Flight Centre (Germany) Market Value
| FLI Stock | EUR 10.50 0.30 2.94% |
| Symbol | Flight |
Flight Centre '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 Flight Centre'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 Flight Centre.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Flight Centre on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Flight Centre Travel or generate 0.0% return on investment in Flight Centre over 720 days. Flight Centre is related to or competes with Aedas Homes, Haverty Furniture, WILLIS LEASE, UNITED RENTALS, MINCO SILVER, HomeToGo, and DFS Furniture. Flight Centre Travel Group Limited provides travel retailing services for the leisure, corporate, and wholesale travel s... More
Flight Centre 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 Flight Centre'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 Flight Centre Travel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 23.7 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 3.15 |
Flight Centre Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flight Centre's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flight Centre's standard deviation. In reality, there are many statistical measures that can use Flight Centre historical prices to predict the future Flight Centre's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.55) |
Flight Centre Travel Backtested Returns
Flight Centre Travel secures Sharpe Ratio (or Efficiency) of -0.0685, which denotes the company had a -0.0685% return per unit of risk over the last 3 months. Flight Centre Travel exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Flight Centre's Variance of 9.3, mean deviation of 1.7, and Standard Deviation of 3.05 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, Flight Centre's returns are expected to increase less than the market. However, during the bear market, the loss of holding Flight Centre is expected to be smaller as well. At this point, Flight Centre Travel has a negative expected return of -0.21%. Please make sure to confirm Flight Centre's jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Flight Centre Travel performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.14 |
Insignificant predictability
Flight Centre Travel has insignificant predictability. Overlapping area represents the amount of predictability between Flight Centre time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Flight Centre Travel price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Flight Centre price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
Flight Centre Travel lagged returns against current returns
Autocorrelation, which is Flight Centre 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 Flight Centre's stock expected returns. We can calculate the autocorrelation of Flight Centre returns to help us make a trade decision. For example, suppose you find that Flight Centre 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 |
Flight Centre 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 Flight Centre stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flight Centre stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flight Centre stock over time.
Current vs Lagged Prices |
| Timeline |
Flight Centre Lagged Returns
When evaluating Flight Centre's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flight Centre stock have on its future price. Flight Centre 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, Flight Centre autocorrelation shows the relationship between Flight Centre stock current value and its past values and can show if there is a momentum factor associated with investing in Flight Centre Travel.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Flight Stock
Flight Centre financial ratios help investors to determine whether Flight Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Flight with respect to the benefits of owning Flight Centre security.