Mgic Investment Corp Stock Market Value
| MTG Stock | USD 25.50 0.53 2.12% |
| Symbol | MGIC |
MGIC Investment Corp Price To Book Ratio
Is Commercial & Residential Mortgage Finance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGIC Investment. If investors know MGIC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGIC Investment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.201 | Dividend Share 0.475 | Earnings Share 2.83 | Revenue Per Share 4.449 | Quarterly Revenue Growth 0.034 |
The market value of MGIC Investment Corp is measured differently than its book value, which is the value of MGIC that is recorded on the company's balance sheet. Investors also form their own opinion of MGIC Investment's value that differs from its market value or its book value, called intrinsic value, which is MGIC Investment'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 MGIC Investment's market value can be influenced by many factors that don't directly affect MGIC Investment'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 MGIC Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if MGIC Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGIC Investment'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.
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.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in MGIC Investment on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding MGIC Investment Corp or generate 0.0% return on investment in MGIC Investment over 540 days. MGIC Investment is related to or competes with MBIA, NMI Holdings, Essent, Assured Guaranty, Employers Holdings, James River, and ICC Holdings. 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 Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.82 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 8.56 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 2.12 |
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 | 0.0562 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0923 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MGIC Investment's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MGIC Investment Corp Backtested Returns
At this point, MGIC Investment is very steady. MGIC Investment Corp has Sharpe Ratio of 0.035, which conveys that the firm had a 0.035% return per unit of volatility over the last 3 months. We have found thirty technical indicators for MGIC Investment, which you can use to evaluate the volatility of the firm. Please verify MGIC Investment's mean deviation of 1.08, and Risk Adjusted Performance of 0.0562 to check out if the risk estimate we provide is consistent with the expected return of 0.0519%. MGIC Investment has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.97, which conveys possible diversification benefits within a given portfolio. MGIC Investment returns are very sensitive to returns on the market. As the market goes up or down, MGIC Investment is expected to follow. MGIC Investment Corp now secures a risk of 1.48%. Please verify MGIC Investment Corp downside variance, and the relationship between the sortino ratio and accumulation distribution , to decide if MGIC Investment Corp will be following its current price movements.
Auto-correlation | 0.77 |
Good predictability
MGIC Investment Corp has good predictability. Overlapping area represents the amount of predictability between MGIC Investment time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 MGIC Investment Corp price movement. The serial correlation of 0.77 indicates that around 77.0% of current MGIC Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 4.61 |
MGIC Investment Corp 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 Corp.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether MGIC Investment Corp is a strong investment it is important to analyze MGIC Investment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGIC Investment's future performance. For an informed investment choice regarding MGIC Stock, refer to the following important reports:Check out MGIC Investment Correlation, MGIC Investment Volatility and MGIC Investment Alpha and Beta module to complement your research on MGIC Investment. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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.