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Novo Resources Corp. (TSXV:NVO.V) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Novo Resources Corp. (TSXV:NVO.V) seasonal charts above shows that a Buy Date of July 10 and a Sell Date of September 30 has resulted in a geometric average return of 41.42% 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 5 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 7 years by an average of 29.9% 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 NVO.V, 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.

Novo Resources Corp is a Canada based company engaged in the business of evaluating, acquiring and exploring natural resource properties. It primarily focuses on the exploration of gold properties. The organization has business interests in the properties located in Australia, Canada and the USA. Its projects include Beatons Creek Property, Talga Projects, Blue Spec Project, Paleo-Placer Property, Comet Well Property and others. The corporation derives revenue principally from the sales of gold.

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