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North American Energy Partners (TSE:NOA) Seasonal Chart

North American Energy Partners (TSE:NOA) Seasonality

NOA.TO Relative to the S&P 500
NOA.TO Relative to the S&P 500

NOA.TO Relative to the Sector
NOA.TO Relative to the Sector

Monthly Seasonal North American Energy Partners (TSE:NOA)

Seasonal Chart Analysis

Analysis of the North American Energy Partners (TSE:NOA) seasonal charts above shows that a Buy Date of December 22 and a Sell Date of March 28 has resulted in a geometric average return of 13.55% above the benchmark rate of the S&P 500 Total Return Index over the past 9 years. This seasonal timeframe has shown positive results compared to the benchmark in 8 of those periods. This is a very good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 9 years by an average of 29.52% per year.

The seasonal timeframe is Inline with the period of seasonal strength for the Energy sector, which runs from January 21 to May 9. The seasonal chart for the broad sector is available via the following link: Energy Sector Seasonal Chart.

A word of caution: Only 9 years of data is available for shares of NOA.TO, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

North American Energy Partners Inc provides mining and heavy construction services to customers in the resource development and
industrial construction sectors, within Western Canada.

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