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Caesars Entertainment, Inc. (NASD:CZR) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Caesars Entertainment, Inc. (NASD:CZR) seasonal charts above shows that a Buy Date of March 18 and a Sell Date of June 8 has resulted in a geometric average return of 57.95% 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 6 of those periods. This is an excellent 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 13.71% per year.

The seasonal timeframe is Inline with the period of seasonal strength for the Consumer Discretionary sector, which runs from October 17 to April 12. The seasonal chart for the broad sector is available via the following link: Consumer Discretionary Sector Seasonal Chart.

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

Caesars Entertainment Includes 53 domestic gaming properties (before Indiana property divestures planned for late 2020/early 2021) across Las Vegas (45% of 2021 estimated EBITDAR, before synergies) and regional (55%) markets. Additionally, the company hosts 13 international properties, which generate near breakeven EBITDAR. Caesars’ U.S. presence roughly doubled with the 2020 completed acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars’ brands include Caesars, Harrah’s, Tropicana, Bally’s, Isle, and Flamingo. Also, the company partners with William Hill to provide sports betting.

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