Flight Centre (Australia) Market Value

FLT -  Australia Stock  

AUD 14.90  0.13  0.86%

Flight Centre's market value is the price at which a share of Flight Centre stock trades on a public exchange. It measures the collective expectations of Flight Centre Travel investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Flight Centre Travel and determine expected loss or profit from investing in Flight Centre over a given investment horizon. Please check Flight Centre Hype Analysis, Flight Centre Correlation, Flight Centre Valuation, Flight Centre Volatility, as well as analyze Flight Centre Alpha and Beta and Flight Centre Performance.
Symbol
Backtest

Please note, there is a significant difference between Flight Centre's value and its price as these two are different measures arrived at by different means. Investors typically determine Flight Centre value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Flight Centre'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.

Flight Centre '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 Flight Centre'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 Flight Centre.
0.00
04/27/2021
No Change 0.00  0.0 
In 3 months and 1 day
07/26/2021
0.00
If you would invest  0.00  in Flight Centre on April 27, 2021 and sell it all today you would earn a total of 0.00 from holding Flight Centre Travel or generate 0.0% return on investment in Flight Centre over 90 days. Flight Centre is related to or competes with Star Entertainment, Ale Property, Event Hospitality, Crown Resorts, and Corporate Travel. Flight Centre Travel Group Limited provides travel retailing services for the leisure, corporate, and wholesale travel s...

Flight Centre 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 Flight Centre'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 Flight Centre Travel upside and downside potential and time the market with a certain degree of confidence.

Flight Centre Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Flight Centre's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Flight Centre's standard deviation. In reality, there are many statistical measures that can use Flight Centre historical prices to predict the future Flight Centre's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Flight Centre'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. Please use the tools below to analyze the current value of Flight Centre in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
12.2614.9017.54
Details
Intrinsic
Valuation
LowReal ValueHigh
10.3312.9715.61
Details
Naive
Forecast
LowNext ValueHigh
12.5515.1917.83
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.3615.2316.09
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Flight Centre. Your research has to be compared to or analyzed against Flight Centre's peers to derive any actionable benefits. When done correctly, Flight Centre's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Flight Centre Travel.

Flight Centre Travel Backtested Returns

Flight Centre Travel secures Sharpe Ratio (or Efficiency) of -0.0914, which denotes the company had -0.0914% of return per unit of risk over the last 3 months. Macroaxis standpoint towards predicting the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Flight Centre Travel exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Flight Centre Travel coefficient of variation of (1,142), and Mean Deviation of 1.95 to check the risk estimate we provide.
The firm shows a Beta (market volatility) of 0.0864, which means not very significant fluctuations relative to the market. Let's try to break down what Flight's beta means in this case. As returns on the market increase, Flight Centre returns are expected to increase less than the market. However, during the bear market, the loss on holding Flight Centre will be expected to be smaller as well. Even though it is essential to pay attention to Flight Centre Travel historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards predicting any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Flight Centre Travel exposes twenty-one different technical indicators, which can help you to evaluate its performance. Flight Centre Travel has an expected return of -0.24%. Please be advised to confirm Flight Centre Travel downside deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Flight Centre Travel performance from the past will be repeated at some point in the near future.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.11)   

Insignificant reverse predictability

Flight Centre Travel has insignificant reverse predictability. Overlapping area represents the amount of predictability between Flight Centre time series from 27th of April 2021 to 11th of June 2021 and 11th of June 2021 to 26th of July 2021. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Flight Centre Travel price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Flight Centre price fluctuation can be explain by its past prices. Given that Flight Centre Travel has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Flight Centre for similar time interval.
Correlation Coefficient-0.11
Spearman Rank Test-0.06
Residual Average0.0
Price Variance0.2

Flight Centre Travel lagged returns against current returns

Autocorrelation, which is Flight Centre 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 Flight Centre's stock expected returns. We can calculate the autocorrelation of Flight Centre returns to help us make a trade decision. For example, suppose you find that Flight Centre stock 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 stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Flight Centre 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 Flight Centre stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Flight Centre stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Flight Centre stock over time.
 Current vs Lagged Prices 
Share
      Timeline 

Flight Centre Lagged Returns

When evaluating Flight Centre's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Flight Centre stock have on its future price. Flight Centre 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, Flight Centre autocorrelation shows the relationship between Flight Centre stock current value and its past values and can show if there is a momentum factor associated with investing in Flight Centre Travel.
 Regressed Prices 
Share
      Timeline 

Flight Centre Investors Sentiment

The influence of Flight Centre's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Flight. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - FLT

Flight Centre Travel Investor Sentiment

Most of Macroaxis users are currently bullish on Flight Centre Travel. What is your opinion about investing in Flight Centre Travel? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please check Flight Centre Hype Analysis, Flight Centre Correlation, Flight Centre Valuation, Flight Centre Volatility, as well as analyze Flight Centre Alpha and Beta and Flight Centre Performance. Note that the Flight Centre Travel information on this page should be used as a complementary analysis to other Flight Centre's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

Complementary Tools for Flight Stock analysis

When running Flight Centre Travel price analysis, check to measure Flight Centre'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 Flight Centre is operating at the current time. Most of Flight Centre's value examination focuses on studying past and present price action to predict the probability of Flight Centre's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Flight Centre's price. Additionally, you may evaluate how the addition of Flight Centre to your portfolios can decrease your overall portfolio volatility.
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Flight Centre 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.
A focus of Flight Centre technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Flight Centre trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...