MGIC Competitors

Stocks . Germany . 
Stock . MGIC INVESTMENT
MGC Stock  EUR 24.40  0.60  2.52%   
MGIC INVESTMENT competes with SMA Solar, Firan Technology, Vishay Intertechnology, Micron Technology, and Wayside Technology; as well as few others. The company operates under Other sector and is part of Other industry. Analyzing MGIC INVESTMENT competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of MGIC INVESTMENT to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out MGIC INVESTMENT Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of MGIC INVESTMENT competition on your existing holdings.
  
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
23.1124.4025.69
Details
Intrinsic
Valuation
LowRealHigh
22.4323.7225.01
Details
Naive
Forecast
LowNextHigh
23.8225.1226.41
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
22.6523.4524.25
Details

MGIC INVESTMENT Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between MGIC INVESTMENT and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of MGIC and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of MGIC INVESTMENT does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
ROW
+ 0.92
22F
ROW
+ 0.9
PYA
PYA
+ 0.89
22F
VHY
+ 0.79
S92
I9V
+ 0.77
PYA
ROW
+ 0.74
MTE
  
High negative correlations   
PYA
- 0.89
S92
ROW
- 0.88
S92
22F
- 0.86
S92
I9V
- 0.67
VHY
PYA
- 0.67
VHY
I9V
- 0.67
S92

Risk-Adjusted Indicators

There is a big difference between MGIC Stock performing well and MGIC INVESTMENT Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze MGIC INVESTMENT's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

