Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

ASE.V Relative to the S&P 500

Seasonal Chart Analysis

Analysis of the Asante Gold Corp. (TSXV:ASE.V) seasonal charts above shows that a Buy Date of July 23 and a Sell Date of October 15 has resulted in a geometric average return of 36.99% above the benchmark rate of the S&P 500 Total Return Index over the past 9 years. This seasonal timeframe has shown positive results compared to the benchmark in 8 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 9 years by an average of 27.8% per year.

A word of caution: Only 9 years of data is available for shares of ASE.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.

Asante Gold Corp. is a mineral exploration and gold production company, which engages in the assessment, acquisition, development, and operation of mineral properties. Its projects include Aboduabo, Kubi, Kehole, Betenase, Fahiakoba, and Ashanti II. Its mineral properties are Bibiani Gold Mine and Chirano Gold Mine. The company was founded by Douglas R. MacQuarrie, Florian Riedl-Riedenstein, and Jagtar Singh Sandhu on May 4, 2011 and is headquartered in Vancouver, Canada.

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Stocks mentioned in this post: ASE.V