Magic Software (Germany) Price on March 27, 2024
| MGK Stock | EUR 11.30 0.30 2.73% |
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 11.30, as last reported on the 11th of December 2024, with the highest price reaching 11.30 and the lowest price hitting 11.30 during the day. Magic Software appears to be not too volatile, given 3 months investment horizon. Magic Software Enter has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Magic Software, which you can use to evaluate the volatility of the firm. Please exercise Magic Software's Downside Deviation of 2.19, mean deviation of 1.81, and Risk Adjusted Performance of 0.1114 to check out if our risk estimates are consistent with your expectations.
Magic Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Magic |
Sharpe Ratio = 0.1362
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Estimated Market Risk
| 2.38 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Magic Software is performing at about 10% of its full potential. 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 it to a well-diversified portfolio.
Magic Software Valuation on March 27, 2024
It is possible to determine the worth of Magic Software on a given historical date. On March 27, 2024 Magic was worth 10.45 at the beginning of the trading date compared to the closed value of 10.55. 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 | |
| 10.45 | 10.45 | 10.45 | 10.45 | 1.00 | |
03/27/2024 | 10.45 | 10.55 | 10.45 | 10.55 | 1.00 |
| 10.45 | 10.45 | 10.06 | 10.06 | 1.00 |
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Magic Software Trading Date Momentum on March 27, 2024
| On March 28 2024 Magic Software Enterprises was traded for 10.06 at the closing time. The highest daily price throughout the period was 10.45 and the lowest price was 10.06 . There was no trading activity during the period 1.0. Lack of trading volume on 03/28/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 4.64% . The trading delta at closing time to current closing price is 5.59% . |
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 IT outsourcing software services in Israel and internationally. Magic Software Enterprises Ltd. was founded in 1983 and is headquartered in Or Yehuda, Israel. MAGIC SOFTWARE operates under Software - Application classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2226 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.
Price Boundaries
Magic Software Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Magic Software Enterprises cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt 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 December 11, 2024 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.
| Risk Adjusted Performance | 0.1114 | |||
| Jensen Alpha | 0.2854 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.1025 | |||
| Treynor Ratio | 0.7283 |
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| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
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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