Magic Software (Germany) Market Value
| MGK Stock | EUR 11.00 0.60 5.77% |
| Symbol | Magic |
Magic Software '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 Magic Software'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 Magic Software.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Magic Software on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Magic Software Enterprises or generate 0.0% return on investment in Magic Software over 30 days. Magic Software is related to or competes with Synopsys, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Talanx AG. Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical sof... More
Magic Software 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 Magic Software'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 Magic Software Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.0485 | |||
| Maximum Drawdown | 11.87 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 5.05 |
Magic Software Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magic Software's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Magic Software's standard deviation. In reality, there are many statistical measures that can use Magic Software historical prices to predict the future Magic Software's volatility.| Risk Adjusted Performance | 0.0903 | |||
| Jensen Alpha | 0.1751 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0529 | |||
| Treynor Ratio | 0.4867 |
Magic Software Enter Backtested Returns
Magic Software appears to be not too volatile, given 3 months investment horizon. Magic Software Enter has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% 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 2.07, risk adjusted performance of 0.0903, and Mean Deviation of 1.65 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Magic Software holds a performance score of 8. The company secures a Beta (Market Risk) of 0.49, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Magic Software's returns are expected to increase less than the market. However, during the bear market, the loss of holding Magic Software is expected to be smaller as well. Please check Magic Software's coefficient of variation, sortino ratio, potential upside, as well as the relationship between the jensen alpha and maximum drawdown , to make a quick decision on whether Magic Software's current price movements will revert.
Auto-correlation | 0.74 |
Good predictability
Magic Software Enterprises has good predictability. Overlapping area represents the amount of predictability between Magic Software time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Magic Software Enter price movement. The serial correlation of 0.74 indicates that around 74.0% of current Magic Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Magic Software Enter lagged returns against current returns
Autocorrelation, which is Magic Software 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 Magic Software's stock expected returns. We can calculate the autocorrelation of Magic Software returns to help us make a trade decision. For example, suppose you find that Magic Software 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 |
Magic Software 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 Magic Software stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Magic Software stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Magic Software stock over time.
Current vs Lagged Prices |
| Timeline |
Magic Software Lagged Returns
When evaluating Magic Software's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Magic Software stock have on its future price. Magic Software 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, Magic Software autocorrelation shows the relationship between Magic Software stock current value and its past values and can show if there is a momentum factor associated with investing in Magic Software Enterprises.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Magic Stock
When determining whether Magic Software Enter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magic Software'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 Magic Software Enterprises Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magic Software Enterprises Stock:Check out Magic Software Correlation, Magic Software Volatility and Magic Software Alpha and Beta module to complement your research on Magic Software. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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.