| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 6Developing evidence | 100.0% (6/6) | 16.7% (1/6) | -0.1% | +1.2% | -1.9% |
| 20D | 6Developing evidence | 100.0% (6/6) | 16.7% (1/6) | -4.7% | +1.3% | -15.3% |
| 60D | 5Developing evidence | 100.0% (5/5) | 20.0% (1/5) | -25.3% | -24.0% | -45.2% |
| 120D | 4Small sample | 100.0% (4/4) | 75.0% (3/4) | +7.8% | -1.4% | -28.9% |
COMPANY RESEARCH
Aerowash AB (Publ)
AERW-B.ST · Sweden · Industrials · Aerospace & Defense
INSIDER SIGNAL
Insider activity score：51.8 / 100
3 insiders · 5 purchase events · €13k net purchases
Europe #576 · Sweden #151
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
Cluster+29.8 / 35
How many distinct insiders bought in the cluster
Purchase size+15.3 / 25
Purchase value relative to company size and liquidity
Role+20.0 / 20
The seniority and relevance of participating insiders
Recency+0.5 / 10
How recently the purchases occurred
Conviction+6.3 / 10
How clearly buying stands out from other activity
What is holding the score back?
- ⚠ Purchase activity is becoming less recent
- ⚠ Buying conviction is reduced by concurrent selling
- ✓ Broad buyer cluster · 4+ distinct filers
- ✓ Strong insider role · ceo/chair involved
The role contribution uses the inverted role input of the current European model.
Buying concentration
61%
Largest buyer：Joakim Adler · 243k SEK
Gross qualified purchase transaction-line value：401k SEK
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 |
|---|---|---|
| Per Johan Olof Lundquist | 1.249 SEK | Sep 3, 2026 |
| Joakim Adler | 1.36 SEK | Sep 1, 2026 |
| Joakim Adler | 2.29 SEK | Jul 6, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 3 distinct reported filers
- Peak time window
- 2026-08-31 to 2026-09-03
- Current breadth input
- 0.850 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
Per Johan Olof Lundquist · 50k SEK · Price 1.249 SEK · Sep 3, 2026 - 🟢 Eligible purchase
Joakim Adler · 82k SEK · Price 1.36 SEK · Sep 1, 2026 - 🟢 Large eligible purchase
Joakim Adler · 161k SEK · Price 2.29 SEK · Jul 6, 2026 - 🟡 2 remaining qualified transaction line(s) across 2 disclosure(s)
- 🔴 2 other transaction line(s) are not counted as discretionary-buying evidence; 0 have zero price
Insider vs stock price
4 purchase day(s), 5 purchase line(s) in the 180-day window. 2 sale day(s), 2 sale line(s).
Daily close (SEK)Day with an insider purchaseTwo or more insiders the same dayDay with an insider sale
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 |
|---|---|---|---|---|
| 2026-07-07 | 1 | 580 −42.0% | 955 −4.5% | −374 −37.4 pts |
| 2026-09-01 | 2 | 988 −1.2% | 956 −4.4% | +32 +3.2 pts |
| 2026-09-02 | 1 | 953 −4.7% | 958 −4.2% | −4 −0.4 pts |
| 2026-09-04 | 1 | 925 −7.5% | 950 −5.0% | −25 −2.5 pts |
1 of 4 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 (277 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
3 insiders bought within 4 days, 31 Aug to 3 Sep: 1 Board member, 1 CFO, 1 CEO / chair. The share closed at 1.32 on the first of those days and at 1.23 most recently (−6.5%). That week 188 companies across Europe disclosed insider purchases, an ordinary week (11 of the last 26). 2 of the buyers also disclosed a sale in the window.
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.
×A sale
A cross is one insider's sales on one day. People sell to pay tax, to cash in share awards or to hold less of one company, so a sale says less than a purchase does. When someone bought and sold on the same day, the cross sits beside the dot. The totals are under “Purchases against sales” below.
▮Purple band: several insiders bought within 15 days
The band marks the stretch with the most different buyers: at most 15 days long and at least two people. Here it is 31 Aug – 3 Sep, with 3 insiders. Only the strongest stretch is marked. Several people deciding the same thing is harder to explain by one person's private reasons, but insiders often buy together just after a closed period ends, so compare it with the grey weekly bars.
Blue line: this share's price, −64.9% over these six months
The closing price of each day, from 3.50 on 2026-04-21 to 1.23 on 2026-10-09. 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, −9.1%
Taken from the 457 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 −64.9%, the typical one −9.1%, 55.8 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. The purple bar is the week of the band above: 188 companies, number 11 of the last 26 weeks. If that week was a peak anyway, buying together is less special than it looks.
