Vegvisir - a 'sign post' or 'runic compass', is an Icelandic magical stave intended to help the bearer find their way through rough weather. A page in the Huld Manuscript includes the image of the sigil and states that if this sign is carried, one will never lose his/her way in storms or bad weather even when the way is not know.
Futhark, or runic alphabet, goes around the Vegvisir. The runic alphabet is a collection of magical symbols. The runes have names, phonetic and magical meanings.