Strategy (MSTR) 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 | -1.5% | -13.5% | -3.6% | +32.6% | -3.8% | -22.1% | — | — | — | — | — | — |
| 2025 | +15.6% | -23.7% | +12.9% | +31.9% | -2.9% | +9.5% | -0.6% | -16.8% | -3.6% | -16.4% | -34.3% | -14.2% |
| 2024 | -20.6% | +104.1% | +66.7% | -37.5% | +43.1% | -9.6% | +17.2% | -18.0% | +27.3% | +45.0% | +58.5% | -25.3% |
| 2023 | +77.8% | +4.2% | +11.4% | +12.4% | -8.2% | +13.5% | +27.9% | -18.4% | -8.2% | +29.0% | +17.7% | +26.8% |
| 2022 | -32.4% | +20.4% | +9.8% | -27.2% | -25.3% | -37.9% | +74.1% | -19.0% | -8.3% | +26.0% | -25.9% | -28.5% |
| 2021 | +58.9% | +21.6% | -9.5% | -3.2% | -28.5% | +41.4% | -5.8% | +10.9% | -16.7% | +23.6% | +0.9% | -24.5% |
| 2020 | +6.6% | -11.1% | -12.6% | +6.9% | -1.4% | -5.0% | +4.7% | +16.5% | +4.3% | +11.0% | +105.1% | +13.3% |
| 2019 | -0.7% | +11.5% | +2.0% | +3.7% | -11.2% | +7.8% | -4.6% | +4.8% | +3.6% | +3.3% | -2.0% | -5.1% |
| 2018 | +4.9% | -7.0% | +0.8% | -1.2% | +1.6% | -1.4% | +1.9% | +14.4% | -5.6% | -10.4% | +2.9% | -1.4% |
| 2017 | +2.0% | -4.7% | -2.1% | +1.3% | -4.1% | +5.1% | -29.8% | -4.1% | -1.0% | +3.6% | +3.4% | -4.0% |
| 2016 | -3.8% | -6.7% | +11.7% | -0.2% | +4.0% | -6.2% | -0.1% | -4.6% | +0.4% | +16.4% | -0.4% | +1.8% |
| 2015 | -0.5% | +10.3% | -5.1% | +7.6% | -3.3% | -3.4% | +19.9% | -2.6% | -1.1% | -12.4% | +0.8% | +3.4% |
| 2014 | +1.2% | +2.7% | -10.6% | +5.2% | +16.2% | -0.4% | +1.8% | -2.9% | -5.8% | +23.0% | +6.7% | -5.4% |
| 2013 | +7.4% | +1.6% | -0.8% | -10.8% | +1.4% | -4.9% | +9.2% | -3.4% | +13.1% | +17.5% | +6.0% | -3.9% |
| 2012 | +6.3% | +17.8% | +3.2% | -0.1% | -12.7% | +6.5% | -10.3% | +7.7% | +6.9% | -29.5% | -6.3% | +5.5% |
| 2011 | +24.4% | +11.7% | +13.1% | +5.1% | +3.5% | +11.3% | -2.0% | -22.9% | -7.2% | +15.5% | -6.6% | -12.0% |
| 2010 | -0.3% | -5.4% | -4.0% | -10.0% | +0.7% | -2.6% | +10.5% | -6.1% | +11.2% | +4.6% | -4.5% | -1.2% |
| 2009 | +4.3% | -5.7% | -6.3% | +13.7% | +20.3% | +7.3% | +21.3% | +1.5% | +15.7% | +22.1% | +0.3% | +7.3% |
| 2008 | -23.3% | -8.8% | +11.3% | +19.9% | -10.3% | -18.6% | -6.8% | +6.3% | -7.3% | -33.8% | -9.4% | +3.9% |
| 2007 | +6.5% | +3.9% | +0.2% | -10.0% | -8.8% | -9.0% | -22.6% | -5.3% | +14.6% | +24.0% | +2.6% | -5.7% |
| 2006 | +16.2% | -4.6% | +14.8% | -11.0% | +0.7% | +3.3% | -15.5% | +10.7% | +11.6% | +17.3% | -0.8% | -3.8% |
| 2005 | +20.6% | -2.8% | -23.2% | -19.9% | +28.0% | -4.8% | +45.5% | -0.1% | -8.7% | +0.9% | +4.2% | +11.9% |
| 2004 | +18.9% | +0.0% | -14.6% | -9.8% | +0.0% | -11.2% | -5.9% | -13.9% | +18.8% | +46.0% | +7.7% | -6.7% |
| 2003 | +37.7% | -7.2% | +24.9% | +14.5% | +23.6% | +7.3% | +19.1% | -7.6% | +14.1% | +19.6% | -1.8% | -2.8% |
| 2002 | +6.2% | -34.2% | +13.4% | -43.3% | -28.9% | -59.3% | +35.0% | +67.4% | -28.1% | +51.3% | +48.0% | -17.0% |
| 2001 | +76.9% | -46.6% | -67.9% | +57.6% | -17.0% | -25.7% | +15.7% | -23.8% | -54.3% | +143.4% | +25.1% | +11.9% |
| 2000 | +32.3% | +0.1% | +25.2% | -70.3% | -26.4% | +57.4% | -26.0% | +25.6% | -2.0% | -12.3% | -61.4% | +2.7% |
| 1999 | -8.0% | -14.2% | -22.5% | -10.4% | +44.7% | +51.5% | -9.2% | +15.6% | +41.0% | +72.3% | +26.8% | +71.4% |
| 1998 | — | — | — | — | — | — | +27.3% | -18.9% | +28.5% | -35.0% | -7.7% | +40.0% |
| Avg | +11.9% | +0.5% | +1.4% | -1.9% | -0.2% | +0.8% | +6.9% | -0.2% | +1.9% | +16.6% | +5.6% | +1.4% |
| Median | +6.3% | -3.7% | +0.5% | -0.2% | -2.2% | -1.4% | +1.8% | -3.2% | -0.3% | +16.8% | +0.8% | -2.1% |
| Last 5Y Avg | +7.8% | +18.3% | +19.4% | +2.4% | +0.6% | +3.4% | +22.6% | -12.3% | -1.9% | +21.5% | +3.4% | -13.2% |
| Std Dev (σ) | 25.9% | 25.2% | 22.1% | 24.7% | 19.0% | 23.8% | 22.5% | 18.7% | 18.3% | 35.5% | 29.6% | 20.0% |
| Consistency (μ/σ) | 0.46 | 0.02 | 0.06 | -0.08 | -0.01 | 0.03 | 0.31 | -0.01 | 0.10 | 0.47 | 0.19 | 0.07 |
| Win Rate (%) | 68% | 43% | 54% | 46% | 43% | 44% | 54% | 39% | 50% | 75% | 57% | 43% |
| Winning / Losing Months | ▲19▼9 | ▲12▼16 | ▲15▼13 | ▲13▼15 | ▲12▼16 | ▲12▼15 | ▲15▼13 | ▲11▼17 | ▲14▼14 | ▲21▼7 | ▲16▼12 | ▲12▼16 |
| Longest Win / Loss Streak | ▲8▼2 | ▲5▼6 | ▲4▼3 | ▲2▼4 | ▲3▼5 | ▲2▼4 | ▲3▼3 | ▲4▼5 | ▲2▼3 | ▲7▼1 | ▲3▼3 | ▲4▼3 |
| Best | +77.8%in January 2023 | +104.1%in February 2024 | +66.7%in March 2024 | +57.6%in April 2001 | +44.7%in May 1999 | +57.4%in June 2000 | +74.1%in July 2022 | +67.4%in August 2002 | +41.0%in September 1999 | +143.4%in October 2001 | +105.1%in November 2020 | +71.4%in December 1999 |
| Worst | -32.4%in January 2022 | -46.6%in February 2001 | -67.9%in March 2001 | -70.3%in April 2000 | -28.9%in May 2002 | -59.3%in June 2002 | -29.8%in July 2017 | -23.8%in August 2001 | -54.3%in September 2001 | -35.0%in October 1998 | -61.4%in November 2000 | -28.5%in December 2022 |
−70.3%+143.4%
2026
Jan-1.5%
Feb-13.5%
Mar-3.6%
Apr+32.6%
May-3.8%
Jun-22.1%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+15.6%
Feb-23.7%
Mar+12.9%
Apr+31.9%
May-2.9%
Jun+9.5%
Jul-0.6%
Aug-16.8%
Sep-3.6%
Oct-16.4%
Nov-34.3%
Dec-14.2%
2024
Jan-20.6%
Feb+104.1%
Mar+66.7%
Apr-37.5%
May+43.1%
Jun-9.6%
Jul+17.2%
Aug-18.0%
Sep+27.3%
Oct+45.0%
Nov+58.5%
Dec-25.3%
2023
Jan+77.8%
Feb+4.2%
Mar+11.4%
Apr+12.4%
May-8.2%
Jun+13.5%
Jul+27.9%
Aug-18.4%
Sep-8.2%
Oct+29.0%
Nov+17.7%
Dec+26.8%
2022
Jan-32.4%
Feb+20.4%
Mar+9.8%
Apr-27.2%
May-25.3%
Jun-37.9%
Jul+74.1%
Aug-19.0%
Sep-8.3%
Oct+26.0%
Nov-25.9%
Dec-28.5%
2021
Jan+58.9%
Feb+21.6%
Mar-9.5%
Apr-3.2%
May-28.5%
Jun+41.4%
Jul-5.8%
Aug+10.9%
Sep-16.7%
Oct+23.6%
Nov+0.9%
Dec-24.5%
2020
Jan+6.6%
Feb-11.1%
Mar-12.6%
Apr+6.9%
May-1.4%
Jun-5.0%
Jul+4.7%
Aug+16.5%
Sep+4.3%
Oct+11.0%
Nov+105.1%
Dec+13.3%
2019
Jan-0.7%
Feb+11.5%
Mar+2.0%
Apr+3.7%
May-11.2%
Jun+7.8%
Jul-4.6%
Aug+4.8%
Sep+3.6%
Oct+3.3%
Nov-2.0%
Dec-5.1%
2018
Jan+4.9%
Feb-7.0%
Mar+0.8%
Apr-1.2%
May+1.6%
Jun-1.4%
Jul+1.9%
Aug+14.4%
Sep-5.6%
Oct-10.4%
Nov+2.9%
Dec-1.4%
2017
Jan+2.0%
Feb-4.7%
Mar-2.1%
Apr+1.3%
May-4.1%
Jun+5.1%
Jul-29.8%
Aug-4.1%
Sep-1.0%
Oct+3.6%
Nov+3.4%
Dec-4.0%
2016
Jan-3.8%
Feb-6.7%
Mar+11.7%
Apr-0.2%
May+4.0%
Jun-6.2%
Jul-0.1%
Aug-4.6%
Sep+0.4%
Oct+16.4%
Nov-0.4%
Dec+1.8%
2015
Jan-0.5%
Feb+10.3%
Mar-5.1%
Apr+7.6%
May-3.3%
Jun-3.4%
Jul+19.9%
Aug-2.6%
Sep-1.1%
Oct-12.4%
Nov+0.8%
Dec+3.4%
2014
Jan+1.2%
Feb+2.7%
Mar-10.6%
Apr+5.2%
May+16.2%
Jun-0.4%
Jul+1.8%
Aug-2.9%
Sep-5.8%
Oct+23.0%
Nov+6.7%
Dec-5.4%
2013
Jan+7.4%
Feb+1.6%
Mar-0.8%
Apr-10.8%
May+1.4%
Jun-4.9%
Jul+9.2%
Aug-3.4%
Sep+13.1%
Oct+17.5%
Nov+6.0%
Dec-3.9%
2012
Jan+6.3%
Feb+17.8%
Mar+3.2%
Apr-0.1%
May-12.7%
Jun+6.5%
Jul-10.3%
Aug+7.7%
Sep+6.9%
Oct-29.5%
Nov-6.3%
Dec+5.5%
2011
Jan+24.4%
Feb+11.7%
Mar+13.1%
Apr+5.1%
May+3.5%
Jun+11.3%
Jul-2.0%
Aug-22.9%
Sep-7.2%
Oct+15.5%
Nov-6.6%
Dec-12.0%
2010
Jan-0.3%
Feb-5.4%
Mar-4.0%
Apr-10.0%
May+0.7%
Jun-2.6%
Jul+10.5%
Aug-6.1%
Sep+11.2%
Oct+4.6%
Nov-4.5%
Dec-1.2%
2009
Jan+4.3%
Feb-5.7%
Mar-6.3%
Apr+13.7%
May+20.3%
Jun+7.3%
Jul+21.3%
Aug+1.5%
Sep+15.7%
Oct+22.1%
Nov+0.3%
Dec+7.3%
2008
Jan-23.3%
Feb-8.8%
Mar+11.3%
Apr+19.9%
May-10.3%
Jun-18.6%
Jul-6.8%
Aug+6.3%
Sep-7.3%
Oct-33.8%
Nov-9.4%
Dec+3.9%
2007
Jan+6.5%
Feb+3.9%
Mar+0.2%
Apr-10.0%
May-8.8%
Jun-9.0%
Jul-22.6%
Aug-5.3%
Sep+14.6%
Oct+24.0%
Nov+2.6%
Dec-5.7%
2006
Jan+16.2%
Feb-4.6%
Mar+14.8%
Apr-11.0%
May+0.7%
Jun+3.3%
