Seasonality
CMI seasonality — Cummins
Over the last 11 years, CMI's strongest month on average has been November (+4.2%) and its weakest March (-2.2%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +3.64% | +3.11% | 80% | +13.4% | -10.6% | 10 |
| Feb | +0.41% | +0.94% | 60% | +12.2% | -10.6% | 10 |
| Mar | -2.18% | -0.62% | 50% | +9.7% | -14.9% | 10 |
| Apr | +2.69% | -1.49% | 30% | +24.7% | -7.8% | 10 |
| May | -0.70% | +0.91% | 50% | +10.5% | -13.0% | 10 |
| Jun | +2.98% | +2.02% | 60% | +19.9% | -7.5% | 10 |
| Jul | +4.06% | +5.87% | 70% | +14.3% | -11.1% | 10 |
| Aug | -1.57% | -1.70% | 40% | +8.4% | -11.8% | 10 |
| Sep | +0.93% | +2.45% | 60% | +9.0% | -8.5% | 10 |
| Oct | +3.27% | +3.88% | 70% | +20.1% | -6.4% | 10 |
| Nov | +4.21% | +5.13% | 78% | +14.0% | -12.6% | 9 |
| Dec | -1.07% | -1.95% | 40% | +6.9% | -11.5% | 10 |
Monthly returns heat map — CMI
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 13.4 | 0.9 | -7.8 | 24.7 | -3.6 | 10.3 | -11.1 | -11.0 | -8.5 | -3.2 | -10.0 | -11.8% | |
| 2025 | 2.2 | 3.4 | -14.9 | -6.2 | 9.4 | 1.9 | 12.2 | 8.4 | 6.0 | 3.6 | 13.8 | 2.5 | +46.4% |
| 2024 | -0.1 | 12.2 | 9.7 | -4.1 | -0.3 | -1.7 | 5.4 | 7.2 | 3.5 | 1.6 | 14.0 | -7.0 | +45.5% |
| 2023 | 3.0 | -2.6 | -1.7 | -1.6 | -13.0 | 19.9 | 6.4 | -11.8 | -0.7 | -5.3 | 3.6 | 6.9 | -1.1% |
| 2022 | 1.3 | -7.6 | 0.5 | -7.8 | 10.5 | -7.5 | 14.3 | -2.7 | -5.5 | 20.1 | 2.7 | -3.5 | +11.1% |
| 2021 | 3.2 | 8.0 | 2.3 | -2.7 | 2.1 | -5.2 | -4.8 | 1.7 | -4.8 | 6.8 | -12.6 | 4.0 | -4.0% |
| 2020 | -10.6 | -5.4 | -10.6 | 20.8 | 3.7 | 2.2 | 11.5 | 7.2 | 1.9 | 4.1 | 5.1 | -1.8 | +26.9% |
| 2019 | 10.1 | 4.7 | 2.5 | 5.3 | -9.3 | 13.7 | -4.3 | -9.0 | 9.0 | 6.0 | 6.0 | -2.1 | +33.9% |
| 2018 | 6.4 | -10.6 | -3.6 | -1.4 | -10.9 | -6.6 | 7.4 | -0.7 | 3.0 | -6.4 | 10.5 | -11.5 | -24.3% |
| 2017 | 7.6 | 1.0 | 1.8 | -0.2 | 4.5 | 2.9 | 3.5 | -5.1 | 5.4 | 5.3 | -5.4 | 5.5 | +29.2% |
| 2016 | -3.6 |