Last 59 trading days. "Overnight" = today's Open vs the PRIOR day's Close
(the same move plotted as the pink dotted line on the chart) โ each day's own OpenโClose
move is not counted here. Overnight $/% is what you'd have earned holding only from close
to next open; Cum. Index is the running compounded value shown on the chart's pink line.
Date
Prior Close
Overnight $
Overnight %
Cum. Index
Open
High
Low
Close
2026-07-17
$11.44
+0.09
+0.79%
$11.53
$11.53
$11.70
$11.08
$11.21
2026-07-21
$11.21
-0.03
-0.22%
$11.50
$11.19
$11.47
$11.08
$11.37
2026-07-22
$11.37
+0.33
+2.90%
$11.84
$11.70
$12.15
$11.62
$11.78
2026-07-23
$11.78
+0.00
+0.00%
$11.84
$11.78
$11.98
$11.46
$11.69
2026-07-24
$11.69
+0.06
+0.51%
$11.90
$11.75
$11.76
$11.29
$11.30
2026-07-27
$11.30
-0.04
-0.35%
$11.86
$11.26
$11.36
$11.05
$11.12
2026-07-28
$11.12
+0.09
+0.81%
$11.95
$11.21
$11.46
$10.88
$10.94
2026-07-29
$10.94
-0.01
-0.09%
$11.94
$10.93
$11.01
$9.95
$10.01
2026-07-30
$10.01
+0.49
+4.90%
$12.53
$10.50
$11.85
$10.50
$11.83
2026-07-31
$11.83
-0.26
-2.20%
$12.25
$11.57
$11.74
$10.64
$10.71
2026-08-03
$10.71
+0.00
+0.00%
$12.25
$10.71
$10.90
$10.22
$10.36
2026-08-04
$10.36
-0.10
-0.97%
$12.13
$10.26
$10.56
$10.09
$10.55
2026-08-05
$10.55
-0.02
-0.19%
$12.11
$10.53
$11.07
$10.51
$10.78
2026-08-06
$10.78
-0.09
-0.83%
$12.01
$10.69
$10.84
$10.45
$10.55
2026-08-07
$10.55
+0.08
+0.76%
$12.10
$10.63
$10.82
$10.53
$10.59
2026-08-10
$10.59
-0.08
-0.76%
$12.01
$10.51
$10.66
$10.13
$10.46
2026-08-11
$10.46
+0.03
+0.29%
$12.04
$10.49
$10.68
$10.35
$10.41
2026-08-12
$10.41
+0.04
+0.38%
$12.09
$10.45
$10.45
$10.08
$10.24
2026-08-13
$10.24
-0.04
-0.39%
$12.04
$10.20
$10.20
$9.95
$10.16
2026-08-14
$10.16
+0.04
+0.39%
$12.09
$10.20
$10.33
$10.02
$10.15
2026-08-17
$10.15
-0.03
-0.30%
$12.05
$10.12
$10.36
$9.97
$10.18
2026-08-18
$10.18
+0.09
+0.88%
$12.16
$10.27
$10.33
$10.00
$10.12
2026-08-19
$10.12
+0.17
+1.68%
$12.36
$10.29
$11.10
$10.29
$10.81
2026-08-20
$10.81
-0.05
-0.46%
$12.31
$10.76
$10.98
$10.53
$10.88
2026-08-21
$10.88
+0.13
+1.19%
$12.45
$11.01
$11.35
$10.85
$11.02
2026-08-24
$11.02
+0.03
+0.27%
$12.49
$11.05
$11.43
$10.97
$11.28
2026-08-25
$11.28
-0.16
-1.42%
$12.31
$11.12
$11.22
$10.91
$11.17
2026-08-26
$11.17
+0.01
+0.09%
$12.32
$11.18
$11.61
$11.05
$11.08
2026-08-27
$11.08
-0.06
-0.54%
$12.26
$11.02
$11.05
$10.65
$10.66
2026-08-28
$10.66
+0.25
+2.35%
$12.54
$10.91
$11.33
$10.78
$11.33
2026-08-31
$11.33
-0.04
-0.35%
$12.50
$11.29
$11.60
$11.17
$11.53
2026-09-01
$11.53
-0.09
-0.78%
$12.40
$11.44
$11.94
$11.39
$11.88
2026-09-02
$11.88
+0.12
+1.01%
$12.53
$12.00
$13.46
$11.99
$13.33
2026-09-03
$13.33
-0.03
-0.23%
$12.50
$13.30
$13.42
$12.38
$12.98
2026-09-04
$12.98
-0.03
-0.23%
$12.47
$12.95
$13.09
$12.65
$12.97
2026-09-08
$12.97
+0.14
+1.08%
$12.60
$13.11
$13.23
$12.57
$12.81
2026-09-09
$12.81
-0.06
-0.47%
$12.54
$12.75
$12.94
