Troax Group (Sweden) Today

TROAX Stock  SEK 246.20  0.40  0.16%   

Performance

0 of 100

 
Low
 
High
Very Weak

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
Troax Group is selling for under 246.20 as of the 29th of March 2024; that is -0.16 percent decrease since the beginning of the trading day. The stock's lowest day price was 244.4. Troax Group has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Troax Group AB are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Troax Group AB , through its subsidiaries, produces and sells mesh panels in the Nordic region, the United Kingdom, North America, Continental Europe, and internationally. Troax Group AB was founded in 1955 and is headquartered in Hillerstorp, Sweden. The company has 59.87 M outstanding shares. More on Troax Group AB
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

Troax Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Troax Group's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Troax Group or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Deputy CEO, CFOOla Osterberg
Business ConcentrationIndustrials, Machinery, Specialty Industrial Machinery, Industrials (View all Sectors)
Troax Group AB (TROAX) is traded on Stockholm Exchange in Sweden and employs 19 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 14.19 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Troax Group's market, we take the total number of its shares issued and multiply it by Troax Group's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Troax Group AB operates under Machinery sector and is part of Industrials industry. The entity has 59.87 M outstanding shares. Troax Group AB has accumulated about 35.19 M in cash with 32.17 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.38.
Check Troax Group Probability Of Bankruptcy
Ownership Allocation
Troax Group AB shows a total of 59.87 Million outstanding shares. The majority of Troax Group AB outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Troax Group to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Troax Group AB. Please pay attention to any change in the institutional holdings of Troax Group AB as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Troax Ownership Details

Troax Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Troax Group jumping above the current price in 90 days from now is nearly 4.05%. The Troax Group AB probability density function shows the probability of Troax Group stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Troax Group has a beta of 0.2684. This usually implies as returns on the market go up, Troax Group average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Troax Group AB will be expected to be much smaller as well. Additionally, troax Group AB has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 246.2HorizonTargetOdds Above 246.2
95.89%90 days
 246.20 
4.05%
Based on a normal probability distribution, the odds of Troax Group to move above the current price in 90 days from now is nearly 4.05 (This Troax Group AB probability density function shows the probability of Troax Stock to fall within a particular range of prices over 90 days) .

Troax Group AB Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Troax Group market risk premium is the additional return an investor will receive from holding Troax Group long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Troax Group. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Troax Group's alpha and beta are two of the key measurements used to evaluate Troax Group's performance over the market, the standard measures of volatility play an important role as well.

Troax Stock Against Markets

Picking the right benchmark for Troax Group stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Troax Group stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Troax Group is critical whether you are bullish or bearish towards Troax Group AB at a given time. Please also check how Troax Group's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Troax Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Global Correlations Now

   

Global Correlations

Find global opportunities by holding instruments from different markets
All  Next Launch Module

Troax Group Corporate Directors

Troax Group corporate directors refer to members of a Troax Group board of directors. The board of directors generally takes responsibility for the Troax Group's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Troax Group's board members must vote for the resolution. The Troax Group board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Troax Stock?

Before investing in Troax Group, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Troax Group. To buy Troax Group stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Troax Group. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Troax Group stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Troax Group AB stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Troax Group AB stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Troax Group AB, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Troax Group AB?

The danger of trading Troax Group AB is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Troax Group is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Troax Group. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Troax Group AB is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Troax Group AB. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for Troax Stock analysis

When running Troax Group's price analysis, check to measure Troax 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 Troax Group is operating at the current time. Most of Troax Group's value examination focuses on studying past and present price action to predict the probability of Troax 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 Troax Group's price. Additionally, you may evaluate how the addition of Troax Group to your portfolios can decrease your overall portfolio volatility.
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Global Correlations
Find global opportunities by holding instruments from different markets
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
Bonds Directory
Find actively traded corporate debentures issued by US companies
Please note, there is a significant difference between Troax Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Troax Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Troax Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.