PDD Holdings (PDD) 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 | -10.9% | +2.7% | -1.5% | -2.3% | -15.5% | -3.4% | — | — | — | — | — | — |
| 2025 | +15.4% | +1.6% | +4.1% | -10.8% | -8.6% | +8.4% | +8.4% | +6.0% | +9.9% | +2.0% | -13.9% | -2.3% |
| 2024 | -13.3% | -1.8% | -6.7% | +7.7% | +19.7% | -11.2% | -3.1% | -25.4% | +40.3% | -10.5% | -19.9% | +0.4% |
| 2023 | +20.1% | -10.5% | -13.5% | -10.2% | -4.2% | +5.8% | +29.9% | +10.2% | -0.9% | +3.4% | +45.4% | -0.8% |
| 2022 | +2.6% | -13.3% | -22.7% | +7.4% | +16.8% | +22.7% | -20.7% | +45.5% | -12.2% | -12.4% | +49.6% | -0.6% |
| 2021 | -6.7% | +3.3% | -21.8% | +0.0% | -6.8% | +1.7% | -27.9% | +9.2% | -9.3% | -1.9% | -25.2% | -12.3% |
| 2020 | -6.9% | +1.6% | +0.7% | +31.7% | +41.0% | +28.4% | +6.9% | -3.1% | -16.6% | +21.3% | +54.3% | +28.0% |
| 2019 | +30.2% | +2.5% | -17.2% | -10.4% | -12.6% | +6.2% | +7.9% | +47.1% | -1.7% | +26.9% | -12.1% | +5.2% |
| 2018 | — | — | — | — | — | — | — | -14.3% | +35.9% | -32.9% | +30.1% | -2.3% |
| Avg | +3.8% | -1.8% | -9.8% | +1.6% | +3.7% | +8.9% | +0.2% | +9.4% | +5.7% | -0.5% | +13.5% | +1.9% |
| Median | -2.0% | +1.6% | -10.1% | -1.1% | -5.5% | +6.2% | +6.9% | +7.6% | -1.3% | +0.1% | +9.0% | -0.7% |
| Last 5Y Avg | +2.8% | -4.3% | -8.0% | -1.6% | +1.7% | +5.5% | -2.7% | +9.1% | +5.5% | -3.9% | +7.2% | -3.1% |
| Std Dev (σ) | 16.2% | 6.5% | 10.4% | 14.3% | 19.9% | 13.2% | 19.5% | 25.8% | 21.6% | 19.1% | 34.4% | 11.6% |
| Consistency (μ/σ) | 0.24 | -0.27 | -0.94 | 0.12 | 0.19 | 0.67 | 0.01 | 0.36 | 0.26 | -0.03 | 0.39 | 0.17 |
| Win Rate (%) | 50% | 63% | 25% | 50% | 38% | 86% | 57% | 63% | 38% | 50% | 50% | 38% |
| Winning / Losing Months | ▲4▼4 | ▲5▼3 | ▲2▼6 | ▲4▼4 | ▲3▼5 | ▲6▼1 | ▲4▼3 | ▲5▼3 | ▲3▼5 | ▲4▼4 | ▲4▼4 | ▲3▼5 |
| Longest Win / Loss Streak | ▲2▼2 | ▲3▼3 | ▲1▼4 | ▲3▼2 | ▲1▼2 | ▲5▼1 | ▲2▼2 | ▲3▼1 | ▲2▼5 | ▲2▼2 | ▲2▼2 | ▲2▼3 |
| Best | +30.2%in January 2019 | +3.3%in February 2021 | +4.1%in March 2025 | +31.7%in April 2020 | +41.0%in May 2020 | +28.4%in June 2020 | +29.9%in July 2023 | +47.1%in August 2019 | +40.3%in September 2024 | +26.9%in October 2019 | +54.3%in November 2020 | +28.0%in December 2020 |
| Worst | -13.3%in January 2024 | -13.3%in February 2022 | -22.7%in March 2022 | -10.8%in April 2025 | -15.5%in May 2026 | -11.2%in June 2024 | -27.9%in July 2021 | -25.4%in August 2024 | -16.6%in September 2020 | -32.9%in October 2018 | -25.2%in November 2021 | -12.3%in December 2021 |
