CBA - More April Sun in Cuba

www.probabilitytrader.com
CBA - More April Sun in Cuba. In a recent note we observed that since the 45-day holding rule was introduced in 1997 (in an effort to prevent the trading of franking credits), the months of March, April, & October have been kind to the price performance of the Australian Banking Sector. We posit that a good part of this March & April upward bias has something to do with an optimistic outlook with regard to the forthcoming reporting season & the fully franked dividends that the banks (ANZ, NAB, & WBC) provide in May & June. Interestingly, even though it is post earnings release & ex-dividend, CBA has a tendency to go along for the ride & build steam during April. Since 1992, CBA has an average gain of 4.26% for the month of April, with a 20 from 22 win rate. Full data analysis & tables at (VIEW LINK)

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

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