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Screen monthly seasonal patterns across a fixed universe. Every cell reports its sample size, its effect size with a confidence interval, and a verdict corrected for the number of tests run — including the patterns that fail.

0
Robust
16
Weak
104
Folklore
0
Insufficient history
10 of 120
SymbolMonthnDifference95% intervalpqYears againstVerdict
AAPLSeptember36-6.13 pp[-11.24, -1.47]0.00330.19812/36Weak
JPMSeptember36-3.91 pp[-7.54, -0.59]0.01170.33620/36Weak
KOSeptember36-2.02 pp[-4.14, -0.04]0.03790.33615/36Weak
SPYSeptember33-1.55 pp[-3.27, 0.13]0.04530.34118/33Weak
MSFTSeptember36-2.38 pp[-4.55, -0.25]0.11720.54120/36Folklore
WMTSeptember36-1.38 pp[-2.88, 0.15]0.19950.57921/36Folklore
JNJSeptember36-0.88 pp[-2.40, 0.74]0.35010.73718/36Folklore
PEPSeptember36-0.56 pp[-2.40, 1.33]0.54470.86021/36Folklore
CVXSeptember36-0.43 pp[-2.50, 1.63]0.70490.87722/36Folklore
XOMSeptember36-0.33 pp[-2.15, 1.51]0.74220.87918/36Folklore

How to read this

Read the q column, not the p column. A p-value below 0.05 looks convincing on its own, but 120 tests were run together here. The q-value corrects for that. At a false-discovery threshold of 10%, roughly one in ten entries that cleared it would still be expected to be a false positive — which is why we state the threshold rather than just the winners.

Years against counts the years in which that month moved opposite to the overall effect. A pattern with a decent average and a third of its years against it is a weaker claim than the average alone suggests, so both are shown.

A cell needs 20 observations to be graded at all and 25 to be eligible for Robust. Cells below the first threshold are reported, never quietly dropped.

Universe: 10 symbols (AAPL, CVX, JNJ, JPM, KO, MSFT, PEP, SPY, WMT, XOM). Data: fmp adjusted end-of-day, 1990-01-02 to 2026-08-20. Methodology version 0.4, generated 2026-08-20T23:31:57+00:00. Survivorship is not corrected for in this universe; that limitation applies to every figure above.

We compute and display. We never recommend. Nothing here is a forecast, and no verdict is advice to buy or sell anything — see the disclaimer.