Macroaxis considers Flex Ltd to be not too volatile. Flex Ltd
secures Sharpe Ratio (or Efficiency) of -0.1055 which denotes Flex Ltd
had -0.1055% of return per unit of risk over the last 1 month. Macroaxis philosophy towards predicting risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Flex Ltd exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Flex Ltd Coefficient Of Variation
of 948.07 and Mean Deviation of 0.8842 to check risk estimate we provide. Macroaxis gives Flex Ltd performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.6362 which denotes to the fact that as returns on market increase, Flex Ltd returns are expected to increase less than the market. However during bear market, the loss on holding Flex Ltd will be expected to be smaller as well.. Even though it is essential to pay attention to Flex Ltd historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards predicting future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Flex Ltd exposes twenty-one different technical indicators which can help you to evaluate its performance. Flex Ltd has expected return of -0.1328%. Please be advised to confirm Flex Ltd Variance as well as the relationship between Value At Risk and Skewness to decide if Flex Ltd past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.25) |
Weak reverse predictability
Flex Ltd has weak reverse predictability. Overlapping area represents the amount of predictability between Flex Ltd time series from August 21, 2018 to September 5, 2018 and September 5, 2018 to September 20, 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 -0.25 indicates that over 25.0% 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.
|Spearman Rank Test||0.17|