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Bank of Montreal (TSE:BMO) Seasonal Chart

Bank of Montreal  (TSE:BMO) Seasonal Chart

BANK OF MONTREAL COM NPV (BMO.TO) Seasonality

Analysis has revealed that with a buy date of March 6 and a sell date of December 7, investors have benefited from a total return of 377.01% over the last 10 years. This scenario has shown positive results in 7 of those periods.

Conversely, the best return over the maximum number of positive periods reveals a buy date of March 12 and a sell date of April 2, producing a total return over the same 10-year range of 75.63% with positive results in 10 of those periods.

The buy and hold return for the past 10 years was 198.16%.

 

Average Daily Return over past 10 years

  2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
Average 0.2% -0.11% -0.05% 0.03% 0.04% 0.03% 0.07% 0.05% -0.02% 0.14%
Up Days 139 120 120 131 131 134 137 120 114 135
Down Days 111 132 128 119 115 110 112 127 129 114

 

Monthly Averages over past 14 years:

Jan. Feb. Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec.
3.75% -2.81% 1.95% 1.94% 2.96% -0.33% 3.44% -2.2% 2.17% 2.3% 2.28% -0.47%

 

 

According to Thackray’s 2010 Investors Guide, the period of seasonal strength for the Financial Sector ranges from January 19th through to April 13th. The seasonality corresponds to the time when banks report fourth quarter earnings and provide favourable guidance for the coming year.

Average Return Positive Periods % of Sessions Gaining Within Periods
19.56% 1 Out of Last 1 Period 53.45%
3.27% 2 Out of Last 3 Periods 51.4%
1.51% 3 Out of Last 5 Periods 50.34%
3.49% 5 Out of Last 10 Periods 49.82%

 

[feedsnap, 5]http://www.equityclock.com/feed/?tag=BMO.TO[/feedsnap]

 

Stocks mentioned in this post:

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