Help | RSS Feed



Agricultural Bank of China Limited (OTCMKT:ACGBY) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Agricultural Bank of China Limited (OTCMKT:ACGBY) seasonal charts above shows that a Buy Date of October 24 and a Sell Date of February 17 has resulted in a geometric average return of 4.04% 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 6 of those periods. This is a good 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 16.24% per year.

The seasonal timeframe is Inline with the period of seasonal strength for the Financial sector, which runs from November 22 to April 13. The seasonal chart for the broad sector is available via the following link: Financial Sector Seasonal Chart.

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

ABC evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. Headquartered in Beijing, ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China’s state-owned investment company, and the Ministry of Finance own 40% and 39%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 37%, 45%, and 15% of profit before tax, in 2018, respectively. Rural banking and urban banking contributed to 39% and 61% of total revenue, and 35% and 65% profit before tax in 2018.

To download ACGBY seasonal chart data, please log in or Subscribe.

 

Stocks mentioned in this post:

    Search Seasonal Charts by Symbol, Company, or Term

   Symbols by Letter: A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Sponsored By...
Seasonal Advantage Portfolio by CastleMoore