Flex Ltd Backtesting

Flex Ltd -- USA Stock  

USD 17.87  0.07  0.39%

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

Flex Ltd 'What if' Analysis

February 20, 2018
No Change 0.00  0.0%
In 30 days
March 22, 2018
If you would invest  0.00  in Flex Ltd on February 20, 2018 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. Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment man...

Flex Ltd Upside/Downside Indicators


Flex Ltd Market Premium Indicators

Flex Ltd lagged returns against current returns

 Current and Lagged Values 

Flex Ltd regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Flex Ltd Backtested Returns

We consider Flex Ltd not too volatile. Flex Ltd secures Sharpe Ratio (or Efficiency) of 0.0121 which denotes Flex Ltd had 0.0121% 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 confirm Flex Ltd Coefficient Of Variation of 8290.58, Mean Deviation of 1.03 and Downside Deviation of 1.3 to check if risk estimate we provide are consistent with the epected return of 0.0151%. Flex Ltd has performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of -0.3398 which denotes to the fact that as returns on market increase, returns on owning Flex Ltd are expected to decrease at a much smaller rate. During bear market, Flex Ltd is likely to outperform the market.. Although it is extremely important to respect Flex Ltd historical returns, it is better to be realistic regarding the information on 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 0.0151% will be sustainable into the future. Flex Ltd right now shows a risk of 1.2499%. Please confirm Flex Ltd Variance as well as the relationship between Value At Risk and Skewness to decide if Flex Ltd will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.66) 

Very good reverse predictability

Flex Ltd has very good reverse predictability. Overlapping area represents the amount of predictability between Flex Ltd time series from February 20, 2018 to March 7, 2018 and March 7, 2018 to March 22, 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 -0.66 indicates that around 66.0% 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 -0.66
Spearman Rank Test -0.58
Price Variance 0.15
Lagged Price Variance 0.04

Flex Ltd Lagged Returns

 Regressed Prices 

Flex Ltd Performance vs DOW

The median price of Flex Ltd for the period between Tue, Feb 20, 2018 and Thu, Mar 22, 2018 is 18.18 with a coefficient of variation of 2.02. The daily time series for the period is distributed with a sample standard deviation of 0.37, arithmetic mean of 18.21, and mean deviation of 0.29. The Stock received some media coverage during the period.
 Price Growth (%)  
Exercise or conversion by Read Paul of 100000 shares of Flex...02/28/2018
Sale by Christopher Collier of 7500 shares of Flex Ltd03/21/2018