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Callinex Mines Inc. (TSXV:CNX.V) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Callinex Mines Inc. (TSXV:CNX.V) seasonal charts above shows that a Buy Date of June 23 and a Sell Date of September 21 has resulted in a geometric average return of 18.55% 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 7 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 8 years by an average of 52.17% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

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

Callinex Mines Inc is a Canada-based company, which is engaged in the acquisition, exploration, and development of exploration and evaluation of assets. The company operates through the exploration and evaluation of its exploration and evaluation assets in Canada segment. It focuses on carrying out exploration activities on the Flin Flon and Pine Bay properties, for the purpose of identifying copper and zinc rich volcanogenic massive sulfide (VMS) deposits. Its additional properties include Sneath Lake Project, Gossan Gold Project, Neuron Project, Herblet Lake Project, Coles Creek Project and Fox River Project.

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