This company: insiders buying per month, last 12 months
1Nov
3Dec
Jan
Feb
Mar
Apr
May
Jun
1Jul
1Aug
2Sep
Oct
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Joakim Adler | CFO | 2 | 1 | 242.9k SEK | 2026-07-06 | −46.3% | 5 completed, median −25.3% against peers after 60 sessions |
| Per Johan Olof Lundquist | CEO / chair | 2 | 1 | 85.3k SEK | 2026-09-01 | −1.2% | fewer than 5 completed |
| Lars Westlund | Board member | 1 | — | 73.2k SEK | 2026-08-31 | −6.5% | 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% | 0.850 | 29.8 |
| Qualified-buy size | 25% | 0.612 | 15.3 |
| Role informativeness (inverted) | 20% | 0.000 | 0.0 |
| Recency | 10% | 0.047 | 0.5 |
| Buy/sell conviction | 10% | 0.631 | 6.3 |
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 bull side: large purchases; new on the bear side: loss-making; no longer on the bear side: buyer's past purchases trailed the benchmark. 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 (several insiders together, large purchases, senior executive buying), while share price and trading argue against (price down over six months, price trails its sector); company results argue against (loss-making). No data is held for: company actions.
- The insider purchases themselvesBullseveral insiders together, large purchases, senior executive buying Bearinsiders also sold, usual level for this company3 checked, under the threshold · 2 missing
- Share price and tradingBearprice down over six months, price trails its sector
- Short sellers1 checked, under the threshold
- Company resultsBearloss-making1 missing
- Company actionsno data held
Bull case · the buying is informative
- 3 insiders bought within 15 days (2026-08-31 to 2026-09-03). Several people reaching the same decision at the same time is hard to put down to one person's circumstances.Record: after 5,401 earlier disclosures like this, the median 60-session excess return was −3.3%, within 1 percentage point of all comparable disclosures (−3.3%).
- Net purchases of €13k equal 0.52% of the company's market value (€2.4M): large for the size of the business.
- 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
- Insiders also sold €18k in the same 180 days, 58% of the amount bought.
- Buying at this level is normal here: 4 insiders bought in the previous 180 days and 3 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%).
- Company resultsThe company is loss-making on the latest captured figures: profit margin −12%, return on equity −10.0%.
- Share price and tradingThe share price is down 59% over six months (three months −41%, one month +0.41%) and stands 67% 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 −41% and the median of 462 Industrials companies changed −0.32%: 41 points behind. The market has marked this company down against its own sector.
Evidence still missing
- Only one reading of profitability is held (profit margin −12%). 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. None of the 5 purchase lines mentions a plan, but a bare “Förvärv” 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: 4, 2 close to it
- BearThe largest buyer accounts for 61% of the value bought. Counted for the bear side from 80%. close to the threshold
- Bear1 of 3 buyers filed as a person closely associated with a manager. Counted for the bear side from half. close to the threshold
- EitherThe latest purchase is 44 days old. Bull up to 14 days, bear from 90.
- BearThe register of Finansinspektionen 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.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Signal history
51.8 / 100
Latest recorded score
↓ -4.2 ptsversus the comparable snapshot on 2026-09-14 (34 calendar days apart)
- Recorded snapshots
- 31
- First snapshot
- 2026-09-01
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-4.2 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 46.9
- 57.1
- 52.9
- 52.3
- 51.8
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-09-01 | 46.9 |
| 2026-09-02 | 59.6 |
| 2026-09-03 | 59.0 |
| 2026-09-04 | 60.7 |
| 2026-09-07 | 58.9 |
| 2026-09-08 | 58.4 |
| 2026-09-09 | 58.0 |
| 2026-09-10 | 57.5 |
| 2026-09-11 | 57.1 |
| 2026-09-14 | 56.0 |
| 2026-09-23 | 53.8 |
| 2026-09-24 | 53.7 |
