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Seasonal Analysis of XES (SPDR S&P Oil & Gas Equipment & Services ETF)


Seasonal Analysis

Using data from 6/22/2006 to 7/26/2021 for XES (SPDR S&P Oil & Gas Equipment & Services ETF), this program was able to calculate the following historical seasonal cycles for this stock:
Historically, the best month to buy XES is October
Historically, the best month to sell XES is February

In January, XES is historically down by -0.12%
In February, XES is historically up by 7.21%
In March, XES is historically up by 4.26%
In April, XES is historically up by 2.59%
In May, XES is historically up by 1.33%
In June, XES is historically up by 4.17%
In July, XES is historically up by 3.14%
In August, XES is historically down by -5.44%
In September, XES is historically down by -3.20%
In October, XES is historically down by -7.19%
In November, XES is historically down by -4.55%
In December, XES is historically down by -2.19%

Right click on the graph above to see the menu of operations (download, full screen, etc.)

See Also: Fourier Analysis of XES
 
 
General Statistics
Number of Data Points789
Start Date of Data6/22/2006
End Date of Data7/26/2021
Minimum Value of Adjusted Close21.24
Maximum Value of Adjusted Close440.38
Average Value of Adjusted Close226.49
Median Value of Adjusted Close234.04
Standard Deviation of Adjusted Close108.64
Coefficient of Variation for Adjusted Close 47.96%
  Notes: "Adjusted Close" means closing price was adjusted for splits and dividends; Weekly (not daily) Adjusted close price was used for calculations; 
The average ("mean") and median are measures of central tendency.

For the given time period, the price of XES tends towards a value in the vicinity of 226.49 (the mean) and 234.04 (the median).

Standard Deviation and Coefficient Of Variation are measures of dispersion. These can be used to measure the volatility (risk) of a security, and also to estimate the expected ranges of the price.

Assuming a normal distribution, we expect to see 68% of values within one Standard Deviation of the mean (average), 95% of the values within two standard deviations of the mean, and 99% of the values within three standard deviations of the mean.

If the price of XES goes above 335.13 (mean + 1 standard deviation) or below 117.86 (mean - 1 standard deviation), then the reader is urged to investigate further for a possible buying or selling opportunity.

If the price of XES goes above 443.77 (mean + 2 standard deviations) or below 9.22 (mean - 2 standard deviations), then the reader is urged to investigate further as this would be an unusual event.



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