Brewin Dolphin Holdings [BRW] – 20 years on the LSE

On this day in 1994 Brewin Dolphin Holdings listed on the LSE.

Monthly seasonality of Brewin Dolphin Holdings

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1988. For example, on average Brewin Dolphin Holdings has out-performed the FTSE 100 by 5.4 percentage points in January.
Average monthly performance of Brewin Dolphin Holdings [BRW] relative to the FTSE 100 Index (1988-2013)

Observations:

  1. The strongest month for Brewin Dolphin Holdings shares relative to the market has been January (the shares have out-performed the market in this month in 13 of the last 18 years).
  2. The weakest month for Brewin Dolphin Holdings relative to the market has been April (the shares have only out-performed the market in this month in 6 of the past 18 years).

Brewin Dolphin Holdings is in the FTSE 350 Financial Services [NMX8770] sector.

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Reed Elsevier [REL] – 66 years on the LSE

On this day in 1948 Reed Elsevier listed on the LSE.

Monthly seasonality of Reed Elsevier

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1988. For example, on average Reed Elsevier has out-performed the FTSE 100 by 2.2 percentage points in February.

Average monthly performance of Reed Elsevier [REL] relative to the FTSE 100 Index (1988-2013)

Observations:

  1. The strongest month for Reed Elsevier shares relative to the market has been February (the shares have out-performed the market in this month in 18 of the last 25 years).
  2. The weakest month for Reed Elsevier relative to the market has been April (the shares have only out-performed the market in this month in 10 of the past 24 years).

Reed Elsevier is in the FTSE 350 Media [NMX5550] sector.

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Bodycote [BOY] – 42 years on the LSE

On this day in 1972 Bodycote listed on the LSE.

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1988. For example, on average Bodycote has out-performed the FTSE 100 by 4.6 percentage points in April.

Average monthly performance of Bodycote [BOY] relative to the FTSE 100 Index (1988-2013)

Observations:

  1. The strongest month for Bodycote shares relative to the market has been April (the shares have out-performed the market in this month in 17 of the last 25 years).
  2. The weakest month for Bodycote relative to the market has been December (the shares have only out-performed the market in this month in 10 of the past 26 years).

Bodycote is in the FTSE 350 Industrial Engineering [NMX2750] sector.

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Legal & General Group [LGEN] – 34 years on the LSE

On this day in 1979 Legal & General Group listed on the LSE.

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1988. For example, on average Legal & General Group has out-performed the FTSE 100 by 1.4 percentage points in August.

Average monthly performance of Legal & General Group [LGEN] relative to the FTSE 100 Index (1988-2013)

Observations:

  1. The strongest month for Legal & General Group shares relative to the market has been August (the shares have out-performed the market in this month in 14 of the last 25 years).
  2. The weakest month for Legal & General Group relative to the market has been April (the shares have only out-performed the market in this month in 9 of the past 25 years).

Legal & General Group is in the FTSE 350 Life Insurance [NMX8570] sector.

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Aviva [AV.] – 23 years on the LSE

On this day in 1990 Aviva listed on the LSE.

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1990. For example, on average Aviva has out-performed the FTSE 100 by 1.1 percentage points in April.

Average monthly performance of Aviva [AV.] relative to the FTSE 100 Index (1990-2013)

Observations:

  1. The strongest month for Aviva shares relative to the market has been April (the shares have out-performed the market in this month in 9 of the last 23 years).
  2. The weakest month for Aviva relative to the market has been March (the shares have only out-performed the market in this month in 7 of the past 23 years).

Aviva is in the FTSE 350 Life Insurance [NMX8570] sector.

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Last trading day of April

Tomorrow will be the last trading day (LTD) of April.

As explained in the 2013 edition of the Almanac the LTDs of months used to be stronger than average, but in recent years they have been weak. This is quite different from the first trading days of months which strongly out-perform the average for all days, and where the effect has strengthened in recent years.

Since 1984 the market has on average risen 0.19% on the LTD of April, which makes it the 3rd strongest LTD of the 12 months.

Since 2000, however, it has fallen to the 5th strongest month LTD, with an average return of 0.13% on the day.

The following chart shows the FTSE 100 Index returns for every April LTD since 1984.

FTSE 100 Index returns for every April LTD since 1984

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First trading day of April

Next Tuesday, 2 April, will be the first trading day (FTD) of April (and therefore also of the second quarter).

As explained in the 2013 edition of the Almanac, the market has a tendency to be strong on the FTD of a month. And this effect has been even more pronounced in recent years.

The April FTD has been the second strongest month FTD of the year: since 1984 the FTSE 100 Index has increased on average 0.47% on this day.

From 2000 the average return on the day has been even higher at 0.79%; and from 2003 the market has never fallen on this day.

The following chart shows the returns for every April FTD since 1984.

Returns for the first trading day of April (1984-2012)

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Aberdeen Asset Management [ADN] – 22 years on the LSE

On this day in 1991 Aberdeen Asset Management listed on the LSE.

The following chart plots the average monthly out-performance of the shares over the FTSE 100 Index since 1994. For example, on average Aberdeen Asset Management has out-performed the FTSE 100 by 5.6 percentage points in December.

Average monthly performance of Aberdeen Asset Management [ADN] relative to the FTSE 100 Index (1994-2012)

Observations:

  1. The strongest month for Aberdeen Asset Management shares relative to the market has been December (the shares have out-performed the market in this month in 14 of the last 19 years).
  2. The weakest month for Aberdeen Asset Management relative to the market has been April (the shares have only out-performed the market in this month in 7 of the past 19 years).

 

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