MGIC INVESTMENT Competitive Analysis

The better you understand MGIC INVESTMENT competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, MGIC INVESTMENT's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across MGIC INVESTMENT's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
MGC S92 22F VHY MTE PYA I9V ROW
 2.52 
 24.40 
MGIC
 13.40 
 13.37 
SMA
 2.02 
 4.86 
Firan
 0.07 
 15.21 
Vishay
 1.91 
 100.22 
Micron
 3.85 
 135.00 
Wayside
 2.44 
 1.68 
TITANIUM
 1.78 
 186.15 
TEXAS
Market Volatility
(90 Days Market Risk)
Very steady
Somewhat reliable
Somewhat reliable
Not too volatile
Very steady
Very steady
Risky
Very steady
Market Performance
(90 Days Performance)
OK
Very Weak
Good
Very Weak
OK
Solid
Good
Good
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Fairly Valued
Over Valued
Under Valued
Fairly Valued
Over Valued
Under Valued
Over Valued
Under Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Cautious Hold
Strong Sell
Buy
Cautious Hold
Strong Sell
Strong Buy
Strong Sell
Strong Buy
Current Ratio
N/A
2.27 X
N/A
N/A
N/A
1.16 X
N/A
N/A
Net Asset
6.21 B
1.05 B
79.45 M
3.87 B
66.28 B
190.75 M
N/A
2.53 B
Profit Margin
N/A
(0.03) %
(0) %
N/A
N/A
0.04 %
N/A
N/A
EBITDA
N/A
9.73 M
9.49 M
774.62 M
16.88 B
14.05 M
N/A
458.67 M
Current Valuation
4.1 B
2.16 B
32.41 M
2.68 B
54.78 B
84.4 M
N/A
6.54 B
Price To Book
0.86 X
5.84 X
0.92 X
1.64 X
1.18 X
2.40 X
N/A
6.34 X
Operating Margin
N/A
(0.03) %
0.03 %
N/A
N/A
0.06 %
N/A
N/A
Five Year Return
N/A
N/A
N/A
N/A
N/A
4.15 %
N/A
N/A
Beta
N/A
1.4
1.42
N/A
N/A
0.9
N/A
N/A
Number Of Employees
N/A
3.57 K
450
N/A
N/A
268
1.1 K
N/A
Shares Outstanding
N/A
34.7 M
24.03 M
N/A
N/A
4.4 M
N/A
N/A
Cash Flow From Operations
650.01 M
94.26 M
7.63 M
484.29 M
15.18 B
4.71 M
N/A
511.73 M
Annual Yield
0.02 %
0.01 %
N/A
0.03 %
N/A
0.03 %
N/A
0.03 %
Total Debt
662.81 M
42.31 M
1.33 M
500.94 M
6.02 B
2.41 M
N/A
50 M
Return On Equity
N/A
-0.0628
-0.0019
N/A
N/A
0.22
N/A
N/A
Z Score
3.6
34.2
22.8
3.0
8.4
43.0
N/A
65.8
Return On Asset
N/A
-0.0173
0.0168
N/A
N/A
0.0539
N/A
N/A
Book Value Per Share
N/A
12.19 X
2.00 X
N/A
N/A
12.29 X
N/A
N/A
Total Asset
6.21 B
1.05 B
79.45 M
3.87 B
66.28 B
190.75 M
N/A
2.53 B
Debt To Equity
N/A
10.20 %
N/A
N/A
N/A
0.05 %
N/A
N/A
Target Price
N/A
65.3
N/A
N/A
N/A
N/A
N/A
N/A
Last Dividend Paid
N/A
N/A
N/A
N/A
N/A
0.68
N/A
0.3
Shares Owned By Institutions
N/A
24.76 %
2.63 %
N/A
N/A
44.26 %
N/A
N/A
Market Capitalization
4.12 B
2.45 B
50.52 M
2.69 B
84.84 B
170.78 M
N/A
5.41 B
Price To Earning
N/A
54.20 X
N/A
N/A
N/A
26.90 X
N/A
N/A
Price To Earnings To Growth
N/A
6.34 X
N/A
N/A
1.13 X
N/A
N/A
1.96 X
Price To Sales
3.60 X
2.45 X
0.37 X
0.91 X
1.98 X
0.47 X
N/A
1.64 X
Net Income
865.35 M
(23 M)
256 K
428.81 M
8.69 B
9.2 M
N/A
269.82 M
Earnings Per Share
N/A
(0.82) X
0.01 X
N/A
N/A
2.23 X
N/A
N/A
Shares Owned By Insiders
N/A
50.82 %
42.14 %
N/A
N/A
16.03 %
N/A
N/A
Revenue
1.17 B
983.67 M
79.36 M
3.5 B
30.76 B
282.58 M
N/A
4.01 B
Cash And Equivalents
N/A
303.42 M
N/A
N/A
N/A
23.78 M
N/A
N/A
Cash Per Share
N/A
8.74 X
N/A
N/A
N/A
5.55 X
N/A
N/A
Gross Profit
N/A
175.45 M
22.87 M
N/A
N/A
45.72 M
N/A
N/A
Day Typical Price
24.4
12.85
4.89
15.21
99.7
134.33
1.68
186.15
Accumulation Distribution
N/A
0.12
0.0242
N/A
0.0156
0.0148
N/A
N/A
Market Facilitation Index
N/A
1.56
0.12
N/A
1.56
2.0
N/A
N/A
Daily Balance Of Power
9.2 T
1.012821
(0.83)
9.2 T
1.205128
2.5
9.2 T
9.2 T
Period Momentum Indicator
0.6
1.58
(0.10)
0.01
1.88
5.0
0.04
3.25
Rate Of Daily Change
1.03
1.13
0.98
1.0
1.02
1.04
1.02
1.02
Day Median Price
24.4
12.59
4.9
15.21
99.44
134.0
1.68
186.15
Price Action Indicator
0.3
1.57
(0.09)
0.005
1.72
3.5
0.02
1.63
Coefficient Of Variation
735.19
(629.52)
667.34
(805.05)
1334.57
377.19
635.62
495.25
Mean Deviation
0.8216
2.74
1.64
1.48
2.3
2.42
1.55
1.36
Jensen Alpha
0.1193
(0.57)
0.2524
(0.49)
(0.01)
0.7488
0.3502
0.2601
Total Risk Alpha
(0.03)
(1.25)
(0.02)
(0.60)
(0.28)
0.3366
(0.01)
0.0703
Sortino Ratio
0.019
N/A
0.1105
N/A
0.0407
0.3273
0.1005
0.1842
Downside Variance
5.75
N/A
3.49
N/A
8.52
4.67
3.12
1.41
Standard Deviation
1.28
3.94
2.24
2.12
3.3
3.15
1.94
1.72
Kurtosis
7.93
4.04
2.11
6.62
5.19
2.24
(0.15)
0.3209
Potential Upside
2.38
4.99
4.05
2.91
4.81
6.86
4.0
3.46
Treynor Ratio
0.4342
1.24
0.5307
(0.15)
0.1155
1.27
(0.65)
0.5189
Maximum Drawdown
7.88
25.26
12.43
13.48
18.68
17.12
6.98
7.11
Variance
1.64
15.5
5.0
4.51
10.9
9.95
3.78
2.96
Market Risk Adjusted Performance
0.4442
1.25
0.5407
(0.14)
0.1255
1.28
(0.64)
0.5289
Risk Adjusted Performance
0.108
(0.11)
0.1211
(0.09)
0.065
0.2102
0.1263
0.1599
Skewness
(1.60)
0.4666
0.9036
1.49
1.32
1.11
0.4667
0.8466
Semi Deviation
1.11
N/A
1.48
N/A
2.73
1.56
1.41
0.9456
Information Ratio
0.0356
(0.19)
0.0923
(0.18)
0.036
0.2243
0.0912
0.1271
Value At Risk
(1.75)
(5.75)
(3.57)
(3.38)
(3.82)
(2.86)
(2.13)
(2.07)
Expected Short fall
(1.30)
N/A
(2.27)
N/A
(2.35)
(3.28)
(1.96)
(1.77)
Downside Deviation
2.4
N/A
1.87
N/A
2.92
2.16
1.77
1.19
Semi Variance
1.22
N/A
2.2
N/A
7.44
2.43
1.98
0.8941

MGIC INVESTMENT Competition Performance Charts

Five steps to successful analysis of MGIC INVESTMENT Competition

MGIC INVESTMENT's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by MGIC INVESTMENT in relation to its competition. MGIC INVESTMENT's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of MGIC INVESTMENT in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact MGIC INVESTMENT's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to MGIC INVESTMENT, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your MGIC INVESTMENT position

In addition to having MGIC INVESTMENT in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Aluminum
Aluminum Theme
Companies involved in production of aluminum. The Aluminum theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Aluminum Theme or any other thematic opportunities.
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Additional 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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