Flex Lng Stock Market Value
| FLNG Stock | USD 25.96 0.16 0.62% |
| Symbol | FLEX |
FLEX LNG Price To Book Ratio
Is FLEX LNG's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of FLEX LNG. If investors know FLEX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about FLEX LNG listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.55) | Dividend Share 3 | Earnings Share 2.22 | Revenue Per Share 6.909 | Quarterly Revenue Growth (0.01) |
The market value of FLEX LNG is measured differently than its book value, which is the value of FLEX that is recorded on the company's balance sheet. Investors also form their own opinion of FLEX LNG's value that differs from its market value or its book value, called intrinsic value, which is FLEX LNG's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because FLEX LNG's market value can be influenced by many factors that don't directly affect FLEX LNG's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between FLEX LNG's value and its price as these two are different measures arrived at by different means. Investors typically determine if FLEX LNG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FLEX LNG's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
FLEX LNG 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to FLEX LNG's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of FLEX LNG.
| 03/01/2023 |
| 04/24/2024 |
If you would invest 0.00 in FLEX LNG on March 1, 2023 and sell it all today you would earn a total of 0.00 from holding FLEX LNG or generate 0.0% return on investment in FLEX LNG over 420 days. FLEX LNG is related to or competes with Pyxis Tankers, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas worldwide More
FLEX LNG Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure FLEX LNG's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess FLEX LNG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 7.54 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 1.86 |
FLEX LNG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for FLEX LNG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as FLEX LNG's standard deviation. In reality, there are many statistical measures that can use FLEX LNG historical prices to predict the future FLEX LNG's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FLEX LNG's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
FLEX LNG Backtested Returns
FLEX LNG secures Sharpe Ratio (or Efficiency) of -0.14, which denotes the company had a -0.14% return per unit of return volatility over the last 3 months. FLEX LNG exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm FLEX LNG's standard deviation of 1.4, and Mean Deviation of 1.01 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.44, which means possible diversification benefits within a given portfolio. As returns on the market increase, FLEX LNG's returns are expected to increase less than the market. However, during the bear market, the loss of holding FLEX LNG is expected to be smaller as well. FLEX LNG has an expected return of -0.2%. Please make sure to confirm FLEX LNG potential upside, and the relationship between the jensen alpha and daily balance of power , to decide if FLEX LNG performance from the past will be repeated in the future.
Auto-correlation | 0.15 |
Insignificant predictability
FLEX LNG has insignificant predictability. Overlapping area represents the amount of predictability between FLEX LNG time series from 1st of March 2023 to 27th of September 2023 and 27th of September 2023 to 24th of April 2024. 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 LNG price movement. The serial correlation of 0.15 indicates that less than 15.0% of current FLEX LNG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 2.93 |
FLEX LNG lagged returns against current returns
Autocorrelation, which is FLEX LNG stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting FLEX LNG's stock expected returns. We can calculate the autocorrelation of FLEX LNG returns to help us make a trade decision. For example, suppose you find that FLEX LNG has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
FLEX LNG regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If FLEX LNG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if FLEX LNG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in FLEX LNG stock over time.
Current vs Lagged Prices |
| Timeline |
FLEX LNG Lagged Returns
When evaluating FLEX LNG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of FLEX LNG stock have on its future price. FLEX LNG autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, FLEX LNG autocorrelation shows the relationship between FLEX LNG stock current value and its past values and can show if there is a momentum factor associated with investing in FLEX LNG.
Regressed Prices |
| Timeline |
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Complementary Tools for FLEX Stock analysis
When running FLEX LNG's price analysis, check to measure FLEX LNG's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FLEX LNG is operating at the current time. Most of FLEX LNG's value examination focuses on studying past and present price action to predict the probability of FLEX LNG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FLEX LNG's price. Additionally, you may evaluate how the addition of FLEX LNG to your portfolios can decrease your overall portfolio volatility.
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FLEX LNG technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.