Mgic Investment Corp Stock Price on May 14, 2024
| MTG Stock | USD 20.86 0.19 0.92% |
Below is the normalized historical share price chart for MGIC Investment Corp extending back to August 07, 1991. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of MGIC Investment stands at 20.86, as last reported on the 31st of May, with the highest price reaching 20.86 and the lowest price hitting 20.86 during the day.
If you're considering investing in MGIC Stock, it is important to understand the factors that can impact its price. We consider MGIC Investment very steady. MGIC Investment Corp has Sharpe Ratio of 0.0587, which conveys that the firm had a 0.0587% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for MGIC Investment, which you can use to evaluate the volatility of the firm. Please verify MGIC Investment's risk adjusted performance of 0.0511, and Mean Deviation of 1.06 to check out if the risk estimate we provide is consistent with the expected return of 0.0943%.
At this time, MGIC Investment's Stock Based Compensation is most likely to increase significantly in the upcoming years. The MGIC Investment's current Stock Based Compensation To Revenue is estimated to increase to 0.03, while Total Stockholder Equity is projected to decrease to roughly 2.7 B. . At this time, MGIC Investment's Price To Free Cash Flows Ratio is most likely to slightly grow in the upcoming years. The MGIC Investment's current Price To Book Ratio is estimated to increase to 2.10, while Price Earnings Ratio is projected to decrease to 7.56. MGIC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 6th of August 1991 | 200 Day MA 18.8985 | 50 Day MA 20.7852 | Beta 1.237 |
MGIC |
Sharpe Ratio = 0.0587
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| Cash | Small Risk | MTG | High Risk | Huge Risk |
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Estimated Market Risk
| 1.61 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average MGIC Investment is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MGIC Investment by adding it to a well-diversified portfolio.
Price Book 1.0463 | Price Sales 4.5942 | Shares Float 262.4 M | Dividend Share 0.445 | Wall Street Target Price 22.56 |
Related Headline
MBIA Headline on 14th of May 2024
Acquisition by Theodore Shasta of 16502 shares of MBIA at 6.... by Theodore Shasta
Filed transaction by MBIA Inc Director. Grant, award or other acquisition pursuant to Rule 16b-3(d)
MGIC Investment Valuation on May 14, 2024
It is possible to determine the worth of MGIC Investment on a given historical date. On May 14, 2024 MGIC was worth 21.16 at the beginning of the trading date compared to the closed value of 20.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MGIC Investment stock. Still, in general, we apply an absolute valuation method to find MGIC Investment's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of MGIC Investment where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MGIC Investment's related companies.
| Open | High | Low | Close | Volume | |
| 21.34 | 21.39 | 21.05 | 21.08 | 1,255,078 | |
05/14/2024 | 21.16 | 21.26 | 20.77 | 20.94 | 1,944,397 |
| 21.01 | 21.10 | 20.84 | 21.06 | 1,364,912 |
| Backtest MGIC Investment | | | MGIC Investment History | | | MGIC Investment Valuation | Previous | Next |
MGIC Investment Trading Date Momentum on May 14, 2024
| On May 15 2024 MGIC Investment Corp was traded for 21.06 at the closing time. Highest MGIC Investment's price during the trading hours was 21.10 and the lowest price during the day was 20.84 . The net volume was 1.4 M. The overall trading history on the 15th of May 2024 contributed to the next trading period price rise. The trading delta at closing time to the next next day price was 0.57% . The trading delta at closing time to current price is 2.15% . |
MGIC Investment Corp Fundamentals Correlations and Trends
By evaluating MGIC Investment's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among MGIC Investment's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MGIC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MGIC Investment Stock history
MGIC Investment investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for MGIC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MGIC Investment Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing MGIC Investment stock prices may prove useful in developing a viable investing in MGIC Investment
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 287.2 M | 225.9 M | |
| Net Income Applicable To Common Shares | 995.2 M | 1 B |
MGIC Investment Stock Technical Analysis
MGIC Investment 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.
Price Boundaries
MGIC Investment Period Price Range
Low | May 14, 2024
| High |
21.16 | 20.94 |
MGIC Investment May 31, 2024 Market Strength
Market strength indicators help investors to evaluate how MGIC Investment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MGIC Investment shares will generate the highest return on investment. By undertsting and applying MGIC Investment stock market strength indicators, traders can identify MGIC Investment Corp entry and exit signals to maximize returns
| Accumulation Distribution | 44814.42 | |||
| Daily Balance Of Power | (0.45) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 21.02 | |||
| Day Typical Price | 20.99 | |||
| Price Action Indicator | (0.18) | |||
| Period Momentum Indicator | (0.08) |
MGIC Investment Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MGIC Investment's price direction in advance. Along with the technical and fundamental analysis of MGIC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MGIC to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0511 | |||
| Jensen Alpha | 0.0897 | |||
| Total Risk Alpha | 0.0724 | |||
| Sortino Ratio | 0.0594 | |||
| Treynor Ratio | 0.0799 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for MGIC Stock analysis
When running MGIC Investment's price analysis, check to measure MGIC Investment'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 MGIC Investment is operating at the current time. Most of MGIC Investment's value examination focuses on studying past and present price action to predict the probability of MGIC Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGIC Investment's price. Additionally, you may evaluate how the addition of MGIC Investment to your portfolios can decrease your overall portfolio volatility.
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Is MGIC Investment's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGIC Investment. If investors know MGIC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGIC Investment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.217 | Dividend Share 0.445 | Earnings Share 2.58 | Revenue Per Share 4.186 | Quarterly Revenue Growth 0.037 |
The market value of MGIC Investment Corp is measured differently than its book value, which is the value of MGIC that is recorded on the company's balance sheet. Investors also form their own opinion of MGIC Investment's value that differs from its market value or its book value, called intrinsic value, which is MGIC Investment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGIC Investment's market value can be influenced by many factors that don't directly affect MGIC Investment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGIC Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if MGIC Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGIC Investment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.