$12.24
$12.29
2026-09-10
$12.29
-0.22
-1.79%
$12.32
$12.07
$12.43
$11.89
$12.08
2026-09-11
$12.08
+0.00
+0.00%
$12.32
$12.08
$12.08
$11.28
$11.40
2026-09-14
$11.40
-0.18
-1.58%
$12.13
$11.22
$11.52
$10.98
$10.98
2026-09-15
$10.98
-0.03
-0.27%
$12.09
$10.95
$11.58
$10.77
$11.25
2026-09-16
$11.25
-0.12
-1.07%
$11.96
$11.13
$11.22
$10.61
$10.80
2026-09-17
$10.80
+0.04
+0.37%
$12.01
$10.84
$10.86
$10.14
$10.20
2026-09-18
$10.20
-0.12
-1.18%
$11.87
$10.08
$10.26
$9.71
$10.09
2026-09-21
$10.09
+0.15
+1.49%
$12.04
$10.24
$10.36
$9.95
$10.28
2026-09-22
$10.28
+0.20
+1.95%
$12.28
$10.48
$10.76
$10.38
$10.57
2026-09-23
$10.57
-0.16
-1.47%
$12.10
$10.41
$10.49
$9.88
$9.90
2026-09-24
$9.90
+0.00
+0.00%
$12.10
$9.90
$10.11
$9.54
$9.59
2026-09-25
$9.59
+0.02
+0.21%
$12.12
$9.61
$9.76
$9.46
$9.58
2026-09-28
$9.58
-0.09
-0.94%
$12.01
$9.49
$9.51
$9.14
$9.21
2026-09-29
$9.21
+0.01
+0.11%
$12.02
$9.22
$9.39
$9.07
$9.09
2026-09-30
$9.09
+0.00
+0.00%
$12.02
$9.09
$9.29
$8.85
$8.92
2026-10-01
$8.92
+0.00
+0.00%
$12.02
$8.92
$8.97
$8.46
$8.56
2026-10-02
$8.56
+0.04
+0.47%
$12.08
$8.60
$8.97
$8.33
$8.44
2026-10-05
$8.44
+0.16
+1.90%
$12.31
$8.60
$9.17
$8.42
$9.00
2026-10-06
$9.00
+0.05
+0.56%
$12.38
$9.05
$9.30
$8.96
$9.03
2026-10-07
$9.03
+0.03
+0.33%
$12.42
$9.06
$9.21
$8.84
$9.09
2026-10-08
$9.09
-0.05
-0.55%
$12.35
$9.04
$9.14
$8.83
$8.92
2026-10-09
$8.92
-0.07
-0.78%
$12.25
$8.85
$8.90
$8.21
$8.35
๐ Overnight % Gain Trend
Cumulative overnight-only return, indexed to 0% on 2026-07-16
(same window as the chart overlay and table above, just plotted as % instead of $).
๐๏ธ Overnight End-of-Month PnL
One checkpoint per calendar month (value at the last trading day seen that month) from the
same overnight-only cumulative series above. The first and last
month shown may be partial if the data window doesn't start/end on a month boundary.
Month
Start Value
End Value
PnL $
PnL %
2026-07
$11.44
$12.25
+0.81
+7.09%
2026-08
$12.25
$12.50
+0.25
+2.02%
2026-09
$12.50
$12.02
-0.48
-3.82%
2026-10
$12.02
$12.25
+0.23
+1.91%
๐ Seasonality โ Close Price by Year
Each line is one calendar year's close price (or % change from that year's first trading
day, in "% from Jan 1" mode), aligned by month/day so the same point in the calendar lines
up across years. Most recent year is drawn thicker. Click a year in the legend to hide/show it.
From 2016-01-04 to 2026-10-09 (2,700 trading days), $1 invested
overnight-only would now be worth $1.88;
$1 invested intraday-only would be worth $0.17.
FMC's historical return has leaned mostly on the overnight session.
This reflects a statistical pattern in past prices, not a trading strategy or investment advice โ
it ignores transaction costs and slippage.
๐ฏ Best Strategy Backtest
See which saved strategy has the best real backtested win-rate on FMC, with buy/sell triggers plotted right on the chart.