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CNX Midstream Partners LP (NYSE:CNXM) Seasonal Chart

Seasonal Chart Analysis

Analysis of the CNX Midstream Partners LP (NYSE:CNXM) seasonal charts above shows that a Buy Date of September 29 and a Sell Date of December 26 has resulted in a geometric average return of 7.05% 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 5 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 5 years by an average of 19.01% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Energy sector, which runs from January 21 to May 9. The seasonal chart for the broad sector is available via the following link: Energy Sector Seasonal Chart.

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

CNX Midstream Partners LP is a US-based limited partnership which is established to own, operate, develop and acquire natural gas gathering and other midstream energy assets. The company’s assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation, and stabilization facilities. CONE operates through three segments i.e. Anchor Systems, Growth Systems, and Additional Systems. The Anchor Systems includes three primary midstream systems i.e. the McQuay System, the Majorsville System, and the Mamont System. Its Growth Systems is located in the dry gas regions. The Additional Systems include several gathering systems which are located in the wet gas regions. It generates maximum revenue from Anchor Systems.

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