Hexagon Ab Adr Stock Market Value
| HXGBY Stock | USD 10.73 0.09 0.83% |
| 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.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Hexagon AB on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Hexagon AB ADR or generate 0.0% return on investment in Hexagon AB over 30 days. Hexagon AB is related to or competes with Genasys, Kraken Robotics, ESCO Technologies, Focus Universal, Sono Tek, Mesa Laboratories, and Mind Technology. 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 ADR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.0 | |||
| Information Ratio | 0.0464 | |||
| Maximum Drawdown | 11.91 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 3.05 |
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 | 0.082 | |||
| Jensen Alpha | 0.1685 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0523 | |||
| Treynor Ratio | 0.6713 |
Hexagon AB ADR Backtested Returns
Hexagon AB appears to be not too volatile, given 3 months investment horizon. Hexagon AB ADR holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Hexagon AB ADR, which you can use to evaluate the volatility of the firm. Please utilize Hexagon AB's Downside Deviation of 2.0, risk adjusted performance of 0.082, and Market Risk Adjusted Performance of 0.6813 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hexagon AB holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Hexagon AB's returns are expected to increase less than the market. However, during the bear market, the loss of holding Hexagon AB is expected to be smaller as well. Please check Hexagon AB's downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to make a quick decision on whether Hexagon AB's current trending patterns will revert.
Auto-correlation | 0.40 |
Average predictability
Hexagon AB ADR has average predictability. Overlapping area represents the amount of predictability between Hexagon AB time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. 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 ADR price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Hexagon AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Hexagon AB ADR 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 ADR.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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.