Jul-15.5%
Aug+10.7%
Sep+11.6%
Oct+17.3%
Nov-0.8%
Dec-3.8%
2005
Jan+20.6%
Feb-2.8%
Mar-23.2%
Apr-19.9%
May+28.0%
Jun-4.8%
Jul+45.5%
Aug-0.1%
Sep-8.7%
Oct+0.9%
Nov+4.2%
Dec+11.9%
2004
Jan+18.9%
Feb+0.0%
Mar-14.6%
Apr-9.8%
May+0.0%
Jun-11.2%
Jul-5.9%
Aug-13.9%
Sep+18.8%
Oct+46.0%
Nov+7.7%
Dec-6.7%
2003
Jan+37.7%
Feb-7.2%
Mar+24.9%
Apr+14.5%
May+23.6%
Jun+7.3%
Jul+19.1%
Aug-7.6%
Sep+14.1%
Oct+19.6%
Nov-1.8%
Dec-2.8%
2002
Jan+6.2%
Feb-34.2%
Mar+13.4%
Apr-43.3%
May-28.9%
Jun-59.3%
Jul+35.0%
Aug+67.4%
Sep-28.1%
Oct+51.3%
Nov+48.0%
Dec-17.0%
2001
Jan+76.9%
Feb-46.6%
Mar-67.9%
Apr+57.6%
May-17.0%
Jun-25.7%
Jul+15.7%
Aug-23.8%
Sep-54.3%
Oct+143.4%
Nov+25.1%
Dec+11.9%
2000
Jan+32.3%
Feb+0.1%
Mar+25.2%
Apr-70.3%
May-26.4%
Jun+57.4%
Jul-26.0%
Aug+25.6%
Sep-2.0%
Oct-12.3%
Nov-61.4%
Dec+2.7%
1999
Jan-8.0%
Feb-14.2%
Mar-22.5%
Apr-10.4%
May+44.7%
Jun+51.5%
Jul-9.2%
Aug+15.6%
Sep+41.0%
Oct+72.3%
Nov+26.8%
Dec+71.4%
1998
Jan—
Feb—
Mar—
Apr—
May—
Jun—
Jul+27.3%
Aug-18.9%
Sep+28.5%
Oct-35.0%
Nov-7.7%
Dec+40.0%
Avg
Jan+11.9%
Feb+0.5%
Mar+1.4%
Apr-1.9%
May-0.2%
Jun+0.8%
Jul+6.9%
Aug-0.2%
Sep+1.9%
Oct+16.6%
Nov+5.6%
Dec+1.4%
Median
Jan+6.3%
Feb-3.7%
Mar+0.5%
Apr-0.2%
May-2.2%
Jun-1.4%
Jul+1.8%
Aug-3.2%
Sep-0.3%
Oct+16.8%
Nov+0.8%
Dec-2.1%
Last 5Y Avg
Jan+7.8%
Feb+18.3%
Mar+19.4%
Apr+2.4%
May+0.6%
Jun+3.4%
Jul+22.6%
Aug-12.3%
Sep-1.9%
Oct+21.5%
Nov+3.4%
Dec-13.2%
Std Dev (σ)
Jan25.9%
Feb25.2%
Mar22.1%
Apr24.7%
May19.0%
Jun23.8%
Jul22.5%
Aug18.7%
Sep18.3%
Oct35.5%
Nov29.6%
Dec20.0%
Consistency (μ/σ)
Jan0.46
Feb0.02
Mar0.06
Apr-0.08
May-0.01
Jun0.03
Jul0.31
Aug-0.01
Sep0.10
Oct0.47
Nov0.19
Dec0.07
Win Rate (%)
Jan68%
Feb43%
Mar54%
Apr46%
May43%
Jun44%
Jul54%
Aug39%
Sep50%
Oct75%
Nov57%
Dec43%
Winning / Losing Months
Jan▲19▼9
Feb▲12▼16
Mar▲15▼13
Apr▲13▼15
May▲12▼16
Jun▲12▼15
Jul▲15▼13
Aug▲11▼17
Sep▲14▼14
Oct▲21▼7
Nov▲16▼12
Dec▲12▼16
Longest Win / Loss Streak
Jan▲8▼2
Feb▲5▼6
Mar▲4▼3
Apr▲2▼4
May▲3▼5
Jun▲2▼4
Jul▲3▼3
Aug▲4▼5
Sep▲2▼3
Oct▲7▼1
Nov▲3▼3
Dec▲4▼3
Best
Jan+77.8%2023
Feb+104.1%2024
Mar+66.7%2024
Apr+57.6%2001
May+44.7%1999
Jun+57.4%2000
Jul+74.1%2022
Aug+67.4%2002
Sep+41.0%1999
Oct+143.4%2001
Nov+105.1%2020
Dec+71.4%1999
Worst
Jan-32.4%2022
Feb-46.6%2001
Mar-67.9%2001
Apr-70.3%2000
May-28.9%2002
Jun-59.3%2002
Jul-29.8%2017
Aug-23.8%2001
Sep-54.3%2001
Oct-35.0%1998
Nov-61.4%2000
Dec-28.5%2022
−70.3%+143.4%
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