Mgic Investment Corp Stock Price on February 1, 2023

MTG Stock  USD 24.55  0.31  1.25%   
Below is the normalized historical share price chart for MGIC Investment Corp extending back to August 07, 1991. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of MGIC Investment stands at 24.55, as last reported on the 14th of December 2024, with the highest price reaching 24.87 and the lowest price hitting 24.51 during the day.
IPO Date
6th of August 1991
200 Day MA
22.9986
50 Day MA
25.2258
Beta
1.273
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in MGIC Stock, it is important to understand the factors that can impact its price. MGIC Investment Corp has Sharpe Ratio of -0.0294, which conveys that the firm had a -0.0294% return per unit of volatility over the last 3 months. MGIC Investment exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MGIC Investment's mean deviation of 1.07, and Risk Adjusted Performance of 0.0127 to check out the risk estimate we provide.
  
At this time, MGIC Investment's Stock Based Compensation is most likely to increase significantly in the upcoming years. The MGIC Investment's current Stock Based Compensation To Revenue is estimated to increase to 0.03, while Total Stockholder Equity is projected to decrease to roughly 2.7 B. . At this time, MGIC Investment's Price To Free Cash Flows Ratio is most likely to slightly grow in the upcoming years. The MGIC Investment's current Price To Book Ratio is estimated to increase to 2.10, while Price Earnings Ratio is projected to decrease to 7.56. MGIC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.0294

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Estimated Market Risk

 1.48
  actual daily
13
87% of assets are more volatile

Expected Return

 -0.04
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.03
  actual daily
0
Most of other assets perform better
Based on monthly moving average MGIC Investment 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 MGIC Investment by adding MGIC Investment to a well-diversified portfolio.
Price Book
1.1749
Price Sales
5.2259
Shares Float
249.2 M
Dividend Share
0.475
Wall Street Target Price
26.0714

MGIC Investment Valuation on February 1, 2023

It is possible to determine the worth of MGIC Investment on a given historical date. On February 1, 2023 MGIC was worth 13.36 at the beginning of the trading date compared to the closed value of 13.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MGIC Investment stock. Still, in general, we apply an absolute valuation method to find MGIC Investment'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 MGIC Investment where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MGIC Investment's related companies.
 Open High Low Close Volume
  13.25    13.46    13.22    13.44    2,410,623  
02/01/2023
  13.36    13.62    13.27    13.55    2,786,017  
  13.99    13.99    13.42    13.61    4,574,438  
Backtest MGIC Investment  |  MGIC Investment History  |  MGIC Investment Valuation   PreviousNext  
Open Value
13.36
13.55
Closing Value
17.80
Upside

MGIC Investment Trading Date Momentum on February 1, 2023

On February 02 2023 MGIC Investment Corp was traded for  13.61  at the closing time. Highest MGIC Investment's price during the trading hours was 13.99  and the lowest price during the day was  13.42 . The net volume was 4.6 M. The overall trading history on the 2nd of February contributed to the next trading period price rise. The trading delta at closing time to the next next day price was 0.44% . The trading delta at closing time to current price is 2.44% .

MGIC Investment Corp Fundamentals Correlations and Trends

By evaluating MGIC Investment'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 MGIC Investment's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MGIC financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About MGIC Investment Stock history

MGIC Investment 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 MGIC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MGIC Investment Corp 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 MGIC Investment stock prices may prove useful in developing a viable investing in MGIC Investment
Last ReportedProjected for Next Year
Common Stock Shares Outstanding287.2 M225.9 M
Net Income Applicable To Common Shares995.2 MB

MGIC Investment Stock Technical Analysis

MGIC Investment 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 MGIC Investment technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MGIC Investment 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

MGIC Investment Period Price Range

Low
December 14, 2024
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High

 0.00 

     

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MGIC Investment Corp cannot be verified against its exchange. Please verify the symbol is currently traded on New York 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.

MGIC Investment December 14, 2024 Market Strength

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

MGIC Investment Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for MGIC Investment's price direction in advance. Along with the technical and fundamental analysis of MGIC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MGIC 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 MGIC Stock analysis

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