Norwegian Cruise Line (NCLH) 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 | -1.6% | +12.9% | -24.6% | -2.8% | +0.9% | +5.9% | — | — | — | — | — | — |
| 2025 | +10.2% | -19.9% | -16.5% | -15.5% | +10.1% | +14.9% | +26.0% | -2.8% | -0.8% | -9.0% | -17.7% | +20.9% |
| 2024 | -11.2% | +8.9% | +7.9% | -9.6% | -12.3% | +13.2% | -1.9% | -2.9% | +14.6% | +23.5% | +6.1% | -4.3% |
| 2023 | +24.3% | -2.6% | -9.2% | -0.7% | +11.2% | +46.6% | +1.4% | -24.9% | -0.5% | -17.5% | +12.3% | +31.2% |
| 2022 | +0.4% | -6.4% | +12.3% | -8.5% | -20.1% | -30.5% | +9.3% | +7.7% | -13.1% | +48.7% | -2.7% | -25.5% |
| 2021 | -10.9% | +30.5% | -6.7% | +12.5% | +2.7% | -7.8% | -18.3% | +7.5% | +3.4% | -3.7% | -24.1% | +6.3% |
| 2020 | -7.8% | -30.8% | -70.6% | +49.6% | -4.5% | +4.9% | -17.0% | +25.4% | +0.0% | -2.8% | +37.5% | +11.2% |
| 2019 | +21.3% | +8.0% | -1.0% | +2.6% | -3.0% | -2.0% | -7.8% | +2.6% | +2.0% | -2.0% | +5.7% | +8.9% |
| 2018 | +14.1% | -6.3% | -6.9% | +0.9% | -2.1% | -9.7% | +5.9% | +7.2% | +7.1% | -23.3% | +16.5% | -17.4% |
| 2017 | +10.5% | +7.9% | +0.1% | +6.3% | -7.3% | +8.6% | +1.4% | +8.0% | -9.1% | +3.1% | -2.9% | -1.7% |
| 2016 | -22.6% | +8.3% | +12.5% | -11.6% | -5.1% | -14.2% | +6.9% | -15.8% | +5.0% | +3.1% | +2.4% | +6.8% |
| 2015 | -6.4% | +12.7% | +9.5% | -10.2% | +12.5% | +2.7% | +11.4% | -7.7% | -0.5% | +11.0% | -9.7% | +2.0% |
| 2014 | -1.3% | -2.1% | -5.8% | +1.5% | +3.0% | -6.1% | +3.4% | +1.6% | +8.1% | +8.3% | +12.5% | +6.5% |
| 2013 | — | +17.5% | -4.3% | +4.6% | -0.8% | -1.4% | +0.0% | +2.6% | -0.8% | +3.8% | +6.5% | +4.0% |
| Avg | +1.5% | +2.8% | -7.4% | +1.4% | -1.1% | +1.5% | +1.6% | +0.7% | +1.2% | +3.3% | +3.3% | +3.8% |
| Median | -1.3% | +7.9% | -5.1% | +0.1% | -1.5% | -1.4% | +1.4% | +2.6% | +0.0% | +3.1% | +5.7% | +6.3% |
| Last 5Y Avg | +4.4% | -1.4% | -6.0% | -7.4% | -2.0% | +7.3% | +3.3% | -3.1% | +0.7% | +8.4% | -5.2% | +5.7% |
| Std Dev (σ) | 13.8% | 15.6% | 21.1% | 16.0% | 9.0% | 18.2% | 11.7% | 12.4% | 7.1% | 18.2% | 15.7% | 14.6% |
