HEXAGON AB (Germany) Market Value
| HXGC Stock | EUR 10.30 0.10 0.98% |
| 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 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 HEXAGON AB.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in HEXAGON AB on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding HEXAGON AB ADR1 or generate 0.0% return on investment in HEXAGON AB over 90 days. HEXAGON AB is related to or competes with Keyence, Keysight Technologies, Fortive, Teledyne Technologies, Trimble, and Cognex. 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 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 HEXAGON AB ADR1 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | 0.1534 | |||
| Maximum Drawdown | 11.45 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 3.83 |
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 | 0.0929 | |||
| Jensen Alpha | 0.1692 | |||
| Total Risk Alpha | 0.4131 | |||
| Sortino Ratio | 0.1338 | |||
| Treynor Ratio | (2.10) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HEXAGON AB's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
HEXAGON AB ADR1 Backtested Returns
HEXAGON AB appears to be not too volatile, given 3 months investment horizon. HEXAGON AB ADR1 holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12 % return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for HEXAGON AB ADR1, which you can use to evaluate the volatility of the firm. Please utilize HEXAGON AB's risk adjusted performance of 0.0929, and Market Risk Adjusted Performance of (2.09) 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 9. The company retains a Market Volatility (i.e., Beta) of -0.0848, 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. Please check HEXAGON AB's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether HEXAGON AB's current trending patterns will revert.
Auto-correlation | -0.59 |
Good reverse predictability
HEXAGON AB ADR1 has good reverse predictability. Overlapping area represents the amount of predictability between HEXAGON AB time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 HEXAGON AB ADR1 price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current HEXAGON AB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
HEXAGON AB ADR1 lagged returns against current returns
Autocorrelation, which is HEXAGON AB 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 HEXAGON AB's stock 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 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 |
| 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HEXAGON AB stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HEXAGON AB stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in HEXAGON AB ADR1.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in HEXAGON Stock
HEXAGON AB 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 AB security.