Flex Ltd Backtesting

Flex Ltd -- USA Stock  

USD 19.14  0.38  2.03%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Flex Ltd and determine expected loss or profit from investing in Flex Ltd over given investment horizon. Additionally see Flex Ltd Hype Analysis, Flex Ltd Correlation, Flex Ltd Valuation, Flex Ltd Volatility as well as analyze Flex Ltd Alpha and Beta and Flex Ltd Performance
 Time Horizon     30 Days    Login   to change
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Backtest

Flex Ltd 'What if' Analysis

December 17, 2017
0.00
No Change 0.00  0.0%
In 31 days
January 16, 2018
0.00
If you would invest  0.00  in Flex Ltd on December 17, 2017 and sell it all today you would earn a total of 0.00 from holding Flex Ltd or generate 0.0% return on investment in Flex Ltd over 30 days. Flex Ltd is related to or competes with Micron Technology, ON Semiconductor, Analog Devices, Advanced Micro, and Arrow Electronics. Flextronics International Ltd offers innovation services, such as innovations labs for supporting customer design and pr...

Flex Ltd Upside/Downside Indicators

  

Flex Ltd Market Premium Indicators

Flex Ltd lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Flex Ltd regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Flex Ltd Backtested Returns

Macroaxis considers Flex Ltd not too volatile given 1 month investment horizon. Flex Ltd secures Sharpe Ratio (or Efficiency) of 0.2944 which denotes Flex Ltd had 0.2944% of return per unit of risk over the last 1 month. Our philosophy towards predicting volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Flex Ltd which you can use to evaluate future volatility of the firm. Please utilize Flex Ltd Coefficient Of Variation of 463.92, Mean Deviation of 0.8773 and Downside Deviation of 1.06 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Flex Ltd holds performance score of 19. The firm shows Beta (market volatility) of 0.8787 which denotes to the fact that Flex Ltd returns are very sensitive to returns on the market. as market goes up or down, Flex Ltd is expected to follow.. Although it is vital to follow to Flex Ltd historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards predicting future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By reviewing Flex Ltd technical indicators you can presently evaluate if the expected return of 0.3388% will be sustainable into the future. Please utilizes Flex Ltd Variance as well as the relationship between Value At Risk and Skewness to make a quick decision on weather Flex Ltd price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.15) 

Insignificant reverse predictability

Flex Ltd has insignificant reverse predictability. Overlapping area represents the amount of predictability between Flex Ltd time series from December 17, 2017 to January 1, 2018 and January 1, 2018 to January 16, 2018. 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 Ltd price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Flex Ltd price fluctuation can be explain by its past prices. Given that Flex Ltd has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Flex Ltd for similar time interval.
Correlation Coefficient -0.15
Spearman Rank Test -0.09
Price Variance 0.08
Lagged Price Variance 0.06

Flex Ltd Lagged Returns

 Regressed Prices 
      Timeline 

Flex Ltd Performance vs DOW

The median price of Flex Ltd for the period between Sun, Dec 17, 2017 and Tue, Jan 16, 2018 is 18.23 with a coefficient of variation of 2.06. The daily time series for the period is distributed with a sample standard deviation of 0.38, arithmetic mean of 18.27, and mean deviation of 0.32. The Stock did not receive any noticable media coverage during the period.
Price Growth (%)  
      Timeline