Magic Software (Israel) Probability of Future Stock Price Finishing Under 4,909
| MGIC Stock | ILA 4,374 294.00 7.21% |
Magic |
Magic Software Target Price Odds to finish below 4,909
The tendency of Magic Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move below current price in 90 days |
| 4,374 | 90 days | 4,374 | about 92.57 |
Based on a normal probability distribution, the odds of Magic Software to move below current price in 90 days from now is about 92.57 (This Magic Software Enterprises probability density function shows the probability of Magic Stock to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon Magic Software has a beta of 0.0162. This indicates as returns on the market go up, Magic Software average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Magic Software Enterprises will be expected to be much smaller as well. Additionally Magic Software Enterprises has an alpha of 0.0571, implying that it can generate a 0.0571 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Magic Software Price Density |
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Predictive Modules for Magic Software
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Magic Software Enter. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Magic Software Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Magic Software is not an exception. The market had few large corrections towards the Magic Software's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Magic Software Enterprises, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Magic Software within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.06 | |
β | Beta against Dow Jones | 0.02 | |
σ | Overall volatility | 176.93 | |
Ir | Information ratio | -0.03 |
Magic Software Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Magic Software for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Magic Software Enter can help investors quickly react to important events or material 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 |
Magic Software Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Magic Stock often depends not only on the future outlook of the current and potential Magic Software's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Magic Software's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 49.1 M |
Magic Software Technical Analysis
Magic Software's future price can be derived by breaking down and analyzing its technical indicators over time. Magic Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Magic Software Enterprises. In general, you should focus on analyzing Magic Stock price patterns and their correlations with different microeconomic environments and drivers.
Magic Software Predictive Forecast Models
Magic Software's time-series forecasting models is one of many Magic Software's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Magic Software's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Magic Software Enter
Checking the ongoing alerts about Magic Software for important developments is a great way to find new opportunities for your next move. Our 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 |
Additional Information and Resources on Investing in Magic Stock
When determining whether Magic Software Enter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magic Software's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magic Software Enterprises Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magic Software Enterprises Stock:Check out Magic Software Backtesting, Magic Software Valuation, Magic Software Correlation, Magic Software Hype Analysis, Magic Software Volatility, Magic Software History as well as Magic Software Performance. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.