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Universal mCloud Corp. (TSXV:MCLD.V) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Universal mCloud Corp. (TSXV:MCLD.V) seasonal charts above shows that a Buy Date of November 8 and a Sell Date of March 4 has resulted in a geometric average return of 5.87% 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 26.65% per year.

The seasonal timeframe correlates Fairly Well with the period of seasonal strength for the Technology sector, which runs from October 9 to February 15. The seasonal chart for the broad sector is available via the following link: Technology Sector Seasonal Chart.

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

mCloud Technologies Corp is a Canadian based software company. Through mCloud’s AI-powered AssetCare platform, mCloud offers asset management solutions to three segments namely smart facilities, power generation, and process industries including oil and gas. IoT sensors bring data from connected assets into the cloud, where AI and analytics are applied. mCloud includes an ecosystem of operating subsidiaries that deliver high-performance IoT, AI, 3D, and mobile capabilities to customers, all integrated into AssetCare.

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