MGIC Investment Stock Forecast - Relative Strength Index
| MTG Stock | USD 20.64 0.13 0.63% |
MGIC Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast MGIC Investment stock prices and determine the direction of MGIC Investment Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of MGIC Investment's historical fundamentals, such as revenue growth or operating cash flow patterns. Although MGIC Investment's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of MGIC Investment's systematic risk associated with finding meaningful patterns of MGIC Investment fundamentals over time.
Check out Historical Fundamental Analysis of MGIC Investment to cross-verify your projections. MGIC |
Open Interest Against 2024-05-17 MGIC Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast MGIC Investment's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in MGIC Investment's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for MGIC Investment stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current MGIC Investment's open interest, investors have to compare it to MGIC Investment's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of MGIC Investment is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in MGIC. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in MGIC Investment cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the MGIC Investment's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets MGIC Investment's price structures and extracts relationships that further increase the generated results' accuracy.
| Previous Relative Strength Index | Relative Strength Index | Trend |
| 54.56 | 54.56 |
| Check MGIC Investment Volatility | Backtest MGIC Investment | Information Ratio |
MGIC Investment Trading Date Momentum
| On May 03 2024 MGIC Investment Corp was traded for 20.64 at the closing time. Highest MGIC Investment's price during the trading hours was 20.81 and the lowest price during the day was 20.02 . There was no trading activity during the period 0.0. Lack of trading volume on the 3rd of May did not cause price change. The trading delta at closing time to current price is 0.63% . |
| Compare MGIC Investment to competition |
Other Forecasting Options for MGIC Investment
For every potential investor in MGIC, whether a beginner or expert, MGIC Investment's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MGIC Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MGIC. Basic forecasting techniques help filter out the noise by identifying MGIC Investment's price trends.MGIC Investment Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MGIC Investment stock to make a market-neutral strategy. Peer analysis of MGIC Investment could also be used in its relative valuation, which is a method of valuing MGIC Investment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MGIC Investment Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of MGIC Investment's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of MGIC Investment's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
MGIC Investment Market Strength Events
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 Corp entry and exit signals to maximize returns.
MGIC Investment Risk Indicators
The analysis of MGIC Investment's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in MGIC Investment's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mgic stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.09 | |||
| Semi Deviation | 1.57 | |||
| Standard Deviation | 1.61 | |||
| Variance | 2.59 | |||
| Downside Variance | 2.6 | |||
| Semi Variance | 2.47 | |||
| Expected Short fall | (1.10) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
MGIC Investment Investors Sentiment
The influence of MGIC Investment's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in MGIC. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to MGIC Investment's public news can be used to forecast risks associated with an investment in MGIC. The trend in average sentiment can be used to explain how an investor holding MGIC can time the market purely based on public headlines and social activities around MGIC Investment Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
MGIC Investment's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for MGIC Investment's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average MGIC Investment's news discussions. The higher the estimated score, the more favorable is the investor's outlook on MGIC Investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MGIC Investment in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MGIC Investment's short interest history, or implied volatility extrapolated from MGIC Investment options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of MGIC Investment to cross-verify your projections. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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.
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Is MGIC Investment's industry 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 0.217 | Dividend Share 0.43 | Earnings Share 2.6 | Revenue Per Share 4.186 | Quarterly Revenue Growth 0.037 |
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.