Seasonality
HLI seasonality — Houlihan Lokey
Over the last 11 years, HLI's strongest month on average has been October (+4.9%) and its weakest March (-3.1%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +4.52% | +3.65% | 60% | +20.2% | -3.5% | 10 |
| Feb | -0.72% | -2.34% | 30% | +7.4% | -4.6% | 10 |
| Mar | -3.11% | -2.14% | 30% | +9.4% | -14.6% | 10 |
| Apr | +2.51% | +0.07% | 50% | +13.9% | -5.1% | 10 |
| May | +2.07% | +2.52% | 70% | +13.0% | -8.5% | 10 |
| Jun | +1.02% | +1.33% | 50% | +12.6% | -8.2% | 10 |
| Jul | +3.29% | +4.63% | 70% | +11.4% | -6.4% | 10 |
| Aug | +1.01% | +2.74% | 60% | +6.9% | -7.2% | 10 |
| Sep | +0.55% | +1.29% | 70% | +8.5% | -5.2% | 10 |
| Oct | +4.88% | +6.29% | 70% | +21.7% | -12.8% | 10 |
| Nov | +3.96% | +3.32% | 78% | +10.1% | -3.2% | 9 |
| Dec | -0.92% | +0.54% | 50% | +11.3% | -13.0% | 10 |
Monthly returns heat map — HLI
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.4 | -2.7 | -12.3 | 7.8 | -8.5 | -5.3 | -6.4 | 6.2 | -5.2 | 9.2 | 5.7 | -16.3% | |
| 2025 | 4.6 | -4.6 | -6.8 | 0.4 | 7.8 | 3.0 | 6.0 | 4.5 | 3.0 | -12.8 | -2.0 | -0.7 | +0.3% |
| 2024 | -0.1 | 7.4 | -0.4 | -0.6 | 6.2 | -0.4 | 11.4 | 4.2 | 0.9 | 9.3 | 9.4 | -8.2 | +44.8% |
| 2023 | 13.7 | -3.4 | -8.6 | 4.5 | -4.5 | 12.6 | 1.6 | 5.5 | 1.7 | -6.2 | 7.2 | 11.3 | +37.6% |
| 2022 | 2.7 | -3.2 | -14.6 | -5.1 | 3.2 | -8.2 | 7.1 | -7.2 | -4.0 | 18.5 | 10.1 | -11.4 | -15.8% |
| 2021 | -3.5 | -2.0 | 4.6 | -0.4 | 13.0 | 9.2 | 8.9 | 1.2 | 2.1 | 21.7 | -3.2 | -4.6 | +54.0% |
| 2020 | 6.1 | -1.2 | 1.8 | 13.9 | 1.9 | -8.0 | -1.5 | 6.9 | 0.8 | 6.2 | 3.3 | 3.8 | +37.6% |
| 2019 | 20.2 | 3.9 | -0.3 | 7.6 | -8.3 | -1.5 | 3.3 | -4.0 | 2.1 | 4.8 | 0.9 | 2.5 | +32.8% |
| 2018 | 5.0 | -2.7 | -3.9 | -0.2 | 9.9 | 4.8 | -4.0 | -4.3 | -4.5 | -8.3 | 2.7 | -13.0 | -19.0% |
| 2017 | -0.1 | 1.2 | 9.4 | -2.6 | 0.1 | 4.0 | 6.5 | -3.0 | 8.5 | 6.4 | 7.2 | 1.8 | +46.0% |
| 2016 | 9.2 |