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Seasonal Start
Economic Data
SCWorx Corp. (NASD:WORX) Seasonal Chart
Seasonal Chart Analysis
Analysis of the SCWorx Corp. (NASD:WORX) seasonal charts above shows that a Buy Date of December 29 and a Sell Date of April 15 has resulted in a geometric average return of 7.55% 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 3 of those periods. This is a poor 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 69.79% per year.
The seasonal timeframe correlates Poorly with the period of seasonal strength for the Healthcare sector, which runs from April 25 to December 4. The seasonal chart for the broad sector is available via the following link: Healthcare Sector Seasonal Chart.
A word of caution: Only 6 years of data is available for shares of WORX, 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.
SCWorx Corp is a provider of data content and services related to the repair, normalization, and interoperability of information for healthcare providers, as well as big data analytics for the healthcare industry. Its software enables a healthcare provider to simplify and organize its data, allows the data to be utilized across multiple internal software applications and provides the basis for sophisticated data analytics.
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Stocks mentioned in this post: WORX
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