Flex LNG (Sweden) Market Value
| FLNGO Stock | NOK 265.00 7.20 2.65% |
| 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.
| 08/06/2024 |
| 12/04/2024 |
If you would invest 0.00 in Flex LNG on August 6, 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 120 days. Flex LNG is related to or competes with Securitas, Mekonomen, Embellence Group, AAC Clyde, Africa Oil, and Momentum Group. FLEX LNG Ltd., through its subsidiaries, engages in the transportation of liquefied natural gas and related activities i... 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 | (0.13) | |||
| Maximum Drawdown | 10.54 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.6 |
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 | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (2.46) |
Flex LNG Backtested Returns
Flex LNG secures Sharpe Ratio (or Efficiency) of -0.0431, which denotes the company had a -0.0431% return per unit of risk over the last 3 months. Flex LNG exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Flex LNG's Standard Deviation of 1.41, mean deviation of 0.6323, and Variance of 1.98 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0297, which means not very significant fluctuations relative to the market. 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 -0.0615%. Please make sure to confirm Flex LNG's total risk alpha, as well as the relationship between the kurtosis and price action indicator , to decide if Flex LNG performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.24 |
Weak reverse predictability
Flex LNG has weak reverse predictability. Overlapping area represents the amount of predictability between Flex LNG time series from 6th of August 2024 to 5th of October 2024 and 5th of October 2024 to 4th 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 -0.24 indicates that over 24.0% of current Flex LNG price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 75.39 |
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 |
Thematic Opportunities
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Additional Tools for Flex Stock Analysis
When running Flex LNG's price analysis, check to measure Flex LNG's 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 Flex LNG is operating at the current time. Most of Flex LNG's value examination focuses on studying past and present price action to predict the probability of Flex LNG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Flex LNG's price. Additionally, you may evaluate how the addition of Flex LNG to your portfolios can decrease your overall portfolio volatility.