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Teekay Tankers Ltd. (NYSE:TNK) Seasonal Chart

Teekay Tankers Ltd. (NYSE:TNK) Seasonality

TNK Relative to the S&P 500
TNK Relative to the S&P 500

TNK Relative to the Sector
TNK Relative to the Sector

Monthly Seasonal Teekay Tankers Ltd. (NYSE:TNK)

Seasonal Chart Analysis

Analysis of the Teekay Tankers Ltd. (NYSE:TNK) seasonal charts above shows that a Buy Date of November 22 and a Sell Date of March 31 has resulted in a geometric average return of 6.78% 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 6 of those periods. This is a 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 32.85% per year.

The seasonal timeframe correlates Fairly Well with the period of seasonal strength for the Industrials sector, which runs from October 29 to May 10. The seasonal chart for the broad sector is available via the following link: Industrials Sector Seasonal Chart.

A word of caution: Only 9 years of data is available for shares of TNK, 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.

Teekay Tankers Ltd is engaged in the shipping industry. Its business entails employment of oil tankers for the purpose of transportation.

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