| Period | Completed events | Price coverage | Hit rate | Median excess return | Average excess return | Worst excess return |
|---|---|---|---|---|---|---|
| 5D | 3Small sample | 100.0% (3/3) | 100.0% (3/3) | +2.5% | +8.6% | +2.5% |
| 20D | 3Small sample | 100.0% (3/3) | 100.0% (3/3) | +39.2% | +34.0% | +23.6% |
| 60D | 0No data | Awaiting maturity | — | — | — | — |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
COMPANY RESEARCH
Cynca Nordic AB (publ)
CYNCA.ST · Sweden · Industrials · Engineering & Construction
INSIDER SIGNAL
Insider activity score：62.6 / 100
3 insiders · 3 purchase events · €611k net purchases
Europe #224 · Sweden #71
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
Cluster+21.0 / 35
How many distinct insiders bought in the cluster
Purchase size+21.6 / 25
Purchase value relative to company size and liquidity
Role+20.0 / 20
The seniority and relevance of participating insiders
Recency+10.0 / 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
- ✓ Strong insider role · ceo/chair involved
- ✓ Recent activity · latest purchase 2026-10-23
The role contribution uses the inverted role input of the current European model.
Buying concentration
91%
Largest buyer：RYK GROUP AB · 6.20m SEK
Gross qualified purchase transaction-line value：6.80m 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 |
|---|---|---|
| RYK GROUP AB | 30.98 SEK | Oct 23, 2026 |
| Olof Åke Andersson | 30.79 SEK | Oct 23, 2026 |
| Caroline Johanna Maria Atelius | 3.44 SEK | Sep 15, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 2 distinct reported filers
- Peak time window
- 2026-10-23 to 2026-10-23
- Current breadth input
- 0.600 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
RYK GROUP AB · 6.20m SEK · Price 30.98 SEK · Oct 23, 2026 - 🟢 Eligible purchase
Olof Åke Andersson · 308k SEK · Price 30.79 SEK · Oct 23, 2026 - 🟢 Large eligible purchase
Caroline Johanna Maria Atelius · 299k SEK · Price 3.44 SEK · Sep 15, 2026
Insider vs stock price
2 purchase day(s), 3 purchase line(s) in the 180-day window.
Daily close (SEK)Day with an insider purchaseTwo or more insiders the same day
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 |
|---|---|---|---|---|
| 2026-09-15 | 1 | 922 −7.8% | 941 −5.9% | −20 −2.0 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 (41 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
2 insiders bought on the same day, 23 Oct: 1 CFO, 1 CEO / chair. That week 106 companies across Europe disclosed insider purchases, an ordinary week (26 of the last 26).
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.
▮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 23 Oct, with 2 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, −66.7% over these six months
The closing price of each day, from 101.60 on 2026-04-27 to 33.88 on 2026-10-22. 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, −5.5%
Taken from the 542 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 −66.7%, the typical one −5.5%, 61.1 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: 106 companies, number 26 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
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
1Sep
2Oct
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since | Earlier purchases |
|---|---|---|---|---|---|---|---|
| Caroline Johanna Maria Atelius | CEO / chair | 1 | — | 299.5k SEK | 2026-09-15 | −7.8% | fewer than 5 completed |
| Olof Åke Andersson | CFO | 1 | — | 307.9k SEK | 2026-10-23 | — | fewer than 5 completed |
| RYK GROUP AB | CEO / chair | 1 | — | 6.2M SEK | 2026-10-23 | — | 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% | 0.600 | 21.0 |
| Qualified-buy size | 25% | 0.864 | 21.6 |
| Role informativeness (inverted) | 20% | 0.000 | 0.0 |
| Recency | 10% | 1.000 | 10.0 |
| 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
The two kinds of evidence disagree: the purchases themselves carry bull lines (more buyers than usual here, large purchases, senior executive buying, bought in the last two weeks), 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 themselvesBullmore buyers than usual here, large purchases, senior executive buying, bought in the last two weeks Bearvalue concentrated in one buyer3 checked, under the threshold · 3 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
- No insider bought in the 180 days before this window; 3 have bought in it. The buying is new for this company, not a habit.Record: after 3,162 earlier disclosures like this, the median 60-session excess return was −2.7%, within 1 percentage point of all comparable disclosures (−2.7%).
- Net purchases of €611k equal 0.55% of the company's market value (€111.1M): 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 8,738 earlier disclosures like this, the median 60-session excess return was −3.1%, within 1 percentage point of all comparable disclosures (−3.2%).
- The latest purchase is 0 days old (2026-10-23). The buying is current, not left over from an earlier quarter.
Bear case · discount it
- RYK GROUP AB accounts for 91% of the value bought. The other 2 buyers add names more than money.Record: after 3,411 earlier disclosures like this, the median 60-session excess return was −3.4%, within 1 percentage point of all comparable disclosures (−3.5%).
- Share price and tradingThe share price is down 67% over six months (three months −79%, one month −17%) and stands 80% 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 11,046 earlier disclosures like this, the median 60-session excess return was −3.3%, within 1 percentage point of all comparable disclosures (−2.6%).
- Share price and tradingOver three months the share price changed −79% and the median of 527 Industrials companies changed +<0.01%: 79 points behind. The market has marked this company down against its own sector.
Evidence still missing
- 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 98%). 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 3 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: 5, 1 close to it
- BullAt most 2 insiders bought within any 15 days. Counted for the bull side from 3. close to the threshold
- Bear0 of 3 buyers filed as a person closely associated with a manager. Counted for the bear side from half.
- BearNo insider sale is recorded in the same 180 days.
- BearPublished net short positions add up to 0.89% of the share capital across 1 named holder. Counted for the bear side from 2%.
