QQQ is an exchange-traded security designed to track the performance of 100 of the largest domestic and international nonfinancial companies listed on the NASDAQ Stock Market. The trust's adviser periodically adjusts securities to maintain a correspondence between the composition and weights of securities in the trust and stocks in the index. QQQ seeks investment results that correspond generally to the price and yield performance of this index.
When is the best month to buy QQQ?
Invesco QQQ Trust Series 1 has performed the best during the month of October, during which shares have returned an average of 3.43% over the last 24 years.
When is the worst month to buy QQQ?
Invesco QQQ Trust Series 1 has performed the worst during the month of September, during which shares have returned an average of -2.15% over the last 24 years.
Seasonality can be defined as the predictable changes that occur over a one-year period in an economy, market or business, based on the seasons of the calendar year.
Academic research supports the notion that seasonal pricing patterns occur with regularity in futures contracts of commodities with fixed maturities, most notably in the natural gas and crude oil markets.
For example, Ewald, Haugom, Stordal, Lien and Wu find evidence for seasonality in futures products that appears distinct from the seasonal patterns in spot price for the respective commodities.
Traders often attempt to take advantage of seasonal patterns through spread trades that hold long and short positions in assets of differing maturities simultaneously or across related assets in financial products such as
equity sector ETFs,
index futures or
commodities.
Investors in individual equities may take seasonality into account when when analyzing the impact that seasonal changes may have on the fortunes of particular companies. For example, for many businesses, sales can vary depending on the season. In such cases, the share prices of business that experience higher profits during specific seasons may simultaneously register significant gains while later giving them back during off-peak periods.
