Magic Software Return On Asset vs. Number Of Shares Shorted
| MGIC Stock | USD 10.99 0.07 0.64% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.26 | 0.271 |
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| Net Profit Margin | 0.0727 | 0.0692 |
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| Operating Profit Margin | 0.11 | 0.1067 |
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| Pretax Profit Margin | 0.1 | 0.098 |
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| Return On Assets | 0.0744 | 0.0709 |
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| Return On Equity | 0.15 | 0.1392 |
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For Magic Software profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Magic Software to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Magic Software Enterprises utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Magic Software's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Magic Software Enterprises over time as well as its relative position and ranking within its peers.
Magic |
Is Application Software 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 Magic Software. If investors know Magic 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 Magic Software 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 (0.10) | Earnings Share 0.7 | Revenue Per Share 10.659 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0673 |
The market value of Magic Software Enter is measured differently than its book value, which is the value of Magic that is recorded on the company's balance sheet. Investors also form their own opinion of Magic Software's value that differs from its market value or its book value, called intrinsic value, which is Magic Software'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 Magic Software's market value can be influenced by many factors that don't directly affect Magic Software'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 Magic Software's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magic Software is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magic Software'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.
Magic Software Enter Number Of Shares Shorted vs. Return On Asset Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Magic Software's current stock value. Our valuation model uses many indicators to compare Magic Software value to that of its competitors to determine the firm's financial worth. Magic Software Enterprises is regarded fifth in return on asset category among its peers. It is rated below average in number of shares shorted category among its peers making about 253,091 of Number Of Shares Shorted per Return On Asset. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Magic Software's earnings, one of the primary drivers of an investment's value.Magic Number Of Shares Shorted vs. Return On Asset
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Magic Software |
| = | 0.0673 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
Magic Software |
| = | 17.03 K |
If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
Magic Number Of Shares Shorted Comparison
Magic Software is currently under evaluation in number of shares shorted category among its peers.
Magic Software Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Magic Software, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Magic Software will eventually generate negative long term returns. The profitability progress is the general direction of Magic Software's change in net profit over the period of time. It can combine multiple indicators of Magic Software, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -10.3 M | -9.8 M | |
| Operating Income | 57.1 M | 60 M | |
| Income Before Tax | 52.4 M | 55.1 M | |
| Total Other Income Expense Net | -4.7 M | -4.4 M | |
| Net Income | 37 M | 38.9 M | |
| Income Tax Expense | 9.9 M | 10.4 M | |
| Net Income Applicable To Common Shares | 44.6 M | 46.8 M | |
| Net Income From Continuing Ops | 44.2 M | 29.1 M | |
| Interest Income | 4.9 M | 5.1 M | |
| Net Interest Income | -3.9 M | -3.7 M | |
| Change To Netincome | 6.8 M | 3.5 M | |
| Net Income Per Share | 0.75 | 0.79 | |
| Income Quality | 1.86 | 1.96 | |
| Net Income Per E B T | 0.71 | 1.19 |
Magic Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Magic Software. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Magic Software position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Magic Software's important profitability drivers and their relationship over time.
Use Magic Software in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Magic Software position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Magic Software will appreciate offsetting losses from the drop in the long position's value.Magic Software Pair Trading
Magic Software Enterprises Pair Trading Analysis
The ability to find closely correlated positions to Magic Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magic Software when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Magic Software - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Magic Software Enterprises to buy it.
The correlation of Magic Software is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Magic Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magic Software Enter moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Magic Software can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Magic Software position
In addition to having Magic Software in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies that are involved with the development and processing of raw materials such as silver or forestry. The Raw Materials theme has 15 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Raw Materials Theme or any other thematic opportunities.
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Check out Correlation Analysis. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
To fully project Magic Software's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Magic Software Enter at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Magic Software's income statement, its balance sheet, and the statement of cash flows.