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Fortescue Metals Group Ltd. (OTCMKT:FSUMF) Seasonal Chart

FSUMF Relative to the S&P 500
FSUMF Relative to the S&P 500

FSUMF Relative to the Sector
FSUMF Relative to the Sector

Monthly Seasonal Fortescue Metals Group Ltd. (OTCMKT:FSUMF)

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 20 has resulted in a geometric average return of 12.78% above the benchmark rate of the S&P 500 Total Return Index over the past 11 years. This seasonal timeframe has shown positive results compared to the benchmark in 10 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 11 years by an average of 9.63% 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 Metals Group 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, most of which has been repaid. Expansion from 55 million tonnes in fiscal 2012 to 170 million tonnes in 2017 means Fortescue supplies nearly 10% of global seaborne iron ore. However, with the iron ore market likely to be well supplied and longer-term demand subdued, we expect Fortescue’s future margins to be below historical averages.

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