Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

SHLE.TO Relative to the S&P 500

SHLE.TO 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 Source Energy Services Ltd. (TSE:SHLE.TO) seasonal charts above shows that a Buy Date of December 2 and a Sell Date of February 20 has resulted in a geometric average return of 15.11% 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 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 8 years by an average of 46.71% per year.

The seasonal timeframe correlates Poorly 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 8 years of data is available for shares of SHLE.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.

Source Energy Services Ltd. engages in the production and distribution of frac sand, bulk oil and gas. Its services include sand resources; mining and processing, rail load out, fleet terminal network, and Sahara well site solutions. The company was founded on February 7, 2017 and is headquartered in Calgary, Canada.

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Stocks mentioned in this post: SHLE.TO