How to use the Seasonax tool to choose a great time for a seasonal trade in a German company, the world-famous sportswear company called Adidas?
You can look for seasonal opportunities by choosing which date you start. First of all, use the de-trend button to make it easier to recognise true seasonal patterns. Look at what visually looks promising. Let’s look at March 22 – April 20.
We now see that over the last 15 years Adidas has gained 80% of the time and made over 6.85% in returns on average.
Major Trade Risks:
- If interest rates are seen to be rising too fast, that could cause a broad sell-off in stocks in the near term.
- Any bad news for Adidas could also weaken the stock around this time.
HYCM clients can access the Seasonax product in order to analyse over 25,000 currency pairs, indices, commodities, as well as individual stocks. Please contact your account manager for a free trial and get started right away.