March & April are Unusually Kind to Australian Banks

Probability Trader

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)

Probability Trader
Probability Trader
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