Sell in May - An Australian Perspective

Probability Trader

www.probabilitytrader.com

Sell in May - An Australian Perspective. We note that from a statistical standpoint the Sell in May market anomaly does not pass muster with regard to Australian equities. Since 1950, the All Ordinaries Index has provided average gains of 2.17% for the 6-month interval starting in May & ending in October. For all other rolling 6-month periods the average return is 4.18%. The mean difference of 2.17% versus 4.18% falls short of the conventional p < 5% hurdle, & therefore in a practical sense, has limited predictive ability. Interestingly, over the past 10 years, the return data for the Sell in May interval is very much consistent with random. Full data analysis & tables can be viewed at (VIEW LINK)


Probability Trader
Quantitative Research Analyst
www.probabilitytrader.com

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...

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