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Firsthand Technology Value Fund, Inc. (NASD:SVVC) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Firsthand Technology Value Fund, Inc. (NASD:SVVC) seasonal charts above shows that a Buy Date of December 23 and a Sell Date of March 16 has resulted in a geometric average return of 10.01% 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 6 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 8 years by an average of 28.34% per year.

The seasonal timeframe correlates Fairly Well 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.

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

Firsthand Technology Value Fund Inc is an externally managed, non-diversified, closed-end management investment company. The Fund’s investment objective is to seek long-term growth of capital, principally by seeking capital gains on its equity and equity-related investments. Its portfolio is primarily composed of equity and equity derivative securities of technology and cleantech companies. Its primary focus is to invest in illiquid private technology and cleantech companies. It may also invest in micro-cap publicly traded companies.

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