MGIC Investment Correlations
| MGC Stock | EUR 23.40 0.20 0.86% |
The current 90-days correlation between MGIC Investment and MELIA HOTELS is -0.02 (i.e., Good diversification). The correlation of MGIC Investment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
MGIC Investment Correlation With Market
Weak diversification
The correlation between MGIC Investment and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MGIC Investment and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to MGIC Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MGIC Investment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MGIC Investment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MGIC Investment to buy it.
Moving together with MGIC Stock
| 0.85 | Y1F | First American Financial | PairCorr |
| 0.79 | DHU | Assured Guaranty | PairCorr |
| 0.91 | RAG | Radian Group | PairCorr |
| 0.62 | TPW | Trupanion | PairCorr |
| 0.72 | YGB | EMPLOYERS HLDGS DL | PairCorr |
| 0.8 | BAC | Verizon Communications | PairCorr |
Moving against MGIC Stock
| 0.56 | BYRA | PT Bank Rakyat | PairCorr |
| 0.55 | SSU | Samsung Electronics | PairCorr |
| 0.55 | PQ9 | BANK MANDIRI | PairCorr |
| 0.54 | SSU | Samsung Electronics | PairCorr |
| 0.54 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.52 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.47 | BYRA | PT Bank Rakyat | PairCorr |
| 0.45 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.44 | SSUN | Samsung Electronics | PairCorr |
| 0.44 | SSUN | Samsung Electronics | PairCorr |
| 0.43 | BYRA | BANK RAKYAT IND | PairCorr |
Related Correlations Analysis
| 0.72 | 0.67 | 0.65 | 0.37 | 0.64 | 0.12 | MEL | ||
| 0.72 | 0.93 | 0.88 | 0.45 | 0.84 | 0.15 | 0XHR | ||
| 0.67 | 0.93 | 0.93 | 0.4 | 0.89 | 0.29 | HMT | ||
| 0.65 | 0.88 | 0.93 | 0.18 | 0.87 | 0.26 | HIP | ||
| 0.37 | 0.45 | 0.4 | 0.18 | 0.33 | 0.03 | I43 | ||
| 0.64 | 0.84 | 0.89 | 0.87 | 0.33 | 0.53 | UF2 | ||
| 0.12 | 0.15 | 0.29 | 0.26 | 0.03 | 0.53 | 32P | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MEL | 1.32 | 0.18 | 0.06 | 0.59 | 1.40 | 3.09 | 7.08 | |||
| 0XHR | 1.59 | 0.39 | 0.20 | 1.01 | 1.21 | 5.13 | 9.49 | |||
| HMT | 1.15 | 0.16 | 0.12 | 0.22 | 1.11 | 2.47 | 11.81 | |||
| HIP | 1.42 | 0.14 | 0.12 | 0.19 | 1.11 | 3.47 | 10.63 | |||
| I43 | 1.12 | 0.19 | 0.05 | (2.66) | 1.23 | 2.99 | 7.95 | |||
| UF2 | 1.32 | 0.26 | 0.19 | 0.25 | 1.03 | 3.82 | 10.78 | |||
| 32P | 1.09 | 0.13 | 0.03 | 1.27 | 0.97 | 2.21 | 8.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MGIC Investment without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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MGIC Investment Corporate Management
Elected by the shareholders, the MGIC Investment's board of directors comprises two types of representatives: MGIC Investment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MGIC. The board's role is to monitor MGIC Investment's management team and ensure that shareholders' interests are well served. MGIC Investment's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, MGIC Investment's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paula Maggio | Gen VP | Profile | |
| Annette Adams | VP MGIC | Profile | |
| Salvatore Miosi | Pres COO | Profile | |
| Dianna Higgins | VP Relations | Profile | |
| Robert Candelmo | VP MGIC | Profile | |
| Nathaniel Colson | Ex CFO | Profile | |
| James Hughes | Exec MGIC | Profile |