Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

NFG.V Relative to the S&P 500

NFG.V Relative to the Sector

% of Free Cash Flow Generated in Each Quarter

% of Net Income Generated in Each Quarter

Seasonal Chart Analysis

Analysis of the New Found Gold Corp. (TSXV:NFG.V) seasonal charts above shows that a Buy Date of February 22 and a Sell Date of May 21 has resulted in a geometric average return of 47.13% 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 4 of those periods. This is an excellent 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 68.44% per year.

The seasonal timeframe is Inline with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

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

New Found Gold Corp. is a mineral exploration company, which engages in the acquisition, exploration, and evaluation of resource properties. It focuses on gold properties located in the provinces of Newfoundland and Labrador and Ontario. The company was founded by Collin Kettell and Denis Laviolette on January 6, 2016 and is headquartered in Vancouver, Canada.

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Stocks mentioned in this post: NFG.V