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Seasonal Analysis of ZCAN (SPDR Solactive Canada ETF)


Seasonal Analysis

Using data from 6/16/2014 to 1/13/2020 for ZCAN (SPDR Solactive Canada ETF), this program was able to calculate the following historical seasonal cycles for this stock:
Historically, the best month to buy ZCAN is January
Historically, the best month to sell ZCAN is December

In January, ZCAN is historically down by -6.47%
In February, ZCAN is historically down by -5.53%
In March, ZCAN is historically down by -1.71%
In April, ZCAN is historically down by -0.06%
In May, ZCAN is historically up by 2.30%
In June, ZCAN is historically up by 1.59%
In July, ZCAN is historically down by -0.02%
In August, ZCAN is historically up by 0.53%
In September, ZCAN is historically up by 1.77%
In October, ZCAN is historically up by 0.48%
In November, ZCAN is historically up by 2.86%
In December, ZCAN is historically up by 4.26%

Right click on the graph above to see the menu of operations (download, full screen, etc.)

See Also: Fourier Analysis of ZCAN
 
 
General Statistics
Number of Data Points290
Start Date of Data6/16/2014
End Date of Data1/13/2020
Minimum Value of Adjusted Close36.16
Maximum Value of Adjusted Close62.73
Average Value of Adjusted Close51.86
Median Value of Adjusted Close52.00
Standard Deviation of Adjusted Close5.40
Coefficient of Variation for Adjusted Close 10.41%
  Notes: "Adjusted Close" means closing price was adjusted for splits and dividends; Weekly (not daily) Adjusted close price was used for calculations; 
The average ("mean") and median are measures of central tendency.

For the given time period, the price of ZCAN tends towards a value in the vicinity of 51.86 (the mean) and 52.00 (the median).

Standard Deviation and Coefficient Of Variation are measures of dispersion. These can be used to measure the volatility (risk) of a security, and also to estimate the expected ranges of the price.

Assuming a normal distribution, we expect to see 68% of values within one Standard Deviation of the mean (average), 95% of the values within two standard deviations of the mean, and 99% of the values within three standard deviations of the mean.

If the price of ZCAN goes above 57.26 (mean + 1 standard deviation) or below 46.46 (mean - 1 standard deviation), then the reader is urged to investigate further for a possible buying or selling opportunity.

If the price of ZCAN goes above 62.66 (mean + 2 standard deviations) or below 41.06 (mean - 2 standard deviations), then the reader is urged to investigate further as this would be an unusual event.



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