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Seasonal Start
Economic Data
Renovare Environmental, Inc. (OTCMKT:RENO) Seasonal Chart
Seasonal Chart Analysis
Analysis of the Renovare Environmental, Inc. (OTCMKT:RENO) seasonal charts above shows that a Buy Date of December 29 and a Sell Date of April 3 has resulted in a geometric average return of 11.93% 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 6 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 7 years by an average of 111.93% per year.
The seasonal timeframe is Inline 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.
A word of caution: Only 7 years of data is available for shares of RENO, 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.
Renovare Environmental Inc, formerly BioHiTech Global Inc is a technology services company focused on providing cost-effective solutions that improve environmental outcomes. Its technologies for waste management include the patented processing of municipal solid waste into a valuable renewable fuel, biological disposal of food waste on-site, and proprietary real-time data analytics tools to reduce food waste generation. When used individually or in combination, the solution lowers the carbon footprint associated with waste transportation and can reduce or virtually eliminate landfill usage.
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Stocks mentioned in this post: RENO
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