| Consistency (μ/σ) | 0.11 | 0.18 | -0.35 | 0.09 | -0.12 | 0.08 | 0.14 | 0.05 | 0.17 | 0.18 | 0.21 | 0.26 |
| Win Rate (%) | 46% | 57% | 36% | 50% | 43% | 46% | 62% | 62% | 46% | 54% | 62% | 69% |
| Winning / Losing Months | ▲6▼7 | ▲8▼6 | ▲5▼9 | ▲7▼7 | ▲6▼8 | ▲6▼7 | ▲8▼5 | ▲8▼5 | ▲6▼7 | ▲7▼6 | ▲8▼5 | ▲9▼4 |
| Longest Win / Loss Streak | ▲3▼3 | ▲3▼2 | ▲3▼4 | ▲5▼5 | ▲2▼5 | ▲3▼2 | ▲5▼3 | ▲6▼3 | ▲2▼2 | ▲5▼4 | ▲3▼2 | ▲4▼2 |
| Best | +24.3%in January 2023 | +30.5%in February 2021 | +12.5%in March 2016 | +49.6%in April 2020 | +12.5%in May 2015 | +46.6%in June 2023 | +26.0%in July 2025 | +25.4%in August 2020 | +14.6%in September 2024 | +48.7%in October 2022 | +37.5%in November 2020 | +31.2%in December 2023 |
| Worst | -22.6%in January 2016 | -30.8%in February 2020 | -70.6%in March 2020 | -15.5%in April 2025 | -20.1%in May 2022 | -30.5%in June 2022 | -18.3%in July 2021 | -24.9%in August 2023 | -13.1%in September 2022 | -23.3%in October 2018 | -24.1%in November 2021 | -25.5%in December 2022 |
−70.6%+49.6%
2026
Jan-1.6%
Feb+12.9%
Mar-24.6%
Apr-2.8%
May+0.9%
Jun+5.9%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+10.2%
Feb-19.9%
Mar-16.5%
Apr-15.5%
May+10.1%
Jun+14.9%
Jul+26.0%
Aug-2.8%
Sep-0.8%
Oct-9.0%
Nov-17.7%
Dec+20.9%
2024
Jan-11.2%
Feb+8.9%
Mar+7.9%
Apr-9.6%
May-12.3%
Jun+13.2%
Jul-1.9%
Aug-2.9%
Sep+14.6%
Oct+23.5%
Nov+6.1%
Dec-4.3%
2023
Jan+24.3%
Feb-2.6%
Mar-9.2%
Apr-0.7%
May+11.2%
Jun+46.6%
Jul+1.4%
Aug-24.9%
Sep-0.5%
Oct-17.5%
Nov+12.3%
Dec+31.2%
2022
Jan+0.4%
Feb-6.4%
Mar+12.3%
Apr-8.5%
May-20.1%
Jun-30.5%
Jul+9.3%
Aug+7.7%
Sep-13.1%
Oct+48.7%
Nov-2.7%
Dec-25.5%
2021
Jan-10.9%
Feb+30.5%
Mar-6.7%
Apr+12.5%
May+2.7%
Jun-7.8%
Jul-18.3%
Aug+7.5%
Sep+3.4%
Oct-3.7%
Nov-24.1%
Dec+6.3%
2020
Jan-7.8%
Feb-30.8%
Mar-70.6%
Apr+49.6%
May-4.5%
Jun+4.9%
Jul-17.0%
Aug+25.4%
Sep+0.0%
Oct-2.8%
Nov+37.5%
Dec+11.2%
2019
Jan+21.3%
Feb+8.0%
Mar-1.0%
Apr+2.6%
May-3.0%
Jun-2.0%
Jul-7.8%
Aug+2.6%
Sep+2.0%
Oct-2.0%
Nov+5.7%
Dec+8.9%
2018
Jan+14.1%
Feb-6.3%
Mar-6.9%
