| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 10Developing evidence | 100.0% (10/10) | 50.0% (5/10) | -0.2% | +0.2% | -12.0% |
| 20D | 10Developing evidence | 100.0% (10/10) | 30.0% (3/10) | -17.8% | -3.3% | -26.4% |
| 60D | 10Developing evidence | 100.0% (10/10) | 0.0% (0/10) | -8.6% | -11.3% | -48.5% |
| 120D | 10Developing evidence | 100.0% (10/10) | 0.0% (0/10) | -78.6% | -73.8% | -85.0% |
COMPANY RESEARCH
Circus SE
CA1.DE · Germany · Industrials · Specialty Industrial Machinery
INSIDER SIGNAL
Insider activity score：30.6 / 100
1 insiders · 1 purchase events · €502 net purchases
Europe #1421 · Germany #138
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
Cluster+10.5 / 35
How many distinct insiders bought in the cluster
Purchase size+10.1 / 25
Purchase value relative to company size and liquidity
Role+20.0 / 20
The seniority and relevance of participating insiders
Recency+0.0 / 10
How recently the purchases occurred
Conviction+10.0 / 10
How clearly buying stands out from other activity
What is holding the score back?
- ⚠ Buyer breadth is moderate · fewer than 4 distinct filers
- ⚠ Purchase size is modest relative to the model scale
- ⚠ Purchase activity is becoming less recent
- ✓ Strong insider role · ceo/chair involved
The role contribution uses the inverted role input of the current European model.
Buying concentration
100%
Largest buyer：Jan-Christian Heins · 502 EUR
Gross qualified purchase transaction-line value：502 EUR
The headline € total is net buying for the screen; this module uses gross qualified purchase transaction-line values in the filing currency, so the amounts can differ. The current 15-day buyer-breadth input counts distinct buyers; value concentration is disclosed separately here.
This is a ranking under the current European screening rules—not a probability of gain, return forecast, or buy recommendation.
Key purchase quotes (filing currency)
| Filer | Price per unit | Trade date |
|---|---|---|
| Jan-Christian Heins | 2.145 EUR | Jul 17, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 1 distinct reported filers
- Peak time window
- 2026-07-17 to 2026-07-17
- Current breadth input
- 0.300 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
Jan-Christian Heins · 502 EUR · Price 2.145 EUR · Jul 17, 2026
Insider vs stock price
1 purchase day(s), 1 purchase line(s) in the 180-day window.
Daily close (EUR)Day with an insider purchase
Markers sit on the closing price of the transaction day. They show when insiders traded, not the price they paid or received. "Since" compares that day's close with the last close shown; it is what happened at this company, not a forecast.
If you had followed the purchase
Each row starts on the first close on or after the day a purchase was made public, the earliest a reader could have acted, and ends on the last close shown above.
| Made public | Insiders | In this stock, now | In the median peer stock, now | Difference |
|---|---|---|---|---|
| 2026-07-20 | 1 | 799 −20.1% | 954 −4.6% | −155 −15.5 pts |
0 of 1 disclosure day(s) ended ahead of the median peer stock.
Close to close, before costs, taxes, dividends and currency moves. The peer is the median of the other stocks on the same exchange for which this site holds prices (89 here), not an index. This is what happened, not a forecast: across all purchases on this site the typical gap is close to zero.
Insider timeline
One insider bought, once (17 Jul). The share closed at 2.12 that day and at 1.59 most recently (−25.0%).
Tap an item for what it means.
●A purchase: the bigger the dot, the more was bought
Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount. None of this company's filings in the window states an amount, so every dot is the same size.
Blue line: this share's price, −80.8% over these six months
The closing price of each day, from 8.26 on 2026-04-21 to 1.59 on 2026-10-07. The line has no scale; read it for high and low: a dot on a low stretch was bought cheaply, a dot on a high stretch was not.
Dashed line: the typical stock on the same exchange, −5.3%
Taken from the 88 other stocks on the same exchange that this site holds prices for. Each is measured from the first day of the window, and every day the middle one is drawn. It starts where the blue line starts, so the gap between the two is the difference: this share −80.8%, the typical one −5.3%, 75.4 points behind. It is not an index and not a comparison within one industry.
▂Grey bars: companies across Europe disclosing purchases each week
A taller bar is a week in which more companies disclosed insider purchases.
