Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

ICVT Relative to the S&P 500

Seasonal Chart Analysis

Analysis of the iShares Convertible Bond ETF (AMEX:ICVT) seasonal charts above shows that a Buy Date of February 19 and a Sell Date of June 26 has resulted in a geometric average return of 4.13% above the benchmark rate of the S&P 500 Total Return Index over the past 5 years. This seasonal timeframe has shown positive results compared to the benchmark in 4 of those periods. This is a very good rate of success, but the return underperforms the relative buy-and-hold performance of the stock over the past 5 years by an average of 0.89% per year.

A word of caution: Only 5 years of data is available for shares of ICVT, 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.

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Stocks mentioned in this post: ICVT