- BearProfit margin on the latest captured figures is 98%. 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
62.6 / 100
Latest recorded score
↑ +19.8 ptsversus the comparable snapshot on 2026-09-23 (30 calendar days apart)
- Recorded snapshots
- 26
- First snapshot
- 2026-09-23
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.
- Cluster+10.5 pts
- Purchase size+5.1 pts
- Recency+4.3 pts
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 42.8
- 40.3
- 39.2
- 38.2
- 62.6
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-09-23 | 42.8 |
| 2026-09-24 | 42.4 |
| 2026-09-25 | 42.0 |
| 2026-09-28 | 41.1 |
| 2026-09-29 | 40.8 |
| 2026-09-30 | 40.5 |
| 2026-10-01 | 40.3 |
| 2026-10-02 | 40.1 |
| 2026-10-03 | 40.1 |
| 2026-10-04 | 40.1 |
| 2026-10-05 | 39.5 |
| 2026-10-06 | 39.3 |
| 2026-10-07 | 39.2 |
| 2026-10-08 | 39.1 |
| 2026-10-09 | 38.9 |
| 2026-10-12 | 38.6 |
| 2026-10-13 | 38.5 |
| 2026-10-14 | 38.4 |
| 2026-10-15 | 38.3 |
| 2026-10-16 | 38.2 |
| 2026-10-18 | 38.1 |
| 2026-10-19 | 38.0 |
| 2026-10-20 | 37.9 |
| 2026-10-21 | 37.9 |
| 2026-10-22 | 37.8 |
| 2026-10-23 | 62.6 |
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 | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +9.3% | +9.3% | +9.3% |
| 20D | 1Small sample | 100.0% (1/1) | 100.0% (1/1) | +18.7% | +18.7% | +18.7% |
| 60D | 0No data | Awaiting maturity | — | — | — | — |
| 120D | 0No data | Awaiting maturity | — | — | — | — |
Market context
PRICE PERFORMANCE
VOLATILITY & LIQUIDITY
- Volatility
- 72.6%
- Beta
- —
- Avg daily volume
- SEK 5.6M
VALUATION
- Market cap
- SEK 1.2B
- P/E
- —
FUNDAMENTALS
- Profit margin
- 97.9%
- ROE
- -15.9%
- Industry
- Engineering & Construction
Prices to 23 Oct 2026: OpenBB/yfinance. From OpenBB/yfinance, captured 23 Oct 2026: Market cap, Profit margin, ROE, Industry. It does not affect the insider score or rank.
Disclosed net short positions
- Sum of published positions
- 0.89%
- Named holders
- 1
- Latest position date
- 13 Oct 2026
| Holder | Net short, % of issued share capital | Position date | Notice age |
|---|---|---|---|
| Citadel Advisors LLC | 0.89% | 13 Oct 2026 | Recent (90 days or less) |
Only positions of 0.5% or more are published, so the sum is a lower bound, not total short interest. Each row is the holder's latest notice, the notices have different dates, and the register still lists them all. A holder must notify every change of 0.1 points and a fall below 0.5%, so a row with an old date should mean the position has not moved since, but it can also be a notice that was never sent; whether it is still open is not confirmed. The age marks (recent, older, not updated for over a year) are this site's display rule, not a regulatory one. Source: Finansinspektionen · read 23 Oct 2026
Short-position disclosures are external context; they do not affect the insider score, ranking, or filing eligibility.
Insiders and institutions
Insiders, ranking window: €611.2k net bought · buyers: 3 · last 2026-10-23
Short sellers
- Sum of published positions
- 0.89%named holders: 1 · largest: Citadel Advisors LLC 0.89%
- Change, about 4 weeks
- +0.89 ppfrom 0.00% on 2026-10-02
- Change, about 12 weeks
- +0.89 ppfrom 0.00% on 2026-08-07
Insiders bought while the published short positions grew: the two sides disagree.
Moves by named holders, last 12 months
1 first published · 0 raised · 0 cut · 0 under 0.5% or no longer listed
| Date | Holder | Published position | What happened |
|---|---|---|---|
| 2026-10-13 | Citadel Advisors LLC | — → 0.89% | first published |
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 →
Insiders' buying price vs the latest close
Insiders paid 30.97 SEK a share on average (2 purchase lines, 2 buyers, 2026-10-23 – 2026-10-23). The close on 2026-10-22 was 9.4% above that price.
Prices paid are weighted by shares and taken from the filings; dividends are not counted. Not scored.
Buying size vs market trading
Corporate-action basis needs review.
Market-data coverage: 499 verified sessions · Latest session: 2026-10-22 · Ratio status: Unavailable
Recent and largest purchase events / preceding 60-session ADTV
- Oct 23 · Olof Åke Andersson · Ekonomichef/finanschef/finansdirektör307,900 SEK · —Corporate-action basis needs review.
- Oct 23 · RYK GROUP AB · Verkställande direktör (VD)6,196,000 SEK · —Corporate-action basis needs review.
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
News capture status: ok. Articles were retained for audit but none met the reader threshold.
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
3 qualifying purchase disclosure(s) · 3 transaction line(s)
Oct 23, 2026Förvärv
Olof Åke Andersson · Ekonomichef/finanschef/finansdirektör
Aktie · 10000.0 shares × 30.79 SEK · —
Oct 23, 2026Förvärv
RYK GROUP AB · Verkställande direktör (VD)
Aktie · 200000.0 shares × 30.98 SEK · —
Sep 15, 2026Förvärv
Caroline Johanna Maria Atelius · Styrelseordförande
Aktie · 87055.0 shares × 3.44 SEK · —
Showing 3 of 3 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
- CYNCA.ST
- ISIN
- SE0030587176
- Sector
- Industrials
- Industry
- Engineering & Construction
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