Formula (Israel) Price on December 11, 2024
| FORTY Stock | ILS 32,500 110.00 0.34% |
If you're considering investing in Formula Stock, it is important to understand the factors that can impact its price. As of today, the current price of Formula stands at 32,500, as last reported on the 29th of March, with the highest price reaching 32,550 and the lowest price hitting 31,930 during the day. Currently, Formula is very steady. Formula secures Sharpe Ratio (or Efficiency) of 0.0768, which denotes the company had a 0.0768 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Formula, which you can use to evaluate the volatility of the firm. Please confirm Formula's Standard Deviation of 1.93, variance of 3.72, and Mean Deviation of 1.51 to check if the risk estimate we provide is consistent with the expected return of 0.15%.
Formula Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Formula |
Sharpe Ratio = 0.0768
| Best Portfolio | Best Equity | |||
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| Small Returns | FORTY | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.96 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.15 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Formula is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Formula by adding it to a well-diversified portfolio.
Formula Valuation on December 11, 2024
It is possible to determine the worth of Formula on a given historical date. On December 11, 2024 Formula was worth 34950.0 at the beginning of the trading date compared to the closed value of 35000.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Formula stock. Still, in general, we apply an absolute valuation method to find Formula's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Formula where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Formula's related companies.
| Open | High | Low | Close | Volume | |
| 34,510 | 35,240 | 34,370 | 34,950 | 12,511 | |
12/11/2024 | 34,950 | 35,410 | 34,500 | 35,000 | 17,288 |
| 35,000 | 35,000 | 34,140 | 34,370 | 7,983 |
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Formula Trading Date Momentum on December 11, 2024
| On December 12 2024 Formula was traded for 34,370 at the closing time. The highest price during the trading period was 35,000 and the lowest recorded bid was listed for 34,140 . The volume for the day was 8 K. This history from December 12, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.80% . The overall trading delta to the current price is 2.89% . |
Formula Fundamentals Correlations and Trends
By evaluating Formula's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Formula's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Formula financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Formula Stock history
Formula investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Formula is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Formula will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Formula stock prices may prove useful in developing a viable investing in Formula
Formula Systems Ltd., through its subsidiaries, provides software, proprietary and non-proprietary software, and software product marketing and support services. Formula Systems Ltd. was founded in 1985 and is headquartered in Or Yehuda, Israel. FORMULA SYST is traded on Tel Aviv Stock Exchange in Israel.
Formula Stock Technical Analysis
Formula technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Formula Period Price Range
Low | March 29, 2025
| High |
0.00 | 0.00 |
Formula cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Formula March 29, 2025 Market Strength
Market strength indicators help investors to evaluate how Formula stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Formula shares will generate the highest return on investment. By undertsting and applying Formula stock market strength indicators, traders can identify Formula entry and exit signals to maximize returns
Formula Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Formula's price direction in advance. Along with the technical and fundamental analysis of Formula Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Formula to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0036 | |||
| Jensen Alpha | 0.004 | |||
| Total Risk Alpha | 0.1065 | |||
| Treynor Ratio | (0.04) |
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Additional Tools for Formula Stock Analysis
When running Formula's price analysis, check to measure Formula's 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 is operating at the current time. Most of Formula's value examination focuses on studying past and present price action to predict the probability of Formula's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formula's price. Additionally, you may evaluate how the addition of Formula to your portfolios can decrease your overall portfolio volatility.