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Seasonal Start
Economic Data
Companhia Energetica de Minas Gerais (Cemig) (NYSE:CIG) Seasonal Chart
Seasonal Chart Analysis
Analysis of the Companhia Energetica de Minas Gerais (Cemig) (NYSE:CIG) seasonal charts above shows that a Buy Date of December 5 and a Sell Date of April 21 has resulted in a geometric average return of 9.27% above the benchmark rate of the S&P 500 Total Return Index over the past 20 years. This seasonal timeframe has shown positive results compared to the benchmark in 16 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 20 years by an average of 6.72% 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.
Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company’s revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.
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Stocks mentioned in this post: CIG
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