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Elite Pharmaceuticals, Inc. (OTCMKT:ELTP) Seasonal Chart

Elite Pharmaceuticals, Inc. (OTCMKT:ELTP) Seasonality

ELTP Relative to the S&P 500
ELTP Relative to the S&P 500

ELTP Relative to the Sector
ELTP Relative to the Sector

Monthly Seasonal Elite Pharmaceuticals, Inc. (OTCMKT:ELTP)

Seasonal Chart Analysis

Analysis of the Elite Pharmaceuticals, Inc. (OTCMKT:ELTP) seasonal charts above shows that a Buy Date of December 28 and a Sell Date of April 21 has resulted in a geometric average return of 18.34% above the benchmark rate of the S&P 500 Total Return Index over the past 16 years. This seasonal timeframe has shown positive results compared to the benchmark in 11 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 16 years by an average of 43.12% 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.

Elite Pharmaceuticals Inc is engaged in the development and manufacture of oral, controlled-release products. Its reportable segments are Abbreviated New Drug Applications (ANDA) for generic products and New Drug Applications (NDA) for branded products.

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