Event: Pi (π) Day
March 14 is Pi (π) Day, the annual celebration of a never-ending number. It has become an international holiday, celebrated live and online all around the world by math enthusiasts. The numbers in the date (3/14) match the first three digits of the mathematical constant pi (π). What is π? Divide any circle’s circumference by its diameter; the answer is always approximately 3.14, a number we represent with the Greek letter π. So if the markets are totally greek to you … then it’s always best to focus on the numbers rather than your gut.
It all comes around to numbers and the influenced Pi (π) Day may or may not have on the markets?
Market Comparision
How do the markets perform leading up to and including Pi (π) Day? The analysis table below breaks down each of the 30+ markets into four separate trading periods. These time frames span 6-days, 4-day, 2-days, and the event day itself. The return performance for each time frame is measured against its normal performance during the year to calculate a final over or underperformance return. This metric quantifies, in percentage points, the advantages or disadvantages associated with Pi (π) Day. Markets highlighted with a checkmark or an “x” should be closely monitored for potential strength or weakness heading into the event.
Pi Day is officially celebrated on March 14th at 1:59 following the digits of Pi (3.14159…).
Calendar Breakdown by Events
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