The takeaway
Jumia Technologies AG shows a pronounced seasonal pattern over 7 years of data — strongest in July (+32.9%) and softest in October (+2.8%).
Right now
In July, the stock has risen 57% of years, averaging +32.9%, about +30.8 pts better than the S&P 500.
The full picture
Jumia Technologies AG's most dependable month has been July, higher in 4 of 7 years; October has been its least reliable, up just 14% of the time.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
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| 2019 | — | — | — |
Month by month
The stock's clearest edge over the S&P 500 lands in July (+30.8 pts); it has trailed the market most in March (−13.7 pts).
“vs S&P” is Jumia Technologies AG’s average for a month minus the S&P 500’s average for that same month — isolating Jumia Technologies AG’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, July has closed higher 60% of the time versus 57% across the last 7 years — the pattern is holding.
Figures are the typical (median) July return and how often it rose — the last 5 years versus the last 7(the heatmap’s default window). This verdict stays anchored to that 7-year window even if you zoom the chart, so it never disagrees with the badges above.
In plain English
July looks the standout, up in 4 of 7 Julys — yet the appeal is lumpy, leaning on the occasional blow-out year rather than dependable strength.
The headline flatters a touch — its +32.9% average sits well above the +0.4% a typical year delivers, the work of a few big Julys. That reliability comes with real swings, mind — even July ranges by 75.7% 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: July has cleared the S&P 500 by +30.8 points above the index.
At the other end of the calendar, October is the year's low point, though even there the stock has stayed positive on average (+2.8%), a sign every month leans up, and the edge isn't year-round — the stock has trailed the S&P 500 in March, August, and September. Its roughest month on record was a −56.2% August 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.
Hold it loosely, then: the July tendency is genuine but lumpy, more about the occasional outsized year than a gain to bank on. With a short 7-year record and returns that swing hard year to year, the signal is best held loosely.
Short answers on the stock's best month (July), its worst (October), and whether it really trades seasonally.
Yes, to a pronounced degree. Since 2019 its best month (July, +32.9%) has run well ahead of its worst (October, +2.8%) — the heatmap above shows how steady that gap has been year to year.
July has been the strongest, averaging +32.9% and closing higher in 4 of 7 years since 2019.
It's the weakest month, but it has still averaged a small gain (+2.8%) — quiet rather than genuinely bad.
Explore
These names have the strongest July track records on record — a starting point for comparison.
Before you trade