Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

AZREF Relative to the S&P 500

AZREF Relative to the Sector

Seasonal Chart Analysis

Analysis of the Azure Power Global Ltd. (NYSE:AZREF) seasonal charts above shows that a Buy Date of August 30 and a Sell Date of November 20 has resulted in a geometric average return of 20.01% 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 70.02% per year.

The seasonal timeframe is Inline 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 8 years of data is available for shares of AZREF, 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?Indian central and state government utilities and commercial entities. Out of total operational capacity, approximately 90% of the company’s plants are in high irradiation zones like Rajasthan, Gujarat, Maharashtra, and Andhra Pradesh. The Company has a single operating and reporting segment: Sale of power.

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Stocks mentioned in this post: AZREF