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Woori Finance Holdings Co. Ltd. (NYSE:WF) Seasonal Chart

WF Relative to the S&P 500
WF Relative to the S&P 500

WF Relative to the Sector
WF Relative to the Sector

Monthly Seasonal Woori Finance Holdings Co. Ltd. (NYSE:WF)

Seasonal Chart Analysis

Analysis of the Woori Finance Holdings Co. Ltd. (NYSE:WF) seasonal charts above shows that a Buy Date of November 27 and a Sell Date of April 24 has resulted in a geometric average return of 9.32% above the benchmark rate of the S&P 500 Total Return Index over the past 16 years. This seasonal timeframe has shown positive results compared to the benchmark in 12 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 16 years by an average of 14.55% per year.

The seasonal timeframe correlates Strongly with the period of seasonal strength for the Financial sector, which runs from November 22 to April 13. The seasonal chart for the broad sector is available via the following link: Financial Sector Seasonal Chart.

Woori is one of Korea’s four largest commercial banking groups. It was formed in 2001 through the merger of several financially troubled banks affected by the Asian financial crisis and became temporarily 100% government-owned after a bailout. It had been the largest banking group by assets, but is now No. 4 after the government required the sale of a number of subsidiaries in 2014 in an effort to recoup taxpayer money. The government subsequently sold down its stake from 51% to 21% through a bidding process in which seven investors each took several percent and currently owns 17.25% with a plan to completely divest itself of Woori by 2022. Woori returned to a holding-company structure in early 2019, and we expect it may acquire nonbank units to narrow the gap with its three rivals.

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