Seasonality
GHC seasonality — Graham Holdings
Over the last 11 years, GHC's strongest month on average has been November (+7.1%) and its weakest March (-1.9%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +2.30% | +5.00% | 80% | +8.1% | -14.1% | 10 |
| Feb | -0.81% | -0.70% | 50% | +5.9% | -9.7% | 10 |
| Mar | -1.93% | +0.15% | 50% | +11.4% | -32.2% | 10 |
| Apr | +2.34% | +0.25% | 60% | +14.3% | -8.6% | 10 |
| May | -0.62% | -1.18% | 40% | +7.3% | -8.5% | 10 |
| Jun | -1.64% | -0.36% | 50% | +4.0% | -7.5% | 10 |
| Jul | +4.75% | +4.87% | 80% | +16.2% | -4.6% | 10 |
| Aug | +0.01% | -0.47% | 40% | +13.8% | -7.2% | 10 |
| Sep | -0.64% | -0.46% | 40% | +8.4% | -5.8% | 10 |
| Oct | -0.93% | -0.65% | 40% | +16.0% | -14.0% | 10 |
| Nov | +7.11% | +8.37% | 89% | +17.5% | -3.3% | 9 |
| Dec | +2.70% | +0.23% | 50% | +19.3% | -6.4% | 10 |
Monthly returns heat map — GHC
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.2 | -9.7 | 0.4 | 6.2 | -2.2 | 4.0 | 5.4 | -6.2 | 0.5 | 3.0 | 3.7 | +10.3% | |
| 2025 | 6.5 | 5.9 | -2.3 | -4.2 | 3.7 | -0.9 | 0.8 | 13.8 | 8.4 | -14.0 | 9.3 | -0.7 | +26.0% |
| 2024 | 3.4 | -2.5 | 9.3 | -8.6 | 7.3 | -7.0 | 10.8 | 2.6 | 3.3 | 2.6 | 10.4 | -6.4 | +25.2% |
| 2023 | 8.1 | -4.1 | -4.9 | -3.4 | -1.9 | 1.2 | 2.7 | -0.1 | -0.6 | -0.7 | 8.4 | 11.1 | +15.3% |
| 2022 | -5.5 | 1.0 | 1.7 | -3.1 | 3.5 | -7.5 | 4.9 | -4.9 | -4.8 | 16.0 | 3.2 | -6.1 | -4.1% |
| 2021 | 6.5 | 5.8 | -6.4 | 13.0 | 4.2 | -4.3 | 4.8 | -7.2 | -4.5 | -0.6 | -3.3 | 11.2 | +18.1% |
| 2020 | -14.1 | -8.4 | -32.2 | 14.3 | -8.2 | -4.3 | 16.2 | 7.4 | -5.6 | -5.9 | 17.5 | 19.3 | -16.5% |
| 2019 | 3.8 | 2.8 | -0.1 | 8.8 | -8.5 | 1.4 | 7.6 | -5.2 | -5.8 | -5.1 | 0.3 | 1.2 | -0.2% |
| 2018 | 6.5 | -2.4 | 3.8 | 0.1 | -3.7 | 0.9 | -4.6 | 0.7 | 3.0 | 0.3 | 13.4 | -2.8 | +14.7% |
| 2017 | 1.5 | 3.6 | 11.4 | 0.4 | -0.5 | 0.1 | -1.2 | -0.9 | -0.4 | -4.9 | 4.8 | -4.2 | +9.1% |
| 2016 | 4.5 |