Flexsteel Industries Stock Forward View - Simple Regression
| FLXS Stock | USD 40.03 0.83 2.12% |
Flexsteel Stock outlook is based on your current time horizon.
At this time, The relative strength index (RSI) of Flexsteel Industries' share price is at 52. This usually indicates that the stock is in nutural position, most likellhy at or near its resistance level. The main idea of RSI analysis is to track how fast people are buying or selling Flexsteel Industries, making its price go up or down. Momentum 52
Impartial
Oversold | Overbought |
Quarterly Earnings Growth 0.77 | EPS Estimate Next Quarter 0.56 | EPS Estimate Current Year 3.54 | EPS Estimate Next Year 3.75 | Wall Street Target Price 50.5 |
Using Flexsteel Industries hype-based prediction, you can estimate the value of Flexsteel Industries from the perspective of Flexsteel Industries response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Regression forecasted value of Flexsteel Industries on the next trading day is expected to be 42.34 with a mean absolute deviation of 1.51 and the sum of the absolute errors of 93.52. Flexsteel Industries after-hype prediction price | USD 40.25 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
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Flexsteel Industries Additional Predictive Modules
Most predictive techniques to examine Flexsteel price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Flexsteel using various technical indicators. When you analyze Flexsteel charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Flexsteel Industries Simple Regression Price Forecast For the 1st of February
Given 90 days horizon, the Simple Regression forecasted value of Flexsteel Industries on the next trading day is expected to be 42.34 with a mean absolute deviation of 1.51, mean absolute percentage error of 3.13, and the sum of the absolute errors of 93.52.Please note that although there have been many attempts to predict Flexsteel Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Flexsteel Industries' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Flexsteel Industries Stock Forecast Pattern
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Flexsteel Industries Forecasted Value
In the context of forecasting Flexsteel Industries' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Flexsteel Industries' downside and upside margins for the forecasting period are 40.09 and 44.59, respectively. We have considered Flexsteel Industries' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Flexsteel Industries stock data series using in forecasting. Note that when a statistical model is used to represent Flexsteel Industries stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 121.0895 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 1.5084 |
| MAPE | Mean absolute percentage error | 0.0389 |
| SAE | Sum of the absolute errors | 93.5189 |
Predictive Modules for Flexsteel Industries
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Flexsteel Industries. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Flexsteel Industries' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Flexsteel Industries After-Hype Price Density Analysis
As far as predicting the price of Flexsteel Industries at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Flexsteel Industries or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Flexsteel Industries, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Flexsteel Industries Estimiated After-Hype Price Volatility
In the context of predicting Flexsteel Industries' stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Flexsteel Industries' historical news coverage. Flexsteel Industries' after-hype downside and upside margins for the prediction period are 38.00 and 42.50, respectively. We have considered Flexsteel Industries' daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Flexsteel Industries is very steady at this time. Analysis and calculation of next after-hype price of Flexsteel Industries is based on 3 months time horizon.
