Hexagon Composites (Norway) Price on October 23, 2024
| HEX Stock | NOK 42.30 0.05 0.12% |
If you're considering investing in Hexagon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Hexagon Composites stands at 42.30, as last reported on the 30th of November, with the highest price reaching 42.75 and the lowest price hitting 42.00 during the day. As of now, Hexagon Stock is very steady. Hexagon Composites ASA holds Efficiency (Sharpe) Ratio of 0.0391, which attests that the entity had a 0.0391% return per unit of risk over the last 3 months. We have found thirty technical indicators for Hexagon Composites ASA, which you can use to evaluate the volatility of the firm. Please check out Hexagon Composites' Risk Adjusted Performance of 0.0375, market risk adjusted performance of (0.85), and Downside Deviation of 2.25 to validate if the risk estimate we provide is consistent with the expected return of 0.12%.
Hexagon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Hexagon |
Sharpe Ratio = 0.0391
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Estimated Market Risk
| 3.18 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Hexagon Composites is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Hexagon Composites by adding it to a well-diversified portfolio.
Hexagon Composites Valuation on October 23, 2024
It is possible to determine the worth of Hexagon Composites on a given historical date. On October 23, 2024 Hexagon was worth 38.95 at the beginning of the trading date compared to the closed value of 38.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hexagon Composites stock. Still, in general, we apply an absolute valuation method to find Hexagon Composites' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Hexagon Composites where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hexagon Composites' related companies.
| Open | High | Low | Close | Volume | |
| 38.35 | 39.35 | 38.15 | 39.20 | 162,247 | |
10/23/2024 | 38.95 | 39.20 | 38.35 | 38.40 | 286,311 |
| 38.25 | 38.85 | 38.20 | 38.50 | 360,139 |
| Backtest Hexagon Composites | | | Hexagon Composites History | | | Hexagon Composites Valuation | Previous | Next |
Hexagon Composites Trading Date Momentum on October 23, 2024
| On October 24 2024 Hexagon Composites ASA was traded for 38.50 at the closing time. The maximum traded price for the trading interval was 38.85 and the lowest daily price was 38.20 . The daily volume was recorded at 360.1 K. The volume of trading on 24th of October 2024 played a part in the next trading day price upswing. The trading delta at closing time to the next closing price was 0.26% . The trading delta at closing time to the closing price today is 8.33% . |
Hexagon Composites ASA Fundamentals Correlations and Trends
By evaluating Hexagon Composites' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Hexagon Composites' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Hexagon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Hexagon Composites Stock history
Hexagon Composites investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Hexagon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Hexagon Composites ASA will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Hexagon Composites stock prices may prove useful in developing a viable investing in Hexagon Composites
Hexagon Composites ASA, together with its subsidiaries, designs, develops, manufactures, and sells composite pressure cylinders for mobility, industrial, and consumer applications in Europe, North America, South-East Asia, the Middle East, and internationally. It also manufactures low-pressure composite cylinders for propane gas. HEXAGON COMPOSITES operates under Diversified Industrials classification in Norway and is traded on Oslo Stock Exchange. It employs 920 people.
Hexagon Composites Stock Technical Analysis
Hexagon Composites 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.
Price Boundaries
Hexagon Composites Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Hexagon Composites ASA cannot be verified against its exchange. Please verify the symbol is currently traded on Oslo Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Hexagon Composites November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Hexagon Composites stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hexagon Composites shares will generate the highest return on investment. By undertsting and applying Hexagon Composites stock market strength indicators, traders can identify Hexagon Composites ASA entry and exit signals to maximize returns
Hexagon Composites Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Hexagon Composites' price direction in advance. Along with the technical and fundamental analysis of Hexagon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Hexagon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0375 | |||
| Jensen Alpha | 0.1313 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.86) |
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Other Information on Investing in Hexagon Stock
Hexagon Composites financial ratios help investors to determine whether Hexagon Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hexagon with respect to the benefits of owning Hexagon Composites security.