar-2.5%
Apr+6.3%
May-4.9%
Jun-3.3%
Jul-1.4%
Aug+7.0%
Sep-8.8%
Oct+6.5%
Nov+7.4%
Dec+0.7%
2019
Jan+2.8%
Feb+8.1%
Mar-7.2%
Apr+11.2%
May-7.0%
Jun+7.1%
Jul+0.2%
Aug-7.6%
Sep+1.8%
Oct+9.9%
Nov+0.1%
Dec+5.2%
2018
Jan-0.8%
Feb+0.0%
Mar+1.1%
Apr+5.0%
May+6.5%
Jun-0.8%
Jul+7.1%
Aug+4.6%
Sep-7.1%
Oct-4.4%
Nov+12.5%
Dec-10.7%
2017
Jan-5.6%
Feb+1.8%
Mar-6.9%
Apr+1.8%
May-3.9%
Jun+4.3%
Jul-1.6%
Aug-6.3%
Sep+8.1%
Oct+0.1%
Nov+0.2%
Dec-2.3%
2016
Jan-5.8%
Feb-1.6%
Mar+4.0%
Apr+3.6%
May+4.2%
Jun+0.4%
Jul+7.4%
Aug+8.7%
Sep+2.1%
Oct-2.1%
Nov+20.3%
Dec+9.6%
2015
Jan-11.8%
Feb+5.6%
Mar+0.5%
Apr-1.3%
May+2.3%
Jun+7.9%
Jul+1.2%
Aug-6.7%
Sep+5.2%
Oct+9.6%
Nov+5.8%
Dec-6.7%
2014
Jan-10.3%
Feb+2.3%
Mar+7.9%
Apr-4.7%
May-4.5%
Jun+2.7%
Jul-2.7%
Aug+0.3%
Sep-4.2%
Oct+13.6%
Nov-3.1%
Dec+3.9%
2013
Jan+3.8%
Feb+1.7%
Mar+3.6%
Apr-3.3%
May+2.5%
Jun+6.1%
Jul+8.7%
Aug-0.9%
Sep+3.5%
Oct+6.4%
Nov+7.0%
Dec+2.9%
2012
Jan-1.6%
Feb-0.1%
Mar+6.4%
Apr-2.3%
May-5.4%
Jun+2.9%
Jul+1.4%
Aug+2.0%
Sep+1.4%
Oct-2.1%
Nov-2.6%
Dec+2.8%
2011
Jan-9.0%
Feb-0.5%
Mar-2.6%
Apr+3.1%
May+0.3%
Jun-0.2%
Jul+1.5%
Aug-0.5%
Sep-8.3%
Oct+12.7%
Nov+3.3%
Dec+6.2%
2010
Jan+8.3%
Feb+7.2%
Mar+2.5%
Apr+8.4%
May-7.4%
Jun-2.5%
Jul+12.3%
Aug-8.7%
Sep+3.0%
Oct+1.5%
Nov+3.1%
Dec+16.4%
2009
Jan-26.4%
Feb-4.6%
Mar-0.6%
Apr-1.7%
May-5.9%
Jun-4.7%
Jul+24.5%
Aug-1.7%
Sep+3.8%
Oct+1.8%
Nov-0.3%
Dec+5.3%
2008
Jan+9.9%
Feb+1.3%
Mar+12.1%
Apr+3.8%
May-5.3%
Jun-13.7%
Jul+14.4%
Aug-4.2%
Sep+12.4%
Oct-0.8%
Nov-7.6%
Dec+6.8%
2007
Jan-1.5%
Feb-5.5%
Mar-1.3%
Apr-1.9%
May+0.3%
Jun-1.7%
Jul-10.2%
Aug+11.9%
Sep-1.9%
Oct+7.1%
Nov-3.5%
Dec-0.5%
2006
Jan+3.2%
Feb-6.8%
Mar+3.9%
Apr-8.0%
May-5.6%
Jun+5.1%
Jul+4.8%
Aug+3.4%
Sep+2.2%
Oct+12.1%
Nov-3.3%
Dec-3.5%
2005
Jan-15.6%
Feb-1.7%
Mar-1.5%
Apr-3.4%
May+5.3%
Jun+5.5%
Jul-1.4%
Aug-1.7%
Sep-3.6%
Oct+5.1%
Nov+1.3%
Dec-5.5%
