Formula Systems Correlations
FORTY Stock  USD 76.76 0.23 0.30% 
The correlation of Formula Systems is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between 1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Formula Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Formula Systems 1985 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Formula Systems 1985 and NYA is 0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Formula Systems 1985 and NYA in the same portfolio, assuming nothing else is changed.
Formula 
The ability to find closely correlated positions to Formula Systems could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Formula Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Formula Systems  that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Formula Systems 1985 to buy it.
Moving together with Formula Stock
0.85  FI  Fiserv Inc  Symbol Change  PairCorr 
0.77  KD  Kyndryl Holdings  Financial Report 21st of May 2024  PairCorr 
0.75  DTST  Data Storage Corp  Upward Rally  PairCorr 
0.76  ACN  Accenture Plc  Report 28th of March 2024  PairCorr 
0.87  FIS  Fidelity National  Financial Report 25th of April 2024  PairCorr 
0.8  GIB  CGI Inc  Financial Report 24th of April 2024  PairCorr 
0.76  IBM  International Business  Fiscal Quarter End 31st of March 2024  PairCorr 
Moving against Formula Stock
0.77  VNET  VNET Group DRC  Report 19th of March 2024  PairCorr 
0.77  DXC  DXC Technology  Financial Report 16th of May 2024  PairCorr 
0.69  GMM  Global Mofy Metaverse  PairCorr  
0.52  JFU  9F Inc  Report 21st of May 2024  PairCorr 
0.51  GDS  GDS Holdings  Report 20th of March 2024  PairCorr 
Related Correlations Analysis
DTST  G  VNET  WAVD  DMRC  EXLS  FI  
DTST  0.35  0.74  0.51  0.39  0.04  0.8  DTST  
G  0.35  0.66  0.0  0.65  0.67  0.68  G  
VNET  0.74  0.66  0.39  0.64  0.47  0.92  VNET  
WAVD  0.51  0.0  0.39  0.09  0.34  0.23  WAVD  
DMRC  0.39  0.65  0.64  0.09  0.55  0.66  DMRC  
EXLS  0.04  0.67  0.47  0.34  0.55  0.49  EXLS  
FI  0.8  0.68  0.92  0.23  0.66  0.49  FI  
DTST  G  VNET  WAVD  DMRC  EXLS  FI 
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

RiskAdjusted 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 riskadjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and riskadjusted expected returns across various positions.Mean Deviation  Jensen Alpha  Sortino Ratio  Treynor Ratio  Semi Deviation  Expected Shortfall  Potential Upside  Value @Risk  Maximum Drawdown  

DTST  2.73  0.54  0.15  0.93  2.76  5.94  23.07  
G  0.90  (0.14)  (0.09)  0.02  1.36  1.87  7.27  
VNET  3.14  (0.96)  0.00  (1.07)  0.00  7.10  21.66  
WAVD  7.59  (0.32)  (0.01)  0.04  10.20  21.76  66.08  
DMRC  2.62  (0.20)  0.01  0.07  3.79  5.23  21.05  
EXLS  1.19  (0.03)  0.02  0.13  1.24  2.78  9.01  
FI  0.61  0.16  0.11  0.40  0.53  1.48  4.13 
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Formula Systems Corporate Directors
Formula Systems corporate directors refer to members of a Formula Systems board of directors. The board of directors generally takes responsibility for the Formula Systems' affairs and longterm direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Formula Systems' board members must vote for the resolution. The Formula Systems board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Rafal Kozlowski  Director  Profile  
Eliahu Zamir  External Director  Profile  
Eliyahu Zamir  Director  Profile  
Dafna Cohen  Director  Profile 
Already Invested in Formula Systems 1985?
The danger of trading Formula Systems 1985 is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of riskadjusted return before you start trading. The most common way to measure the risk of Formula Systems is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Formula Systems. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Formula Systems 1985 is, you must compare it to a benchmark. Traditionally, the riskfree rate of return is the rate of return on the shortestdated U.S. Treasury, such as a 3year bond.
When determining whether Formula Systems 1985 offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Formula Systems' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Formula Systems 1985 Stock. Outlined below are crucial reports that will aid in making a wellinformed decision on Formula Systems 1985 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 tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
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When running Formula Systems' price analysis, check to measure Formula Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Formula Systems is operating at the current time. Most of Formula Systems' value examination focuses on studying past and present price action to predict the probability of Formula Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formula Systems' price. Additionally, you may evaluate how the addition of Formula Systems to your portfolios can decrease your overall portfolio volatility.
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Is Formula Systems' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Formula Systems. If investors know Formula will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Formula Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.08)  Dividend Share 0.603  Earnings Share 4.07  Revenue Per Share 172.389  Quarterly Revenue Growth 0.029 
The market value of Formula Systems 1985 is measured differently than its book value, which is the value of Formula that is recorded on the company's balance sheet. Investors also form their own opinion of Formula Systems' value that differs from its market value or its book value, called intrinsic value, which is Formula Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Formula Systems' market value can be influenced by many factors that don't directly affect Formula Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Formula Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Formula Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Formula Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.