Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

MGDDY Relative to the S&P 500

MGDDY Relative to the Sector

Seasonal Chart Analysis

Analysis of the Compagnie Generale des Etablissements Michelin (OTCMKT:MGDDY) seasonal charts above shows that a Buy Date of March 12 and a Sell Date of June 14 has resulted in a geometric average return of 4.6% 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 9.49% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Consumer Discretionary sector, which runs from October 17 to April 12. The seasonal chart for the broad sector is available via the following link: Consumer Discretionary Sector Seasonal Chart.

Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and related distribution; Road transportation and related distribution; Specialty businesses and related distribution. The company generates maximum revenue from Automotive and related distribution segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the most part in the “Road transportation and related distribution” segment.

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Stocks mentioned in this post: MGDDY