Given a simple regular graph of degree $d$ on $n$ vertices.
Assume an ordering of vertices and assume all orientations of edges is from $i$ to $j$ if edges $ij$ exists and $i<j$. Pick $m$ random edges and flip their orientation. For every simple closed path $p$ denote $\sigma(p)$ by difference in number of edges with orientation $i$ to $j$ with $i<j$ and number of edges with orientation $i$ to $j$ with $i>j$.
What is the probability that if we pick a random simple closed path $p$ then $\sigma(p)\bmod 2\equiv0$? How many such simple closed path can we expect?
At least can we tell anything about this when graph is complete?