32 Stocks and 68 ETFs for diversifying Magic Software Enterprises (MGIC)
The least correlated asset to Magic Software Enterprises (MGIC) is ETF TNGY (TORTOISE ENERGY ETF). The correlation is -0.7434.
Stocks that lowly correlated with MGIC
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| FRBN | Forbion European Acquisition Corp - Class A | $343M | Financial Services | Shell Companies | -0.64 |
| KG | KING PHARMACEUTICALS INC | $85M | Financial Services | Insurance - Reinsurance | -0.61 |
| WTF | Waton Financial Ltd | $141M | Financial Services | Capital Markets | -0.61 |
| SAFX | XCF Global Inc | $126M | Utilities | Utilities - Renewable | -0.60 |
| XHLD | TEN Holdings Inc | $5.69M | Communication Services | Broadcasting | -0.54 |
| CURB | Curbline Properties Corp | $3.06B | Real Estate | Reit - Retail | -0.51 |
| STBX | Starbox Group Holdings Ltd | $1.14M | Communication Services | Internet Content & Information | -0.50 |
| GDST | Goldenstone Acquisition Ltd | $23M | Financial Services | Shell Companies | -0.50 |
| SOBO | South Bow Corporation | $7.76B | N/A | N/A | -0.50 |
| NCI | Neo Concept International Group Holdings Ltd | $22M | Consumer Cyclical | Apparel Manufacturing | -0.48 |
| HYAC-U | Haymaker Acquisition Corp 4 - Units (1 Ord Class A & 1/2 War) | $65M | N/A | N/A | -0.47 |
| WSBK | Winchester Bancorp Inc | $119M | Financial Services | Banks - Regional | -0.45 |
| SLGC | SomaLogic Inc - Class A | $393M | Healthcare | Health Information Services | -0.45 |
| MCTR | CTRL Group Ltd | $15M | Communication Services | Advertising Agencies | -0.44 |
| BRLS | Borealis Foods Inc - Class A | $31M | Consumer Defensive | Packaged Foods | -0.44 |
| EQV | EQV Ventures Acquisition Corp. | $466M | Financial Services | Shell Companies | -0.44 |
| BMGL | Basel Medical Group Ltd | $11M | Healthcare | Medical Care Facilities | -0.43 |
| ENGS | Energys Group Ltd | $12M | Industrials | Waste Management | -0.42 |
| ANL | Adlai Nortye Ltd | $317M | Healthcare | Biotechnology | -0.39 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.39 |
| JMACU | Maxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War) | $150M | N/A | N/A | -0.39 |
| IBAC | IB Acquisition Corp | $46M | Financial Services | Shell Companies | -0.38 |
| MLEC | Moolec Science SA | $10M | Healthcare | Biotechnology | -0.38 |
| EMA | Emera Incorporated | $16B | Utilities | Utilities - Regulated Electric | -0.38 |
| STAK | Stak Inc | $17M | Energy | Oil & Gas Equipment & Services | -0.37 |
| ASIC | Ategrity Specialty Holdings LLC | $969M | Financial Services | Insurance - Property & Casualty | -0.37 |
| ANNA | AleAnna Inc - Class A | $122M | Energy | Oil & Gas E&p | -0.37 |
| LNKS | Linkers Industries Ltd - Class A | $16M | Industrials | Electrical Equipment & Parts | -0.37 |
| GRO | Brazil Potash Corp | $132M | Basic Materials | Other Industrial Metals & Mining | -0.36 |
| TRUG | TruGolf Holdings Inc - Class A | $1.24M | Consumer Cyclical | Leisure | -0.36 |
| PFAI | Pinnacle Food Group Ltd - Class A | $46M | Consumer Defensive | Farm Products | -0.36 |
| NAMM | Namib Minerals. | $77M | Basic Materials | Gold | -0.35 |