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Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

FSUGY Relative to the S&P 500

FSUGY Relative to the Sector

Seasonal Chart Analysis

Analysis of the Fortescue Metals Group Limited (OTCMKT:FSUGY) seasonal charts above shows that a Buy Date of December 2 and a Sell Date of February 20 has resulted in a geometric average return of 11.21% above the benchmark rate of the S&P 500 Total Return Index over the past 13 years. This seasonal timeframe has shown positive results compared to the benchmark in 12 of those periods. This is an excellent rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 13 years by an average of 14.72% per year.

The seasonal timeframe is Inline 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.

Fortescue is an Australia-based iron ore miner. It has grown from obscurity at the start of 2008 to become the world’s fourth-largest producer. Growth was fuelled by debt, now repaid. Expansion from 55 million tonnes in fiscal 2012 to about 185 million tonnes in 2022 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million tonnes is likely once it completes construction of its 22 million tonne Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China’s economy matures, we expect Fortescue’s future margins to be below historical averages. More recently, Fortescue has diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts here are at an early stage.

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Stocks mentioned in this post: FSUGY