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MTN Group Ltd. (OTCMKT:MTNOY) Seasonal Chart

MTN Group Ltd. (OTCMKT:MTNOY) Seasonality

MTNOY Relative to the S&P 500
MTNOY Relative to the S&P 500

MTNOY Relative to the Sector
MTNOY Relative to the Sector

Monthly Seasonal MTN Group Ltd. (OTCMKT:MTNOY)

Seasonal Chart Analysis

Analysis of the MTN Group Ltd. (OTCMKT:MTNOY) seasonal charts above shows that a Buy Date of May 30 and a Sell Date of August 19 has resulted in a geometric average return of 4.67% above the benchmark rate of the S&P 500 Total Return Index over the past 9 years. This seasonal timeframe has shown positive results compared to the benchmark in 8 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 9 years by an average of 16.7% per year.

The seasonal timeframe correlates Poorly 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.

A word of caution: Only 9 years of data is available for shares of MTNOY, 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.

MTN Group Ltd is a mobile telecommunications provider. Its operations are carried out in South Africa, Nigeria, Ghana, Cameroon, Ivory Coast, Uganda, Syria and Sudan.

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