Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

BL Relative to the S&P 500

BL Relative to the Sector

% of Revenue Generated in Each Quarter

% of Free Cash Flow Generated in Each Quarter

% of Net Income Generated in Each Quarter

Seasonal Chart Analysis

Analysis of the BlackLine, Inc. (NASD:BL) seasonal charts above shows that a Buy Date of October 27 and a Sell Date of March 4 has resulted in a geometric average return of 9.31% above the benchmark rate of the S&P 500 Total Return Index over the past 8 years. This seasonal timeframe has shown positive results compared to the benchmark in 7 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 8 years by an average of 13.11% per year.

The seasonal timeframe correlates Very Well with the period of seasonal strength for the Technology sector, which runs from October 9 to February 15. The seasonal chart for the broad sector is available via the following link: Technology Sector Seasonal Chart.

A word of caution: Only 8 years of data is available for shares of BL, 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.

BlackLine Inc is engaged in providing financial accounting close solutions delivered?as Software as a Service (SaaS). The Company’s solutions enable its customers to address various aspects of their financial close process including account reconciliations, variance analysis of account balances, journal entry capabilities, and certain types of data matching capabilities. The majority of the revenue of the company is earned in the United States.

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Stocks mentioned in this post: BL