Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

NRDE Relative to the S&P 500

Seasonal Chart Analysis

Analysis of the Nu Ride Inc. (OTCMKT:NRDE) seasonal charts above shows that a Buy Date of July 3 and a Sell Date of September 21 has resulted in a geometric average return of 38.03% above the benchmark rate of the S&P 500 Total Return Index over the past 6 years. This seasonal timeframe has shown positive results compared to the benchmark in 5 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 6 years by an average of 97.86% per year.

A word of caution: Only 6 years of data is available for shares of NRDE, 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.

Nu Ride, Inc. is an automotive company, which engages in the design and manufacture of light duty electric trucks targeted for sale to fleet customers. The firm develops its flagship vehicle, the Endurance, an electric full-size pickup truck. The company was founded on November 13, 2018 and is headquartered in New York, NY.

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Stocks mentioned in this post: NRDE