Score 9.5 (out of 10): SONY ADR poised to seasonally rally by +4.6% during the month of November

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What’s Going On Here?

The Japanese Yen has been among the weakest currencies this year. Exporters tend to benefit from a weak exchange rate as their products become cheaper for overseas buyers. Sony, as a large exporter, could disproportionally benefit.

Why Now?

SONY GROUP – SP ADR indicates an interesting seasonal (monthly for November) set up. During similar occasions, SONY GROUP – SP ADR shares had a median return of +4.6%, over the following 1 month – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for SONY GROUP – SP ADR received a high score of 9.5 (out of 10). This insight was generated with last price of 67.32.

What’s This Asset About?

SONY GROUP – SP ADR is in the Audio/Video Products sector. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: 6758 JP.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 70.4 (+4.6%) has been reached. Based on SONY GROUP – SP ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 64.92 (last price at 67.32), which is equivalent to a -3.6% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ under (2), etc.

Previous episodes:

2% (November-2021), 4.6% (November-2020), 4.8% (November-2019), 7.5% (November-2018), 6.3% (November-2017), 2.3% (November-2016), 6.9% (November-2015), 2.2% (November-2014), 1.6% (November-2013)

Historical Chart:

Summary:

NameSony
ViewUp
Star (1 to 10)9.5
Target+4.6%
Time1 month
Hit Rate100%

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