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AXIM Biotechnologies Inc. (OTCMKT:AXIM) Seasonal Chart

Seasonal Chart Analysis

Analysis of the AXIM Biotechnologies Inc. (OTCMKT:AXIM) seasonal charts above shows that a Buy Date of September 27 and a Sell Date of February 8 has resulted in a geometric average return of 120.5% above the benchmark rate of the S&P 500 Total Return Index over the past 6 years. This seasonal timeframe has shown positive results compared to the benchmark in 4 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 6 years by an average of 102.14% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Healthcare sector, which runs from April 25 to December 4. The seasonal chart for the broad sector is available via the following link: Healthcare Sector Seasonal Chart.

A word of caution: Only 6 years of data is available for shares of AXIM, 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.

Axim Biotechnologies Inc is a biotechnology company. The firm is working on the treatment of pain, spasticity, anxiety and other medical disorders with the application of cannabinoids based products and also focuses on research, development and production of pharmaceutical, nutraceutical and cosmetic products and alternative sources of energy. Its products include MedChew, CanQuit, AX and Suppocann.

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