All Ordinaries Index - December is Bullish following a 5% plus gain for the calendar year to November
All Ordinaries Index - December is Bullish following a 5% plus gain for the calendar year to November. Over the past 63 years the All Ordinaries Index has provided a regular upward bias for the month of December. Since 1950, December has produced an average gain of 2.09%, win rate 73%, with 46 up months & 17 down months. This mean return of 2.09% for December is over 3 times that of the average monthly return of 0.63% & is statistically significant at well north of the 1 in 20 level. Interestingly, when the calendar year to November managed a gain of 5% plus, December returns were even better, delivering an average gain of 2.57%, win rate 87.50%, with 28 up months & 4 down months (max 8.96%, min -2.71%). Full data set & analysis at (VIEW LINK)
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