This company: insiders buying per month, last 12 months
Nov
2Dec
1Jan
2Feb
1Mar
Apr
May
Jun
1Jul
Aug
Sep
Oct
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Jan-Christian Heins | CEO / chair | 1 | — | — | 2026-07-17 | −25.0% | fewer than 5 completed |
Why this score? · Model details
Priority = 100 × Σ(fixed weight × 0–1 rule-based input)
| Factor | Weight | This company input | Point contribution |
|---|---|---|---|
| 15-day buyer breadth (count) | 35% | 0.300 | 10.5 |
| Qualified-buy size | 25% | 0.403 | 10.1 |
| Role informativeness (inverted) | 20% | 0.000 | 0.0 |
| Recency | 10% | 0.002 | 0.0 |
| Buy/sell conviction | 10% | 1.000 | 10.0 |
This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.
BULL VS BEAR
Two readings of this buying
The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.
Since 2026-10-13: new on the bear side: latest purchase is old. All bull and bear lists, and what followed each line in the past →
Where the evidence comes from
The two kinds of evidence disagree: the purchases themselves carry bull lines (senior executive buying), while share price and trading argue against (price down over six months, price trails its sector). No data is held for: company actions.
- The insider purchases themselvesBullsenior executive buying Bearone buyer only, latest purchase is old, usual level for this company4 missing
- Share price and tradingBearprice down over six months, price trails its sector
- Short sellers1 checked, under the threshold
- Company results1 checked, under the threshold · 1 missing
- Company actionsno data held
Bull case · the buying is informative
- The buyers include the CEO or chair, who sees more of the business than most filers. This site's score gives little or no credit for that: in its backtests purchases by senior executives did no better than other insiders' purchases.Record: after 8,797 earlier disclosures like this, the median 60-session excess return was −3.1%, within 1 percentage point of all comparable disclosures (−3.2%).
Bear case · discount it
- Only one insider bought. A single purchase can reflect that person's own finances rather than a view on the company.Record: after 4,732 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−3.3%).
- The latest purchase was 92 days ago (2026-07-17). A reporting period has passed since, so what the buyers knew then may already be public.
- Buying at this level is normal here: 2 insiders bought in the previous 180 days and 1 in this one.Record: after 2,869 earlier disclosures like this, the median 60-session excess return was −2.6%, within 1 percentage point of all comparable disclosures (−2.7%).
- Share price and tradingThe share price is down 81% over six months (three months −66%, one month −28%) and stands 93% below its 52-week high. Insiders have bought into a fall the market has not reversed.Record (nearest stored case: price 20% or more below its prior 52-week high): after 11,077 earlier disclosures like this, the median 60-session excess return was −3.2%, within 1 percentage point of all comparable disclosures (−2.6%).
- Share price and tradingOver three months the share price changed −66% and the median of 462 Industrials companies changed −0.32%: 66 points behind. The market has marked this company down against its own sector.
Evidence still missing
- The recorded purchase value is under €1,000, which usually means a price or unit was not captured from the source. Check the amounts against the filing before weighing size.
- No buyer here has 5 or more completed earlier purchases on record, so there is no track record to weigh.
- Only one reading of profitability is held (profit margin <0.01%). Whether earnings and cash flow are rising or falling needs the last two reports side by side.
- European notifications have no field saying whether a purchase was pre-arranged; there is no counterpart to the US 10b5-1 box. The one purchase line does not mention a plan, but a bare “Kauf” does not rule one out.
- The filings give the size of each trade, not what the buyer already held. Whether a purchase added 1% to a personal stake or doubled it is not known.
Checked and under the threshold: 2
- BearThe register of Bundesanzeiger shows no published net short position in this company. Positions under 0.5% are never published, so this does not show that nobody is short.
- BearProfit margin on the latest captured figures is <0.01%. Counted for the bear side when negative.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Signal history
30.6 / 100
Latest recorded score
↓ -0.1 ptsversus the comparable snapshot on 2026-09-14 (34 calendar days apart)
- Recorded snapshots
- 35
- First snapshot
- 2026-08-26
Only scores captured when the scoring run completed are compared. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.
Why did it change?
Decomposition across the five score factors between comparable snapshots; historical scores are not recalculated.