2004
Jan-2.8%
Feb-2.7%
Mar+0.6%
Apr-12.0%
May+8.2%
Jun+4.2%
Jul-1.2%
Aug+13.5%
Sep-0.9%
Oct+9.8%
Nov+0.3%
Dec+2.7%
2003
Jan+3.8%
Feb+0.4%
Mar-3.1%
Apr+10.3%
May+11.1%
Jun-0.5%
Jul+11.1%
Aug+3.7%
Sep+1.0%
Oct+11.0%
Nov-0.1%
Dec+1.3%
2002
Jan+9.2%
Feb+1.1%
Mar+5.3%
Apr+12.0%
May-7.9%
Jun+4.7%
Jul-5.8%
Aug+1.2%
Sep-2.8%
Oct+8.0%
Nov+0.0%
Dec-1.1%
2001
Jan+13.8%
Feb+1.3%
Mar-0.8%
Apr-5.0%
May+6.9%
Jun-0.7%
Jul-5.8%
Aug+6.0%
Sep-1.7%
Oct-1.4%
Nov-6.0%
Dec+3.7%
2000
Jan-0.4%
Feb-6.3%
Mar+7.2%
Apr-0.2%
May+0.0%
Jun-1.5%
Jul-0.2%
Aug-0.4%
Sep+19.0%
Oct-6.3%
Nov-8.7%
Dec+13.3%
1999
Jan-5.8%
Feb-5.3%
Mar-8.1%
Apr+6.3%
May-7.3%
Jun+9.2%
Jul+2.6%
Aug-5.5%
Sep+12.4%
Oct-2.4%
Nov-1.3%
Dec-11.6%
1998
Jan-0.9%
Feb+10.5%
Mar-0.3%
Apr+4.7%
May-4.6%
Jun-7.2%
Jul-2.2%
Aug-18.4%
Sep+15.8%
Oct-2.4%
Nov+3.9%
Dec+1.6%
1997
Jan+5.3%
Feb+5.6%
Mar+8.3%
Apr-10.6%
May+13.2%
Jun+19.7%
Jul-4.0%
Aug+3.4%
Sep+4.0%
Oct+0.9%
Nov-0.9%
Dec+8.7%
1996
Jan+0.7%
Feb-2.5%
Mar-0.4%
Apr+1.8%
May+3.2%
Jun-3.5%
Jul-1.1%
Aug+13.0%
Sep-0.3%
Oct+7.1%
Nov+7.8%
Dec+0.0%
1995
Jan-2.3%
Feb+2.3%
Mar+4.5%
Apr-6.9%
May-0.9%
Jun+2.8%
Jul+15.9%
Aug+18.4%
Sep-2.6%
Oct-6.8%
Nov+6.6%
Dec-3.8%
1994
Jan+6.0%
Feb+0.8%
Mar-3.2%
Apr-0.8%
May+0.0%
Jun+6.3%
Jul-3.1%
Aug+4.9%
Sep+0.8%
Oct-0.8%
Nov-2.7%
Dec-11.6%
1993
Jan+4.3%
Feb-1.0%
Mar+19.7%
Apr-2.6%
May-7.6%
Jun+4.3%
Jul+1.8%
Aug+5.4%
Sep+4.3%
Oct+1.6%
Nov-3.2%
Dec-2.5%
1992
Jan+4.8%
Feb+9.1%
Mar+7.5%
Apr+6.2%
May+0.0%
Jun-7.3%
Jul+11.8%
Aug+4.2%
Sep+4.1%
Oct+7.8%
Nov-6.0%
Dec+19.9%
1991
Jan+0.0%
Feb+35.6%
Mar+2.0%
Apr+22.4%
May-6.8%
Jun-4.8%
Jul+3.6%
Aug+11.7%
Sep+8.0%
Oct-9.6%
Nov+5.8%
Dec+7.7%
1990
Jan-3.2%
Feb+3.3%
Mar-5.1%
Apr+1.8%
May-11.0%
Jun+0.5%
Jul+2.1%
Aug-8.5%
Sep-14.8%
Oct+17.4%
Nov-10.0%
Dec-5.3%
1989
Jan+0.0%
Feb+7.1%
Mar+3.9%
Apr+2.4%
May+2.6%
Jun+5.1%
Jul+0.0%
