Flex LNG Stock Forecast - Naive Prediction

FLNGO Stock  NOK 250.00  4.40  1.79%   
The Naive Prediction forecasted value of Flex LNG on the next trading day is expected to be 229.09 with a mean absolute deviation of 5.24 and the sum of the absolute errors of 325.12. Flex Stock Forecast is based on your current time horizon.
  
A naive forecasting model for Flex LNG is a special case of the moving average forecasting where the number of periods used for smoothing is one. Therefore, the forecast of Flex LNG value for a given trading day is simply the observed value for the previous period. Due to the simplistic nature of the naive forecasting model, it can only be used to forecast up to one period.

Flex LNG Naive Prediction Price Forecast For the 14th of December 2024

Given 90 days horizon, the Naive Prediction forecasted value of Flex LNG on the next trading day is expected to be 229.09 with a mean absolute deviation of 5.24, mean absolute percentage error of 41.60, and the sum of the absolute errors of 325.12.
Please note that although there have been many attempts to predict Flex Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Flex LNG's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Flex LNG Stock Forecast Pattern

Backtest Flex LNGFlex LNG Price PredictionBuy or Sell Advice 

Flex LNG Forecasted Value

In the context of forecasting Flex LNG's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Flex LNG's downside and upside margins for the forecasting period are 227.43 and 230.75, respectively. We have considered Flex LNG's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
250.00
227.43
Downside
229.09
Expected Value
230.75
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Naive Prediction forecasting method's relative quality and the estimations of the prediction error of Flex LNG stock data series using in forecasting. Note that when a statistical model is used to represent Flex LNG stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria123.6765
BiasArithmetic mean of the errors None
MADMean absolute deviation5.2438
MAPEMean absolute percentage error0.0195
SAESum of the absolute errors325.1153
This model is not at all useful as a medium-long range forecasting tool of Flex LNG. This model is simplistic and is included partly for completeness and partly because of its simplicity. It is unlikely that you'll want to use this model directly to predict Flex LNG. Instead, consider using either the moving average model or the more general weighted moving average model with a higher (i.e., greater than 1) number of periods, and possibly a different set of weights.

Predictive Modules for Flex LNG

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Flex LNG. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
248.34250.00251.66
Details
Intrinsic
Valuation
LowRealHigh
233.34235.00275.00
Details
Bollinger
Band Projection (param)
LowMiddleHigh
246.91267.01287.10
Details

Other Forecasting Options for Flex LNG

For every potential investor in Flex, whether a beginner or expert, Flex LNG's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Flex Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Flex. Basic forecasting techniques help filter out the noise by identifying Flex LNG's price trends.

Flex LNG Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Flex LNG stock to make a market-neutral strategy. Peer analysis of Flex LNG could also be used in its relative valuation, which is a method of valuing Flex LNG by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Flex LNG Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Flex LNG's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Flex LNG's current price.

Flex LNG Market Strength Events

Market strength indicators help investors to evaluate how Flex LNG stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Flex LNG shares will generate the highest return on investment. By undertsting and applying Flex LNG stock market strength indicators, traders can identify Flex LNG entry and exit signals to maximize returns.

Flex LNG Risk Indicators

The analysis of Flex LNG's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Flex LNG's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting flex stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional 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.