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Seasonal Start
Economic Data
Cannara Biotech Inc. (TSXV:LOVE.V) Seasonal Chart
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LOVE.V Relative to the S&P 500 |
LOVE.V Relative to the Sector |
Seasonal Chart Analysis
Analysis of the Cannara Biotech Inc. (TSXV:LOVE.V) seasonal charts above shows that a Buy Date of April 13 and a Sell Date of August 10 has resulted in a geometric average return of 3.81% 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 5 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 6 years by an average of 11.89% per year.
The seasonal timeframe is Inline with the period of seasonal strength for the Consumer Staples sector, which runs from April 25 to November 23. The seasonal chart for the broad sector is available via the following link: Consumer Staples Sector Seasonal Chart.
A word of caution: Only 6 years of data is available for shares of LOVE.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.
Cannara Biotech, Inc. engages in the production of premium-grade cannabis and cannabis-derivative products. It operates under the Indoor Cannabis and Real Estate operating segments. The Indoor Cannabis segment is involved in cultivation, processing, and sale of dried cannabis and cannabis derivatives. The Real Estate segment focuses on the Farnham and Valleyfield building. The company was founded on October 19, 2017 and is headquartered in Montreal, Canada.
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Stocks mentioned in this post: LOVE.V
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