Nike Averaged 4.2% March Loss with Only 10% Win Rate
Nike has historically been the worst-performing S&P 500 stock each March over the past decade, posting an average loss of 4.2% and only a 10% win rate. The athleticwear leader remains at year-to-date breakeven and could face further downside in the final month of Q1.
1. Seasonal Vulnerability
Nike ranks as the most vulnerable S&P 500 stock in March, with an average decline of 4.2% over the past ten years and a win rate of just 10%. This places it below all other large-cap names for seasonal performance in the month.
2. Historical Performance Metrics
Over the last decade, Nike delivered positive returns in only one out of ten March periods, underscoring its status as a seasonal laggard among blue-chip stocks. Its average drawdown significantly outpaces the broader index performance for the same time frame.
3. Investor Implications
Trading around its year-to-date breakeven level, Nike may be at risk of additional losses if historical patterns persist. Investors could consider trimming exposure or employing hedges to mitigate potential downside during the final weeks of Q1.