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Novanta Inc. (NASD:NOVT) Seasonal Chart

Novanta Inc. (NASD:NOVT) Seasonality

NOVT Relative to the S&P 500
NOVT Relative to the S&P 500

NOVT Relative to the Sector
NOVT Relative to the Sector

Monthly Seasonal Novanta Inc. (NASD:NOVT)

Seasonal Chart Analysis

Analysis of the Novanta Inc. (NASD:NOVT) seasonal charts above shows that a Buy Date of October 29 and a Sell Date of February 2 has resulted in a geometric average return of 5.86% above the benchmark rate of the S&P 500 Total Return Index over the past 20 years. This seasonal timeframe has shown positive results compared to the benchmark in 16 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 20 years by an average of 12.54% per year.

The seasonal timeframe correlates Very Well with the period of seasonal strength for the Technology sector, which runs from October 9 to February 15. The seasonal chart for the broad sector is available via the following link: Technology Sector Seasonal Chart.

Novanta Inc, formerly GSI Group Inc
designs, develops, manufactures & sells precision photonic & motion
control components & subsystems to original equipment manufacturers in the
medical, industrial, electronics and scientific markets.

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