Flex Lng Stock Market Value
| FLNG Stock | USD 24.14 0.13 0.54% |
| Symbol | FLEX |
FLEX LNG Price To Book Ratio
Is Marine Transportation 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 LNG. 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 LNG 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 (0.62) | Dividend Share 3 | Earnings Share 1.69 | Revenue Per Share 6.741 | Quarterly Revenue Growth (0.04) |
The market value of FLEX LNG 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 LNG's value that differs from its market value or its book value, called intrinsic value, which is FLEX LNG'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 LNG's market value can be influenced by many factors that don't directly affect FLEX LNG'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 LNG's value and its price as these two are different measures arrived at by different means. Investors typically determine if FLEX LNG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FLEX LNG'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 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.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in FLEX LNG on November 1, 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 30 days. FLEX LNG is related to or competes with Frontline, Torm PLC, Navigator Holdings, Teekay Tankers, Scorpio Tankers, Dorian LPG, and Cheniere Energy. 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.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 10.48 | |||
| Value At Risk | (2.43) | |||
| Potential Upside | 2.79 |
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 | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.19) |
FLEX LNG Backtested Returns
FLEX LNG secures Sharpe Ratio (or Efficiency) of -0.0593, which denotes the company had a -0.0593% return per unit of return volatility over the last 3 months. FLEX LNG exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FLEX LNG's mean deviation of 1.34, and Standard Deviation of 1.8 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.68, 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. At this point, FLEX LNG has a negative expected return of -0.11%. Please make sure to confirm FLEX LNG's potential upside, and the relationship between the total risk alpha and daily balance of power , to decide if FLEX LNG performance from the past will be repeated in the future.
Auto-correlation | -0.9 |
Excellent reverse predictability
FLEX LNG has excellent reverse predictability. Overlapping area represents the amount of predictability between FLEX LNG time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 -0.9 indicates that approximately 90.0% of current FLEX LNG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.96 |
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 |
Currently Active Assets on Macroaxis
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 detail on how to invest in FLEX Stock please use our How to Invest in FLEX LNG guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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.