Euromoney [ERM] – 23 years on the LSE and monthly seasonality

On this day in 1990 Euromoney 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 Euromoney has out-performed the FTSE 100 by 5.0 percentage points in January.

Observations:

  1. The strongest months for Euromoney relative to the market have been January and November (the shares have out-performed the market in 74% of Novembers since 1994).
  2. Euromoney shares have been weak relative to the market in April, July, September and October. The shares have only out-performed the market in 5 of the past 18 Aprils.

 

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