Magic Software (Israel) Price on May 22, 2023

MGIC Stock  ILA 4,488  52.00  1.15%   
If you're considering investing in Magic Stock, it is important to understand the factors that can impact its price. As of today, the current price of Magic Software stands at 4,488, as last reported on the 1st of March, with the highest price reaching 4,527 and the lowest price hitting 4,426 during the day. At this point, Magic Software is very steady. Magic Software Enter has Sharpe Ratio of close to zero, which conveys that the firm had a close to zero % return per unit of risk over the last 3 months. We have found thirty technical indicators for Magic Software, which you can use to evaluate the volatility of the firm. Please verify Magic Software's Mean Deviation of 1.68, risk adjusted performance of 0.0622, and Downside Deviation of 1.84 to check out if the risk estimate we provide is consistent with the expected return of 0.0075%.
  
Magic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.0041

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Estimated Market Risk

 1.84
  actual daily
16
84% of assets are more volatile

Expected Return

 0.01
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 0.0
  actual daily
0
Most of other assets perform better
Based on monthly moving average Magic Software is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Magic Software by adding Magic Software to a well-diversified portfolio.

Magic Software Valuation on May 22, 2023

It is possible to determine the worth of Magic Software on a given historical date. On May 22, 2023 Magic was worth 5209.82 at the beginning of the trading date compared to the closed value of 4950.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magic Software stock. Still, in general, we apply an absolute valuation method to find Magic Software's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Magic Software where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magic Software's related companies.
 Open High Low Close Volume
  5,139    5,202    5,066    5,194    20,494  
05/22/2023
  5,210    5,210    4,951    4,951    40,143  
  4,959    4,959    4,853    4,853    18,932  
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Open Value
5209.82
4950.56
Closing Value
5,215
Upside

Magic Software Trading Date Momentum on May 22, 2023

On May 23 2023 Magic Software Enterprises was traded for  4,853  at the closing time. The highest price during the trading period was 4,959  and the lowest recorded bid was listed for  4,853 . The volume for the day was 18.9 K. This history from May 23, 2023 contributed to the next trading day price decline. The trading delta at closing time to the next closing price was 1.96% . The trading delta at closing time to the current price is 10.55% .

Magic Software Enter Fundamentals Correlations and Trends

By evaluating Magic Software's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Magic Software's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magic financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Magic Software Stock history

Magic Software investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Magic is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magic Software Enter will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Magic Software stock prices may prove useful in developing a viable investing in Magic Software
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies outsourcing software services in Israel and internationally. Magic Software Enterprises Ltd. was incorporated in 1983 and is headquartered in Or Yehuda, Israel. MAGIC SOFTWARE operates under Information Technology Services classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 3677 people.

Magic Software Stock Technical Analysis

Magic Software 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.
A focus of Magic Software technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Magic Software trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Magic Software Period Price Range

Low
March 1, 2025
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High

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Magic Software Enterprises cannot be verified against its exchange. Please verify the symbol is currently traded on Tel Aviv Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Magic Software March 1, 2025 Market Strength

Market strength indicators help investors to evaluate how Magic Software stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magic Software shares will generate the highest return on investment. By undertsting and applying Magic Software stock market strength indicators, traders can identify Magic Software Enterprises entry and exit signals to maximize returns

Magic Software Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Magic Software's price direction in advance. Along with the technical and fundamental analysis of Magic Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magic to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Magic Stock analysis

When running Magic Software's price analysis, check to measure Magic Software'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 Magic Software is operating at the current time. Most of Magic Software's value examination focuses on studying past and present price action to predict the probability of Magic Software's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magic Software's price. Additionally, you may evaluate how the addition of Magic Software to your portfolios can decrease your overall portfolio volatility.
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