Magic Software (Israel) Performance
| MGIC Stock | ILA 4,453 33.00 0.75% |
On a scale of 0 to 100, Magic Software holds a performance score of 10. The company secures a Beta (Market Risk) of -0.23, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Magic Software are expected to decrease at a much lower rate. During the bear market, Magic Software is likely to outperform the market. Please check Magic Software's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Magic Software's current price movements will revert.
Risk-Adjusted Performance
10 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Magic Software Enterprises are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Magic Software sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
| Begin Period Cash Flow | 88.1 M | |
| Total Cashflows From Investing Activities | -16.9 M |
Magic |
Magic Software Relative Risk vs. Return Landscape
If you would invest 387,600 in Magic Software Enterprises on January 26, 2024 and sell it today you would earn a total of 57,700 from holding Magic Software Enterprises or generate 14.89% return on investment over 90 days. Magic Software Enterprises is generating 0.3174% of daily returns and assumes 2.4049% volatility on return distribution over the 90 days horizon. Simply put, 21% of stocks are less volatile than Magic, and 94% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Magic Software Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magic Software's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Magic Software Enterprises, and traders can use it to determine the average amount a Magic Software's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.132
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.4 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Magic Software is performing at about 10% 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 Magic Software by adding it to a well-diversified portfolio.
Magic Software Fundamentals Growth
Magic Stock prices reflect investors' perceptions of the future prospects and financial health of Magic Software, and Magic Software fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Magic Stock performance.
| Return On Equity | 0.15 | |||
| Return On Asset | 0.0809 | |||
| Profit Margin | 0.07 % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 2.73 B | |||
| Shares Outstanding | 49.09 M | |||
| Price To Book | 3.18 X | |||
| Price To Sales | 4.90 X | |||
| Revenue | 480.32 M | |||
| EBITDA | 63.09 M | |||
| Cash And Equivalents | 92.32 M | |||
| Cash Per Share | 1.88 X | |||
| Total Debt | 22.17 M | |||
| Debt To Equity | 0.27 % | |||
| Book Value Per Share | 5.13 X | |||
| Cash Flow From Operations | 37.81 M | |||
| Earnings Per Share | 2.23 X | |||
| Total Asset | 492.05 M | |||
| Current Asset | 128 M | |||
| Current Liabilities | 39 M | |||
About Magic Software Performance
To evaluate Magic Software Enter Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Magic Software generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Magic Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Magic Software Enter market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Magic's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies outsourcing software services in Israel and internationally. Magic Software Enterprises Ltd. was incorporated in 1983 and is headquartered in Or Yehuda, Israel. MAGIC SOFTWARE operates under Information Technology Services classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 3677 people.Things to note about Magic Software Enter performance evaluation
Checking the ongoing alerts about Magic Software for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Magic Software Enter help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| About 48.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Magic Software's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Magic Software's stock is overvalued or undervalued compared to its peers.
- Examining Magic Software's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Magic Software's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Magic Software's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Magic Software's stock. These opinions can provide insight into Magic Software's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic Software Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Magic Stock analysis
When running Magic Software's price analysis, check to measure Magic Software'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 Magic Software is operating at the current time. Most of Magic Software's value examination focuses on studying past and present price action to predict the probability of Magic Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magic Software's price. Additionally, you may evaluate how the addition of Magic Software to your portfolios can decrease your overall portfolio volatility.
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