Formula Systems Correlations
| FORTY Stock | USD 102.00 0.40 0.39% |
The current 90-days correlation between Formula Systems 1985 and Nayax is 0.29 (i.e., Modest diversification). The correlation of Formula Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Formula Systems Correlation With Market
Average diversification
The correlation between Formula Systems 1985 and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Formula Systems 1985 and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Formula Stock
| 0.89 | KD | Kyndryl Holdings | PairCorr |
| 0.78 | VEEA | Veea Inc Symbol Change | PairCorr |
| 0.62 | DTST | Data Storage Corp | PairCorr |
| 0.67 | EPAM | EPAM Systems | PairCorr |
| 0.72 | ACN | Accenture plc Earnings Call This Week | PairCorr |
| 0.81 | CDW | CDW Corp | PairCorr |
| 0.62 | FIS | Fidelity National | PairCorr |
| 0.69 | GIB | CGI Inc | PairCorr |
| 0.84 | IBM | International Business | PairCorr |
| 0.78 | III | Information Services | PairCorr |
| 0.82 | VYX | NCR Voyix | PairCorr |
| 0.88 | IBEX | IBEX | PairCorr |
| 0.66 | INFY | Infosys Ltd ADR | PairCorr |
| 0.66 | JKHY | Jack Henry Associates | PairCorr |
Moving against Formula Stock
| 0.69 | G | Genpact Limited | PairCorr |
| 0.69 | FI | Fiserv, | PairCorr |
| 0.58 | WNS | WNS Holdings | PairCorr |
| 0.37 | GDYN | Grid Dynamics Holdings | PairCorr |
| 0.36 | AUR | Aurora Innovation | PairCorr |
| 0.72 | ARBB | ARB IOT Group Tech Boost | PairCorr |
| 0.63 | SLNHP | Soluna Holdings Preferred | PairCorr |
| 0.52 | AUROW | Aurora Innovation | PairCorr |
| 0.49 | DTSTW | Data Storage | PairCorr |
| 0.47 | HCKT | Hackett Group | PairCorr |
| 0.46 | NTRP | NextTrip | PairCorr |
| 0.32 | SAIC | Science Applications | PairCorr |
| 0.31 | ASGN | ASGN Inc | PairCorr |
Related Correlations Analysis
| -0.32 | -0.47 | 0.0 | 0.0 | 0.0 | 0.4 | CSPI | ||
| -0.32 | 0.74 | 0.0 | 0.0 | 0.0 | -0.84 | NYAX | ||
| -0.47 | 0.74 | 0.0 | 0.0 | 0.0 | -0.61 | III | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ALYA | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CTG | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SRT | ||
| 0.4 | -0.84 | -0.61 | 0.0 | 0.0 | 0.0 | HCKT | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Formula Stock performing well and Formula Systems Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Formula Systems' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CSPI | 3.15 | (0.44) | 0.00 | (0.35) | 0.00 | 4.28 | 26.79 | |||
| NYAX | 2.38 | 0.27 | 0.11 | 0.52 | 2.20 | 4.91 | 16.44 | |||
| III | 2.12 | 0.61 | 0.23 | 1.80 | 1.87 | 4.68 | 19.46 | |||
| ALYA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CTG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SRT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HCKT | 1.23 | (0.26) | 0.00 | (0.36) | 0.00 | 2.57 | 11.30 |
Formula Systems Corporate Management
| Maya SolomonElla | Chief Officer | Profile | |
| Guy CPA | Chief Officer | Profile | |
| Tammy Koll | Chief Officer | Profile | |
| Asaf CPA | Chief Officer | Profile | |
| Asaf Berenstin | Chief Officer | Profile |