Flexsteel Industries Stock Market Value
| FLXS Stock | USD 59.37 0.34 0.57% |
| Symbol | Flexsteel |
Flexsteel Industries Price To Book Ratio
Is Household Durables 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 Flexsteel Industries. If investors know Flexsteel 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 Flexsteel Industries 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 4.286 | Dividend Share 0.62 | Earnings Share 2.51 | Revenue Per Share 81.572 | Quarterly Revenue Growth 0.099 |
The market value of Flexsteel Industries is measured differently than its book value, which is the value of Flexsteel that is recorded on the company's balance sheet. Investors also form their own opinion of Flexsteel Industries' value that differs from its market value or its book value, called intrinsic value, which is Flexsteel Industries' 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 Flexsteel Industries' market value can be influenced by many factors that don't directly affect Flexsteel Industries' 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 Flexsteel Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Flexsteel Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flexsteel Industries' 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.
Flexsteel Industries '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 Flexsteel Industries' 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 Flexsteel Industries.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Flexsteel Industries on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Flexsteel Industries or generate 0.0% return on investment in Flexsteel Industries over 720 days. Flexsteel Industries is related to or competes with Willis Lease, Rocky Brands, and First Business. Flexsteel Industries, Inc., together with its subsidiaries, operates as a manufacturer, importer, and online marketer of... More
Flexsteel Industries 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 Flexsteel Industries' 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 Flexsteel Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.08 | |||
| Information Ratio | 0.1225 | |||
| Maximum Drawdown | 33.56 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 5.14 |
Flexsteel Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Flexsteel Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flexsteel Industries' standard deviation. In reality, there are many statistical measures that can use Flexsteel Industries historical prices to predict the future Flexsteel Industries' volatility.| Risk Adjusted Performance | 0.1259 | |||
| Jensen Alpha | 0.5636 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.2486 | |||
| Treynor Ratio | 1.05 |
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 Backtested Returns
Flexsteel Industries appears to be very steady, given 3 months investment horizon. Flexsteel Industries secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the company had a 0.15% return per unit of risk over the last 3 months. By reviewing Flexsteel Industries' technical indicators, you can evaluate if the expected return of 0.66% is justified by implied risk. Please utilize Flexsteel Industries' Coefficient Of Variation of 651.39, mean deviation of 2.08, and Downside Deviation of 2.08 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Flexsteel Industries holds a performance score of 12. The firm shows a Beta (market volatility) of 0.61, which means possible diversification benefits within a given portfolio. As returns on the market increase, Flexsteel Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Flexsteel Industries is expected to be smaller as well. Please check Flexsteel Industries' downside variance, and the relationship between the total risk alpha and daily balance of power , to make a quick decision on whether Flexsteel Industries' price patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
Flexsteel Industries has below average predictability. Overlapping area represents the amount of predictability between Flexsteel Industries time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Flexsteel Industries price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Flexsteel Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 100.79 |
Flexsteel Industries lagged returns against current returns
Autocorrelation, which is Flexsteel Industries 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 Flexsteel Industries' stock expected returns. We can calculate the autocorrelation of Flexsteel Industries returns to help us make a trade decision. For example, suppose you find that Flexsteel Industries 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 |
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Flexsteel Industries 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 Flexsteel Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flexsteel Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flexsteel Industries stock over time.
Current vs Lagged Prices |
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Flexsteel Industries Lagged Returns
When evaluating Flexsteel Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flexsteel Industries stock have on its future price. Flexsteel Industries 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, Flexsteel Industries autocorrelation shows the relationship between Flexsteel Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Flexsteel Industries.
Regressed Prices |
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Thematic Opportunities
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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.