Seasonality
PNW seasonality — Pinnacle West Capital
Over the last 11 years, PNW's strongest month on average has been March (+3.9%) and its weakest September (-3.0%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +0.01% | -0.95% | 40% | +8.6% | -6.1% | 10 |
| Feb | +0.64% | +0.46% | 50% | +7.2% | -8.4% | 10 |
| Mar | +3.87% | +3.31% | 90% | +16.3% | -15.3% | 10 |
| Apr | -0.01% | +0.40% | 50% | +4.1% | -8.8% | 10 |
| May | +0.90% | -0.59% | 40% | +9.1% | -4.2% | 10 |
| Jun | -0.94% | -2.51% | 40% | +7.3% | -5.9% | 10 |
| Jul | +2.38% | +1.48% | 70% | +13.4% | -5.6% | 10 |
| Aug | -2.04% | -1.86% | 40% | +4.5% | -11.7% | 10 |
| Sep | -2.98% | -2.16% | 50% | +1.9% | -14.4% | 10 |
| Oct | +2.00% | +2.20% | 60% | +14.2% | -10.9% | 10 |
| Nov | +3.81% | +2.64% | 89% | +16.5% | -7.2% | 9 |
| Dec | -1.62% | -2.64% | 30% | +8.5% | -9.5% | 10 |
Monthly returns heat map — PNW
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.5 | 7.2 | 0.5 | 3.0 | -3.8 | 7.3 | -5.6 | -3.3 | -4.7 | 14.2 | -1.9 | +17.5% | |
| 2025 | 2.6 | 6.4 | 2.9 | -0.1 | -4.2 | -1.9 | 1.3 | -1.4 | 0.3 | -1.3 | 2.6 | -2.4 | +4.6% |
| 2024 | -4.1 | -0.8 | 9.4 | -1.4 | 7.1 | -3.1 | 12.1 | 2.2 | 1.2 | -0.9 | 6.7 | -9.5 | +18.0% |
| 2023 | -2.0 | -1.2 | 7.5 | -1.0 | -1.5 | 5.4 | 1.7 | -6.7 | -4.7 | 0.7 | 1.0 | -4.1 | -5.5% |
| 2022 | -1.4 | 1.8 | 10.3 | -8.8 | 9.1 | -5.8 | 0.5 | 2.6 | -14.4 | 4.2 | 16.5 | -2.9 | +7.7% |
| 2021 | -5.9 | -7.1 | 16.3 | 4.1 | -0.1 | -3.1 | 1.9 | -8.0 | -5.9 | -10.9 | 0.9 | 8.5 | -11.7% |
| 2020 | 8.6 | -8.4 | -15.3 | 1.6 | 1.2 | -5.9 | 13.4 | -11.7 | 1.6 | 9.4 | 0.3 | -2.3 | -11.1% |
| 2019 | 3.4 | 6.4 | 2.0 | -0.3 | -1.4 | 0.2 | -3.0 | 4.5 | 1.9 | -3.0 | -7.2 | 2.9 | +5.5% |
| 2018 | -6.1 | -3.7 | 3.7 | 0.9 | -1.1 | 1.2 | -0.2 | -2.3 | 0.8 | 3.9 | 8.6 | -4.7 | +0.0% |
| 2017 | -0.5 | 5.9 | 1.4 | 2.0 | 3.8 | -3.6 | 1.8 | 3.7 | -6.0 | 3.7 | 4.7 | -7.2 | +9.2% |
| 2016 | 5.5 |