Is Adidas a Great Stock to Buy at the End of Q1?
Is Adidas a Great Stock to Buy at the End of Q1?
How to choose a great time for a seasonal trade in Adidas, the world-famous sportswear company? Using the Seasonax tool, we can identify its seasonal patterns over a period of time.
Over the last 10 years from January 6 to January 19, Adidas has gained 90% of the time and an average return has been nearly 5%.
Major Trade Risks:
- * If interest rates are seen to be rising too fast, that could cause a broad sell-off in stocks in the near term
- * Any bad news for Adidas could also weaken the stock around this time.
HYCM clients can access the Seasonax product in order to analyse over 25,000 currency pairs, indices, commodities, as well as individual stocks. Please contact your account manager for a free trial. Certain products & services mentioned herein may or may not be available to all clients depending on which HYCM Capital Markets Group entity their trading account(s) adheres to.
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