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Forum Energy Technologies, Inc. (NYSE:FET) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Forum Energy Technologies, Inc. (NYSE:FET) seasonal charts above shows that a Buy Date of March 10 and a Sell Date of June 8 has resulted in a geometric average return of 18.4% above the benchmark rate of the S&P 500 Total Return Index over the past 8 years. This seasonal timeframe has shown positive results compared to the benchmark in 6 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 8 years by an average of 64.06% per year.

The seasonal timeframe is Inline 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 8 years of data is available for shares of FET, 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.

Forum Energy Technologies Inc designs, manufactures, and distributes products and engages in aftermarket services, parts supply, and related operations. Product offerings include drilling rig equipment for new rigs, upgrades, and refurbishment projects; subsea construction and development projects; pressure pumping equipment; and downstream capital projects. Through the drilling and subsea segment, Forum designs and manufactures a slate of different drilling equipment, as well as products and services for well and subsea construction and completion and intervention markets. The production and infrastructure portion of the business provides products and services that cater to well stimulation, production, and infrastructure markets.

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