| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 7Developing evidence | 100.0% (7/7) | 57.1% (4/7) | +2.5% | +1.2% | -3.6% |
| 20D | 7Developing evidence | 100.0% (7/7) | 71.4% (5/7) | +2.2% | +2.3% | -10.4% |
| 60D | 7Developing evidence | 100.0% (7/7) | 42.9% (3/7) | -6.4% | +0.1% | -24.2% |
| 120D | 6Developing evidence | 100.0% (6/6) | 33.3% (2/6) | -12.8% | -0.5% | -33.6% |
COMPANY RESEARCH
Troax Group AB (publ)
TROAX.ST · Sweden · Industrials · Metal Fabrication
INSIDER SIGNAL
Insider activity score：37.6 / 100
1 insiders · 1 purchase events · €37k net purchases
Europe #1289 · Sweden #321
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+17.1 / 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 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：Anders Mörck · 417k SEK
Gross qualified purchase transaction-line value：417k 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 |
|---|---|---|
| Anders Mörck | 104.1538 SEK | May 15, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 1 distinct reported filers
- Peak time window
- 2026-05-15 to 2026-05-15
- 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
Anders Mörck · 417k SEK · Price 104.1538 SEK · May 15, 2026
Insider vs stock price
No daily prices and volumes have been captured for this stock yet.
Insider timeline
One insider bought, once (15 May).
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.
▂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
Dec
Jan
5Feb
1Mar
Apr
1May
Jun
Jul
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 |
|---|---|---|---|---|---|---|---|
| Anders Mörck | CEO / chair | 1 | — | 416.6k SEK | 2026-05-15 | — | 7 completed, median −6.4% against peers after 60 sessions |
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% | 0.683 | 17.1 |
| Role informativeness (inverted) | 20% | 0.000 | 0.0 |
| Recency | 10% | 0.000 | 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.
All bull and bear lists, and what followed each line in the past →
Where the evidence comes from
Independent evidence does not object: the purchases themselves carry bull lines (senior executive buying); short sellers were checked and none crosses a bear threshold. No data is held for: share price and trading, company results, company actions.
- The insider purchases themselvesBullsenior executive buying Bearone buyer only, latest purchase is old, usual level for this company, buyer's past purchases trailed the benchmark3 checked, under the threshold · 2 missing
- Share price and tradingno data held
- Short sellers1 checked, under the threshold
- Company results2 missing
- Company actions1 missing
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 8,738 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 4,757 earlier disclosures like this, the median 60-session excess return was −2.8%, within 1 percentage point of all comparable disclosures (−3.3%).
- The latest purchase was 161 days ago (2026-05-15). A reporting period has passed since, so what the buyers knew then may already be public.
- Buying at this level is normal here: 5 insiders bought in the previous 180 days and 1 in this one.Record: after 2,808 earlier disclosures like this, the median 60-session excess return was −2.9%, within 1 percentage point of all comparable disclosures (−2.7%).
- The 7 earlier purchases by Anders Mörck trailed OMX Stockholm 30 by a median 6.4% over the following 60 trading days.
Evidence still missing
- The company's market value is not captured, so the purchases cannot be stated as a share of the business or of its trading volume.
- No earnings, margin or cash-flow figures are captured for this company. The latest annual and interim reports are where to check whether the business is improving or deteriorating.
- The next scheduled results are on 2026-10-29. They are the first hard test of either reading.
- 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 “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
- Bear0 of 1 buyer filed as a person closely associated with a manager. Counted for the bear side from half.
- EitherNet purchases of €37k in 180 days. Bull from €1.0M, bear when all purchases total under €25k.
- BearNo insider sale is recorded in the same 180 days.
- 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
37.6 / 100
Latest recorded score
↑ +0.1 ptsversus the comparable snapshot on 2026-09-23 (30 calendar days apart)
- Recorded snapshots
- 40
- 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?
No score factor changed beyond rounding between the comparable snapshots.
