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NOW Inc. (NYSE:DNOW) Seasonal Chart

Seasonal Chart Analysis

Analysis of the NOW Inc. (NYSE:DNOW) seasonal charts above shows that a Buy Date of February 10 and a Sell Date of May 12 has resulted in a geometric average return of 5.66% 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 4 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 5 years by an average of 29.92% per year.

The seasonal timeframe correlates Very Well 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 DNOW, 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.

NOW Incorp is an independent global distributor of oil and gas equipment and services. The company operates through three geographical segments namely the United States, Canada, and International. Geographically, it generates maximum revenue from the United States. Global product and service offerings include maintenance, repair and operating supplies, pipes, valves, safety supplies, and other parts to support customers. NOW’s products attract customers from upstream drilling and completion, exploration and production, and midstream infrastructure development to downstream refining.

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