Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

AZRE Relative to the S&P 500

AZRE 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 Azure Power Global Ltd. (NYSE:AZRE) seasonal charts above shows that a Buy Date of December 27 and a Sell Date of April 3 has resulted in a geometric average return of 8.89% above the benchmark rate of the S&P 500 Total Return Index over the past 6 years. This seasonal timeframe has shown positive results compared to the benchmark in 5 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 6 years by an average of 37.36% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Utilities sector, which runs from July 23 to October 3. The seasonal chart for the broad sector is available via the following link: Utilities Sector Seasonal Chart.

A word of caution: Only 6 years of data is available for shares of AZRE, 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.

Azure Power Global Ltd produces and sells solar power in India. It is engaged in the development, construction, ownership, operation, maintenance, and management of solar power plants and the generation of solar energy. The company generates revenue from a mix of leading Indian central and state government utilities and commercial entities.

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Stocks mentioned in this post: AZRE