ResMed Backtesting

RMD -- USA Stock  

USD 112.93  2.17  1.96%

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

ResMed 'What if' Analysis

October 19, 2018
0.00
No Change 0.00  0.0%
In 2 months and 1 day
December 18, 2018
0.00
If you would invest  0.00  in ResMed on October 19, 2018 and sell it all today you would earn a total of 0.00 from holding ResMed or generate 0.0% return on investment in ResMed over 60 days. ResMed is related to or competes with DENTSPLY SIRONA, Stryker, Teleflex Incorporated, Varian Medical, Agilent Technologies, and Cigna. ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications that ...

ResMed Upside/Downside Indicators

Downside Deviation1.62
Information Ratio0.1527
Maximum Drawdown8.68
Value At Risk(2.13)
Potential Upside2.65
  

ResMed Market Premium Indicators

Risk Adjusted Performance0.0862
Jensen Alpha0.2061
Total Risk Alpha0.3127
Sortino Ratio0.1621
Treynor Ratio0.1522

ResMed Backtested Returns

We consider ResMed not too risky. ResMed maintains Sharpe Ratio (i.e. Efficiency) of 0.1114 which implies ResMed had 0.1114% of return per unit of risk over the last 2 months. 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 ResMed which you can use to evaluate future volatility of the company. Please check ResMed Coefficient Of Variation of 1575.26, Semi Deviation of 1.47 and Risk Adjusted Performance of 0.0862 to confirm if risk estimate we provide are consistent with the epected return of 0.1922%. ResMed has performance score of 7 on a scale of 0 to 100. The organization holds Beta of 0.6525 which implies as returns on market increase, ResMed returns are expected to increase less than the market. However during bear market, the loss on holding ResMed will be expected to be smaller as well.. Although it is extremely important to respect ResMed 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 ResMed technical indicators you can presently evaluate if the expected return of 0.1922% will be sustainable into the future. ResMed right now holds a risk of 1.7261%. Please check ResMed Information Ratio, Value At Risk as well as the relationship between Value At Risk and Expected Short fall to decide if ResMed will be following its historical price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.56 
correlation synergy

Modest predictability

ResMed has modest predictability. Overlapping area represents the amount of predictability between ResMed time series from October 19, 2018 to November 18, 2018 and November 18, 2018 to December 18, 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 ResMed price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current ResMed price fluctuation can be explain by its past prices.
Correlation Coefficient0.56
Spearman Rank Test0.51
Residual Average0.0
Price Variance20.67

ResMed lagged returns against current returns

 Current and Lagged Values 
      Timeline 

ResMed regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

ResMed Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - RMD

ResMed Investor Sentiment

Greater number of Macroaxis users are at this time bullish on ResMed. What is your perspective on investing in ResMed? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Additionally take a look at ResMed Hype Analysis, ResMed Correlation, ResMed Valuation, ResMed Volatility as well as analyze ResMed Alpha and Beta and ResMed Performance. Please also try Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.
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