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Seasonal Start
Economic Data
Direxion Daily S&P Biotech Bull 3x Shares (AMEX:LABU) Seasonal Chart
Seasonal Chart Analysis
Analysis of the Direxion Daily S&P Biotech Bull 3x Shares (AMEX:LABU) seasonal charts above shows that a Buy Date of May 13 and a Sell Date of August 7 has resulted in a geometric average return of 27.18% above the benchmark rate of the S&P 500 Total Return Index over the past 7 years. This seasonal timeframe has shown positive results compared to the benchmark in 6 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 7 years by an average of 64.09% per year.
A word of caution: Only 7 years of data is available for shares of LABU, 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.
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Stocks mentioned in this post: LABU
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