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Salona Global Medical Device Corp. (TSXV:SGMD.V) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Salona Global Medical Device Corp. (TSXV:SGMD.V) seasonal charts above shows that a Buy Date of August 24 and a Sell Date of January 3 has resulted in a geometric average return of 7.68% 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, but the return underperforms the relative buy-and-hold performance of the stock over the past 7 years by an average of 10.66% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Healthcare sector, which runs from April 25 to December 4. The seasonal chart for the broad sector is available via the following link: Healthcare Sector Seasonal Chart.

A word of caution: Only 7 years of data is available for shares of SGMD.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.

Salona Global Medical Device Corp is a US based, acquisition-focused medical device company. SGMD plans to continue to acquire small, private medical device companies and expand their revenues globally post acquisition. SGMD has a solid balance sheet, deep acquisition pipeline and a team (former DJO & PHM) with a strong track record of both inorganic growth through acquisitions and organic growth through development of global sales, economies of scope, and economies of scale.

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