Seasonality
GS seasonality — Goldman Sachs
Over the last 11 years, GS's strongest month on average has been November (+5.7%) and its weakest March (-5.1%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +4.27% | +4.28% | 70% | +18.5% | -7.3% | 10 |
| Feb | -0.93% | -2.34% | 30% | +17.8% | -15.6% | 10 |
| Mar | -5.13% | -3.74% | 20% | +7.4% | -23.0% | 10 |
| Apr | +3.36% | +3.58% | 70% | +18.6% | -7.5% | 10 |
| May | +2.07% | +6.88% | 60% | +11.0% | -11.4% | 10 |
| Jun | +2.34% | +0.08% | 50% | +17.9% | -9.1% | 10 |
| Jul | +5.38% | +4.91% | 90% | +12.5% | -1.2% | 10 |
| Aug | +0.17% | +0.20% | 60% | +10.3% | -7.9% | 10 |
| Sep | -3.01% | -2.44% | 30% | +6.9% | -12.2% | 10 |
| Oct | +2.36% | +1.37% | 60% | +17.6% | -6.2% | 10 |
| Nov | +5.71% | +4.65% | 78% | +22.0% | -15.4% | 9 |
| Dec | +2.07% | +3.38% | 70% | +14.4% | -12.4% | 10 |
Monthly returns heat map — GS
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.4 | -8.1 | -1.6 | 9.2 | 11.0 | -1.4 | 0.7 | 0.7 | -12.2 | -0.7 | -3.2 | -1.5% | |
| 2025 | 11.8 | -2.8 | -12.2 | 0.2 | 9.7 | 17.9 | 2.2 | 3.0 | 6.9 | -0.9 | 4.7 | 6.4 | +53.5% |
| 2024 | -0.5 | 1.3 | 7.4 | 2.2 | 7.0 | -0.9 | 12.5 | 0.2 | -3.0 | 4.6 | 17.5 | -5.9 | +48.4% |
| 2023 | 6.5 | -3.9 | -7.0 | 5.0 | -5.7 | -0.4 | 10.3 | -7.9 | -1.3 | -6.2 | 12.5 | 12.9 | +12.3% |
| 2022 | -7.3 | -3.8 | -3.3 | -7.5 | 7.0 | -9.1 | 12.2 | -0.2 | -11.9 | 17.6 | 12.1 | -11.1 | -10.2% |
| 2021 | 2.8 | 17.8 | 2.4 | 6.6 | 6.8 | 2.0 | -1.2 | 10.3 | -8.6 | 9.3 | -7.8 | 0.4 | +45.1% |
| 2020 | 3.4 | -15.6 | -23.0 | 18.6 | 7.1 | 0.6 | 0.2 | 3.5 | -1.9 | -5.9 | 22.0 | 14.4 | +14.7% |
| 2019 | 18.5 | -0.7 | -2.4 | 7.3 | -11.4 | 12.1 | 7.6 | -7.4 | 1.6 | 3.0 | 3.7 | 3.9 | +37.6% |
| 2018 | 5.2 | -1.9 | -4.2 | -5.4 | -5.2 | -2.4 | 7.6 | 0.2 | -5.7 | 0.5 | -15.4 | -12.4 | -34.4% |
| 2017 | -4.2 | 8.2 | -7.4 | -2.6 | -5.6 | 5.0 | 1.6 | -0.7 | 6.0 | 2.2 | 2.1 | 2.9 | +6.4% |
| 2016 | 9.2 |