Formula Systems Correlations

FORTY Stock

USD 168.90 8.90 5.56%

The current 90-days correlation between Formula Systems 1985 and Dream Industrial Real is 0.03 (i.e., Significant 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

Modest diversification

The correlation between Formula Systems 1985 and DJI is 0.26 (i.e., Modest 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.

Build AI portfolio with Formula Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Formula Systems 1985. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Formula Stock

0.69	300605	HengFeng Information	Pair Corr
0.74	EPAM	EPAM Systems	Pair Corr
0.76	LTIM	LTIMindtree Limited	Pair Corr
0.63	COFORGE	Coforge Limited	Pair Corr

Moving against Formula Stock

0.77	IT	Gartner	Pair Corr
0.75	301165	Ruijie Networks	Pair Corr
0.72	BEO	Beonic	Pair Corr
0.71	KD	Kyndryl Holdings	Pair Corr
0.68	300002	Beijing Ultrapower	Pair Corr
0.67	FCSSOFT	FCS Software Solutions	Pair Corr
0.66	GLE	Global Engine Group	Pair Corr
0.64	DUG	DUG Technology	Pair Corr
0.63	BAH	Booz Allen Hamilton	Pair Corr
0.6	DIGISPICE	DiGiSPICE Technologies	Pair Corr
0.59	002642	Ronglian Group	Pair Corr
0.47	DXYZ	Destiny Tech100 Normal Trading	Pair Corr
0.47	DOX	Amdocs	Pair Corr
0.42	688201	Beijing Infosec Tech	Pair Corr
0.42	DXC	DXC Technology	Pair Corr
0.37	GIB	CGI Inc	Pair Corr
0.77	UIS	Unisys	Pair Corr
0.75	AIRAN	Airan Limited	Pair Corr
0.67	YAAS	Youxin Technology Tech Boost	Pair Corr
0.67	301428	Shijihengtong Technology	Pair Corr
0.6	300287	Beijing Philisense Tech	Pair Corr
0.59	603613	Beijing United Infor	Pair Corr
0.5	RSYSTEMS	R Systems International	Pair Corr
0.47	SOC	Soco	Pair Corr

Related Correlations Analysis

	DREUF	REXR	HTRC	RTTGF	SULMF	ANGGF	CIAFF
DREUF		0.21	0.0	-0.37	-0.02	-0.04	-0.07	DREUF
REXR	0.21		0.0	-0.18	-0.12	0.42	-0.29	REXR
HTRC	0.0	0.0		0.0	0.0	0.0	0.0	HTRC
RTTGF	-0.37	-0.18	0.0		0.2	0.45	0.59	RTTGF
SULMF	-0.02	-0.12	0.0	0.2		0.05	0.14	SULMF
ANGGF	-0.04	0.42	0.0	0.45	0.05		0.16	ANGGF
CIAFF	-0.07	-0.29	0.0	0.59	0.14	0.16		CIAFF
	DREUF	REXR	HTRC	RTTGF	SULMF	ANGGF	CIAFF

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

CIAFF	+ 0.59	RTTGF
ANGGF	+ 0.45	RTTGF
ANGGF	+ 0.42	REXR
REXR	+ 0.21	DREUF
SULMF	+ 0.2	RTTGF
CIAFF	+ 0.16	ANGGF

High negative correlations

RTTGF	- 0.37	DREUF
CIAFF	- 0.29	REXR
RTTGF	- 0.18	REXR
SULMF	- 0.12	REXR
CIAFF	- 0.07	DREUF
ANGGF	- 0.04	DREUF

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
DREUF	0.81	0.03	(0.03)	0.24	0.97	(0.92)	1.53	(1.89)	7.11
REXR	0.98	(0.04)	(0.04)	0.03	1.15	(1.24)	2.30	(1.66)	7.27
HTRC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RTTGF	0.43	0.22	0.00	(4.87)	0.00	0.00	0.00	0.00	9.09
SULMF	295.50	141.23	0.00	1.56	0.00	0.00	0.00	0.00	9,900
ANGGF	2.51	0.94	0.00	0.67	0.00	0.00	0.00	0.00	79.86
CIAFF	1.55	0.46	0.26	0.85	1.10	(2.27)	3.04	(2.57)	14.80

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

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