Hexagon Ab Adr Stock Price on November 8, 2024

HXGBY Stock  USD 8.47  0.18  2.17%   
If you're considering investing in Hexagon Pink Sheet, it is important to understand the factors that can impact its price. As of today, the current price of Hexagon AB stands at 8.47, as last reported on the 2nd of December, with the highest price reaching 8.48 and the lowest price hitting 8.37 during the day. Hexagon AB ADR holds Efficiency (Sharpe) Ratio of -0.12, which attests that the entity had a -0.12% return per unit of risk over the last 3 months. Hexagon AB ADR exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hexagon AB's Market Risk Adjusted Performance of (0.31), risk adjusted performance of (0.09), and Standard Deviation of 1.96 to validate the risk estimate we provide.
  
Hexagon Pink Sheet price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1156

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Estimated Market Risk

 1.96
  actual daily
17
83% of assets are more volatile

Expected Return

 -0.23
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.12
  actual daily
0
Most of other assets perform better
Based on monthly moving average Hexagon AB is not performing at its full potential. However, 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 AB by adding Hexagon AB to a well-diversified portfolio.

Related Headline

Coherent Headline on 8th of November 2024

As the U.S. stock market continues to rally following the recent election, with major indices like the SP 500 and Nasdaq reaching record highs, investors are keenly observing opportunities that may arise from these buoyant conditions. In this environment of optimism fueled by a Federal Reserve rate cut, identifying stocks that might be priced below their estimated value becomes crucial for those looking to capitalize on potential growth while maintaining a balanced investment approach.

Hexagon AB Valuation on November 8, 2024

It is possible to determine the worth of Hexagon AB on a given historical date. On November 8, 2024 Hexagon was worth 9.4 at the beginning of the trading date compared to the closed value of 9.36. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Hexagon AB pink sheet. Still, in general, we apply an absolute valuation method to find Hexagon AB's 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 AB where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Hexagon AB's related companies.
 Open High Low Close Volume
  9.80    9.84    9.74    9.84    153,300  
11/08/2024
  9.40    9.40    9.29    9.36    157,800  
  9.07    9.08    9.04    9.04    3,295  
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Open Value
9.4
9.36
Closing Value
15.27
Upside

Hexagon AB Trading Date Momentum on November 8, 2024

On November 11 2024 Hexagon AB ADR was traded for  9.04  at the closing time. The highest daily price throughout the period was 9.08  and the lowest price was  9.04 . The daily volume was 3.3 K. The net trading volume on 11/11/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 3.42% . The trading delta at closing time to current closing price is 9.62% .

Hexagon AB ADR Fundamentals Correlations and Trends

By evaluating Hexagon AB's 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 AB's 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 AB Pink Sheet history

Hexagon AB 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 AB ADR 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 AB stock prices may prove useful in developing a viable investing in Hexagon AB
Hexagon AB provides information technology solutions for geospatial and industrial applications worldwide. Hexagon AB was incorporated in 1975 and is headquartered in Stockholm, Sweden. Hexagon Ab operates under Scientific Technical Instruments classification in the United States and is traded on OTC Exchange. It employs 23245 people.

Hexagon AB Pink Sheet Technical Analysis

Hexagon AB technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Hexagon AB technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hexagon AB 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...

Price Boundaries

Hexagon AB Period Price Range

Low
December 2, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Hexagon AB ADR cannot be verified against its exchange. Please verify the symbol is currently traded on PINK 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 AB December 2, 2024 Market Strength

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

Hexagon AB Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Hexagon AB's price direction in advance. Along with the technical and fundamental analysis of Hexagon Pink Sheet 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.

Additional Tools for Hexagon Pink Sheet Analysis

When running Hexagon AB's price analysis, check to measure Hexagon AB'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 Hexagon AB is operating at the current time. Most of Hexagon AB's value examination focuses on studying past and present price action to predict the probability of Hexagon AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hexagon AB's price. Additionally, you may evaluate how the addition of Hexagon AB to your portfolios can decrease your overall portfolio volatility.