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Caesars Entertainment Corp. (NASD:CZR) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Caesars Entertainment Corp. (NASD:CZR) seasonal charts above shows that a Buy Date of November 18 and a Sell Date of February 20 has resulted in a geometric average return of 13.6% above the benchmark rate of the S&P 500 Total Return Index over the past 7 years. This seasonal timeframe has shown positive results compared to the benchmark in 6 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 7 years by an average of 18.06% 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 7 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 was founded in 1937 and today operates 49 casino properties in 13 U.S. states and five countries (with a sixth noncasino resort in Dubai), primarily under the Caesars, Harrah’s, and Horseshoe brands (while also operating the Flamingo, Paris, Rio, and Planet Hollywood in Las Vegas). Between January 2015 and October 2017, Caesars Entertainment went through a reorganization under bankruptcy. Today, Caesars’ three main segments are Las Vegas (58% of estimated 2019 EBITDAR) and Other U.S. (45%), with the remainder from managed, license, and joint venture properties. In June 2019, Eldorado proposed an acquisition of Caesars (scheduled to close in the first half of 2020).

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