Magic Software Correlations
| MGIC Stock | USD 10.99 0.07 0.64% |
The current 90-days correlation between Magic Software Enter and Computer Task Group is -0.09 (i.e., Good diversification). The correlation of Magic Software is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Magic Software Correlation With Market
Good diversification
The correlation between Magic Software Enterprises and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Magic Software Enterprises and DJI in the same portfolio, assuming nothing else is changed.
Magic |
Moving together with Magic Stock
Moving against Magic Stock
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Magic Stock performing well and Magic Software 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 Magic Software's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CTG | 1.34 | 0.27 | 0.08 | (1.00) | 1.26 | 2.72 | 8.01 | |||
| HCKT | 1.36 | 0.10 | 0.15 | 0.18 | 0.93 | 2.61 | 19.63 | |||
| CSPI | 2.24 | 0.15 | 0.07 | 0.22 | 2.62 | 4.30 | 9.61 | |||
| NYAX | 2.36 | 0.48 | 0.07 | (0.33) | 2.69 | 6.75 | 19.01 | |||
| FORTY | 1.74 | 0.25 | 0.01 | (0.23) | 2.62 | 3.65 | 14.81 | |||
| IBEX | 1.65 | 0.17 | 0.13 | 0.25 | 1.37 | 3.24 | 21.02 | |||
| INOD | 4.96 | 1.36 | 0.35 | 0.50 | 3.77 | 9.36 | 90.24 | |||
| ASGN | 1.52 | (0.29) | 0.00 | (0.02) | 0.00 | 3.32 | 13.02 |
Magic Software Corporate Management
| Yael Ilan | Chief Solutions | Profile | |
| Idan Faingold | Chief Ltd | Profile | |
| Asaf CPA | Chief Officer | Profile | |
| Karin Netzer | Chief Officer | Profile |