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Red Hat, Inc. (NYSE:RHT) Seasonal Chart

Red Hat, Inc.  (NYSE:RHT) Seasonality

RHT Relative to the S&P 500
RHT Relative to the S&P 500

RHT Relative to the Sector
RHT Relative to the Sector

Monthly Seasonal Red Hat, Inc.  (NYSE:RHT)

Seasonal Chart Analysis

Analysis of the Red Hat, Inc. (NYSE:RHT) seasonal charts above shows that a Buy Date of October 21 and a Sell Date of January 12 has resulted in a geometric average return of 16.81% above the benchmark rate of the S&P 500 Total Return Index over the past 18 years. This seasonal timeframe has shown positive results compared to the benchmark in 14 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 18 years by an average of 21.94% per year.

The seasonal timeframe correlates Fairly Well with the period of seasonal strength for the Technology sector, which runs from October 9 to February 15. The seasonal chart for the broad sector is available via the following link: Technology Sector Seasonal Chart.

Red Hat Inc is a software company operating business across the world. It is primarily engaged in providing services to its version of the open-source Linux software operating systems, middleware, storage, virtualization, and management tools.

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