Is Adidas a great buy now?
Adidas is a German sportswear company and it tends to have a very strong time of the year between March 12 and April 27. The average return over the last 22 years has been an impressive +10.09%. The largest profit was in 2000 with a gain of +11.31% and the maximal gain during that period was a very large +39.03%. There have only been losses in 2 of those 22 years during that period.
Is now a great time to buy in anticipation of March gains on global recovery hopes on vaccine optimism? Or is it best to wait until mid-March for buyers?
- The main risk to this trade is from any risk off trading on global growth weakness.
- Any sharp rise in COVID-19 cases in Europe will invalidate this outlook.