The takeaway
DocuSign Inc shows a pronounced seasonal pattern over 8 years of data — strongest in July (+5.0%) and softest in September (−4.7%).
Right now
In July, the stock has risen 88% of years, averaging +5.0%, about +2.9 pts better than the S&P 500.
The full picture
DocuSign Inc's most dependable month has been July, higher in 7 of 8 years; September has been its least reliable, up just 25% of the time.
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| 2018 | — | — | — |
Month by month
The stock's clearest edge over the S&P 500 lands in May (+8.3 pts); it has trailed the market most in September (−4.6 pts).
“vs S&P” is DocuSign Inc’s average for a month minus the S&P 500’s average for that same month — isolating DocuSign Inc’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, July has closed higher 80% of the time versus 88% across the last 8 years — the pattern is holding.
Figures are the typical (median) July return and how often it rose — the last 5 years versus the last 8(the heatmap’s default window). This verdict stays anchored to that 8-year window even if you zoom the chart, so it never disagrees with the badges above.
In plain English
Strip the year back and a single month does the heavy lifting: July, up in 7 of 8 Julys while the other eleven tend to blur together.
A typical July brings +3.4%, a shade under the +5.0% average. It is also the calendar's calmest month, its returns swinging least from year to year (a 6.6% spread), and even its worst July in 8 years lost only 2.2% — the gentlest downside anywhere on its calendar. Crucially, the gain is the stock's own rather than a rising tide's: July has cleared the S&P 500 by +2.9 points above the index. That consistency sets it apart from the field, where the average stock manages July only about 61% of the time.
A few other months pull their weight: January, May, and December have also closed higher more often than not. At the other end of the calendar, September has been the soft spot — the weakest of 4 months that average a loss (−4.7%), and the edge isn't year-round — the stock has trailed the S&P 500 in September, March, and April. Its roughest month on record was a −34.0% December in 2021 — a reminder of how hard even a seasonal name can fall.
A long streak recently broke — July had risen 7 years straight before a −2.2% reading in 2025. 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: July aside, the stock's months offer little reliable tilt. With a short 8-year record, the signal is best held loosely.
Short answers on the stock's best month (July), its worst (September), and whether it really trades seasonally.
Yes, to a pronounced degree. Since 2018 its best month (July, +5.0%) has run well ahead of its worst (September, −4.7%) — the heatmap above shows how steady that gap has been year to year.
July has been the strongest, averaging +5.0% and closing higher in 7 of 8 years since 2018.
It's the weakest, averaging −4.7% — historically a soft spot, though it still varies from year to year.
Explore
These names have the strongest July track records on record — a starting point for comparison.
Before you trade