March & April are Unusually Kind to Australian Banks
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March & April are Unusually Kind to Australian Banks. We note that since the 45-day holding rule was introduced in Australia in 1997 (in an effort to prevent the trading of franking credits), the months of March & April, have been unusually kind to the price performance of the Australian Banking Sector, providing an average 2 month return of 5.73% (win rate 81.25%). Since 1998, each of the 4 major banks deliver an average return for March & April of over 5%. Not bad for a 2 month period. The win rate is evenly split with each bank producing 14 wins & 2 losses. This 2 month win rate is approximately 25% higher for each of the banks in our sample than would be expected by random chance alone. Full data analysis & tables can be viewed 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