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Seasonal Start
Economic Data
Mitsubishi Electric Corp. (OTCMKT:MIELY) Seasonal Chart
Seasonal Chart Analysis
Analysis of the Mitsubishi Electric Corp. (OTCMKT:MIELY) seasonal charts above shows that a Buy Date of March 14 and a Sell Date of June 26 has resulted in a geometric average return of 2.19% above the benchmark rate of the S&P 500 Total Return Index over the past 19 years. This seasonal timeframe has shown positive results compared to the benchmark in 13 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 19 years by an average of 5.84% per year.
The seasonal timeframe is Inline with the period of seasonal strength for the Industrials sector, which runs from October 29 to May 10. The seasonal chart for the broad sector is available via the following link: Industrials Sector Seasonal Chart.
Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures, distributes, and sells electrical equipment worldwide. The company’s core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.
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Stocks mentioned in this post: MIELY
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