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Seasonality

Calendar-linked return patterns: the turn-of-the-month effect, 'sell in May', holiday effects, and the like. Most are small, regime-dependent, and heavily debated. Because they're cheap to state as rules ('buy the first session of the month, sell the last'), they make excellent backtesting exercises — the data either supports them in your window or it doesn't.
See it in action: First-to-Last Day of Month →

Backtested on 59 ETFs over 5.5 years — real engine results, buy-and-hold comparison on every page.

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BacktestingSimulating a strategy's rules against historical market data to estima…

Backtests are hypothetical, computed by DeployQuant's engine on minute-resolution consolidated US market data (2021-01-04 to 2026-07-17, $10,000 starting capital, no margin, fees and slippage not modeled) and do not guarantee future results. Nothing on this page is investment advice. Live trading involves risk of loss.