−32.9%+54.3%
2026
Jan-10.9%
Feb+2.7%
Mar-1.5%
Apr-2.3%
May-15.5%
Jun-3.4%
Jul—
Aug—
Sep—
Oct—
Nov—
Dec—
2025
Jan+15.4%
Feb+1.6%
Mar+4.1%
Apr-10.8%
May-8.6%
Jun+8.4%
Jul+8.4%
Aug+6.0%
Sep+9.9%
Oct+2.0%
Nov-13.9%
Dec-2.3%
2024
Jan-13.3%
Feb-1.8%
Mar-6.7%
Apr+7.7%
May+19.7%
Jun-11.2%
Jul-3.1%
Aug-25.4%
Sep+40.3%
Oct-10.5%
Nov-19.9%
Dec+0.4%
2023
Jan+20.1%
Feb-10.5%
Mar-13.5%
Apr-10.2%
May-4.2%
Jun+5.8%
Jul+29.9%
Aug+10.2%
Sep-0.9%
Oct+3.4%
Nov+45.4%
Dec-0.8%
2022
Jan+2.6%
Feb-13.3%
Mar-22.7%
Apr+7.4%
May+16.8%
Jun+22.7%
Jul-20.7%
Aug+45.5%
Sep-12.2%
Oct-12.4%
Nov+49.6%
Dec-0.6%
2021
Jan-6.7%
Feb+3.3%
Mar-21.8%
Apr+0.0%
May-6.8%
Jun+1.7%
Jul-27.9%
Aug+9.2%
Sep-9.3%
Oct-1.9%
Nov-25.2%
Dec-12.3%
2020
Jan-6.9%
Feb+1.6%
Mar+0.7%
Apr+31.7%
May+41.0%
Jun+28.4%
Jul+6.9%
Aug-3.1%
Sep-16.6%
Oct+21.3%
Nov+54.3%
Dec+28.0%
2019
Jan+30.2%
Feb+2.5%
Mar-17.2%
Apr-10.4%
May-12.6%
Jun+6.2%
Jul+7.9%
Aug+47.1%
Sep-1.7%
Oct+26.9%
Nov-12.1%
Dec+5.2%
2018
Jan—
Feb—
Mar—
Apr—
May—
Jun—
Jul—
Aug-14.3%
Sep+35.9%
Oct-32.9%
Nov+30.1%
Dec-2.3%
Avg
Jan+3.8%
Feb-1.8%
Mar-9.8%
Apr+1.6%
May+3.7%
Jun+8.9%
Jul+0.2%
Aug+9.4%
Sep+5.7%
Oct-0.5%
Nov+13.5%
Dec+1.9%
Median
Jan-2.0%
Feb+1.6%
Mar-10.1%
Apr-1.1%
May-5.5%
Jun+6.2%
Jul+6.9%
Aug+7.6%
Sep-1.3%
Oct+0.1%
Nov+9.0%
Dec-0.7%
Last 5Y Avg
Jan+2.8%
Feb-4.3%
Mar-8.0%
Apr-1.6%
May+1.7%
Jun+5.5%
Jul-2.7%
Aug+9.1%
Sep+5.5%
Oct-3.9%
Nov+7.2%
Dec-3.1%
Std Dev (σ)
Jan16.2%
Feb6.5%
Mar10.4%
Apr14.3%
May19.9%
Jun13.2%
Jul19.5%
Aug25.8%
Sep21.6%
Oct19.1%
Nov34.4%
Dec11.6%
Consistency (μ/σ)
Jan0.24
Feb-0.27
Mar-0.94
Apr0.12
May0.19
Jun0.67
Jul0.01
Aug0.36
Sep0.26
Oct-0.03
Nov0.39
Dec0.17
Win Rate (%)
Jan50%
Feb63%
Mar25%
Apr50%
May38%
Jun86%
Jul57%
Aug63%
Sep38%
Oct50%
Nov50%
Dec38%
Winning / Losing Months
Jan▲4▼4
Feb▲5▼3
Mar▲2▼6
Apr▲4▼4
May▲3▼5
Jun▲6▼1
Jul▲4▼3
Aug▲5▼3
Sep▲3▼5
Oct▲4▼4
Nov▲4▼4
Dec▲3▼5
Longest Win / Loss Streak
Jan▲2▼2
Feb▲3▼3
Mar▲1▼4
Apr▲3▼2
May▲1▼2
Jun▲5▼1
Jul▲2▼2
Aug▲3▼1
Sep▲2▼5
Oct▲2▼2
Nov▲2▼2
Dec▲2▼3
Best
Jan+30.2%2019
Feb+3.3%2021
Mar+4.1%2025
Apr+31.7%2020
May+41.0%2020
Jun+28.4%2020
Jul+29.9%2023
Aug+47.1%2019
Sep+40.3%2024
Oct+26.9%2019
Nov+54.3%2020
Dec+28.0%2020
Worst
Jan-13.3%2024
Feb-13.3%2022
Mar-22.7%2022
Apr-10.8%2025
May-15.5%2026
Jun-11.2%2024
Jul-27.9%2021
Aug-25.4%2024
Sep-16.6%2020
Oct-32.9%2018
Nov-25.2%2021
Dec-12.3%2021
−32.9%+54.3%
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