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Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

NGMD.V Relative to the S&P 500

Seasonal Chart Analysis

Analysis of the NuGen Medical Devices Inc. (TSXV:NGMD.V) seasonal charts above shows that a Buy Date of January 24 and a Sell Date of April 15 has resulted in a geometric average return of 62.14% 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 and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 5 years by an average of 95.9% per year.

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

Nugen Medical Devices, Inc. engages in the development of needle-free devices to administer therapeutics subcutaneously. Its products include InsuJet and PetJet needle-free injection systems. The company was founded on September 5, 2017 and is headquartered in Toronto, Canada.

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Stocks mentioned in this post: NGMD.V