Skip to main content

The January barometer: Fact or fiction?

Resource type
Thesis type
(Research Project) M.B.A.
Date created
The January Barometer is a theory that claims 'As goes January, so goes the year'. Proponents claim that if the stock market rises in January, the year will follow suit. Conversely, if the market falls in January it will end the year lower. This study uses linear regression analysis to determine if January has any greater predictive value of the following 12-month returns than the other eleven months. It tests two stock market indices over four different time periods. The results of the study provided little evidence to show that January, or any of the other months, can predict the direction or magnitude of stock market returns for the coming twelve months.
Copyright statement
Copyright is held by the author.
The author has not granted permission for the file to be printed nor for the text to be copied and pasted. If you would like a printable copy of this thesis, please contact
Scholarly level
Member of collection
Download file Size
etd1946.pdf 294.94 KB

Views & downloads - as of June 2023

Views: 0
Downloads: 0