MGIC Investment (Germany) Market Value
| MGC Stock | EUR 23.40 0.20 0.86% |
| Symbol | MGIC |
MGIC Investment '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 MGIC Investment's stock 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 MGIC Investment.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in MGIC Investment on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding MGIC Investment or generate 0.0% return on investment in MGIC Investment over 360 days. MGIC Investment is related to or competes with MELIA HOTELS, Xenia Hotels, Host Hotels, Park Hotels, Jacquet Metal, Sunstone Hotel, and PPHE HOTEL. MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk m... More
MGIC Investment 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 MGIC Investment's stock 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 MGIC Investment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.0018 | |||
| Maximum Drawdown | 8.72 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.52 |
MGIC Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MGIC Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MGIC Investment's standard deviation. In reality, there are many statistical measures that can use MGIC Investment historical prices to predict the future MGIC Investment's volatility.| Risk Adjusted Performance | 0.0586 | |||
| Jensen Alpha | 0.0241 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0014 | |||
| Treynor Ratio | 0.1323 |
MGIC Investment Backtested Returns
At this point, MGIC Investment is very steady. MGIC Investment has Sharpe Ratio of 0.0481, which conveys that the firm had a 0.0481% return per unit of volatility over the last 3 months. We have found twenty-seven technical indicators for MGIC Investment, which you can use to evaluate the volatility of the firm. Please verify MGIC Investment's risk adjusted performance of 0.0586, and Mean Deviation of 1.11 to check out if the risk estimate we provide is consistent with the expected return of 0.0756%. MGIC Investment has a performance score of 3 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.79, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, MGIC Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding MGIC Investment is expected to be smaller as well. MGIC Investment now secures a risk of 1.57%. Please verify MGIC Investment jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to decide if MGIC Investment will be following its current price movements.
Auto-correlation | 0.75 |
Good predictability
MGIC Investment has good predictability. Overlapping area represents the amount of predictability between MGIC Investment time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MGIC Investment price movement. The serial correlation of 0.75 indicates that around 75.0% of current MGIC Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 2.1 |
MGIC Investment lagged returns against current returns
Autocorrelation, which is MGIC Investment stock'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 MGIC Investment's stock expected returns. We can calculate the autocorrelation of MGIC Investment returns to help us make a trade decision. For example, suppose you find that MGIC Investment has exhibited high autocorrelation historically, and you observe that the stock 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 |
MGIC Investment 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 MGIC Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MGIC Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MGIC Investment stock over time.
Current vs Lagged Prices |
| Timeline |
MGIC Investment Lagged Returns
When evaluating MGIC Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MGIC Investment stock have on its future price. MGIC Investment 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, MGIC Investment autocorrelation shows the relationship between MGIC Investment stock current value and its past values and can show if there is a momentum factor associated with investing in MGIC Investment.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in MGIC Stock
MGIC Investment financial ratios help investors to determine whether MGIC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in MGIC with respect to the benefits of owning MGIC Investment security.