Aug+11.1%
Sep+7.6%
Oct-8.6%
Nov+1.7%
Dec-4.7%
1988
Jan+15.2%
Feb+0.0%
Mar+3.5%
Apr-6.0%
May-3.3%
Jun+10.6%
Jul-6.2%
Aug+1.6%
Sep+3.8%
Oct-0.8%
Nov+1.6%
Dec-2.4%
1987
Jan+8.8%
Feb+2.9%
Mar-0.0%
Apr-2.7%
May-1.6%
Jun+3.6%
Jul-0.7%
Aug+1.4%
Sep+12.3%
Oct-20.3%
Nov-2.7%
Dec+8.8%
1986
Jan+0.0%
Feb+4.6%
Mar+15.7%
Apr+5.8%
May+4.2%
Jun+14.8%
Jul+2.5%
Aug-3.5%
Sep-4.0%
Oct+1.5%
Nov-7.8%
Dec-3.0%
1985
Jan—
Feb—
Mar—
Apr—
May—
Jun—
Jul—
Aug—
Sep—
Oct—
Nov—
Dec+9.9%
Avg
Jan-0.4%
Feb+1.9%
Mar+1.6%
Apr+0.6%
May-0.4%
Jun+1.8%
Jul+3.2%
Aug+1.6%
Sep+1.1%
Oct+2.2%
Nov+1.2%
Dec+1.8%
Median
Jan+0.0%
Feb+1.1%
Mar+0.6%
Apr-0.2%
May+0.0%
Jun+2.7%
Jul+1.3%
Aug+1.5%
Sep+1.2%
Oct+1.6%
Nov+0.1%
Dec+1.6%
Last 5Y Avg
Jan-1.9%
Feb+0.1%
Mar-4.2%
Apr-3.8%
May+2.0%
Jun+1.1%
Jul+7.8%
Aug+0.3%
Sep-6.1%
Oct+0.6%
Nov+5.9%
Dec+2.7%
Std Dev (σ)
Jan8.2%
Feb7.1%
Mar6.6%
Apr7.0%
May5.6%
Jun6.2%
Jul8.6%
Aug7.7%
Sep7.3%
Oct7.5%
Nov6.4%
Dec7.7%
Consistency (μ/σ)
Jan-0.05
Feb0.26
Mar0.24
Apr0.09
May-0.07
Jun0.29
Jul0.37
Aug0.21
Sep0.15
Oct0.29
Nov0.19
Dec0.24
Win Rate (%)
Jan44%
Feb56%
Mar54%
Apr49%
May46%
Jun59%
Jul55%
Aug57%
Sep55%
Oct60%
Nov53%
Dec56%
Winning / Losing Months
Jan▲18▼23
Feb▲23▼18
Mar▲22▼19
Apr▲20▼21
May▲19▼22
Jun▲24▼17
Jul▲22▼18
Aug▲23▼17
Sep▲22▼18
Oct▲24▼16
Nov▲21▼19
Dec▲23▼18
Longest Win / Loss Streak
Jan▲3▼5
Feb▲4▼4
Mar▲5▼2
Apr▲6▼4
May▲3▼6
Jun▲6▼5
Jul▲6▼3
Aug▲7▼4
Sep▲4▼6
Oct▲6▼4
Nov▲6▼5
Dec▲7▼4
Best
Jan+15.2%1988
Feb+35.6%1991
Mar+19.7%1993
Apr+22.4%1991
May+13.2%1997
Jun+19.7%1997
Jul+30.7%2024
Aug+18.4%1995
Sep+19.0%2000
Oct+17.4%1990
Nov+20.3%2016
Dec+19.9%1992
Worst
Jan-26.4%2009
Feb-8.2%2020
Mar-13.3%2023
Apr-12.0%2004
May-11.0%1990
Jun-13.7%2008
Jul-10.2%2007
Aug-18.4%1998
Sep-14.8%1990
Oct-20.3%1987
Nov-10.0%1990
Dec-11.6%1999
−26.4%+35.6%
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