The takeaway
Dorchester Minerals LP shows a moderate seasonal pattern over 10 years of data — strongest in January (+4.0%) and softest in February (+0.9%).
Right now
In July, the stock has risen 60% of years, averaging +2.3% — essentially in line with the S&P 500.
The full picture
Dorchester Minerals LP's most dependable month has been January, higher in 8 of 10 years; February has been its least reliable, up just 40% of the time.
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Month by month
The stock's clearest edge over the S&P 500 lands in April (+6.3 pts); it has trailed the market most in March (−1.0 pts).
“vs S&P” is Dorchester Minerals LP’s average for a month minus the S&P 500’s average for that same month — isolating Dorchester Minerals LP’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, January has closed higher 80% of the time versus 80% across the last 10 years — the pattern is holding.
Figures are the typical (median) January return and how often it rose — the last 5 years versus the last 10(the heatmap’s default window). This verdict stays anchored to that 10-year window even if you zoom the chart, so it never disagrees with the badges above.
In plain English
Dependability is the through-line here. January stands out, higher in 8 of 10 Januaries, but it heads a clutch of months that pull the year reliably upward.
Its average (+4.0%) and median (+5.6%) land within a hair of each other — the tell of steady, year-after-year gains rather than one outlier doing the work. That reliability comes with real swings, mind — even January ranges by 9.8% from year to year, so any single year can land far from the average. Crucially, the gain is the stock's own rather than a rising tide's: January has cleared the S&P 500 by +4.2 points above the index. That consistency sets it apart from the field, where the average stock manages January only about 53% of the time.
The strength clusters rather than stands alone — November–January forms a firm stretch that carries much of the year. On the other side of the ledger, February is the year's low point, though even there the stock has stayed positive on average (+0.9%), a sign every month leans up, and the edge isn't year-round — the stock has trailed the S&P 500 in March, November, and August. Its roughest month on record was a −37.8% March in 2020 — a reminder of how hard even a seasonal name can fall.
Reassuringly, the tendency has held its shape: the recent five years still track the years behind them.
The takeaway is less about when to buy than what to expect: January aside, the stock's months offer little reliable tilt.
Short answers on the stock's best month (January), its worst (February), and whether it really trades seasonally.
Yes, to a moderate degree. Since 2016 its best month (January, +4.0%) has run well ahead of its worst (February, +0.9%) — the heatmap above shows how steady that gap has been year to year.
January has been the strongest, averaging +4.0% and closing higher in 8 of 10 years since 2016.
It's the weakest month, but it has still averaged a small gain (+0.9%) — quiet rather than genuinely bad.
Explore
These names have the strongest July track records on record — a starting point for comparison.
Before you trade