The takeaway
Perma-Pipe International Holdings Inc shows a moderate seasonal pattern over 10 years of data — strongest in April (+3.4%) and softest in February (−3.1%).
Right now
In July, the stock has fallen 40% of years, averaging −0.7%, roughly 2.8 pts behind the S&P 500.
The full picture
Perma-Pipe International Holdings Inc's most dependable month has been April, higher in 8 of 10 years; February has been its least reliable, up just 20% of the time.
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Month by month
The stock's clearest edge over the S&P 500 lands in August (+5.0 pts); it has trailed the market most in March (−4.7 pts).
“vs S&P” is Perma-Pipe International Holdings Inc’s average for a month minus the S&P 500’s average for that same month — isolating Perma-Pipe International Holdings Inc’s own seasonal edge from broad market drift.
Reality check
Over the last 5 years, April has closed higher 100% of the time versus 80% across the last 10 years — the pattern is strengthening.
Figures are the typical (median) April 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. April stands out, higher in 8 of 10 Aprils, but it heads a clutch of months that pull the year reliably upward.
The headline flatters a touch — its +3.4% average sits well above the +1.6% a typical year delivers, the work of a few big Aprils. That reliability comes with real swings, mind — even April ranges by 9.4% 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: April has cleared the S&P 500 by +1.7 points above the index. That consistency sets it apart from the field, where the average stock manages April only about 55% of the time.
A few other months pull their weight: May, August, and September have also closed higher more often than not. On the other side of the ledger, February has been the soft spot — the weakest of 3 months that average a loss (−3.1%), and the edge isn't year-round — the stock has trailed the S&P 500 in March, February, and July. Its roughest month on record was a −31.0% June in 2022 — a reminder of how hard even a seasonal name can fall.
April has now closed higher 5 years running. If anything it has sharpened recently — the last five Aprils run ahead of the earlier years.
The takeaway is less about when to buy than what to expect: April aside, the stock's months offer little reliable tilt.
Short answers on the stock's best month (April), its worst (February), and whether it really trades seasonally.
Yes, to a moderate degree. Since 2016 its best month (April, +3.4%) has run well ahead of its worst (February, −3.1%) — the heatmap above shows how steady that gap has been year to year.
April has been the strongest, averaging +3.4% and closing higher in 8 of 10 years since 2016.
It's the weakest, averaging −3.1% — 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