FLEX LNG Stock Forecast - Naive Prediction
| FLNG Stock | NOK 265.40 1.60 0.60% |
The Naive Prediction forecasted value of FLEX LNG on the next trading day is expected to be 254.75 with a mean absolute deviation of 5.13 and the sum of the absolute errors of 318.33. FLEX Stock Forecast is based on your current time horizon.
FLEX |
FLEX LNG Naive Prediction Price Forecast For the 1st of December
Given 90 days horizon, the Naive Prediction forecasted value of FLEX LNG on the next trading day is expected to be 254.75 with a mean absolute deviation of 5.13, mean absolute percentage error of 36.48, and the sum of the absolute errors of 318.33.Please note that although there have been many attempts to predict FLEX 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 FLEX LNG's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
FLEX LNG Stock Forecast Pattern
| Backtest FLEX LNG | FLEX LNG Price Prediction | Buy or Sell Advice |
FLEX LNG Forecasted Value
In the context of forecasting FLEX LNG's 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. FLEX LNG's downside and upside margins for the forecasting period are 253.21 and 256.29, respectively. We have considered FLEX LNG's 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 Naive Prediction forecasting method's relative quality and the estimations of the prediction error of FLEX LNG stock data series using in forecasting. Note that when a statistical model is used to represent FLEX LNG 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 | 123.5452 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 5.1344 |
| MAPE | Mean absolute percentage error | 0.0188 |
| SAE | Sum of the absolute errors | 318.3313 |
Predictive Modules for FLEX LNG
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as FLEX LNG. 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.Other Forecasting Options for FLEX LNG
For every potential investor in FLEX, whether a beginner or expert, FLEX LNG's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. FLEX Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in FLEX. Basic forecasting techniques help filter out the noise by identifying FLEX LNG's price trends.FLEX LNG 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 FLEX LNG stock to make a market-neutral strategy. Peer analysis of FLEX LNG could also be used in its relative valuation, which is a method of valuing FLEX LNG by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FLEX LNG Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of FLEX LNG's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of FLEX LNG's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
FLEX LNG Market Strength Events
Market strength indicators help investors to evaluate how FLEX LNG stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading FLEX LNG shares will generate the highest return on investment. By undertsting and applying FLEX LNG stock market strength indicators, traders can identify FLEX LNG entry and exit signals to maximize returns.
| Accumulation Distribution | 246.98 | |||
| Daily Balance Of Power | (0.50) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 265.6 | |||
| Day Typical Price | 265.53 | |||
| Market Facilitation Index | 2.0E-4 | |||
| Price Action Indicator | (1.00) | |||
| Period Momentum Indicator | (1.60) | |||
| Relative Strength Index | 43.48 |
FLEX LNG Risk Indicators
The analysis of FLEX LNG's 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 FLEX LNG's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting flex 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 | 1.15 | |||
| Standard Deviation | 1.55 | |||
| Variance | 2.41 |
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.
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Try AI Portfolio ArchitectAdditional Information and Resources on Investing in FLEX Stock
When determining whether FLEX LNG is a strong investment it is important to analyze FLEX LNG's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact FLEX LNG's future performance. For an informed investment choice regarding FLEX Stock, refer to the following important reports:Check out Historical Fundamental Analysis of FLEX LNG to cross-verify your projections. For more information on how to buy FLEX Stock please use our How to buy in FLEX Stock guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.