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Nemaska Lithium (TSE:NMX) Seasonal Chart

Nemaska Lithium (TSE:NMX) Seasonality

NMX.TO Relative to the S&P 500
NMX.TO Relative to the S&P 500

NMX.TO Relative to the Sector
NMX.TO Relative to the Sector

Monthly Seasonal Nemaska Lithium (TSE:NMX)

Seasonal Chart Analysis

Analysis of the Nemaska Lithium (TSE:NMX) seasonal charts above shows that a Buy Date of July 18 and a Sell Date of October 9 has resulted in a geometric average return of 24.38% above the benchmark rate of the S&P 500 Total Return Index over the past 7 years. This seasonal timeframe has shown positive results compared to the benchmark in 7 of those periods. This is an excellent rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 7 years by an average of 16.57% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

A word of caution: Only 7 years of data is available for shares of NMX.TO, 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.

Nemaska Lithium Inc is an exploration stage lithium mining company in Quebec, Canada. It supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets and other consumer products.

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