MGIC Investment (Germany) Price on October 31, 2024
MGC Stock | EUR 22.40 0.60 2.61% |
If you're considering investing in MGIC Stock, it is important to understand the factors that can impact its price. As of today, the current price of MGIC Investment stands at 22.40, as last reported on the 22nd of December, with the highest price reaching 22.40 and the lowest price hitting 22.40 during the day. At this point, MGIC Investment is very steady. MGIC Investment has Sharpe Ratio of 0.0051, which conveys that the firm had a 0.0051% return per unit of volatility over the last 3 months. We have found twenty-one technical indicators for MGIC Investment, which you can use to evaluate the volatility of the firm. Please verify MGIC Investment's mean deviation of 1.15, and Risk Adjusted Performance of (0) to check out if the risk estimate we provide is consistent with the expected return of 0.0082%.
MGIC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
MGIC |
Sharpe Ratio = 0.0051
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | MGC |
Estimated Market Risk
1.61 actual daily | 14 86% of assets are more volatile |
Expected Return
0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MGIC Investment is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MGIC Investment by adding MGIC Investment to a well-diversified portfolio.
MGIC Investment Valuation on October 31, 2024
It is possible to determine the worth of MGIC Investment on a given historical date. On October 31, 2024 MGIC was worth 23.07 at the beginning of the trading date compared to the closed value of 23.07. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MGIC Investment stock. Still, in general, we apply an absolute valuation method to find MGIC Investment's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of MGIC Investment where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MGIC Investment's related companies.
Open | High | Low | Close | Volume | |
23.07 | 23.07 | 23.07 | 23.07 | 1.00 | |
10/31/2024 | 23.07 | 23.07 | 23.07 | 23.07 | 1.00 |
22.87 | 22.87 | 22.87 | 22.87 | 1.00 |
Backtest MGIC Investment | | | MGIC Investment History | | | MGIC Investment Valuation | Previous | Next |
MGIC Investment Trading Date Momentum on October 31, 2024
On November 01 2024 MGIC Investment was traded for 22.87 at the closing time. The highest daily price throughout the period was 22.87 and the lowest price was 22.87 . There was no trading activity during the period 1.0. Lack of trading volume on 11/01/2024 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.87% . The trading delta at closing time to current closing price is 1.17% . |
MGIC Investment Fundamentals Correlations and Trends
By evaluating MGIC Investment's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among MGIC Investment's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MGIC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MGIC Investment Stock history
MGIC Investment investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for MGIC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MGIC Investment will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing MGIC Investment stock prices may prove useful in developing a viable investing in MGIC Investment
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin. MGIC INV operates under Insurance - Specialty classification in Germany and is traded on Frankfurt Stock Exchange. It employs 793 people.
MGIC Investment Stock Technical Analysis
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.
Price Boundaries
MGIC Investment Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
MGIC Investment cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
MGIC Investment December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how MGIC Investment stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MGIC Investment shares will generate the highest return on investment. By undertsting and applying MGIC Investment stock market strength indicators, traders can identify MGIC Investment entry and exit signals to maximize returns
MGIC Investment Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MGIC Investment's price direction in advance. Along with the technical and fundamental analysis of MGIC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MGIC to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0) | |||
Jensen Alpha | (0.04) | |||
Total Risk Alpha | (0.07) | |||
Treynor Ratio | (0.04) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Complementary Tools for MGIC Stock analysis
When running MGIC Investment's price analysis, check to measure MGIC Investment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MGIC Investment is operating at the current time. Most of MGIC Investment's value examination focuses on studying past and present price action to predict the probability of MGIC Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MGIC Investment's price. Additionally, you may evaluate how the addition of MGIC Investment to your portfolios can decrease your overall portfolio volatility.
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |