Moody's (MCO) 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 | +0.9% | -7.4% | -8.5% | +5.9% | -1.9% | -1.2% | — | — | — | — | — | — |
| 2025 | +5.5% | +1.1% | -7.6% | -2.7% | +6.0% | +4.6% | +2.8% | -1.0% | -6.5% | +0.8% | +2.4% | +4.1% |
| 2024 | +0.4% | -3.0% | +3.6% | -5.8% | +7.4% | +6.0% | +8.4% | +7.0% | -2.7% | -4.3% | +10.3% | -5.3% |
| 2023 | +15.8% | -9.9% | +5.5% | +2.3% | +1.5% | +9.7% | +1.4% | -4.3% | -6.1% | -2.6% | +18.7% | +7.0% |
| 2022 | -12.2% | -5.9% | +4.8% | -6.2% | -4.5% | -9.8% | +14.1% | -8.1% | -14.6% | +8.9% | +12.9% | -6.6% |
| 2021 | -8.3% | +3.5% | +8.6% | +9.4% | +2.8% | +8.1% | +3.8% | +1.4% | -6.7% | +13.8% | -3.2% | -0.0% |
| 2020 | +8.2% | -6.3% | -11.9% | +15.3% | +9.9% | +2.7% | +2.4% | +4.9% | -1.6% | -9.3% | +7.6% | +2.8% |
| 2019 | +13.2% | +9.5% | +4.6% | +8.6% | -6.7% | +6.8% | +9.7% | +0.8% | -5.0% | +7.7% | +2.9% | +4.7% |
| 2018 | +9.6% | +3.4% | -3.3% | +0.6% | +5.4% | -0.0% | +0.3% | +4.3% | -6.1% | -13.0% | +9.7% | -12.0% |
| 2017 | +10.0% | +7.8% | +0.6% | +5.6% | +0.4% | +2.7% | +8.2% | +2.1% | +3.9% | +2.3% | +6.9% | -2.8% |
| 2016 | -11.2% | +0.1% | +8.7% | -0.9% | +3.5% | -5.0% | +13.1% | +2.9% | -0.4% | -7.2% | +0.4% | -6.2% |
| 2015 | -4.7% | +6.5% | +7.1% | +3.6% | +0.8% | -0.1% | +2.3% | -7.1% | -4.0% | -2.1% | +7.6% | -2.7% |
| 2014 | -5.0% | +6.3% | +0.4% | -1.0% | +9.3% | +2.5% | -0.8% | +7.9% | +1.0% | +5.0% | +2.1% | -5.1% |
| 2013 | +8.9% | -12.0% | +11.0% | +14.1% | +9.5% | -8.3% | +11.2% | -5.9% | +10.7% | +0.5% | +6.0% | +5.2% |
| 2012 | +10.5% | +4.1% | +9.0% | -2.7% | -10.2% | -0.1% | +10.9% | -1.9% | +11.5% | +9.1% | +1.2% | +3.6% |
| 2011 | +10.7% | +9.0% | +6.3% | +15.4% | +2.3% | -3.9% | -7.2% | -13.0% | -1.3% | +16.6% | -1.8% | -3.0% |
| 2010 | +2.9% | -3.2% | +11.8% | -16.9% | -16.7% | -2.9% | +18.2% | -9.8% | +18.2% | +8.3% | -0.4% | -1.1% |
| 2009 | +6.7% | -15.8% | +27.7% | +28.8% | -6.9% | -3.8% | -9.9% | +15.3% | -24.9% | +15.7% | -1.5% | +15.4% |