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 50.8
- 38.3
- 37.5
- 37.6
- 37.6
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-08-26 | 50.8 |
| 2026-08-27 | 50.8 |
| 2026-08-28 | 38.3 |
| 2026-08-31 | 38.3 |
| 2026-09-01 | 38.3 |
| 2026-09-02 | 38.3 |
| 2026-09-03 | 38.3 |
| 2026-09-04 | 38.3 |
| 2026-09-07 | 38.3 |
| 2026-09-08 | 38.3 |
| 2026-09-09 | 38.3 |
| 2026-09-10 | 38.3 |
| 2026-09-11 | 38.2 |
| 2026-09-14 | 38.2 |
| 2026-09-23 | 37.5 |
| 2026-09-24 | 37.5 |
| 2026-09-25 | 37.5 |
| 2026-09-28 | 37.5 |
| 2026-09-29 | 37.5 |
| 2026-09-30 | 37.5 |
| 2026-10-01 | 37.5 |
| 2026-10-02 | 37.5 |
| 2026-10-03 | 37.5 |
| 2026-10-04 | 37.5 |
| 2026-10-05 | 37.5 |
| 2026-10-06 | 37.6 |
| 2026-10-07 | 37.6 |
| 2026-10-08 | 37.6 |
| 2026-10-09 | 37.6 |
| 2026-10-12 | 37.6 |
| 2026-10-13 | 37.6 |
| 2026-10-14 | 37.6 |
| 2026-10-15 | 37.6 |
| 2026-10-16 | 37.6 |
| 2026-10-18 | 37.6 |
| 2026-10-19 | 37.6 |
| 2026-10-20 | 37.6 |
| 2026-10-21 | 37.6 |
| 2026-10-22 | 37.6 |
| 2026-10-23 | 37.6 |
Sector context
- Buying breadth
- 8.4% (88 / 1,049 issuers)
- Sector rank
- #8 / 12
- 7D breadth change
- +0.3 pp · vs 2026-10-16 (7d)
- 30D breadth change
- -1.5 pp · vs 2026-09-23 (30d)
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) | 60.0% (3/5) | +0.6% | +3.1% | -3.4% |
| 20D | 5Developing evidence | 100.0% (5/5) | 80.0% (4/5) | +2.5% | +2.4% | -6.9% |
| 60D | 4Small sample | 100.0% (4/4) | 25.0% (1/4) | -7.3% | -2.1% | -9.7% |
| 120D | 4Small sample | 100.0% (4/4) | 25.0% (1/4) | -14.6% | -2.8% | -21.7% |
| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 3Small sample | 100.0% (3/3) | 66.7% (2/3) | +0.8% | +3.1% | -2.4% |
| 20D | 3Small sample | 100.0% (3/3) | 66.7% (2/3) | +3.3% | +2.7% | -0.5% |
| 60D | 3Small sample | 100.0% (3/3) | 66.7% (2/3) | +9.8% | -1.5% | -26.9% |
| 120D | 2Small sample | 100.0% (2/2) | 100.0% (2/2) | +35.6% | +35.6% | +27.8% |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- —
- Beta
- —
- Avg daily volume
- —
VALUATION
- Market cap
- —
- P/E
- —
FUNDAMENTALS
- Profit margin
- 11.2%
- ROE
- 17.4%
- Industry
- —
Prices to 26 Sep 2026: OpenBB/yfinance. From the company's annual report ↗, fiscal year ended 31 Dec 2024: Profit margin, ROE. It does not affect the insider score or rank.
Disclosed net short positions
The Finansinspektionen register, read 23 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 and institutions
Insiders, ranking window: €37.4k net bought · buyers: 1 · last 2026-05-15
Short sellers
Nothing at or above the publication threshold is on the Finansinspektionen register (read 2026-10-23).
Moves by named holders, last 12 months
1 first published · 1 raised · 1 cut · 2 under 0.5% or no longer listed
| Date | Holder | Published position | What happened |
|---|---|---|---|
| 2026-02-09 | ALCUR FONDER AB | 0.77% → under 0.5% | notified under 0.5% |
| 2026-01-30 | ALCUR FONDER AB | 0.65% → 0.77% | raised |
| 2026-01-29 | ALCUR FONDER AB | — → 0.65% | first published |
| 2025-10-27 | ALCUR FONDER AB | 0.54% → under 0.5% | notified under 0.5% |
| 2025-10-23 | ALCUR FONDER AB | 0.71% → 0.54% | cut |
A move is a change in what a holder published. Positions under 0.5% are not published, so a holder under that line can trade without any notice; "notified under 0.5%" does not say whether the position was closed or only cut.
