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Africa Energy Corp. (TSXV:AFE) Seasonal Chart

Africa Energy Corp. (TSXV:AFE) Seasonality

AFE.V Relative to the S&P 500
AFE.V Relative to the S&P 500

AFE.V Relative to the Sector
AFE.V Relative to the Sector

Monthly Seasonal Africa Energy Corp. (TSXV:AFE)

Seasonal Chart Analysis

Analysis of the Africa Energy Corp. (TSXV:AFE) seasonal charts above shows that a Buy Date of August 30 and a Sell Date of November 20 has resulted in a geometric average return of 22.17% above the benchmark rate of the S&P 500 Total Return Index over the past 7 years. This seasonal timeframe has shown positive results compared to the benchmark in 5 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 7 years by an average of 49.49% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Energy sector, which runs from January 21 to May 9. The seasonal chart for the broad sector is available via the following link: Energy Sector Seasonal Chart.

A word of caution: Only 7 years of data is available for shares of AFE.V, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

Africa Energy Corp is an oil and gas exploration company. It holds interests in BLOCK 2B project and PEL 37 project.

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