Red Hat Backtesting

RHT -- USA Stock  

USD 142.71  0.45  0.31%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Red Hat 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.
Horizon     30 Days    Login   to change

Red Hat 'What if' Analysis

August 22, 2018
No Change 0.00  0.0%
In 31 days
September 21, 2018
If you would invest  0.00  in Red Hat on August 22, 2018 and sell it all today you would earn a total of 0.00 from holding Red Hat or generate 0.0% return on investment in Red Hat over 30 days. Red Hat is related to or competes with Synopsys, Splunk, Symantec, 21Vianet, VeriSign, and Workday. Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management,...

Red Hat Upside/Downside Indicators

Downside Deviation2.26
Information Ratio0.0041
Maximum Drawdown6.07
Value At Risk3.32
Potential Upside2.24

Red Hat Market Premium Indicators

Risk Adjusted Performance0.0333
Jensen Alpha0.2292
Total Risk Alpha0.29
Sortino Ratio0.0031
Treynor Ratio0.07

Red Hat Backtested Returns

We consider Red Hat not too risky. Red Hat maintains Sharpe Ratio (i.e. Efficiency) of 0.0675 which implies Red Hat had 0.0675% 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 stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Red Hat which you can use to evaluate future volatility of the company. Please check Red Hat Coefficient Of Variation of 1540.39, Semi Deviation of 2.08 and Risk Adjusted Performance of 0.0333 to confirm if risk estimate we provide are consistent with the epected return of 0.1157%. Red Hat has performance score of 4 on a scale of 0 to 100. The organization holds Beta of -1.406 which implies as returns on market increase, returns on owning Red Hat are expected to decrease by larger amounts. On the other hand, during market turmoil, Red Hat is expected to significantly outperform it.. Although it is extremely important to respect Red Hat 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 technical indicators you can presently evaluate if the expected return of 0.1157% will be sustainable into the future. Red Hat right now holds a risk of 1.713%. Please check Red Hat Semi Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Semi Variance to decide if Red Hat will be following its historical price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.50) 

Modest reverse predictability

Red Hat has modest reverse predictability. Overlapping area represents the amount of predictability between Red Hat time series from August 22, 2018 to September 6, 2018 and September 6, 2018 to September 21, 2018. 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 price movement. The serial correlation of -0.5 indicates that about 50.0% of current Red Hat price fluctuation can be explain by its past prices. Given that Red Hat 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-0.5
Spearman Rank Test-0.7
Residual Average0.0
Price Variance9.74

Red Hat lagged returns against current returns

 Current and Lagged Values 

Red Hat regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Red Hat Lagged Returns

 Regressed Prices 

Current Sentiment - RHT

Red Hat Investor Sentiment

Greater number of Macroaxis users are at this time bullish on Red Hat. What is your perspective on investing in Red Hat? Are you bullish or bearish?
98% Bullish
2% Bearish
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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. Please also try Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.