ResMed Backtesting

RMD -- USA Stock  

USD 115.36  1.37  1.20%

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

ResMed 'What if' Analysis

August 27, 2018
No Change 0.00  0.0%
In 30 days
September 26, 2018
If you would invest  0.00  in ResMed on August 27, 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 30 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 Deviation0.8017
Information Ratio0.1497
Maximum Drawdown3.46
Value At Risk0.88
Potential Upside1.82

ResMed Market Premium Indicators

Risk Adjusted Performance0.1065
Jensen Alpha0.2073
Total Risk Alpha0.0761
Sortino Ratio0.1542
Treynor Ratio0.35

ResMed Backtested Returns

We consider ResMed not too risky. ResMed maintains Sharpe Ratio (i.e. Efficiency) of 0.224 which implies ResMed had 0.224% 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-eight technical indicators for ResMed which you can use to evaluate future volatility of the company. Please check ResMed Coefficient Of Variation of 436.49, Semi Deviation of 0.3123 and Risk Adjusted Performance of 0.1065 to confirm if risk estimate we provide are consistent with the epected return of 0.181%. ResMed has performance score of 14 on a scale of 0 to 100. The organization holds Beta of -0.5056 which implies as returns on market increase, returns on owning ResMed are expected to decrease at a much smaller rate. During bear market, ResMed is likely to outperform the market.. 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 0.181% will be sustainable into the future. ResMed right now holds a risk of 0.8078%. Please check ResMed Expected Short fall, and the relationship between Value At Risk and Daily Balance Of Power to decide if ResMed will be following its historical price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.45 

Average predictability

ResMed has average predictability. Overlapping area represents the amount of predictability between ResMed time series from August 27, 2018 to September 11, 2018 and September 11, 2018 to September 26, 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 0.45 indicates that just about 45.0% of current ResMed price fluctuation can be explain by its past prices.
Correlation Coefficient0.45
Spearman Rank Test0.17
Residual Average0.0
Price Variance1.11

ResMed lagged returns against current returns

 Current and Lagged Values 

ResMed regressed lagged prices vs. current prices

 Current vs Lagged Prices 

ResMed Lagged Returns

 Regressed Prices 

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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 Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.