| 2008 | -2.6% | +9.5% | -8.3% | +6.1% | +0.6% | -7.1% | +1.1% | +17.1% | -16.4% | -24.7% | -14.8% | -7.5% |
| 2007 | +3.6% | -9.4% | -4.1% | +6.5% | +5.5% | -10.7% | -13.5% | -14.7% | +9.9% | -13.2% | -13.7% | -5.2% |
| 2006 | +3.1% | +5.9% | +6.7% | -13.2% | -15.6% | +4.1% | +0.8% | +11.6% | +6.9% | +1.4% | +4.9% | -0.6% |
| 2005 | -3.5% | +0.2% | -3.7% | +1.6% | +5.5% | +3.9% | +5.2% | +3.9% | +4.0% | +4.3% | +13.0% | +2.1% |
| 2004 | +5.5% | +4.7% | +5.9% | -8.9% | +1.5% | -1.2% | +5.3% | +0.8% | +6.9% | +6.2% | +3.9% | +7.6% |
| 2003 | +1.4% | +5.5% | +4.8% | +4.4% | +8.1% | +1.1% | -1.9% | +0.3% | +6.0% | +5.2% | -0.9% | +5.7% |
| 2002 | -5.8% | -1.2% | +11.0% | +6.0% | +10.7% | +3.3% | -0.4% | -2.5% | +0.4% | -2.9% | -6.4% | -6.2% |
| 2001 | +9.0% | -3.6% | +2.3% | +13.9% | +2.4% | +4.4% | -0.7% | +3.6% | +7.5% | -6.2% | +0.1% | +14.9% |
| 2000 | -14.7% | +5.9% | +9.3% | +5.2% | +3.6% | -6.8% | +3.1% | +13.5% | +4.3% | +0.1% | -1.2% | -1.0% |
| 1999 | -3.3% | +14.0% | +4.1% | +3.1% | -3.4% | +1.3% | -10.4% | -16.2% | +14.0% | -1.7% | -6.4% | +9.2% |
| 1998 | +3.2% | +6.6% | +2.1% | +3.9% | -3.1% | +2.4% | -19.3% | -14.6% | +17.4% | +5.1% | +8.1% | +4.6% |
| 1997 | +0.8% | +4.5% | +3.4% | -2.6% | +8.6% | +0.7% | +2.5% | +5.9% | +1.2% | +1.2% | -0.3% | +10.8% |
| 1996 | +0.0% | +4.8% | -4.4% | +0.9% | +13.8% | -2.8% | -7.8% | +3.1% | +3.9% | -2.9% | +6.8% | +5.2% |
| 1995 | -9.5% | +13.4% | +1.8% | -0.7% | +10.9% | -0.7% | +6.6% | +12.1% | +0.0% | +3.0% | +12.9% | +4.3% |
| 1994 | — | — | — | — | — | — | — | — | — | — | -1.9% | +4.3% |
| Avg | +1.5% | +1.5% | +3.4% | +3.1% | +1.9% | +0.0% | +1.9% | +0.6% | +1.0% | +0.8% | +2.7% | +1.4% |
| Median | +2.2% | +3.8% | +4.4% | +3.4% | +2.6% | +0.7% | +2.4% | +1.4% | +1.0% | +1.2% | +2.2% | +2.5% |
| Last 5Y Avg | +2.1% | -5.0% | -0.4% | -1.3% | +1.7% | +3.7% | +6.1% | -1.0% | -7.3% | +3.3% | +8.2% | -0.2% |
| Std Dev (σ) | 7.8% | 7.4% | 7.6% | 8.9% | 7.4% | 5.2% | 8.4% | 8.9% | 9.5% | 8.8% | 7.4% | 6.6% |
| Consistency (μ/σ) | 0.20 | 0.21 | 0.45 | 0.35 | 0.26 | 0.01 | 0.23 | 0.07 | 0.11 | 0.09 | 0.36 | 0.22 |