Source: Finansinspektionen, read 2026-10-23. Where holders are named, only positions of 0.5% of issued capital or more are published, so these are lower bounds and a change is a change in what was published. Context only; not part of the score. All companies where insiders buy and short sellers hold positions →
Swedish mutual funds
- Held on 2026-06-30
- SEK 1.4bn38 funds · 14 fund companies
- Shares held, change on the quarter
- −2.5%since 2026-03-31
- Change on the year
- −20.6%since 2025-06-30
- Fund companies
- 4 added · 4 cut
Largest holders: AMF Fonder AB SEK 596.8M (+0.0%); SEB Funds AB SEK 357.1M (+0.2%); Spiltan Fonder AB SEK 260.1M (−7.7%)
Swedish funds' holding changed little in the quarter.
Source: Finansinspektionen, holdings of Swedish UCITS funds on 2026-06-30, published about three months later; special funds are not published. The direction is read from the number of shares held, so a price move is not counted as buying. The fund quarter and the insiders' purchases (last 2026-05-15) are different periods.
Insiders' buying price vs the latest close
No daily prices have been captured for this stock yet.
Buying size vs market trading
Complete price and volume history is not yet available.
Market-data coverage: 0 verified sessions · Latest session: — · 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
12 qualifying purchase disclosure(s) · 12 transaction line(s)
May 15, 2026Förvärv
Anders Mörck · Styrelseordförande
Aktie · 4000.0 shares × 104.1538 SEK · —
Mar 18, 2026Förvärv
Michael Standar · Annan medlem i bolagets administrations-, lednings- eller kontrollorgan
Aktie · 2000.0 shares × 97.6 SEK · —
Mar 18, 2026Förvärv
Michael Standar · Annan medlem i bolagets administrations-, lednings- eller kontrollorgan
Aktie · 270.0 shares × 97.8 SEK · —
Unfold all 9 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-02-24 | 2026-02-25 | Thomas Widstrand | Styrelseledamot | Förvärv | Aktie | 98.3357 SEK | SEK | 10000.0 | — |
| 2026-02-18 | 2026-02-18 | Fredrik Hansson | Styrelseledamot | Förvärv | Aktie | 96.6 SEK | SEK | 2000.0 | — |
| 2026-02-18 | 2026-02-18 | Fredrik Hansson | Styrelseledamot | Förvärv | Aktie | 96.95 SEK | SEK | 2000.0 | — |
| 2026-02-18 | 2026-02-18 | Fredrik Hansson | Styrelseledamot | Förvärv | Aktie | 97.2 SEK | SEK | 2000.0 | — |
| 2026-02-11 | 2026-02-11 | Anders Mörck | Styrelseordförande | Förvärv | Aktie | 94.9199 SEK | SEK | 4000.0 | — |
| 2026-02-09 | 2026-03-23 | Michael Standar | Annan medlem i bolagets administrations-, lednings- eller kontrollorgan | Förvärv | Aktie | 99.5 SEK | SEK | 100.0 | — |
| 2026-02-09 | 2026-02-09 | Martin Nyström | Verkställande direktör (VD) | Förvärv | Aktie | 98.90 SEK | SEK | 1000.0 | — |
| 2026-02-09 | 2026-02-09 | Anders Mörck | Styrelseordförande | Förvärv | Aktie | 99.7838 SEK | SEK | 4000.0 | — |
| 2026-02-05 | 2026-03-23 | Michael Standar | Annan medlem i bolagets administrations-, lednings- eller kontrollorgan | Förvärv | Aktie | 118.6 SEK | SEK | 30.0 | — |
Showing 12 of 12 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.
Follow new disclosures
Subscribe to new Europe disclosures. These are market-wide RSS feeds, not company-specific alerts.
Snapshot & identity
- Snapshot date
- 2026-10-23
- Ticker
- TROAX.ST
- ISIN
- SE0012729366
- Sector
- Industrials
- Industry
- Metal Fabrication
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