Equity Clock

Arithmetic Average Seasonal Chart

Geometric Average Seasonal Chart

RNW.TO Relative to the S&P 500

RNW.TO 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 TransAlta Renewables Inc. (TSE:RNW.TO) seasonal charts above shows that a Buy Date of December 15 and a Sell Date of April 6 has resulted in a geometric average return of 10.27% above the benchmark rate of the S&P 500 Total Return Index over the past 9 years. This seasonal timeframe has shown positive results compared to the benchmark in 8 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 9 years by an average of 13.79% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Utilities sector, which runs from July 23 to October 3. The seasonal chart for the broad sector is available via the following link: Utilities Sector Seasonal Chart.

A word of caution: Only 9 years of data is available for shares of RNW.TO, 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.

TransAlta Renewables Inc is an electric utility company that owns and operates energy generation and transmission facilities. The operating business segments are Canadian Wind, Canadian Hydro, US Wind and Solar, Canadian Gas, US Gas, and Australian Gas. The company also has wind and solar facilities in Wyoming and Minnesota as well as the South Hedland Power Station and the Fortescue River Gas pipeline in Australia.

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Stocks mentioned in this post: RNW.TO