Flex Ltd Backtesting

FLEX -- USA Stock  

USD 14.38  0.12  0.83%

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

May 23, 2018
0.00
No Change 0.00  0.0%
In 31 days
June 22, 2018
0.00
If you would invest  0.00  in Flex Ltd on May 23, 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, Arrow Electronics, and AVNET INC. Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment man...

Flex Ltd Upside/Downside Indicators

Downside Deviation1.01
Information Ratio0.0658
Maximum Drawdown3.61
Value At Risk1.56
Potential Upside2.31
  

Flex Ltd Market Premium Indicators

Risk Adjusted Performance0.01
Sortino Ratio0.0712

Flex Ltd Backtested Returns

We consider Flex Ltd not too volatile. Flex Ltd secures Sharpe Ratio (or Efficiency) of 0.1451 which denotes Flex Ltd had 0.1451% 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-eight technical indicators for Flex Ltd which you can use to evaluate future volatility of the firm. Please confirm Flex Ltd Coefficient Of Variation of 1519.08, Mean Deviation of 0.8479 and Downside Deviation of 1.01 to check if risk estimate we provide are consistent with the epected return of 0.1484%. Flex Ltd has performance score of 9 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.0 which denotes to the fact that the returns on MARKET and Flex Ltd are completely uncorrelated. 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 0.1484% will be sustainable into the future. Flex Ltd right now shows a risk of 1.0222%. Please confirm Flex Ltd Value At Risk, and the relationship between Jensen Alpha and Skewness to decide if Flex Ltd will be following its price patterns.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.24 

Weak predictability

Flex Ltd has weak predictability. Overlapping area represents the amount of predictability between Flex Ltd time series from May 23, 2018 to June 7, 2018 and June 7, 2018 to June 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 0.24 indicates that over 24.0% of current Flex Ltd price fluctuation can be explain by its past prices.
Correlation Coefficient 0.24
Spearman Rank Test 0.62
Price Variance 0.02
Lagged Price Variance 0.01

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 Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - FLEX

Flex Ltd Investor Sentiment
Most of Macroaxis users are currently bullish on Flex Ltd. What is your opinion about investing in Flex Ltd? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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. Please also try Pair Correlation module to compare performance and examine historical correlation between any two equity instruments.