- Recency-0.2 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 39.8
- 38.0
- 30.6
- 30.6
- 30.6
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-08-26 | 39.8 |
| 2026-08-27 | 39.8 |
| 2026-08-28 | 38.2 |
| 2026-08-31 | 38.1 |
| 2026-09-01 | 38.1 |
| 2026-09-02 | 38.1 |
| 2026-09-03 | 38.1 |
| 2026-09-04 | 38.0 |
| 2026-09-07 | 38.0 |
| 2026-09-08 | 37.9 |
| 2026-09-09 | 37.9 |
| 2026-09-10 | 37.1 |
| 2026-09-11 | 37.1 |
| 2026-09-14 | 30.7 |
| 2026-09-23 | 30.7 |
| 2026-09-24 | 30.7 |
| 2026-09-25 | 30.7 |
| 2026-09-28 | 30.6 |
| 2026-09-29 | 30.6 |
| 2026-09-30 | 30.6 |
| 2026-10-01 | 30.6 |
| 2026-10-02 | 30.6 |
| 2026-10-03 | 30.6 |
| 2026-10-04 | 30.6 |
| 2026-10-05 | 30.6 |
| 2026-10-06 | 30.6 |
| 2026-10-07 | 30.6 |
| 2026-10-08 | 30.6 |
| 2026-10-09 | 30.6 |
| 2026-10-12 | 30.6 |
| 2026-10-13 | 30.6 |
| 2026-10-14 | 30.6 |
| 2026-10-15 | 30.6 |
| 2026-10-16 | 30.6 |
| 2026-10-18 | 30.6 |
Sector context
- Buying breadth
- 7.5% (79 / 1,047 issuers)
- Sector rank
- #8 / 12
- 7D breadth change
- -0.3 pp · vs 2026-10-12 (6d)
- 30D breadth change
- History building
This is sector-level research context. It does not affect the Insider Signal or ranking.
Insider profile outcomes
Historical performance following insider filings. The company role is translated below each name while preserving the original title.
- Excess return = stock return − DAX return over the same period.
- Hit rate = completed events with positive excess return ÷ total completed events.
- Price coverage = valid point-in-time prices ÷ events mature enough for that period.
- Returns start on the first shared trading session on or after publication.
- Small-sample rule: n<5 is shown for transparency and is not scored.
Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 4Small sample | 100.0% (4/4) | 0.0% (0/4) | -4.5% | -5.0% | -7.0% |
| 20D | 4Small sample | 100.0% (4/4) | 25.0% (1/4) | -12.4% | -7.4% | -20.0% |
| 60D | 4Small sample | 100.0% (4/4) | 25.0% (1/4) | -8.7% | -15.6% | -48.5% |
| 120D | 3Small sample | 100.0% (3/3) | 0.0% (0/3) | -49.4% | -47.3% | -72.7% |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 101.3%
- Beta
- 0.85
- Avg daily volume
- €192,113.1
VALUATION
- Market cap
- €46.6M
- P/E
- —
FUNDAMENTALS
- Profit margin
- 0.0%
- ROE
- -117.4%
- Industry
- Specialty Industrial Machinery
Prices to 07 Oct 2026: price cache (Eulerpool). From OpenBB/yfinance, captured 28 Sep 2026: Market cap, Profit margin, ROE, Beta, Industry. It does not affect the insider score or rank.
Disclosed net short positions
The Bundesanzeiger register, read 18 Oct 2026, publishes no net short position of 0.5% or more in this issuer. Positions below 0.5% are never published, so this is not evidence that nobody is short.
Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.
Insiders' buying price vs the latest close
The latest close in the price history is more than a week old.
Buying size vs market trading
Market history is too old for this snapshot; ratios are withheld.
Market-data coverage: 255 verified sessions · Latest session: 2026-10-07 · Ratio status: Unavailable
Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.
Latest news
No news has been captured for this company.
Regulatory filings
- Insider filing announcement · published 2026-07-20 · trade date 2026-07-17
- Insider filing announcement · published 2026-03-17 · trade date 2026-03-17
- Insider filing announcement · published 2026-03-16 · trade date 2026-03-16
Unfold all 13 filings
- Insider filing announcement · published 2026-07-20 · trade date 2026-07-17
- Insider filing announcement · published 2026-03-17 · trade date 2026-03-17
- Insider filing announcement · published 2026-03-16 · trade date 2026-03-16
- Insider filing announcement · published 2026-03-13 · trade date 2026-03-13
- Insider filing announcement · published 2026-02-25 · trade date 2026-02-25
- Insider filing announcement · published 2026-02-05 · trade date 2026-02-05
- Insider filing announcement · published 2026-02-03 · trade date 2026-02-03
- Insider filing announcement · published 2026-02-02 · trade date 2026-02-02
- Insider filing announcement · published 2026-01-30 · trade date 2026-01-30
- Insider filing announcement · published 2026-01-30 · trade date 2026-01-29
- Insider filing announcement · published 2026-01-29 · trade date 2026-01-29
- Insider filing announcement · published 2025-12-10 · trade date 2025-12-10
- Insider filing announcement · published 2025-12-10 · trade date 2025-12-09
Filing evidence
These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.
