Image:January effect graph.png

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Illustration of January effect. Returns by month of the year on the USA stock market, 1927 - 2001. Data: Haugen, R. and J. Lakonishok, The Incredible January Effect.

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graph data:

January 3.87% February 1.28% March 0.48% April 1.27% May 0.73% June 1.00% July 1.78% August 1.55% September -0.70% October -0.40% November 1.55% December 1.65%

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