Commonwealth Africa Fund - Seasonality

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Commonwealth Africa Fund - Seasonality

Seasonality Charts

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Correlation

2012

86.37%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
Probability %	70%	56%	50%	70%	70%	50%	50%	50%	50%	56%	78%	67%
Average return %	+1.40%	-0.78%	-2.58%	+0.71%	+0.38%	+0.85%	+1.78%	-0.99%	-0.94%	+0.49%	+5.14%	+2.00%
2026	+4.92%	+8.64%	-13.94%	+3.52%	+3.66%	-0.74%	-1.65%	+4.03%	-0.48%	--	--	--
2025	+1.01%	-1.00%	+5.03%	-1.56%	+10.45%	+2.75%	-1.39%	+7.93%	+4.53%	+3.27%	+4.85%	+2.93%
2024	-4.92%	-4.03%	+3.90%	+2.74%	+0.42%	+9.79%	+5.10%	+3.15%	+7.05%	-2.09%	-2.47%	-8.51%
2023	+3.36%	-8.26%	+1.91%	+0.13%	-12.70%	+9.34%	+8.82%	-10.04%	-1.57%	-2.03%	+4.75%	+3.54%
2022	+5.48%	+4.51%	+5.83%	-10.20%	+0.11%	-9.88%	-0.13%	-3.53%	-11.37%	+5.01%	+13.48%	-4.33%
2021	-0.94%	+3.53%	+7.34%	+1.59%	+7.81%	-5.35%	-1.53%	+4.07%	-4.83%	+1.45%	-2.26%	+2.31%
2020	-9.32%	-11.46%	-30.36%	+8.33%	+5.52%	+6.92%	+4.20%	-0.34%	+2.19%	-0.49%	+12.75%	+9.25%
2019	+9.38%	-2.90%	-3.90%	+4.06%	-5.39%	+3.39%	-5.04%	-8.15%	+1.08%	+4.79%	+2.16%	+3.98%
2018	+1.21%	0.00%	-1.11%	-2.52%	-6.88%	-7.08%	+4.75%	-10.44%	0.00%	-6.36%	+6.42%	-2.96%
2017	+3.84%	+3.22%	-0.46%	+1.04%	+0.80%	-0.68%	+4.70%	+3.40%	-5.51%	+0.90%	+6.56%	+11.78%

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