Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

FSUMF Relative to the S&P 500

FSUMF Relative to the Sector

Seasonal Chart Analysis

Analysis of the Fortescue Metals Group Ltd. (OTCMKT:FSUMF) seasonal charts above shows that a Buy Date of November 30 and a Sell Date of February 18 has resulted in a geometric average return of 15.44% above the benchmark rate of the S&P 500 Total Return Index over the past 15 years. This seasonal timeframe has shown positive results compared to the benchmark in 15 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 15 years by an average of 12.95% 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 start of 2008 to become the world’s fourth-largest producer. Growth was fuelled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 185 million metric tons in 2022 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons 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 diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.

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Stocks mentioned in this post: FSUMF