Excluded transactions & classification
13 qualifying purchase disclosure(s) · 13 transaction line(s)
Jul 17, 2026Kauf
Jan-Christian Heins · Vorsitzender des Verwaltungsrates b) Erstmeldung
Aktie · 234 shares × 2,1450 EUR · 501,9300 EUR
Open filingMar 17, 2026Kauf
Nikolas Bullwinkel · Geschäftsführender Direktor und Mitglied des Verwaltungsrats b) Erstmeldung
Aktie · 1899 shares × 6,6000 EUR · 12.533,4000 EUR
Open filingMar 16, 2026Kauf
Nikolas Bullwinkel · Geschäftsführender Direktor und Mitglied des Verwaltungsrats b) Erstmeldung
Aktie · 1875 shares × 6,4600 EUR · 12.112,5000 EUR
Open filingUnfold all 10 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Reported value (local currency) | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-13 | 2026-03-13 | Nikolas Bullwinkel | Geschäftsführender Direktor und Mitglied des Verwaltungsrats b) Erstmeldung | Kauf | Aktie | 6,3600 EUR | EUR | 2411 | 15.333,9600 EUR | Open filing |
| 2026-02-25 | 2026-02-25 | Jan-Christian Heins | Vorsitzender des Verwaltungsrates b) Erstmeldung | Kauf | Aktie | 7,2600 EUR | EUR | 1388 | 10.076,8800 EUR | Open filing |
| 2026-02-05 | 2026-02-05 | Nikolas Bullwinkel | Geschäftsführender Direktor und Mitglied des Verwaltungsrats b) Erstmeldung | Kauf | Aktie | 9,2400 EUR | EUR | 838 | 7.743,1200 EUR | Open filing |
| 2026-02-03 | 2026-02-03 | Nikolas Bullwinkel | Geschäftsführender Direktor und Mitglied des Verwaltungsrats b) Erstmeldung | Kauf | Aktie | 9,2800 EUR | EUR | 1227 | 11.386,5600 EUR | Open filing |
| 2026-02-02 | 2026-02-02 | Nikolas Bullwinkel | Geschäftsführender Direktor und Mitglied des Verwaltungsrats b) Erstmeldung | Kauf | Aktie | 8,7800 EUR | EUR | 1138 | 9.991,6400 EUR | Open filing |
| 2026-01-30 | 2026-01-30 | Nikolas Bullwinkel | Geschäftsführender Direktor und Mitglied des Verwaltungsrats b) Erstmeldung | Kauf | Aktie | 9,3800 EUR | EUR | 1069 | 10.027,2200 EUR | Open filing |
| 2026-01-29 | 2026-01-30 | Nikolas Bullwinkel | Geschäftsführender Direktor und Mitglied des Verwaltungsrats b) Berichtigung Am 29.1.2026 meldeten wir einen Aktienkauf außerhalb eines Handelplatzes i.H.v. EUR 20.027,70. Es erfolgten aber drei Akti | Kauf | Aktie | 9,9000 EUR | EUR | 1010 | 9.999,0000 EUR | Open filing |
| 2026-01-29 | 2026-01-29 | Nikolas Bullwinkel | Geschäftsführender Direktor und Mitglied des Verwaltungsrats b) Erstmeldung | Kauf | Aktie | 9,9000 EUR | EUR | 2023 | 20.027,7000 EUR | Open filing |
| 2025-12-10 | 2025-12-10 | Nikolas Bullwinkel | Geschäftsführender Direktor und Mitglied des Verwaltungsrats b) Erstmeldung | Zeichnung von 40.983 Aktien im Rahmen einer Kapitalerhöhung | Aktie | 12,2000 EUR | EUR | 40982.2131 | 499.983,0000 EUR | Open filing |
| 2025-12-09 | 2025-12-10 | Jan-Christian Heins | Vorsitzender des Verwaltungsrates b) Erstmeldung | Kauf | Aktie | 12,5000 EUR | EUR | 806 | 10.075,0000 EUR | Open filing |
Showing 13 of 13 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level € aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Other disclosed transactions · excluded from score
The underlying filing feed is unavailable in this snapshot; this is not a claim that no filings exist.
Snapshot & identity
- Snapshot date
- 2026-10-18
- Ticker
- CA1.DE
- ISIN
- DE000A2YN355
- Sector
- Industrials
- Industry
- Specialty Industrial Machinery
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