Mgic Investment Corp Stock Market Value
| MTG Stock | USD 20.51 0.04 0.19% |
| Symbol | MGIC |
MGIC Investment Corp Price To Book Ratio
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 0.43 | Earnings Share 2.49 | 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.
MGIC Investment 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to MGIC Investment's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of MGIC Investment.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in MGIC Investment on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding MGIC Investment Corp or generate 0.0% return on investment in MGIC Investment over 30 days. MGIC Investment is related to or competes with MBIA, James River, Employers Holdings, AMERISAFE, and Investors Title. MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk m... More
MGIC Investment Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure MGIC Investment's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess MGIC Investment Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 10.93 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 1.79 |
MGIC Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MGIC Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MGIC Investment's standard deviation. In reality, there are many statistical measures that can use MGIC Investment historical prices to predict the future MGIC Investment's volatility.| Risk Adjusted Performance | 0.0233 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0281 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MGIC Investment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MGIC Investment Corp Backtested Returns
We consider MGIC Investment very steady. MGIC Investment Corp has Sharpe Ratio of 0.079, which conveys that the firm had a 0.079% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for MGIC Investment, which you can use to evaluate the volatility of the firm. Please verify MGIC Investment's mean deviation of 1.09, and Risk Adjusted Performance of 0.0233 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. MGIC Investment has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 1.18, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MGIC Investment will likely underperform. MGIC Investment Corp now secures a risk of 1.59%. Please verify MGIC Investment Corp downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if MGIC Investment Corp will be following its current price movements.
Auto-correlation | -0.83 |
Excellent reverse predictability
MGIC Investment Corp has excellent reverse predictability. Overlapping area represents the amount of predictability between MGIC Investment time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MGIC Investment Corp price movement. The serial correlation of -0.83 indicates that around 83.0% of current MGIC Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
MGIC Investment Corp lagged returns against current returns
Autocorrelation, which is MGIC Investment stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting MGIC Investment's stock expected returns. We can calculate the autocorrelation of MGIC Investment returns to help us make a trade decision. For example, suppose you find that MGIC Investment has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
MGIC Investment regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If MGIC Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MGIC Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MGIC Investment stock over time.
Current vs Lagged Prices |
| Timeline |
MGIC Investment Lagged Returns
When evaluating MGIC Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MGIC Investment stock have on its future price. MGIC Investment autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, MGIC Investment autocorrelation shows the relationship between MGIC Investment stock current value and its past values and can show if there is a momentum factor associated with investing in MGIC Investment Corp.
Regressed Prices |
| Timeline |
MGIC Investment Investors Sentiment
The influence of MGIC Investment's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in MGIC. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to MGIC Investment's public news can be used to forecast risks associated with an investment in MGIC. The trend in average sentiment can be used to explain how an investor holding MGIC can time the market purely based on public headlines and social activities around MGIC Investment Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
MGIC Investment's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for MGIC Investment's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average MGIC Investment's news discussions. The higher the estimated score, the more favorable is the investor's outlook on MGIC Investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MGIC Investment in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MGIC Investment's short interest history, or implied volatility extrapolated from MGIC Investment options trading.
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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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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.