FLEX LNG (Norway) Price on December 2, 2024
| FLNG Stock | NOK 238.60 1.00 0.42% |
If you're considering investing in FLEX Stock, it is important to understand the factors that can impact its price. As of today, the current price of FLEX LNG stands at 238.60, as last reported on the 30th of March, with the highest price reaching 240.20 and the lowest price hitting 236.00 during the day. As of now, FLEX Stock is very steady. FLEX LNG secures Sharpe Ratio (or Efficiency) of close to zero, which denotes the company had a close to zero % return per unit of return volatility over the last 3 months. We have found thirty technical indicators for FLEX LNG, which you can use to evaluate the volatility of the firm. Please confirm FLEX LNG's mean deviation of 1.25, and Downside Deviation of 1.72 to check if the risk estimate we provide is consistent with the expected return of 0.0094%.
FLEX Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
FLEX |
Sharpe Ratio = 0.0053
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FLNG |
Estimated Market Risk
| 1.79 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average FLEX LNG is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of FLEX LNG by adding FLEX LNG to a well-diversified portfolio.
FLEX LNG Valuation on December 2, 2024
It is possible to determine the worth of FLEX LNG on a given historical date. On December 2, 2024 FLEX was worth 249.69 at the beginning of the trading date compared to the closed value of 248.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of FLEX LNG stock. Still, in general, we apply an absolute valuation method to find FLEX LNG's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of FLEX LNG where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against FLEX LNG's related companies.
| Open | High | Low | Close | Volume | |
| 251.00 | 251.19 | 248.18 | 249.50 | 20,623 | |
12/02/2024 | 249.69 | 251.57 | 247.05 | 248.18 | 19,026 |
| 248.18 | 259.09 | 245.93 | 246.87 | 15,953 |
| Backtest FLEX LNG | | | FLEX LNG History | | | FLEX LNG Valuation | Previous | Next |
FLEX LNG Trading Date Momentum on December 2, 2024
| On December 03 2024 FLEX LNG was traded for 246.87 at the closing time. The highest price during the trading period was 259.09 and the lowest recorded bid was listed for 245.93 . The volume for the day was 16 K. This history from December 3, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.53% . The overall trading delta to the current price is 5.30% . |
FLEX LNG Fundamentals Correlations and Trends
By evaluating FLEX LNG's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among FLEX LNG's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. FLEX financial account trend analysis is a perfect complement when working with valuation or volatility modules.About FLEX LNG Stock history
FLEX LNG investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for FLEX is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in FLEX LNG will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing FLEX LNG stock prices may prove useful in developing a viable investing in FLEX LNG
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas worldwide. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda. FLEX LNG operates under Oil Gas Midstream classification in Norway and is traded on Oslo Stock Exchange. It employs 9 people.
FLEX LNG Stock Technical Analysis
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.
Price Boundaries
FLEX LNG Period Price Range
Low | March 30, 2025
| High |
0.00 | 0.00 |
FLEX LNG cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
FLEX LNG March 30, 2025 Market Strength
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
FLEX LNG Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for FLEX LNG's price direction in advance. Along with the technical and fundamental analysis of FLEX Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of FLEX to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0098 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | 0.1125 | |||
| Sortino Ratio | 0.031 | |||
| Treynor Ratio | 0.0055 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FLEX LNG. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy FLEX Stock please use our How to buy in FLEX Stock guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.