MAGIC is a system of two Imaging Atmospheric Cherenkov Telescopes sensitive above ~60 GeV, and located on the Canary Island of La Palma at the height of 2200 m.a.s.l. Since Autumn 2009 both telescopes are working together in stereoscopic mode. We use
both Crab Nebula observations and Monte Carlo simulations to evaluate the performance of the system. Advanced stereo analysis allows MAGIC to achieve a sensitivity better than 0.8% of the Crab Nebula flux in 50 h of observations in the medium energy range (around a few hundred GeV). At those energies the angular resolution is better than 0.07{circ}, and the energy resolution is as good as 16%. We perform also a detailed study of possible systematics effects for the MAGIC telescopes.
The MAGIC gamma-ray observatory has recently been upgraded by a second Cherenkov telescope at a distance of 85 m from the first one. Simultaneous observation of air showers with the two MAGIC telescopes (stereoscopic mode) will improve the reconstruc
tion of the shower axis and solve the ambiguity in the impact point occurring in single-telescope mode. Also, the stereo observation will result in a better angular resolution, energy estimation and cosmic-ray background rejection. It is expected that the sensitivity of MAGIC improves significantly over the full energy range (60 GeV - 20 TeV). Here, we present the performance estimated from Monte Carlo simulations.
With the commissioning of the second MAGIC gamma-ray Cherenkov telescope situated close to MAGIC-I, the standard analysis package of the MAGIC collaboration, MARS, has been upgraded in order to perform the stereoscopic reconstruction of the detected
atmospheric showers. MARS is a ROOT-based code written in C++, which includes all the necessary algorithms to transform the raw data recorded by the telescopes into information about the physics parameters of the observed targets. An overview of the methods for extracting the basic shower parameters is presented, together with a description of the tools used in the background discrimination and in the estimation of the gamma-ray source spectra.
