Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

ARIC.V Relative to the S&P 500

Seasonal Chart Analysis

Analysis of the Awale Resources Ltd. (TSXV:ARIC.V) seasonal charts above shows that a Buy Date of March 2 and a Sell Date of May 24 has resulted in a geometric average return of 24.41% 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 43.99% per year.

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

Awale Resources Ltd. engages in the business of gold exploration. Its projects include Bondoukou and Odienne. The company was founded on June 23, 2015 and is headquartered in Mission, Canada.

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Stocks mentioned in this post: ARIC.V