Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

EIT-UN.TO Relative to the S&P 500

EIT-UN.TO Relative to the Sector

Seasonal Chart Analysis

Analysis of the Canoe EIT Income Fund (TSE:EIT/UN.TO) seasonal charts above shows that a Buy Date of March 5 and a Sell Date of May 24 has resulted in a geometric average return of 1.2% 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 14 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 3.84% 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.

Canoe EIT Income Fund is a Canadian closed-end investment trust. The investment objective of the Fund is to maximize monthly distributions relative to risk and maximize net asset value while maintaining and expanding a diversified portfolio. Its investment approach consists of an actively managed portfolio focused on quality franchises, stable businesses, and long-term sustainable growth. It invests in securities of publicly traded real estate investment trusts, qualified limited partnerships, corporations and similar issuers, corporate debt, convertible debentures, and preferred shares. The company’s revenue comprises of interest and dividend income from investment made.

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Stocks mentioned in this post: EIT-UN.TO