Flexsteel Industries Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Flexsteel Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Flexsteel Industries backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Flexsteel Industries, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.27 | 2.25 | 0.22 | 0.01 | 8 Events / Month | 7 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
40.03 | 40.25 | 0.55 |
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Flexsteel Industries Hype Timeline
Flexsteel Industries is currently traded for 40.03. The entity has historical hype elasticity of 0.22, and average elasticity to hype of competition of 0.01. Flexsteel is anticipated to increase in value after the next headline, with the price projected to jump to 40.25 or above. The average volatility of media hype impact on the company the price is over 100%. The price appreciation on the next news is projected to be 0.55%, whereas the daily expected return is currently at 0.27%. The volatility of related hype on Flexsteel Industries is about 10227.27%, with the expected price after the next announcement by competition of 40.04. The company reported the previous year's revenue of 441.07 M. Net Income was 20.15 M with profit before overhead, payroll, taxes, and interest of 101.52 M. Given the investment horizon of 90 days the next anticipated press release will be in about 8 days. Check out Historical Fundamental Analysis of Flexsteel Industries to cross-verify your projections.Flexsteel Industries Related Hype Analysis
Having access to credible news sources related to Flexsteel Industries' direct competition is more important than ever and may enhance your ability to predict Flexsteel Industries' future price movements. Getting to know how Flexsteel Industries' peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Flexsteel Industries may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| HBB | Hamilton Beach Brands | (0.21) | 6 per month | 1.92 | 0.12 | 5.68 | (3.74) | 17.33 | |
| VIOT | Viomi Technology ADR | 1.03 | 13 per month | 0.00 | (0.24) | 5.46 | (6.71) | 31.89 | |
| VIRC | Virco Manufacturing | (0.01) | 19 per month | 0.00 | (0.1) | 3.68 | (3.72) | 11.88 | |
| LOVE | The Lovesac | 0.82 | 19 per month | 0.00 | (0.04) | 6.06 | (6.01) | 20.21 | |
| CRMT | Americas Car Mart | (0.98) | 10 per month | 3.45 | 0.0001 | 7.71 | (5.55) | 18.39 | |
| JILL | JJill Inc | (0.31) | 10 per month | 0.00 | (0.03) | 5.40 | (4.01) | 19.92 | |
| JAKK | JAKKS Pacific | 0.14 | 6 per month | 2.25 | (0.02) | 4.74 | (4.54) | 11.05 | |
| KEQU | Kewaunee Scientific | 0.27 | 10 per month | 0.00 | (0.14) | 3.21 | (2.95) | 10.57 | |
| BSET | Bassett Furniture Industries | (0.02) | 9 per month | 1.65 | (0.01) | 3.13 | (3.24) | 9.55 | |
| DBI | Designer Brands | (0.51) | 12 per month | 3.63 | 0.13 | 10.60 | (6.37) | 57.50 |
Other Forecasting Options for Flexsteel Industries
For every potential investor in Flexsteel, whether a beginner or expert, Flexsteel Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Flexsteel Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Flexsteel. Basic forecasting techniques help filter out the noise by identifying Flexsteel Industries' price trends.Flexsteel Industries Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Flexsteel Industries stock to make a market-neutral strategy. Peer analysis of Flexsteel Industries could also be used in its relative valuation, which is a method of valuing Flexsteel Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Flexsteel Industries Market Strength Events
Market strength indicators help investors to evaluate how Flexsteel Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Flexsteel Industries shares will generate the highest return on investment. By undertsting and applying Flexsteel Industries stock market strength indicators, traders can identify Flexsteel Industries entry and exit signals to maximize returns.
Flexsteel Industries Risk Indicators
The analysis of Flexsteel Industries' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Flexsteel Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting flexsteel stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.64 | |||
| Semi Deviation | 1.81 | |||
| Standard Deviation | 2.2 | |||
| Variance | 4.86 | |||
| Downside Variance | 4.01 | |||
| Semi Variance | 3.26 | |||
| Expected Short fall | (1.70) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Flexsteel Industries
The number of cover stories for Flexsteel Industries depends on current market conditions and Flexsteel Industries' risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Flexsteel Industries is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Flexsteel Industries' long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Flexsteel Industries Short Properties
Flexsteel Industries' future price predictability will typically decrease when Flexsteel Industries' long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Flexsteel Industries often depends not only on the future outlook of the potential Flexsteel Industries' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Flexsteel Industries' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5.7 M | |
| Cash And Short Term Investments | 40 M |
Additional Tools for Flexsteel Stock Analysis
When running Flexsteel Industries' price analysis, check to measure Flexsteel Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Flexsteel Industries is operating at the current time. Most of Flexsteel Industries' value examination focuses on studying past and present price action to predict the probability of Flexsteel Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flexsteel Industries' price. Additionally, you may evaluate how the addition of Flexsteel Industries to your portfolios can decrease your overall portfolio volatility.