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Seasonal Start
Economic Data
Enviva Inc. (NYSE:EVA) Seasonal Chart
Seasonal Chart Analysis
Analysis of the Enviva Inc. (NYSE:EVA) seasonal charts above shows that a Buy Date of December 29 and a Sell Date of May 24 has resulted in a geometric average return of 13.49% 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 7 of those periods. This is an excellent rate of success and the return slightly outperforms the relative buy-and-hold performance of the stock over the past 7 years by an average of 0.71% per year.
The seasonal timeframe correlates Fairly Well with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.
A word of caution: Only 7 years of data is available for shares of EVA, 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.
Enviva Inc is a global energy company specializing in sustainable wood bioenergy. It is a producer of sustainable wood pellets, which provide a low-carbon alternative to fossil fuels. Enviva owns and operates approx. ten plants in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi. Its customers are present in the United Kingdom, the European Union, and Japan. Enviva exports its wood pellets to global markets through its deep-water marine terminals.
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Stocks mentioned in this post: EVA
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