Formula (Israel) Market Value
| FORTY Stock | ILS 35,970 370.00 1.04% |
| Symbol | Formula |
Formula 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Formula's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Formula.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Formula on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Formula or generate 0.0% return on investment in Formula over 90 days. Formula is related to or competes with Sapiens International, Magic Software, Nova, Nice, and Matrix. Formula Systems Ltd., through its subsidiaries, provides software, proprietary and non-proprietary software, and softwar... More
Formula Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Formula's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Formula upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | 0.1789 | |||
| Maximum Drawdown | 6.43 | |||
| Value At Risk | (2.47) | |||
| Potential Upside | 3.03 |
Formula Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Formula's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Formula's standard deviation. In reality, there are many statistical measures that can use Formula historical prices to predict the future Formula's volatility.| Risk Adjusted Performance | 0.1154 | |||
| Jensen Alpha | 0.2252 | |||
| Total Risk Alpha | 0.4649 | |||
| Sortino Ratio | 0.1899 | |||
| Treynor Ratio | (7.52) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Formula's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Formula Backtested Returns
Currently, Formula is very steady. Formula secures Sharpe Ratio (or Efficiency) of 0.0515, which denotes the company had a 0.0515 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Formula, which you can use to evaluate the volatility of the firm. Please confirm Formula's Coefficient Of Variation of 791.03, mean deviation of 1.5, and Downside Deviation of 1.78 to check if the risk estimate we provide is consistent with the expected return of 0.1%. Formula has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0304, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Formula are expected to decrease at a much lower rate. During the bear market, Formula is likely to outperform the market. Formula right now shows a risk of 1.99%. Please confirm Formula expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if Formula will be following its price patterns.
Auto-correlation | -0.45 |
Modest reverse predictability
Formula has modest reverse predictability. Overlapping area represents the amount of predictability between Formula time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Formula price movement. The serial correlation of -0.45 indicates that just about 45.0% of current Formula price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.45 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.1 M |
Formula lagged returns against current returns
Autocorrelation, which is Formula stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Formula's stock expected returns. We can calculate the autocorrelation of Formula returns to help us make a trade decision. For example, suppose you find that Formula has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Formula regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Formula stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Formula stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Formula stock over time.
Current vs Lagged Prices |
| Timeline |
Formula Lagged Returns
When evaluating Formula's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Formula stock have on its future price. Formula autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Formula autocorrelation shows the relationship between Formula stock current value and its past values and can show if there is a momentum factor associated with investing in Formula.
Regressed Prices |
| Timeline |
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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.