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Seasonal Start
Economic Data
9 Meters Biopharma, Inc. (NASD:NMTR) Seasonal Chart
Seasonal Chart Analysis
Analysis of the 9 Meters Biopharma, Inc. (NASD:NMTR) seasonal charts above shows that a Buy Date of December 27 and a Sell Date of March 22 has resulted in a geometric average return of 25.61% 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 90.42% 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.
A word of caution: Only 6 years of data is available for shares of NMTR, 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.
9 Meters Biopharma Inc is a clinical-stage biopharmaceutical company focused on rare and unmet needs in gastroenterology. Its pipeline includes drug candidates for short bowel syndrome (SBS), celiac disease, and three early-stage candidates for undisclosed rare diseases and/or unmet needs. Its products include NM-002, Larazotide, NM-003 and others.
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Stocks mentioned in this post: NMTR
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