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Garibaldi Resources Corp. (OTCMKT:GGIFF) Seasonal Chart

Garibaldi Resources Corp. (OTCMKT:GGIFF) Seasonality

GGIFF Relative to the S&P 500
GGIFF Relative to the S&P 500

Monthly Seasonal Garibaldi Resources Corp. (OTCMKT:GGIFF)

Seasonal Chart Analysis

Analysis of the Garibaldi Resources Corp. (OTCMKT:GGIFF) seasonal charts above shows that a Buy Date of June 29 and a Sell Date of November 17 has resulted in a geometric average return of 69.33% above the benchmark rate of the S&P 500 Total Return Index over the past 9 years. This seasonal timeframe has shown positive results compared to the benchmark in 7 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 9 years by an average of 36.55% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Sector Seasonal Chart.

A word of caution: Only 9 years of data is available for shares of GGIFF, 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.

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