Apr+0.9%
May-2.1%
Jun-9.7%
Jul+5.9%
Aug+7.2%
Sep+7.1%
Oct-23.3%
Nov+16.5%
Dec-17.4%
2017
Jan+10.5%
Feb+7.9%
Mar+0.1%
Apr+6.3%
May-7.3%
Jun+8.6%
Jul+1.4%
Aug+8.0%
Sep-9.1%
Oct+3.1%
Nov-2.9%
Dec-1.7%
2016
Jan-22.6%
Feb+8.3%
Mar+12.5%
Apr-11.6%
May-5.1%
Jun-14.2%
Jul+6.9%
Aug-15.8%
Sep+5.0%
Oct+3.1%
Nov+2.4%
Dec+6.8%
2015
Jan-6.4%
Feb+12.7%
Mar+9.5%
Apr-10.2%
May+12.5%
Jun+2.7%
Jul+11.4%
Aug-7.7%
Sep-0.5%
Oct+11.0%
Nov-9.7%
Dec+2.0%
2014
Jan-1.3%
Feb-2.1%
Mar-5.8%
Apr+1.5%
May+3.0%
Jun-6.1%
Jul+3.4%
Aug+1.6%
Sep+8.1%
Oct+8.3%
Nov+12.5%
Dec+6.5%
2013
Jan—
Feb+17.5%
Mar-4.3%
Apr+4.6%
May-0.8%
Jun-1.4%
Jul+0.0%
Aug+2.6%
Sep-0.8%
Oct+3.8%
Nov+6.5%
Dec+4.0%
Avg
Jan+1.5%
Feb+2.8%
Mar-7.4%
Apr+1.4%
May-1.1%
Jun+1.5%
Jul+1.6%
Aug+0.7%
Sep+1.2%
Oct+3.3%
Nov+3.3%
Dec+3.8%
Median
Jan-1.3%
Feb+7.9%
Mar-5.1%
Apr+0.1%
May-1.5%
Jun-1.4%
Jul+1.4%
Aug+2.6%
Sep+0.0%
Oct+3.1%
Nov+5.7%
Dec+6.3%
Last 5Y Avg
Jan+4.4%
Feb-1.4%
Mar-6.0%
Apr-7.4%
May-2.0%
Jun+7.3%
Jul+3.3%
Aug-3.1%
Sep+0.7%
Oct+8.4%
Nov-5.2%
Dec+5.7%
Std Dev (σ)
Jan13.8%
Feb15.6%
Mar21.1%
Apr16.0%
May9.0%
Jun18.2%
Jul11.7%
Aug12.4%
Sep7.1%
Oct18.2%
Nov15.7%
Dec14.6%
Consistency (μ/σ)
Jan0.11
Feb0.18
Mar-0.35
Apr0.09
May-0.12
Jun0.08
Jul0.14
Aug0.05
Sep0.17
Oct0.18
Nov0.21
Dec0.26
Win Rate (%)
Jan46%
Feb57%
Mar36%
Apr50%
May43%
Jun46%
Jul62%
Aug62%
Sep46%
Oct54%
Nov62%
Dec69%
Winning / Losing Months
Jan▲6▼7
Feb▲8▼6
Mar▲5▼9
Apr▲7▼7
May▲6▼8
Jun▲6▼7
Jul▲8▼5
Aug▲8▼5
Sep▲6▼7
Oct▲7▼6
Nov▲8▼5
Dec▲9▼4
Longest Win / Loss Streak
Jan▲3▼3
Feb▲3▼2
Mar▲3▼4
Apr▲5▼5
May▲2▼5
Jun▲3▼2
Jul▲5▼3
Aug▲6▼3
Sep▲2▼2
Oct▲5▼4
Nov▲3▼2
Dec▲4▼2
Best
Jan+24.3%2023
Feb+30.5%2021
Mar+12.5%2016
Apr+49.6%2020
May+12.5%2015
Jun+46.6%2023
Jul+26.0%2025
Aug+25.4%2020
Sep+14.6%2024
Oct+48.7%2022
Nov+37.5%2020
Dec+31.2%2023
Worst
Jan-22.6%2016
Feb-30.8%2020
Mar-70.6%2020
Apr-15.5%2025
May-20.1%2022
Jun-30.5%2022
Jul-18.3%2021
Aug-24.9%2023
Sep-13.1%2022
Oct-23.3%2018
Nov-24.1%2021
Dec-25.5%2022
−70.6%+49.6%
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