A new month is here. So it’s time to take a look at some stocks and ETFs that show strong and weak seasonality trends for the month of August. Let’s look at the data tables below and provide some august seasonality stats and insights.
Strong August Seasonality
A couple of items worth noting: Stocks/etfs like Eldorado Gold (EGO) and iShares 20+Year Bond Fund (TLT) have shown strong August seasonality trends over the years. EGO has been higher on 10 out of 11 occurrences, with an average win percentage of 12.73%. TLT has been higher on 10 out of 12 occurrences, with an average win percentage of 4.24%. Data for tables sourced from paststat.com.
Weak August Seasonality
Some items to note here: W&T Offshore (WTI) has been lower on 9 out of 9 occurrences, with an average percentage loss of 8.26%. Inter Parfums (IPAR) has shown consistent weak seasonality trends in the month of August. It’s been lower on 20 of 23 occurrences, with an average loss percentage of 8.87%.
The past is not necessarily a predictor of the future, so there should definitely be more due diligence done. This post is simply intended to generate some trading ideas for further vetting for the month of August. Thanks for reading.
Author holds a position in EGO at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.