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Seasonal Start
Economic Data
Code Chain New Continent Limited (NASD:CCNC) Seasonal Chart
Seasonal Chart Analysis
Analysis of the Code Chain New Continent Limited (NASD:CCNC) seasonal charts above shows that a Buy Date of December 29 and a Sell Date of April 3 has resulted in a geometric average return of 32.92% 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 4 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 5 years by an average of 71.35% per year.
The seasonal timeframe correlates Fairly Well 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 5 years of data is available for shares of CCNC, 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.
Code Chain New Continent Ltd focuses its business on two segments: coal wholesales and sales of coke, steels, construction materials, mechanical equipment, and steel scrap (Rong Hai); and mobile game development, Internet of Things (IoT), and electronic tokens (Wuge). It derives maximum revenues from the Rong Hai segment through the sale of Fuel materials.
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Stocks mentioned in this post: CCNC
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