Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

IDCBY Relative to the S&P 500

IDCBY Relative to the Sector

% of Revenue Generated in Each Quarter

% of Free Cash Flow Generated in Each Quarter

% of Net Income Generated in Each Quarter

Seasonal Chart Analysis

Analysis of the Industrial and Commercial Bank of China Ltd. (OTCMKT:IDCBY) seasonal charts above shows that a Buy Date of August 24 and a Sell Date of January 19 has resulted in a geometric average return of 1.21% 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 10 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 15 years by an average of 12.18% per year.

The seasonal timeframe correlates Poorly 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.

ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China’s largest by asset scale and by share of lending and deposits. Central Huijin Investment (China’s sovereign wealth fund manager) and China’s Ministry of Finance are ICBC’s two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 413 outlets are located in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 47%, 40%, and 13% of total revenue, respectively; and 44%, 36%, and 18% of profit before tax in 2023. Overseas banking and other business contributed 12% of total revenue and 9% of profit before tax in 2023.

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Stocks mentioned in this post: IDCBY