Magc Etf Market Value
| MAGC Etf | 24.74 0.14 0.56% |
| Symbol | MAGC |
The market value of MAGC is measured differently than its book value, which is the value of MAGC that is recorded on the company's balance sheet. Investors also form their own opinion of MAGC's value that differs from its market value or its book value, called intrinsic value, which is MAGC'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 MAGC's market value can be influenced by many factors that don't directly affect MAGC'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 MAGC's value and its price as these two are different measures arrived at by different means. Investors typically determine if MAGC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MAGC'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.
MAGC 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to MAGC's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of MAGC.
| 06/28/2025 |
| 12/25/2025 |
If you would invest 0.00 in MAGC on June 28, 2025 and sell it all today you would earn a total of 0.00 from holding MAGC or generate 0.0% return on investment in MAGC over 180 days. MAGC is related to or competes with IShares Dividend, Martin Currie, First Trust, AdvisorShares Gerber, Roundhill ETF, Roundhill Ball, and Global X. MAGC is entity of United States. It is traded as Etf on BATS exchange. More
MAGC Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure MAGC's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess MAGC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.29 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 2.44 |
MAGC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAGC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAGC's standard deviation. In reality, there are many statistical measures that can use MAGC historical prices to predict the future MAGC's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | (0.20) |
MAGC Backtested Returns
MAGC has Sharpe Ratio of -0.13, which conveys that the etf had a -0.13 % return per unit of risk over the last 3 months. MAGC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MAGC's Standard Deviation of 1.52, coefficient of variation of (873.81), and Mean Deviation of 1.18 to check out the risk estimate we provide. The entity secures a Beta (Market Risk) of 0.94, which conveys possible diversification benefits within a given portfolio. MAGC returns are very sensitive to returns on the market. As the market goes up or down, MAGC is expected to follow.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
MAGC has almost perfect reverse predictability. Overlapping area represents the amount of predictability between MAGC time series from 28th of June 2025 to 26th of September 2025 and 26th of September 2025 to 25th of December 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MAGC price movement. The serial correlation of -0.75 indicates that around 75.0% of current MAGC price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
MAGC lagged returns against current returns
Autocorrelation, which is MAGC etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting MAGC's etf expected returns. We can calculate the autocorrelation of MAGC returns to help us make a trade decision. For example, suppose you find that MAGC has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
MAGC regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If MAGC etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAGC etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAGC etf over time.
Current vs Lagged Prices |
| Timeline |
MAGC Lagged Returns
When evaluating MAGC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAGC etf have on its future price. MAGC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, MAGC autocorrelation shows the relationship between MAGC etf current value and its past values and can show if there is a momentum factor associated with investing in MAGC.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether MAGC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MAGC'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 Magc Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Magc Etf:Check out MAGC Correlation, MAGC Volatility and MAGC Alpha and Beta module to complement your research on MAGC. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
MAGC technical etf 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, etf market cycles, or different charting patterns.