What is the best month for SAP?
Since 1999, April has been the strongest month for SAP, averaging +3.37% and rising in 57% of 28 years. September has been the weakest, at -2.63%.
We rate the April pattern as weak and the September pattern as no clear pattern. July comes second at +2.78%. A strong month is when prices have tended to rise, not a promise that they will.
Every month, ranked
SAP, 1998 to 2026
| Rank | Month | Average | Median | Up years | Pattern |
|---|---|---|---|---|---|
| 1 | April | +3.37% | +0.64% | 57% | weak |
| 2 | July | +2.78% | +2.53% | 62% | moderate |
| 3 | October | +2.73% | +1.05% | 54% | no clear pattern |
| 4 | January | +1.66% | -0.41% | 46% | no clear pattern |
| 5 | November | +1.65% | +2.81% | 64% | weak |
| 6 | December | +1.40% | +0.49% | 50% | no clear pattern |
| 7 | May | +1.25% | +1.14% | 59% | no clear pattern |
| 8 | June | +1.17% | +0.69% | 59% | no clear pattern |
| 9 | February | +0.12% | -0.83% | 44% | no clear pattern |
| 10 | August | -0.21% | +1.06% | 59% | no clear pattern |
| 11 | March | -0.62% | +1.31% | 57% | no clear pattern |
| 12 | September | -2.63% | -0.97% | 45% | no clear pattern |
Exact date ranges
Seasonal windows that held in at least 75% of years
Likely range of the hit rate 63% to 92%. 1999 to 2011: 85%, 2012 to 2025: 79%.
Why it might happen
- Cloud migration of enterprise software customers; Europe's largest software company.
- Fourth-quarter deal signings matter most because of enterprise budget cycles.
Full statistics, technicals and event reactions: SAP. How to read these numbers: guide.
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Not investment advice. Market Seasonality publishes historical statistics, news summaries and scenario analysis for information and education. Past patterns do not guarantee future results. Nothing here is a recommendation to buy, sell or hold any asset, and scenarios describe possible paths without predicting them. See the disclaimer and methodology.