| Win Rate (%) | 63% | 66% | 75% | 66% | 72% | 52% | 68% | 61% | 55% | 61% | 63% | 53% |
| Winning / Losing Months | ▲20▼12 | ▲21▼11 | ▲24▼8 | ▲21▼11 | ▲23▼9 | ▲16▼15 | ▲21▼10 | ▲19▼12 | ▲17▼14 | ▲19▼12 | ▲20▼12 | ▲17▼15 |
| Longest Win / Loss Streak | ▲5▼3 | ▲6▼3 | ▲9▼2 | ▲6▼2 | ▲6▼2 | ▲3▼7 | ▲11▼3 | ▲6▼4 | ▲12▼8 | ▲6▼2 | ▲9▼5 | ▲6▼5 |
| Best | +15.8%in January 2023 | +14.0%in February 1999 | +27.7%in March 2009 | +28.8%in April 2009 | +13.8%in May 1996 | +9.7%in June 2023 | +18.2%in July 2010 | +17.1%in August 2008 | +18.2%in September 2010 | +16.6%in October 2011 | +18.7%in November 2023 | +15.4%in December 2009 |
| Worst | -14.7%in January 2000 | -15.8%in February 2009 | -11.9%in March 2020 | -16.9%in April 2010 | -16.7%in May 2010 | -10.7%in June 2007 | -19.3%in July 1998 | -16.2%in August 1999 | -24.9%in September 2009 | -24.7%in October 2008 | -14.8%in November 2008 | -12.0%in December 2018 |
−24.9%+28.8%
2026
Jan+0.9%
Feb-7.4%
Mar-8.5%
Apr+5.9%
May-1.9%
Jun-1.2%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+5.5%
Feb+1.1%
Mar-7.6%
Apr-2.7%
May+6.0%
Jun+4.6%
Jul+2.8%
Aug-1.0%
Sep-6.5%
Oct+0.8%
Nov+2.4%
Dec+4.1%
2024
Jan+0.4%
Feb-3.0%
Mar+3.6%
Apr-5.8%
May+7.4%
Jun+6.0%
Jul+8.4%
Aug+7.0%
Sep-2.7%
Oct-4.3%
Nov+10.3%
Dec-5.3%
2023
Jan+15.8%
Feb-9.9%
Mar+5.5%
Apr+2.3%
May+1.5%
Jun+9.7%
Jul+1.4%
Aug-4.3%
Sep-6.1%
Oct-2.6%
Nov+18.7%
Dec+7.0%
2022
Jan-12.2%
Feb-5.9%
Mar+4.8%
Apr-6.2%
May-4.5%
Jun-9.8%
Jul+14.1%
Aug-8.1%
Sep-14.6%
Oct+8.9%
Nov+12.9%
Dec-6.6%
2021
Jan-8.3%
Feb+3.5%
Mar+8.6%
Apr+9.4%
May+2.8%
Jun+8.1%
Jul+3.8%
Aug+1.4%
Sep-6.7%
Oct+13.8%
Nov-3.2%
Dec-0.0%
2020
Jan+8.2%
Feb-6.3%
Mar-11.9%
Apr+15.3%
May+9.9%
Jun+2.7%
Jul+2.4%
Aug+4.9%
Sep-1.6%
Oct-9.3%
Nov+7.6%
Dec+2.8%
2019
Jan+13.2%
Feb+9.5%
Mar+4.6%
Apr+8.6%
May-6.7%
Jun+6.8%
Jul+9.7%
Aug+0.8%
Sep-5.0%
Oct+7.7%
Nov+2.9%
Dec+4.7%
2018
Jan+9.6%
Feb+3.4%
Mar-3.3%
Apr+0.6%
May+5.4%
Jun-0.0%
Jul+0.3%
Aug+4.3%
Sep-6.1%
Oct-13.0%
Nov+9.7%
Dec-12.0%
2017
Jan+10.0%
Feb+7.8%
Mar+0.6%
Apr+5.6%
