ResMed Backtesting

ResMed Inc -- USA Stock  

USD 87.86  0.08  0.0911%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of ResMed Inc 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
 Time Horizon     30 Days    Login   to change
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Backtest

ResMed 'What if' Analysis

December 17, 2017
0.00
No Change 0.00  0.0%
In 31 days
January 16, 2018
0.00
If you would invest  0.00  in ResMed on December 17, 2017 and sell it all today you would earn a total of 0.00 from holding ResMed Inc or generate 0.0% return on investment in ResMed over 30 days. ResMed is related to or competes with DexCom, Boston Scientific, Cooper Companies, Quest Diagnostics, DENTSPLY SIRONA, and . Its portfolio of solutions include devices such as air flow generators ventilators and oxygen concentrators diagnostic p...

ResMed Upside/Downside Indicators

  

ResMed Market Premium Indicators

ResMed Inc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

ResMed regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

ResMed Inc Backtested Returns

We consider ResMed not too risky. ResMed Inc maintains Sharpe Ratio (i.e. Efficiency) of 0.1728 which implies ResMed Inc had 0.1728% 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 ResMed Inc which you can use to evaluate future volatility of the company. Please check ResMed Inc Coefficient Of Variation of 552.9, Semi Deviation of 0.726 and Risk Adjusted Performance of 0.0757 to confirm if risk estimate we provide are consistent with the epected return of 0.134%. ResMed has performance score of 11 on a scale of 0 to 100. The organization holds Beta of 0.0914 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 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 ResMed Inc technical indicators you can presently evaluate if the expected return of 0.134% will be sustainable into the future. ResMed Inc right now holds a risk of 0.7754%. Please check ResMed Inc Information Ratio, Value At Risk as well as the relationship between Value At Risk and Expected Short fall to decide if ResMed Inc will be following its historical price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.54) 

Good reverse predictability

ResMed Inc has good reverse predictability. Overlapping area represents the amount of predictability between ResMed time series from December 17, 2017 to January 1, 2018 and January 1, 2018 to January 16, 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 Inc price movement. The serial correlation of -0.54 indicates that about 54.0% of current ResMed price fluctuation can be explain by its past prices. Given that ResMed Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of ResMed for similar time interval.
Correlation Coefficient -0.54
Spearman Rank Test -0.18
Price Variance 0.65
Lagged Price Variance 0.22

ResMed Lagged Returns

 Regressed Prices 
      Timeline 

ResMed Performance vs DOW

The median price of ResMed for the period between Sun, Dec 17, 2017 and Tue, Jan 16, 2018 is 86.12 with a coefficient of variation of 1.4. The daily time series for the period is distributed with a sample standard deviation of 1.2, arithmetic mean of 86.19, and mean deviation of 1.0. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Exercise or conversion by Jacobsen Stein of 37500 shares of ...01/16/2018