MGIC INVT P Market Value
| 552848AG8 | 95.70 3.57 3.60% |
| Symbol | 552848AG8 |
552848AG8 '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 552848AG8's bond 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 552848AG8.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in 552848AG8 on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding MGIC INVT P or generate 0.0% return on investment in 552848AG8 over 30 days. 552848AG8 is related to or competes with Insteel Industries, Century Aluminum, WEC Energy, Alliant Energy, Algoma Steel, and Empresa Distribuidora. More
552848AG8 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 552848AG8's bond 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 INVT P upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.34) | |||
| Maximum Drawdown | 4.16 | |||
| Value At Risk | (0.62) | |||
| Potential Upside | 0.4611 |
552848AG8 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 552848AG8's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 552848AG8's standard deviation. In reality, there are many statistical measures that can use 552848AG8 historical prices to predict the future 552848AG8's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 1.91 |
MGIC INVT P Backtested Returns
MGIC INVT P secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the bond had a -0.11% return per unit of price deviation over the last 3 months. MGIC INVT P exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 552848AG8's mean deviation of 0.3176, and Information Ratio of (0.34) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0349, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 552848AG8 are expected to decrease at a much lower rate. During the bear market, 552848AG8 is likely to outperform the market.
Auto-correlation | 0.09 |
Virtually no predictability
MGIC INVT P has virtually no predictability. Overlapping area represents the amount of predictability between 552848AG8 time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 INVT P price movement. The serial correlation of 0.09 indicates that less than 9.0% of current 552848AG8 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.92 |
MGIC INVT P lagged returns against current returns
Autocorrelation, which is 552848AG8 bond'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 552848AG8's bond expected returns. We can calculate the autocorrelation of 552848AG8 returns to help us make a trade decision. For example, suppose you find that 552848AG8 has exhibited high autocorrelation historically, and you observe that the bond 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 |
552848AG8 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 552848AG8 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 552848AG8 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 552848AG8 bond over time.
Current vs Lagged Prices |
| Timeline |
552848AG8 Lagged Returns
When evaluating 552848AG8's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 552848AG8 bond have on its future price. 552848AG8 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, 552848AG8 autocorrelation shows the relationship between 552848AG8 bond current value and its past values and can show if there is a momentum factor associated with investing in MGIC INVT P.
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.Other Information on Investing in 552848AG8 Bond
552848AG8 financial ratios help investors to determine whether 552848AG8 Bond 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 552848AG8 with respect to the benefits of owning 552848AG8 security.