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Hexagon AB (OTCMKT:HXGBY) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Hexagon AB (OTCMKT:HXGBY) seasonal charts above shows that a Buy Date of December 9 and a Sell Date of April 18 has resulted in a geometric average return of 10.8% 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 7 of those periods. This is a very 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 4.55% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Technology sector, which runs from October 9 to February 15. The seasonal chart for the broad sector is available via the following link: Technology Sector Seasonal Chart.

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

Hexagon AB provides information technology for industrial applications. It offers solutions in two segments: geospatial enterprise solutions and industrial enterprise solutions. Each segment contributes roughly half of the firm’s overall revenue. Hexagon’s geospatial solutions are used for infrastructure, mining, agriculture, and public safety. The industrial enterprise solutions are used to measure and inspect the quality of complex parts used in manufacturing processes. Hexagon’s largest geographic markets are North America and Western Europe, with each market contributing more than a fourth of the firm’s overall revenue.

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