May+0.4%
Jun+2.7%
Jul+8.2%
Aug+2.1%
Sep+3.9%
Oct+2.3%
Nov+6.9%
Dec-2.8%
2016
Jan-11.2%
Feb+0.1%
Mar+8.7%
Apr-0.9%
May+3.5%
Jun-5.0%
Jul+13.1%
Aug+2.9%
Sep-0.4%
Oct-7.2%
Nov+0.4%
Dec-6.2%
2015
Jan-4.7%
Feb+6.5%
Mar+7.1%
Apr+3.6%
May+0.8%
Jun-0.1%
Jul+2.3%
Aug-7.1%
Sep-4.0%
Oct-2.1%
Nov+7.6%
Dec-2.7%
2014
Jan-5.0%
Feb+6.3%
Mar+0.4%
Apr-1.0%
May+9.3%
Jun+2.5%
Jul-0.8%
Aug+7.9%
Sep+1.0%
Oct+5.0%
Nov+2.1%
Dec-5.1%
2013
Jan+8.9%
Feb-12.0%
Mar+11.0%
Apr+14.1%
May+9.5%
Jun-8.3%
Jul+11.2%
Aug-5.9%
Sep+10.7%
Oct+0.5%
Nov+6.0%
Dec+5.2%
2012
Jan+10.5%
Feb+4.1%
Mar+9.0%
Apr-2.7%
May-10.2%
Jun-0.1%
Jul+10.9%
Aug-1.9%
Sep+11.5%
Oct+9.1%
Nov+1.2%
Dec+3.6%
2011
Jan+10.7%
Feb+9.0%
Mar+6.3%
Apr+15.4%
May+2.3%
Jun-3.9%
Jul-7.2%
Aug-13.0%
Sep-1.3%
Oct+16.6%
Nov-1.8%
Dec-3.0%
2010
Jan+2.9%
Feb-3.2%
Mar+11.8%
Apr-16.9%
May-16.7%
Jun-2.9%
Jul+18.2%
Aug-9.8%
Sep+18.2%
Oct+8.3%
Nov-0.4%
Dec-1.1%
2009
Jan+6.7%
Feb-15.8%
Mar+27.7%
Apr+28.8%
May-6.9%
Jun-3.8%
Jul-9.9%
Aug+15.3%
Sep-24.9%
Oct+15.7%
Nov-1.5%
Dec+15.4%
2008
Jan-2.6%
Feb+9.5%
Mar-8.3%
Apr+6.1%
May+0.6%
Jun-7.1%
Jul+1.1%
Aug+17.1%
Sep-16.4%
Oct-24.7%
Nov-14.8%
Dec-7.5%
2007
Jan+3.6%
Feb-9.4%
Mar-4.1%
Apr+6.5%
May+5.5%
Jun-10.7%
Jul-13.5%
Aug-14.7%
Sep+9.9%
Oct-13.2%
Nov-13.7%
Dec-5.2%
2006
Jan+3.1%
Feb+5.9%
Mar+6.7%
Apr-13.2%
May-15.6%
Jun+4.1%
Jul+0.8%
Aug+11.6%
Sep+6.9%
Oct+1.4%
Nov+4.9%
Dec-0.6%
2005
Jan-3.5%
Feb+0.2%
Mar-3.7%
Apr+1.6%
May+5.5%
Jun+3.9%
Jul+5.2%
Aug+3.9%
Sep+4.0%
Oct+4.3%
Nov+13.0%
Dec+2.1%
2004
Jan+5.5%
Feb+4.7%
Mar+5.9%
Apr-8.9%
May+1.5%
Jun-1.2%
Jul+5.3%
Aug+0.8%
Sep+6.9%
Oct+6.2%
Nov+3.9%
Dec+7.6%
2003
Jan+1.4%
Feb+5.5%
Mar+4.8%
Apr+4.4%
May+8.1%
Jun+1.1%
Jul-1.9%
Aug+0.3%
Sep+6.0%
Oct+5.2%
Nov-0.9%
Dec+5.7%
2002
Jan-5.8%
Feb-1.2%
Mar+11.0%
Apr+6.0%
May+10.7%
Jun+3.3%
Jul-0.4%
Aug-2.5%
Sep+0.4%
Oct-2.9%
Nov-6.4%
Dec-6.2%
2001
Jan+9.0%
Feb-3.6%
Mar+2.3%
Apr+13.9%
May+2.4%
Jun+4.4%
Jul-0.7%
Aug+3.6%
Sep+7.5%
Oct-6.2%
Nov+0.1%
Dec+14.9%
2000
Jan-14.7%
Feb+5.9%
Mar+9.3%
Apr+5.2%
May+3.6%
Jun-6.8%
Jul+3.1%
Aug+13.5%
Sep+4.3%
Oct+0.1%
