As the title says, I'm conducting telecommunications industry research and when taking the average movements of ten of the largest telecom stocks for the past three years, there's a strong trend I noticed that occurs in July as well as Oct to Nov.
At the start of July, the ten stocks fall around 1 standard deviation on average before moving upwards around 1.2 standard deviations. Then in October, the stocks on average fall before spiking in late November.
I would post a visual to allow for better understanding but It doesn't allow photos.
Would anyone know why this happens? Thanks
