FLEX LNG (Norway) Market Value
| FLNG Stock | NOK 291.20 1.40 0.48% |
| Symbol | FLEX |
FLEX LNG '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 LNG'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 LNG.
| 09/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in FLEX LNG on September 23, 2024 and sell it all today you would earn a total of 0.00 from holding FLEX LNG or generate 0.0% return on investment in FLEX LNG over 60 days. FLEX LNG is related to or competes with BW LPG, Frontline, Golden Ocean, Avance Gas, and Awilco LNG. Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas worldwide More
FLEX LNG 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 LNG'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 LNG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.03 | |||
| Value At Risk | (2.21) | |||
| Potential Upside | 2.35 |
FLEX LNG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FLEX LNG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FLEX LNG's standard deviation. In reality, there are many statistical measures that can use FLEX LNG historical prices to predict the future FLEX LNG's volatility.| Risk Adjusted Performance | 0.0298 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0915 |
FLEX LNG Backtested Returns
As of now, FLEX Stock is very steady. FLEX LNG secures Sharpe Ratio (or Efficiency) of 0.0129, which denotes the company had a 0.0129% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for FLEX LNG, which you can use to evaluate the volatility of the firm. Please confirm FLEX LNG's downside deviation of 1.35, and Mean Deviation of 1.17 to check if the risk estimate we provide is consistent with the expected return of 0.0192%. FLEX LNG has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.42, which means possible diversification benefits within a given portfolio. As returns on the market increase, FLEX LNG's returns are expected to increase less than the market. However, during the bear market, the loss of holding FLEX LNG is expected to be smaller as well. FLEX LNG at this time shows a risk of 1.49%. Please confirm FLEX LNG coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to decide if FLEX LNG will be following its price patterns.
Auto-correlation | -0.39 |
Poor reverse predictability
FLEX LNG has poor reverse predictability. Overlapping area represents the amount of predictability between FLEX LNG time series from 23rd of September 2024 to 23rd of October 2024 and 23rd of October 2024 to 22nd 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 LNG price movement. The serial correlation of -0.39 indicates that just about 39.0% of current FLEX LNG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 123.62 |
FLEX LNG lagged returns against current returns
Autocorrelation, which is FLEX LNG 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 LNG's stock expected returns. We can calculate the autocorrelation of FLEX LNG returns to help us make a trade decision. For example, suppose you find that FLEX LNG 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 LNG 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 LNG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FLEX LNG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FLEX LNG stock over time.
Current vs Lagged Prices |
| Timeline |
FLEX LNG Lagged Returns
When evaluating FLEX LNG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FLEX LNG stock have on its future price. FLEX LNG 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 LNG autocorrelation shows the relationship between FLEX LNG stock current value and its past values and can show if there is a momentum factor associated with investing in FLEX LNG.
Regressed Prices |
| Timeline |
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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 FLEX LNG Correlation, FLEX LNG Volatility and FLEX LNG Alpha and Beta module to complement your research on FLEX LNG. For more information on how to buy FLEX Stock please use our How to buy in FLEX Stock guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
FLEX LNG technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.