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Covalon Technologies Ltd. (TSXV:COV) Seasonal Chart

Covalon Technologies Ltd. (TSXV:COV) Seasonality

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

COV.V Relative to the Sector
COV.V Relative to the Sector

Monthly Seasonal Covalon Technologies Ltd. (TSXV:COV)

Seasonal Chart Analysis

Analysis of the Covalon Technologies Ltd. (TSXV:COV) seasonal charts above shows that a Buy Date of October 17 and a Sell Date of January 16 has resulted in a geometric average return of 15.81% above the benchmark rate of the S&P 500 Total Return Index over the past 12 years. This seasonal timeframe has shown positive results compared to the benchmark in 10 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 12 years by an average of 29.98% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Healthcare sector, which runs from April 25 to December 4. The seasonal chart for the broad sector is available via the following link: Healthcare Sector Seasonal Chart.

Covalon Technologies Ltd is engaged in the business of developing, licensing, and
selling medical technologies. The Company generates its revenues
through development contracts, licensing agreements, and distribution contracts and sales.

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