| 2026-09-25 | 53.5 |
| 2026-09-28 | 53.1 |
| 2026-09-29 | 53.0 |
| 2026-09-30 | 52.9 |
| 2026-10-01 | 52.8 |
| 2026-10-02 | 52.7 |
| 2026-10-03 | 52.7 |
| 2026-10-04 | 52.7 |
| 2026-10-05 | 52.4 |
| 2026-10-06 | 52.4 |
| 2026-10-07 | 52.3 |
| 2026-10-08 | 52.2 |
| 2026-10-09 | 52.2 |
| 2026-10-12 | 52.0 |
| 2026-10-13 | 52.0 |
| 2026-10-14 | 51.9 |
| 2026-10-15 | 51.9 |
| 2026-10-16 | 51.9 |
| 2026-10-18 | 51.8 |
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 − OMX Stockholm 30 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 | 5Developing evidence | 100.0% (5/5) | 40.0% (2/5) | -0.1% | -2.2% | -9.1% |
| 20D | 5Developing evidence | 100.0% (5/5) | 40.0% (2/5) | -3.0% | +4.4% | -8.7% |
| 60D | 4Small sample | 100.0% (4/4) | 0.0% (0/4) | -17.0% | -16.3% | -28.3% |
| 120D | 4Small sample | 100.0% (4/4) | 25.0% (1/4) | -22.8% | -19.0% | -38.1% |
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 3Small sample | 100.0% (3/3) | 33.3% (1/3) | -0.3% | -0.5% | -5.1% |
| 20D | 3Small sample | 100.0% (3/3) | 33.3% (1/3) | -3.0% | +3.5% | -6.0% |
| 60D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +9.1% | +9.1% | +9.1% |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 93.7%
- Beta
- -0.66
- Avg daily volume
- SEK 138,641.9
VALUATION
- Market cap
- SEK 26.8M
- P/E
- —
FUNDAMENTALS
- Profit margin
- -12.2%
- ROE
- -10.0%
- Industry
- Aerospace & Defense
Prices to 11 Oct 2026: OpenBB/yfinance; volume from price cache (yfinance). From OpenBB/yfinance, captured 18 Oct 2026: Market cap, Profit margin, ROE, Beta, Industry. It does not affect the insider score or rank.
Disclosed net short positions
The Finansinspektionen 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: 500 verified sessions · Latest session: 2026-10-09 · 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
The filing records held for this company carry no link to the original notice.
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
11 qualifying purchase disclosure(s) · 11 transaction line(s)
Sep 3, 2026Förvärv
Per Johan Olof Lundquist · Styrelseordförande
Aktie · 40000.0 shares × 1.249 SEK · —
Sep 1, 2026Förvärv
Joakim Adler · Styrelseledamot, Ekonomichef/finanschef/finansdirektör
Aktie · 60000.0 shares × 1.36 SEK · —
Sep 1, 2026Förvärv
Per Johan Olof Lundquist · Styrelseordförande
Aktie · 26666.0 shares × 1.325 SEK · —
Unfold all 8 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-08-31 | 2026-09-01 | Lars Westlund | Styrelseledamot | Förvärv | Aktie | 1.33 SEK | SEK | 55000.0 | — |
| 2026-07-06 | 2026-07-07 | Joakim Adler | Styrelseledamot, Ekonomichef/finanschef/finansdirektör | Förvärv | Aktie | 2.29 SEK | SEK | 70444.0 | — |
| 2025-12-01 | 2025-12-02 | Lars Westlund | Styrelseledamot | Teckning | BTA (betald tecknad aktie) | 2.30 SEK | SEK | 136835.0 | — |
| 2025-12-01 | 2025-12-02 | Joakim Adler | Styrelseordförande, Ekonomichef/finanschef/finansdirektör | Teckning | BTA (betald tecknad aktie) | 2.3 SEK | SEK | 310095.0 | — |
| 2025-12-01 | 2025-12-02 | Joakim Adler | Styrelseordförande, Ekonomichef/finanschef/finansdirektör | Teckning | BTA (betald tecknad aktie) | 2.3 SEK | SEK | 217392.0 | — |
| 2025-12-01 | 2025-12-02 | Joakim Adler | Styrelseordförande, Ekonomichef/finanschef/finansdirektör | Teckning | BTA (betald tecknad aktie) | 2.3 SEK | SEK | 11740.0 | — |
| 2025-12-01 | 2025-12-02 | johan lundquist | Styrelseledamot | Teckning | BTA (betald tecknad aktie) | 2.3 SEK | SEK | 60560.0 | — |
| 2025-11-28 | 2025-12-01 | Niklas Adler | Verkställande direktör (VD) | Teckning | BTA (betald tecknad aktie) | 2.30 SEK | SEK | 647826.0 | — |
Showing 11 of 11 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
View 2 other transaction(s)
Sep 1, 2026Avyttring
Per Johan Olof Lundquist · Styrelseordförande
Aktie · 26666.0 shares × 1.325 SEK · —
Jul 6, 2026Avyttring
Joakim Adler · Styrelseledamot, Ekonomichef/finanschef/finansdirektör
Aktie · 70444.0 shares × 2.29 SEK · —
Showing 2 of 2 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.
Snapshot & identity
- Snapshot date
- 2026-10-18
- Ticker
- AERW-B.ST
- ISIN
- SE0009346299
- Sector
- Industrials
- Industry
- Aerospace & Defense
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