Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

ESBL.V Relative to the S&P 500

Seasonal Chart Analysis

Analysis of the Eshbal Functional Food Inc. (TSXV:ESBL.V) seasonal charts above shows that a Buy Date of February 9 and a Sell Date of May 12 has resulted in a geometric average return of 4.14% above the benchmark rate of the S&P 500 Total Return Index over the past 4 years. This seasonal timeframe has shown positive results compared to the benchmark in 2 of those periods. This is a poor rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 4 years by an average of 37.92% per year.

A word of caution: Only 4 years of data is available for shares of ESBL.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.

Eshbal Functional Food, Inc. engages in research, development, and manufacturing of food products and dietary supplements. Its products include: Sugar-Free, Vegan, Syrups, and Dry Mixes. The company was founded on October 11, 2018 and is headquartered in Vancouver, Canada.

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Stocks mentioned in this post: ESBL.V