Red Hat Technical Analysis

Red Hat Inc -- USA Stock  

USD 120.69  1.11  0.91%

Red Hat Inc holds Standard Deviation of 1.09, Downside Deviation of 0.3715 and Risk Adjusted Performance of 0.1578. Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of Red Hat as well as the relationship between them. In other words you can use this information to find out if the company will indeed mirror its model of past market data or the prices will eventually revert. We found eighteen technical drivers for Red Hat Inc which can be compared to its competitors. Please check Red Hat Inc Downside Deviation, Treynor Ratio as well as the relationship between Treynor Ratio and Expected Short fall to decide if Red Hat Inc is priced some-what accurately providing market reflects its current price of 120.69 per share. Given that Red Hat has Treynor Ratio of (2.33), we recommend you check out Red Hat Inc recent market performance to make sure the company can sustain itself at future point.
Investment Horizon     30 Days    Login   to change

Red Hat Inc Trend Analysis

Use this graph to draw trend lines for Red Hat Inc. You can use it to identify possible trend reversals for Red Hat as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Red Hat price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Red Hat Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Red Hat Inc applied against its price change over selected period. The best fit line has a slop of 0.81 % which may imply that Red Hat Inc will maintain its good market sentiment and make money for investors. It has 34 observation points and a regression sum of squares at 531.27, which is the sum of squared deviations for the predicted Red Hat price change compared to its average price change.

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Risk-Return Analysis

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Red Hat Inc is rated fourth in mean deviation category among related companies. It is rated second in standard deviation category among related companies creating about  1.34  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Red Hat Inc is roughly  1.34