Hexatronic Group (Sweden) Market Value
| HTRO Stock | SEK 29.83 0.77 2.65% |
| Symbol | Hexatronic |
Hexatronic Group '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 Hexatronic Group's stock 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 Hexatronic Group.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Hexatronic Group on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Hexatronic Group AB or generate 0.0% return on investment in Hexatronic Group over 90 days. Hexatronic Group is related to or competes with SBB-B, Sinch AB, Embracer Group, Evolution, and NIBE Industrier. Hexatronic Group AB , together with its subsidiaries, provides fiber optic products and solutions in Sweden and internat... More
Hexatronic Group 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 Hexatronic Group's stock 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 Hexatronic Group AB upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 21.88 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 5.54 |
Hexatronic Group Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hexatronic Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hexatronic Group's standard deviation. In reality, there are many statistical measures that can use Hexatronic Group historical prices to predict the future Hexatronic Group's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | 0.156 | |||
| Treynor Ratio | (0.26) |
Hexatronic Group Backtested Returns
Hexatronic Group holds Efficiency (Sharpe) Ratio of -0.0515, which attests that the entity had a -0.0515 % return per unit of risk over the last 3 months. Hexatronic Group exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hexatronic Group's Market Risk Adjusted Performance of (0.25), standard deviation of 3.35, and Risk Adjusted Performance of (0.06) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.01, which attests to a somewhat significant risk relative to the market. Hexatronic Group returns are very sensitive to returns on the market. As the market goes up or down, Hexatronic Group is expected to follow. At this point, Hexatronic Group has a negative expected return of -0.18%. Please make sure to check out Hexatronic Group's kurtosis, daily balance of power, and the relationship between the skewness and accumulation distribution , to decide if Hexatronic Group performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Hexatronic Group AB has virtually no predictability. Overlapping area represents the amount of predictability between Hexatronic Group time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 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 Hexatronic Group price movement. The serial correlation of 0.01 indicates that just 1.0% of current Hexatronic Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 7.43 |
Hexatronic Group lagged returns against current returns
Autocorrelation, which is Hexatronic Group stock'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 Hexatronic Group's stock expected returns. We can calculate the autocorrelation of Hexatronic Group returns to help us make a trade decision. For example, suppose you find that Hexatronic Group has exhibited high autocorrelation historically, and you observe that the stock 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 |
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Hexatronic Group 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 Hexatronic Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hexatronic Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hexatronic Group stock over time.
Current vs Lagged Prices |
| Timeline |
Hexatronic Group Lagged Returns
When evaluating Hexatronic Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hexatronic Group stock have on its future price. Hexatronic Group 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, Hexatronic Group autocorrelation shows the relationship between Hexatronic Group stock current value and its past values and can show if there is a momentum factor associated with investing in Hexatronic Group AB.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Hexatronic Stock Analysis
When running Hexatronic Group's price analysis, check to measure Hexatronic Group'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 Hexatronic Group is operating at the current time. Most of Hexatronic Group's value examination focuses on studying past and present price action to predict the probability of Hexatronic Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hexatronic Group's price. Additionally, you may evaluate how the addition of Hexatronic Group to your portfolios can decrease your overall portfolio volatility.