MGIC Investment Stock Forecast - Daily Balance Of Power
| MTG Stock | USD 25.50 0.53 2.12% |
MGIC Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of MGIC Investment's historical fundamentals, such as revenue growth or operating cash flow patterns.
MGIC |
| Check MGIC Investment Volatility | Backtest MGIC Investment | Trend Details |
MGIC Investment Trading Date Momentum
| On January 31 2024 MGIC Investment Corp was traded for 19.40 at the closing time. Highest MGIC Investment's price during the trading hours was 19.81 and the lowest price during the day was 19.37 . The net volume was 2.1 M. The overall trading history on the 31st of January contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.87% . The trading delta at closing time to current price is 2.38% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for MGIC Investment
For every potential investor in MGIC, whether a beginner or expert, MGIC Investment's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MGIC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MGIC. Basic forecasting techniques help filter out the noise by identifying MGIC Investment's price trends.MGIC Investment Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MGIC Investment stock to make a market-neutral strategy. Peer analysis of MGIC Investment could also be used in its relative valuation, which is a method of valuing MGIC Investment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MGIC Investment Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of MGIC Investment's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of MGIC Investment's current price.| Cycle Indicators | ||
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MGIC Investment Market Strength Events
Market strength indicators help investors to evaluate how MGIC Investment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MGIC Investment shares will generate the highest return on investment. By undertsting and applying MGIC Investment stock market strength indicators, traders can identify MGIC Investment Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 24301.51 | |||
| Daily Balance Of Power | 1.081633 | |||
| Rate Of Daily Change | 1.02 | |||
| Day Median Price | 25.3 | |||
| Day Typical Price | 25.36 | |||
| Price Action Indicator | 0.47 | |||
| Period Momentum Indicator | 0.53 |
MGIC Investment Risk Indicators
The analysis of MGIC Investment's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in MGIC Investment's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mgic stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.05 | |||
| Semi Deviation | 1.7 | |||
| Standard Deviation | 1.47 | |||
| Variance | 2.16 | |||
| Downside Variance | 3.19 | |||
| Semi Variance | 2.89 | |||
| Expected Short fall | (0.96) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
When determining whether MGIC Investment Corp is a strong investment it is important to analyze MGIC Investment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGIC Investment's future performance. For an informed investment choice regarding MGIC Stock, refer to the following important reports:Check out Historical Fundamental Analysis of MGIC Investment to cross-verify your projections. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Is Commercial & Residential Mortgage Finance space 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 0.201 | Dividend Share 0.475 | Earnings Share 2.83 | Revenue Per Share 4.449 | Quarterly Revenue Growth 0.034 |
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.