The scan says short the illiquid laggards. Book 6m range -5.3%..-4.2%, median conf 78 — signal is thin. Illiquidity is the dominant driver in 5 of 10. 6mo/12mo momentum covers most of the rest. All na

Hexagon AB (publ) ($HEXA-B.ST) -5.3% conf78: ↓ downside risk, ↓ 6mo momentum, ↓ illiquidity. Tech name at univ 0%, sec 3%. Imperial Brands PLC ($IMB.L) -5.3% conf78: ↓ illiquidity, ↓ 12mo momentum, ↓ 6mo momentum. Consumer Defensive, but still bottom rank. Serco Group plc ($SRP.L) -4.7% conf79: ↓ 6mo momentum, ↓ illiquidity, ↓ downside risk. Industrials sec 1%. Same liquidity/trend drag, different sectors. Aviva plc ($AV.L) -4.7% conf79: ↓ illiquidity, ↓ 12mo momentum, ↓ 6mo momentum. Financials sec 1. Wise Group plc ($WISE.L) -4.6% conf76: ↓ 12mo momentum, ↓ illiquidity, ↓ 6mo momentum. Tech sec 6 — least extreme within-sector rank here, and conf is 76 vs 78-79 elsewhere. Tryg A/S ($TRYG.CO) -4.6% conf79: ↓ 12mo momentum, ↓ 6mo momentum, ↓ downside risk. Financials sec 2. Momentum is the shared killer. Babcock International Group PLC ($BAB.L) -4.4% conf79: ↓ illiquidity, ↓ 6mo momentum, ↓ 12mo momentum. Industrials sec 1. Haleon plc ($HLN.L) -4.3% conf78: ↓ illiquidity, ↓ 6mo momentum

Hexagon AB (publ) ($HEXA-B.ST) -5.3% conf78: ↓ downside risk, ↓ 6mo momentum, ↓ illiquidity. Tech name at univ 0%, sec 3%. Imperial Brands PLC ($IMB.L) -5.3% conf78: ↓ illiquidity, ↓ 12mo momentum, ↓