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Mahanagar Telephone Nigam Ltd. (OTCMKT:MTENY) Seasonal Chart

Mahanagar Telephone Nigam Ltd. (OTCMKT:MTENY) Seasonality

MTENY Relative to the S&P 500
MTENY Relative to the S&P 500

MTENY Relative to the Sector
MTENY Relative to the Sector

Monthly Seasonal Mahanagar Telephone Nigam Ltd. (OTCMKT:MTENY)

Seasonal Chart Analysis

Analysis of the Mahanagar Telephone Nigam Ltd. (OTCMKT:MTENY) seasonal charts above shows that a Buy Date of March 30 and a Sell Date of August 7 has resulted in a geometric average return of 6.82% 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 12 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 24.9% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Industrials sector, which runs from October 29 to May 10. The seasonal chart for the broad sector is available via the following link: Industrials Sector Seasonal Chart.

Mahanagar Telephone Nigam Ltd is a provider of fixed-line telecommunication service in Delhi and Mumbai. It also provides mobile service and broadband service to its customer.

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