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Manitou Gold Inc. (TSXV:MTU) Seasonal Chart

Manitou Gold Inc. (TSXV:MTU) Seasonality

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

MTU.V Relative to the Sector
MTU.V Relative to the Sector

Monthly Seasonal Manitou Gold Inc. (TSXV:MTU)

Seasonal Chart Analysis

Analysis of the Manitou Gold Inc. (TSXV:MTU) seasonal charts above shows that a Buy Date of May 11 and a Sell Date of August 25 has resulted in a geometric average return of 16.84% above the benchmark rate of the S&P 500 Total Return Index over the past 6 years. This seasonal timeframe has shown positive results compared to the benchmark in 4 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 6 years by an average of 43.45% per year.

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

A word of caution: Only 6 years of data is available for shares of MTU.V, 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.

Manitou Gold Inc is a mineral exploration company. The company is engaged in locating and exploring mineral properties in Canada.

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