April is historically a Very Good Month for Australian Banks - The Anti Deep Purple Effect

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April is historically a Very Good Month for Australian Banks - The Anti Deep Purple Effect. In 1969, the English rock band, Deep Purple, released their 3rd Album. The last recording on this album was a song called April. The band wrote in the liner notes, As a whole we hope April hangs together as a personal evocation of a beautiful, but sad month (to us). The good news for Australian Bank investors is that April doesn't evoke such sadness. Since 1993, the Australian Bank Index (J4010) has only 2 negative returns for the month of April. The average return for April of 3.16% versus the average return for all Non-April monthly intervals of 0.81%, is statistically significant at the 1% level. In terms of return skew (past 21 years), April has delivered 11 returns > 3% versus only 1 return south of -3%. Full analysis & tables at (VIEW LINK)
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Probabilitytrader is an independent financial research group that provides objective analysis for traders of Global Stock Market Index CFDs, ETFs, Futures, and Options. Our forward looking analysis covers timeframes as short as 1-day to as long as...
Expertise
No areas of expertise