Why you should let data and not market beliefs guide your investment decisions
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In God we trust, everybody else brings data to the table. It was originally framed by renowned statistician Dr. W. Edwards Deming. But in India, it was popularized by Mr. Narayana Murthy, founder of Infosys - indicating that while faith has its place, but in the world of markets and business - data beats noise. There is a popular saying in the West that creates lots of noise when the month of May starts: “Sell in May and go away.” The belief is that stock markets tend to underperform from May to October and do better from November to April. Since this is an age old adage nobody questions it. But does it hold true today? Let’s dive deep into data and figure out. ETMarkets.com From the above data, it’s evident that despite the second half of the year being packed with major festivals and events, the six-month period from November to April delivered modest average returns of just 4%, with only 6 out of 10 years ending in the green. Live ...