Flex Ltd (FLEX)
Flex Ltd. provides design, engineering, manufacturing and supply chain services and solutions to OEMs in Asia, the Americas and Europe. The company is headquartered in Singapore.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 85.70% per annum.
- FLEX price at the close of February 3, 2025 was $40.50 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 52.02% per annum.
- FLEX price at the close of February 3, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of FLEX price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: June 10, 2022
End date: February 3, 2025
a = 0.6290
b = 0.0017
s = 0.1268
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 85.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1268) – 1
= 66.09%
June 10, 2022 calculations
Top border of price channel:
Exp(Y593)
= Exp(a + b × X593 + 2 × s)
= Exp(a + b × 857 + 2 × s)
= Exp(0.6290 + 0.0017 × 857 + 2 × 0.1268)
= Exp(2.3361)
= $10.34
Bottom border of price channel:
Exp(Y593)
= Exp(a + b × X593 – 2 × s)
= Exp(a + b × 857 – 2 × s)
= Exp(0.6290 + 0.0017 × 857 – 2 × 0.1268)
= Exp(1.8287)
= $6.23
February 3, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(0.6290 + 0.0017 × 1,826 + 2 × 0.1268)
= Exp(3.9794)
= $53.48
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(0.6290 + 0.0017 × 1,826 – 2 × 0.1268)
= Exp(3.4720)
= $32.20
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 85.70% per annum.
- FLEX price at the close of February 3, 2025 was $40.50 and was inside the primary price channel.
Secondary Trend
Start date: February 8, 2024
End date: February 3, 2025
a = 1.5925
b = 0.0011
s = 0.0595
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0011) – 1
= 52.02%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0595) – 1
= 26.87%
February 8, 2024 calculations
Top border of price channel:
Exp(Y1,010)
= Exp(a + b × X1,010 + 2 × s)
= Exp(a + b × 1,465 + 2 × s)
= Exp(1.5925 + 0.0011 × 1,465 + 2 × 0.0595)
= Exp(3.3925)
= $29.74
Bottom border of price channel:
Exp(Y1,010)
= Exp(a + b × X1,010 – 2 × s)
= Exp(a + b × 1,465 – 2 × s)
= Exp(1.5925 + 0.0011 × 1,465 – 2 × 0.0595)
= Exp(3.1545)
= $23.44
February 3, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(1.5925 + 0.0011 × 1,826 + 2 × 0.0595)
= Exp(3.8068)
= $45.01
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(1.5925 + 0.0011 × 1,826 – 2 × 0.0595)
= Exp(3.5688)
= $35.47
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 52.02% per annum.
- FLEX price at the close of February 3, 2025 was inside the secondary price channel.