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Chemung Financial Corp. (NASD:CHMG) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Chemung Financial Corp. (NASD:CHMG) seasonal charts above shows that a Buy Date of September 3 and a Sell Date of November 26 has resulted in a geometric average return of 3.62% above the benchmark rate of the S&P 500 Total Return Index over the past 20 years. This seasonal timeframe has shown positive results compared to the benchmark in 15 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 20 years by an average of 4.57% per year.

The seasonal timeframe correlates Poorly 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.

Chemung Financial Corp is a bank holding firm. It provides financial services, including demand, savings and time deposits, commercial, residential and consumer loans, letters of credit, wealth management services, employee benefit plans, securities, and insurance brokerage services. Its business operations are organized into two segments, Core Banking, and Wealth Management Group. It derives most of its revenues from the core banking segment.

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