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Africa Energy Corp. (TSXV:AFE.V) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Africa Energy Corp. (TSXV:AFE.V) seasonal charts above shows that a Buy Date of August 30 and a Sell Date of January 12 has resulted in a geometric average return of 11.84% above the benchmark rate of the S&P 500 Total Return Index over the past 8 years. This seasonal timeframe has shown positive results compared to the benchmark in 5 of those periods. This is a fair rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 8 years by an average of 35.07% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Energy sector, which runs from January 21 to May 9. The seasonal chart for the broad sector is available via the following link: Energy Sector Seasonal Chart.

A word of caution: Only 8 years of data is available for shares of AFE.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.

Africa Energy Corp. is an oil and gas company based in Canada. It has exploration assets in South Africa and Namibia. The operations of the company include Block 11B/12B and Block 2B in South Africa as well as Petroleum Exploration License 37 in Namibia.

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