Formula (Israel) Today
| FORTY Stock | ILS 28,240 430.00 1.55% |
Performance11 of 100
| Odds Of DistressLess than 9
|
Formula is selling for under 28240.00 as of the 24th of April 2024; that is 1.55 percent increase since the beginning of the trading day. The stock's last reported lowest price was 27810.0. Formula has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Formula are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of February 2024 and ending today, the 24th of April 2024. Click here to learn more.
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.. The company has 15.32 M outstanding shares. More on Formula
Moving together with Formula Stock
| 0.72 | HRON | Hiron Trade Investments | PairCorr |
| 0.62 | DIFI | Direct Finance TA | PairCorr |
Moving against Formula Stock
| 0.63 | ARAD | Arad Investment Indu | PairCorr |
Follow Valuation Odds of Bankruptcy
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Formula Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Formula's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Formula or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chief Executive Officer | Guy Bernstein |
| Business Concentration | Information Technology, IT Services, Information Technology Services, Information Technology (View all Sectors) |
Formula (FORTY) is traded on Tel Aviv Stock Exchange in Israel and employs 20,333 people. The company currently falls under 'Mid-Cap' category with a current market capitalization of 4.21 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Formula's market, we take the total number of its shares issued and multiply it by Formula's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Formula operates under IT Services sector and is part of Information Technology industry. The entity has 15.32 M outstanding shares.
Formula has accumulated about 389.86 M in cash with 208.48 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 25.51.
Check Formula Probability Of Bankruptcy
Ownership AllocationFormula holds a total of 15.32 Million outstanding shares. Formula retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Formula Ownership Details
Formula Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Formula jumping above the current price in 90 days from now is about 20.68%. The Formula probability density function shows the probability of Formula stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Formula has a beta of -0.2738. This usually indicates as returns on the benchmark increase, returns on holding Formula are expected to decrease at a much lower rate. During a bear market, however, Formula is likely to outperform the market. Additionally, formula has an alpha of 0.2539, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Formula to move above the current price in 90 days from now is about 20.68 (This Formula probability density function shows the probability of Formula Stock to fall within a particular range of prices over 90 days) .
Formula Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Formula market risk premium is the additional return an investor will receive from holding Formula long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Formula. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Formula's alpha and beta are two of the key measurements used to evaluate Formula's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.64 | |||
| Semi Deviation | 1.52 | |||
| Standard Deviation | 1.99 | |||
| Variance | 3.98 |
Formula Stock Against Markets
Picking the right benchmark for Formula stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Formula stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Formula is critical whether you are bullish or bearish towards Formula at a given time. Please also check how Formula's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Formula without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Formula Corporate Directors
Formula corporate directors refer to members of a Formula board of directors. The board of directors generally takes responsibility for the Formula's affairs and long-term 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's board members must vote for the resolution. The Formula 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 |
How to buy Formula Stock?
Before investing in Formula, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Formula. To buy Formula stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Formula. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Formula stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Formula stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Formula stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Formula, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Formula?
The danger of trading Formula is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Formula 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. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Formula is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Formula. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary 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.
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