Seasonality
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Seasonality
Sign in to unlock 10Y & 20Y views
Nov is the seasonally strongest month over 4Y.
Nov averages +4.6% with a 75% win rate across 4 years of history.
Apr shows persistent seasonal weakness.
Apr averages -1.8% with only a 20% win rate across 4 years of history.
Q3 (Jul–Aug–Sep) is the seasonally strongest quarter.
The three months of Q3 combine for a +7.6% average return historically.
January Effect: Q1 historically opens the year positively.
Q1 (Jan–Mar) averages +3.9% historically, with January alone posting a 75% win rate.
2026 YTD is tracking above the 4Y seasonal average.
At day 204 of the year, the current YTD return is +48.1% vs the historical average for the same point.
PMZ-UN.TO - Average returns for the respective month in the last 5 years
Monthly Returns Heatmap
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.63% | 10.78% | -5.12% | 9.81% | 4.47% | 13.77% | 3.20% | -6.32% | 4.13% | 1.08% | ||
| 2025 | -3.03% | 6.25% | -5.24% | -2.94% | 7.18% | -3.57% | 0.69% | 2.32% | 2.55% | 0.81% | -0.51% | 2.85% |
| 2024 | 1.16% | -2.38% | 3.94% | -4.87% | 0.92% | 0.69% | 3.16% | 9.40% | 10.73% | -4.04% | 3.65% | -3.58% |
| 2023 | 4.77% | 0.26% | -10.89% | -0.60% | -5.26% | 7.55% | -0.46% | 0.73% | 1.42% | -7.35% | 7.96% | 3.90% |
| 2022 | 1.40% | 8.79% | -10.35% | 2.38% | -12.67% | 8.91% | 1.17% | -3.61% | 10.22% | 7.31% | -1.87% | |
| Avg | 2.38% | 3.26% | -1.71% | -1.79% | 1.94% | 1.16% | 3.10% | 1.46% | 3.04% | -0.09% | 4.60% | 0.32% |
PMZ-UN.TO Distribution of Daily Returns from 2022 to 2026
PMZ-UN.TO - Average growth of $100 invested at start of year
4 years of data
PMZ-UN.TO Distribution of Daily % Changes