Nov-1.2%
Dec-1.0%
1999
Jan-3.3%
Feb+14.0%
Mar+4.1%
Apr+3.1%
May-3.4%
Jun+1.3%
Jul-10.4%
Aug-16.2%
Sep+14.0%
Oct-1.7%
Nov-6.4%
Dec+9.2%
1998
Jan+3.2%
Feb+6.6%
Mar+2.1%
Apr+3.9%
May-3.1%
Jun+2.4%
Jul-19.3%
Aug-14.6%
Sep+17.4%
Oct+5.1%
Nov+8.1%
Dec+4.6%
1997
Jan+0.8%
Feb+4.5%
Mar+3.4%
Apr-2.6%
May+8.6%
Jun+0.7%
Jul+2.5%
Aug+5.9%
Sep+1.2%
Oct+1.2%
Nov-0.3%
Dec+10.8%
1996
Jan+0.0%
Feb+4.8%
Mar-4.4%
Apr+0.9%
May+13.8%
Jun-2.8%
Jul-7.8%
Aug+3.1%
Sep+3.9%
Oct-2.9%
Nov+6.8%
Dec+5.2%
1995
Jan-9.5%
Feb+13.4%
Mar+1.8%
Apr-0.7%
May+10.9%
Jun-0.7%
Jul+6.6%
Aug+12.1%
Sep+0.0%
Oct+3.0%
Nov+12.9%
Dec+4.3%
1994
Jan—
Feb—
Mar—
Apr—
May—
Jun—
Jul—
Aug—
Sep—
Oct—
Nov-1.9%
Dec+4.3%
Avg
Jan+1.5%
Feb+1.5%
Mar+3.4%
Apr+3.1%
May+1.9%
Jun+0.0%
Jul+1.9%
Aug+0.6%
Sep+1.0%
Oct+0.8%
Nov+2.7%
Dec+1.4%
Median
Jan+2.2%
Feb+3.8%
Mar+4.4%
Apr+3.4%
May+2.6%
Jun+0.7%
Jul+2.4%
Aug+1.4%
Sep+1.0%
Oct+1.2%
Nov+2.2%
Dec+2.5%
Last 5Y Avg
Jan+2.1%
Feb-5.0%
Mar-0.4%
Apr-1.3%
May+1.7%
Jun+3.7%
Jul+6.1%
Aug-1.0%
Sep-7.3%
Oct+3.3%
Nov+8.2%
Dec-0.2%
Std Dev (σ)
Jan7.8%
Feb7.4%
Mar7.6%
Apr8.9%
May7.4%
Jun5.2%
Jul8.4%
Aug8.9%
Sep9.5%
Oct8.8%
Nov7.4%
Dec6.6%
Consistency (μ/σ)
Jan0.20
Feb0.21
Mar0.45
Apr0.35
May0.26
Jun0.01
Jul0.23
Aug0.07
Sep0.11
Oct0.09
Nov0.36
Dec0.22
Win Rate (%)
Jan63%
Feb66%
Mar75%
Apr66%
May72%
Jun52%
Jul68%
Aug61%
Sep55%
Oct61%
Nov63%
Dec53%
Winning / Losing Months
Jan▲20▼12
Feb▲21▼11
Mar▲24▼8
Apr▲21▼11
May▲23▼9
Jun▲16▼15
Jul▲21▼10
Aug▲19▼12
Sep▲17▼14
Oct▲19▼12
Nov▲20▼12
Dec▲17▼15
Longest Win / Loss Streak
Jan▲5▼3
Feb▲6▼3
Mar▲9▼2
Apr▲6▼2
May▲6▼2
Jun▲3▼7
Jul▲11▼3
Aug▲6▼4
Sep▲12▼8
Oct▲6▼2
Nov▲9▼5
Dec▲6▼5
Best
Jan+15.8%2023
Feb+14.0%1999
Mar+27.7%2009
Apr+28.8%2009
May+13.8%1996
Jun+9.7%2023
Jul+18.2%2010
Aug+17.1%2008
Sep+18.2%2010
Oct+16.6%2011
Nov+18.7%2023
Dec+15.4%2009
Worst
Jan-14.7%2000
Feb-15.8%2009
Mar-11.9%2020
Apr-16.9%2010
May-16.7%2010
Jun-10.7%2007
Jul-19.3%1998
Aug-16.2%1999
Sep-24.9%2009
Oct-24.7%2008
Nov-14.8%2008
Dec-12.0%2018
−24.9%+28.8%
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