Flex Stock Market Value
| FLEX Stock | USD 41.30 0.77 1.90% |
| Symbol | Flex |
Flex Price To Book Ratio
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Flex. If investors know Flex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Flex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.049 | Earnings Share 2.08 | Revenue Per Share 61.844 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0341 |
The market value of Flex is measured differently than its book value, which is the value of Flex that is recorded on the company's balance sheet. Investors also form their own opinion of Flex's value that differs from its market value or its book value, called intrinsic value, which is Flex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Flex's market value can be influenced by many factors that don't directly affect Flex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Flex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Flex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Flex 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Flex's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Flex.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Flex on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding Flex or generate 0.0% return on investment in Flex over 60 days. Flex is related to or competes with Sanmina, Fabrinet, Plexus Corp, Amphenol, Celestica, Benchmark Electronics, and Jabil Circuit. Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment man... More
Flex Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Flex's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Flex upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.1223 | |||
| Maximum Drawdown | 10.62 | |||
| Value At Risk | (2.91) | |||
| Potential Upside | 5.67 |
Flex Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flex's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flex's standard deviation. In reality, there are many statistical measures that can use Flex historical prices to predict the future Flex's volatility.| Risk Adjusted Performance | 0.1405 | |||
| Jensen Alpha | 0.1797 | |||
| Total Risk Alpha | 0.0321 | |||
| Sortino Ratio | 0.1567 | |||
| Treynor Ratio | 0.2078 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Flex's 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.
Flex Backtested Returns
Flex appears to be very steady, given 3 months investment horizon. Flex secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Flex, which you can use to evaluate the volatility of the firm. Please utilize Flex's Coefficient Of Variation of 574.13, mean deviation of 1.86, and Downside Deviation of 1.97 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Flex holds a performance score of 12. The firm shows a Beta (market volatility) of 2.07, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Flex will likely underperform. Please check Flex's jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to make a quick decision on whether Flex's price patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
Flex has modest predictability. Overlapping area represents the amount of predictability between Flex time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Flex price movement. The serial correlation of 0.54 indicates that about 54.0% of current Flex price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 4.59 |
Flex lagged returns against current returns
Autocorrelation, which is Flex stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Flex's stock expected returns. We can calculate the autocorrelation of Flex returns to help us make a trade decision. For example, suppose you find that Flex has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Flex regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Flex stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flex stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flex stock over time.
Current vs Lagged Prices |
| Timeline |
Flex Lagged Returns
When evaluating Flex's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flex stock have on its future price. Flex autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Flex autocorrelation shows the relationship between Flex stock current value and its past values and can show if there is a momentum factor associated with investing in Flex.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Flex Stock Analysis
When running Flex's price analysis, check to measure Flex's 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 Flex is operating at the current time. Most of Flex's value examination focuses on studying past and present price action to predict the probability of Flex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flex's price. Additionally, you may evaluate how the addition of Flex to your portfolios can decrease your overall portfolio volatility.