Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

NRDE Relative to the S&P 500

Seasonal Chart Analysis

Analysis of the Nu Ride Inc. (OTCMKT:NRDE) seasonal charts above shows that a Buy Date of July 3 and a Sell Date of September 21 has resulted in a geometric average return of 35.21% above the benchmark rate of the S&P 500 Total Return Index over the past 5 years. This seasonal timeframe has shown positive results compared to the benchmark in 4 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 5 years by an average of 101.28% per year.

A word of caution: Only 5 years of data is available for shares of NRDE, 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.

Nu Ride Inc formerly Lordstown Motors Corp is an electric vehicle innovator developing high-quality light duty commercial fleet vehicles, with the Endurance all electric pick-up truck as its first vehicle being launched in the Lordstown, Ohio facility. The Company is in its final design and testing phase related to their production of the Endurance and has yet to bring a completed product to market.

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Stocks mentioned in this post: NRDE