Red Hat Backtesting

RHT -- USA Stock  

USD 165.73  23.59  16.60%

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.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Red Hat 'What if' Analysis

May 25, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 24, 2018
0.00
If you would invest  0.00  in Red Hat on May 25, 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 Fiserv, Amdocs, , Kingtone Wirelessinfo, ManTech International, and MIND CTI. Red Hat, Inc. provides open source software solutions to develop and offer operating system, virtualization, management,...

Red Hat Upside/Downside Indicators

Information Ratio0.18
Maximum Drawdown6.57
Value At Risk3.19
Potential Upside1.7
  

Red Hat Market Premium Indicators

Risk Adjusted Performance0.01

Red Hat Backtested Returns

Macroaxis considers Red Hat to be not too risky. Red Hat maintains Sharpe Ratio (i.e. Efficiency) of -0.1926 which implies Red Hat had -0.1926% of return per unit of risk over the last 1 month. Macroaxis philosophy towards forecasting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Red Hat exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check Red Hat Coefficient Of Variation of 566.40 and Risk Adjusted Performance of 0.01 to confirm risk estimate we provide. Macroaxis gives Red Hat performance score of 0 on a scale of 0 to 100. The organization holds Beta of 0.0 which implies the returns on MARKET and Red Hat are completely uncorrelated. Even though it is essential to pay attention to Red Hat current trending patterns, it is always good to be careful when utilizing equity existing price patterns. Macroaxis philosophy towards forecasting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Red Hat exposes twenty-one different technical indicators which can help you to evaluate its performance. Red Hat has expected return of -0.6815%. Please be advised to check Red Hat Semi Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Semi Variance to decide if Red Hat past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.43) 

Modest reverse predictability

Red Hat has modest reverse predictability. Overlapping area represents the amount of predictability between Red Hat time series from May 25, 2018 to June 9, 2018 and June 9, 2018 to June 24, 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 -0.43 indicates that just about 43.0% 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 -0.43
Spearman Rank Test -0.27
Price Variance 91.37
Lagged Price Variance 12.92

Red Hat 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 Lagged Returns

 Regressed Prices 
      Timeline 

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?
Bullish
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..