Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

OPTT Relative to the S&P 500

OPTT 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 Ocean Power Technologies Inc. (NYSE:OPTT) seasonal charts above shows that a Buy Date of July 8 and a Sell Date of October 18 has resulted in a geometric average return of 6.32% above the benchmark rate of the S&P 500 Total Return Index over the past 15 years. This seasonal timeframe has shown positive results compared to the benchmark in 9 of those periods. This is a fair rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 15 years by an average of 106.32% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Industrials sector, which runs from October 29 to May 10. The seasonal chart for the broad sector is available via the following link: Industrials Sector Seasonal Chart.

Ocean Power Technologies Inc is a renewable wave-energy technology company, which is engaged in developing systems that generate electricity by harnessing the renewable energy of ocean waves. It offers the PowerBuoy technology which integrates with hydrodynamics, electronics, energy conversion, and computer control systems to extract the natural energy in ocean waves. Geographically, it derives a majority of revenue from North America and also has a presence in Europe and Asia and Australia.

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Stocks mentioned in this post: OPTT