Red Hat Backtesting

Red Hat Inc -- USA Stock  

USD 125.29  1.49  1.2%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Red Hat Inc and determine expected loss or profit from investing in Red Hat over given investment horizon. Additionally take a look at Red Hat Hype Analysis, Red Hat Correlation, Red Hat Valuation, Red Hat Volatility as well as analyze Red Hat Alpha and Beta and Red Hat Performance
Investment Horizon     30 Days    Login   to change
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Red Hat 'What if' Analysis

November 11, 2017
0.00
No Change 0.00  0.0%
In 30 days
December 11, 2017
0.00
If you would invest  0.00  in Red Hat on November 11, 2017 and sell it all today you would earn a total of 0.00 from holding Red Hat Inc or generate 0.0% return on investment in Red Hat over 30 days. Red Hat is related to or competes with Fiserv, Amdocs Limited, Intuit, Kingtone Wirelessinfo, and ManTech International. It offers infrastructurerelated solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on h...

Red Hat Upside/Downside Indicators

  

Red Hat Market Premium Indicators

Red Hat Inc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Red Hat regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Red Hat Inc Backtested Returns

We consider Red Hat not too risky. Red Hat Inc maintains Sharpe Ratio (i.e. Efficiency) of 0.0406 which implies Red Hat Inc had 0.0406% of return per unit of risk over the last 1 month. Our philosophy towards forecasting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Red Hat Inc which you can use to evaluate future volatility of the company. Please check Red Hat Inc Coefficient Of Variation of 2537.66, Semi Deviation of 1.91 and Risk Adjusted Performance of 0.027 to confirm if risk estimate we provide are consistent with the epected return of 0.0686%. Red Hat has performance score of 2 on a scale of 0 to 100. The organization holds Beta of 1.0021 which implies Red Hat returns are very sensitive to returns on the market. as market goes up or down, Red Hat is expected to follow.. Although it is extremely important to respect Red Hat Inc current trending patterns, it is better to be realistic regarding the information on equity existing price patterns. The philosophy towards forecasting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Red Hat Inc technical indicators you can presently evaluate if the expected return of 0.0686% will be sustainable into the future. Red Hat Inc right now holds a risk of 1.6898%. Please check Red Hat Inc Semi Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Semi Variance to decide if Red Hat Inc will be following its historical price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.6) 

Good reverse predictability

Red Hat Inc has good reverse predictability. Overlapping area represents the amount of predictability between Red Hat time series from November 11, 2017 to November 26, 2017 and November 26, 2017 to December 11, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Red Hat Inc price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Red Hat price fluctuation can be explain by its past prices. Given that Red Hat Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Red Hat for similar time interval.
Correlation Coefficient -0.6
Spearman Rank Test -0.6
Price Variance 8.01
Lagged Price Variance 2.83

Red Hat Lagged Returns

 Regressed Prices 
      Timeline 

Red Hat Performance vs DOW

The median price of Red Hat for the period between Sat, Nov 11, 2017 and Mon, Dec 11, 2017 is 125.26 with a coefficient of variation of 1.92. The daily time series for the period is distributed with a sample standard deviation of 2.41, arithmetic mean of 125.14, and mean deviation of 1.93. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
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