Flex Ltd Backtesting

FLEX -- USA Stock  

USD 7.83  0.03  0.38%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Flex Ltd 'What if' Analysis

October 15, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 14, 2018
0.00
If you would invest  0.00  in Flex Ltd on October 15, 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 60 days. Flex Ltd is related to or competes with Eltek Ltd, Benchmark Electronics, Celestica, IEC Electronics, Jabil, and Plexus Corp. Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment man...

Flex Ltd Upside/Downside Indicators

Information Ratio(0.11)
Maximum Drawdown38.86
Value At Risk(5.07)
Potential Upside3.85
  

Flex Ltd Market Premium Indicators

Risk Adjusted Performance(0.14)
Jensen Alpha(0.75)
Total Risk Alpha(0.53)
Treynor Ratio1.93

Flex Ltd Backtested Returns

Macroaxis considers Flex Ltd to be unusually risky. Flex Ltd secures Sharpe Ratio (or Efficiency) of -0.1191 which denotes Flex Ltd had -0.1191% of return per unit of risk over the last 2 months. 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-eight 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 (842.34) and Mean Deviation of 2.98 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 -0.3815 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.. 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-eight different technical indicators which can help you to evaluate its performance. Flex Ltd has expected return of -0.7392%. Please be advised to confirm Flex Ltd Value At Risk, and the relationship between Jensen Alpha and Skewness to decide if Flex Ltd past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.41) 
correlation synergy

Modest reverse predictability

Flex Ltd has modest reverse predictability. Overlapping area represents the amount of predictability between Flex Ltd time series from October 15, 2018 to November 14, 2018 and November 14, 2018 to December 14, 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 -0.41 indicates that just about 41.0% 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-0.41
Spearman Rank Test-0.3
Residual Average0.0
Price Variance0.07

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 World Markets Correlation module to find global opportunities by holding instruments from different markets.
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