Seasonality
BKH seasonality — Black Hills Corporation
Over the last 11 years, BKH's strongest month on average has been November (+4.8%) and its weakest September (-3.3%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +0.48% | +1.17% | 60% | +8.1% | -7.6% | 10 |
| Feb | -1.95% | +0.73% | 70% | +4.5% | -15.2% | 10 |
| Mar | +2.64% | +3.55% | 70% | +12.9% | -11.3% | 10 |
| Apr | +1.30% | +1.44% | 70% | +8.5% | -4.9% | 10 |
| May | -0.18% | +0.93% | 50% | +4.7% | -6.7% | 10 |
| Jun | -1.53% | -2.05% | 30% | +5.2% | -8.2% | 10 |
| Jul | +2.12% | +2.56% | 80% | +8.6% | -4.3% | 10 |
| Aug | -0.98% | -0.87% | 50% | +4.0% | -8.8% | 10 |
| Sep | -3.30% | -2.19% | 30% | +3.4% | -10.8% | 10 |
| Oct | +2.06% | +2.58% | 60% | +17.0% | -5.2% | 10 |
| Nov | +4.76% | +7.36% | 67% | +16.3% | -10.3% | 9 |
| Dec | +0.38% | +1.80% | 60% | +10.1% | -8.7% | 10 |
Monthly returns heat map — BKH
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.1 | 0.9 | -5.8 | 8.5 | -3.3 | 2.2 | -4.3 | 0.7 | -2.2 | 17.0 | 3.5 | +22.3% | |
| 2025 | 0.4 | 4.2 | -0.9 | 0.4 | -4.0 | -4.0 | 3.0 | 3.5 | 3.0 | 3.0 | 16.3 | -5.9 | +18.6% |
| 2024 | -4.1 | 0.5 | 4.9 | 0.6 | 2.8 | -3.7 | 8.6 | 0.1 | 3.4 | -3.2 | 8.2 | -8.7 | +8.5% |
| 2023 | 2.9 | -15.2 | 2.8 | 3.5 | -6.7 | -1.1 | 0.1 | -8.8 | -8.0 | -4.4 | 6.7 | 4.6 | -23.3% |
| 2022 | -4.0 | 3.3 | 10.0 | -4.9 | 4.7 | -5.1 | 6.1 | -2.2 | -10.3 | -3.5 | 9.6 | -1.8 | -0.3% |
| 2021 | -3.8 | 0.1 | 12.9 | 3.3 | -4.6 | -0.2 | 3.1 | 4.0 | -10.8 | 5.8 | -3.4 | 10.1 | +14.8% |
| 2020 | 5.7 | -13.0 | -11.3 | -3.3 | -0.4 | -8.2 | 2.1 | -3.1 | -4.6 | 5.9 | 7.4 | 1.0 | -21.8% |
| 2019 | 8.1 | 4.5 | 4.3 | -1.8 | 4.7 | 2.6 | 1.2 | -3.1 | 0.0 | 2.7 | -2.9 | 2.6 | +25.1% |
| 2018 | -7.6 | -8.6 | 6.9 | 4.4 | 2.6 | 5.2 | -2.0 | -1.9 | -1.3 | 2.4 | 11.3 | -5.2 | +4.4% |
| 2017 | 2.0 | 3.7 | 2.5 | 2.3 | 2.2 | -3.0 | 3.2 | 1.0 | -2.1 | -5.2 | -10.3 | 2.7 | -2.0% |
| 2016 | 4.4 |