Sell in May - An Australian Perspective
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)
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