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Seasonal Start
Economic Data
Banxa Holdings Inc. (TSXV:BNXA.V) Seasonal Chart
Seasonal Chart Analysis
Analysis of the Banxa Holdings Inc. (TSXV:BNXA.V) seasonal charts above shows that a Buy Date of February 2 and a Sell Date of April 24 has resulted in a geometric average return of 29.53% above the benchmark rate of the S&P 500 Total Return Index over the past 5 years. This seasonal timeframe has shown positive results compared to the benchmark in 5 of those periods. This is an excellent rate of success, but the return underperforms the relative buy-and-hold performance of the stock over the past 5 years by an average of 44.91% 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 5 years of data is available for shares of BNXA.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.
Banxa Holdings Inc is a payments service provider for the digital asset space. It offers a cryptocurrency gateway platform to other businesses in the industry. The company’s goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency. Geographically, it operates in Australia, North America and Europe and derives a majority of its revenue from Europe.
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Stocks mentioned in this post: BNXA.V
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