Hexagon Ab Stock Market Value
| HXGBF Stock | USD 8.42 0.01 0.12% |
| Symbol | Hexagon |
Hexagon AB 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Hexagon AB's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Hexagon AB.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Hexagon AB on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Hexagon AB or generate 0.0% return on investment in Hexagon AB over 270 days. Hexagon AB is related to or competes with Fortive Corp, Keysight Technologies, Cognex, Teledyne Technologies, and Trimble. Hexagon AB provides information technology solutions for geospatial and industrial applications worldwide More
Hexagon AB Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Hexagon AB's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Hexagon AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 21.15 | |||
| Value At Risk | (6.72) | |||
| Potential Upside | 3.59 |
Hexagon AB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hexagon AB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hexagon AB's standard deviation. In reality, there are many statistical measures that can use Hexagon AB historical prices to predict the future Hexagon AB's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | 0.7799 |
Hexagon AB Backtested Returns
Hexagon AB holds Efficiency (Sharpe) Ratio of -0.1, which attests that the entity had a -0.1% return per unit of risk over the last 3 months. Hexagon AB exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hexagon AB's Standard Deviation of 2.92, risk adjusted performance of (0.05), and Market Risk Adjusted Performance of 0.7899 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Hexagon AB are expected to decrease at a much lower rate. During the bear market, Hexagon AB is likely to outperform the market. At this point, Hexagon AB has a negative expected return of -0.29%. Please make sure to check out Hexagon AB's kurtosis, as well as the relationship between the day median price and period momentum indicator , to decide if Hexagon AB performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.41 |
Average predictability
Hexagon AB has average predictability. Overlapping area represents the amount of predictability between Hexagon AB time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Hexagon AB price movement. The serial correlation of 0.41 indicates that just about 41.0% of current Hexagon AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Hexagon AB lagged returns against current returns
Autocorrelation, which is Hexagon AB pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Hexagon AB's pink sheet expected returns. We can calculate the autocorrelation of Hexagon AB returns to help us make a trade decision. For example, suppose you find that Hexagon AB has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Hexagon AB regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Hexagon AB pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hexagon AB pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hexagon AB pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Hexagon AB Lagged Returns
When evaluating Hexagon AB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hexagon AB pink sheet have on its future price. Hexagon AB autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Hexagon AB autocorrelation shows the relationship between Hexagon AB pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Hexagon AB.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Hexagon Pink Sheet
Hexagon AB financial ratios help investors to determine whether Hexagon Pink Sheet 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 AB security.