Formula (Israel) Market Value
| FORTY Stock | ILS 27,510 350.00 1.29% |
| 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.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Formula on April 3, 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 30 days. Formula is related to or competes with Teva Pharmaceutical, Elbit Systems, Bezeq Israeli, and ICL Israel. 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 | 1.51 | |||
| Information Ratio | 0.0985 | |||
| Maximum Drawdown | 7.6 | |||
| Value At Risk | (2.20) | |||
| Potential Upside | 3.52 |
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 | 0.089 | |||
| Jensen Alpha | 0.2406 | |||
| Total Risk Alpha | 0.0977 | |||
| Sortino Ratio | 0.1215 | |||
| Treynor Ratio | (0.84) |
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
Formula appears to be very steady, given 3 months investment horizon. Formula secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the company had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Formula, which you can use to evaluate the volatility of the firm. Please utilize Formula's Mean Deviation of 1.55, coefficient of variation of 780.36, and Downside Deviation of 1.51 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Formula holds a performance score of 14. The firm shows a Beta (market volatility) of -0.27, 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. Please check Formula's expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to make a quick decision on whether Formula's price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Formula has insignificant reverse predictability. Overlapping area represents the amount of predictability between Formula time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 2024. 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 -0.14 indicates that less than 14.0% of current Formula price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 139.6 K |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Formula in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Formula's short interest history, or implied volatility extrapolated from Formula options trading.
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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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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.