Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

ESTC Relative to the S&P 500

ESTC Relative to the Sector

% of Revenue Generated in Each Quarter

% of Free Cash Flow Generated in Each Quarter

% of Net Income Generated in Each Quarter

Seasonal Chart Analysis

Analysis of the Elastic NV (NYSE:ESTC) seasonal charts above shows that a Buy Date of April 5 and a Sell Date of July 20 has resulted in a geometric average return of 12.41% 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 25.33% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Technology sector, which runs from October 9 to February 15. The seasonal chart for the broad sector is available via the following link: Technology Sector Seasonal Chart.

A word of caution: Only 7 years of data is available for shares of ESTC, 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.

Elastic NV is a data analytics company, which engages in the provision of open-source search and analytics engine services. It operates through the United States, the Netherlands, United Kingdom, India, and Rest of World geographical segments. The company was founded by Shay Banon, Uri Boness, Steven Schuurman, and Simon Willnauer on February 9, 2012 and is headquartered in San Francisco, CA.

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Stocks mentioned in this post: ESTC