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SAP: seasonality, event history and insights

In October, SAP has averaged +2.73% and risen in 54% of 28 years (1998 to 2025). We rate the October pattern as no clear pattern.

Last close 188.60 on October 6, 2026: +1.92% on the day, -7.94% this year, +1.58% so far in October.

Last close
188.60
Day
+1.92%
1 month
+1.57%
Year to date
-7.94%
1 year
-17.18%
From 52-week high
-20.74%
+3.4%+1.7%-1.7%-3.4%Jan: average +1.66%, up in 46% of 28 yearsJanFeb: average +0.12%, up in 43% of 28 yearsFebMar: average -0.62%, up in 57% of 28 yearsMarApr: average +3.37%, up in 57% of 28 yearsAprMay: average +1.25%, up in 59% of 29 yearsMayJun: average +1.17%, up in 59% of 29 yearsJunJul: average +2.78%, up in 62% of 29 yearsJulAug: average -0.21%, up in 59% of 29 yearsAugSep: average -2.63%, up in 45% of 29 yearsSepOct: average +2.73%, up in 54% of 28 yearsOctNov: average +1.65%, up in 64% of 28 yearsNovDec: average +1.40%, up in 50% of 28 yearsDec
SAP: average return by calendar month, 1998 to 2026. Solid bars held the same direction in both halves of the sample; faded bars did not.

Month by month

MonthAverageMedianUp yearsLast 10 yearsBestWorstYearsPattern
January+1.66%-0.41%46%+1.05%+34.93% 2001-18.14% 202628no clear pattern
February+0.12%-0.82%43%-0.72%+14.04% 2000-9.93% 200328no clear pattern
March-0.62%+1.31%57%-0.28%+9.60% 2002-23.09% 200128no clear pattern
April+3.37%+0.64%57%+3.78%+39.03% 2001-16.80% 200228weak
May+1.25%+1.14%59%+2.45%+14.01% 2005-21.21% 200229no clear pattern
June+1.17%+0.69%59%+1.58%+17.93% 1998-13.69% 202629no clear pattern
July+2.78%+2.53%62%+2.22%+24.36% 2000-23.98% 200229moderate
August-0.21%+1.06%59%+1.99%+21.07% 2026-21.38% 199829no clear pattern
September-2.63%-0.97%45%-1.19%+5.59% 1999-41.08% 200229no clear pattern
October+2.73%+1.05%54%+0.30%+69.28% 2002-31.09% 202028no clear pattern
November+1.65%+2.81%64%+1.63%+18.81% 2001-33.71% 200028weak
December+1.40%+0.49%50%+0.54%+45.62% 1999-14.67% 200228no clear pattern

Returns from the last close of the previous month to the last close of the month. Source: Yahoo Finance (SAP.DE). Download monthly data (CSV).

What drives SAP

Sell in May for SAP

From 1999 to 2025, the November to April half averaged +7.96% and the May to October half +3.18%. The winter half did better in 63% of 27 years. Compare all markets.

Year by year

YearJanFebMarAprMayJunJulAugSepOctNovDec
2026-18.10.2-14.1-0.98.5-13.717.721.1-2.7
202513.6-1.2-7.94.55.1-2.9-2.9-7.6-1.6-1.5-7.1-0.1
202415.37.54.4-6.0-1.014.22.91.43.45.14.75.1
202312.4-0.88.05.91.12.4-0.63.5-4.73.214.8-4.1
2022-11.6-8.2-0.2-3.5-2.3-6.34.3-6.3-1.016.17.0-7.7
2021-2.3-2.62.311.8-1.14.71.75.5-8.37.2-9.710.4
2020-2.1-5.3-7.86.05.79.57.63.2-3.8-31.111.55.1
20193.84.49.311.2-2.39.4-7.5-2.8-0.710.13.9-2.6
2018-2.8-5.1-1.48.85.82.70.93.82.3-10.7-4.0-4.4
20172.23.94.60.15.0-4.2-1.9-1.85.25.4-3.1-1.3
2016-0.3-4.41.7-3.98.6-8.016.80.52.7-0.8-1.75.0
2015-0.78.67.50.60.8-7.14.3-8.1-3.424.03.8-1.6
2014-9.13.30.4-1.2-1.50.44.40.6-3.5-5.04.52.8
2013-0.6-0.84.4-3.5-3.8-1.6-1.71.2-2.35.85.32.2
201213.19.73.4-4.3-5.20.311.41.15.22.06.81.1
201110.83.5-1.20.70.6-3.34.5-12.90.813.91.7-7.9

Monthly change in percent. Most recent years at the top.

Latest insights on SAP

No insights yet. New ones are added every weekday morning.

Questions

What is the best month for SAP?

Since 1998, April has had the highest average move for SAP at +3.37%, rising in 57% of 28 years. November has the highest share of positive years (64%).

What is the worst month for SAP?

September has had the weakest average move at -2.63%, rising in 45% of 29 years.

How does SAP usually do in October?

SAP has averaged +2.73% in October (median +1.05%), rising in 54% of 28 years. We rate the pattern as no clear pattern.

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Not investment advice. Market Seasonality publishes historical statistics, news summaries and scenario analysis for information and education. Past patterns do not guarantee future results. Nothing here is a recommendation to buy, sell or hold any asset, and scenarios describe possible paths without predicting them. See the disclaimer and methodology.