MGIC Investment Third Quarter 2024 Earnings EPS Beats Expectations
| MTG Stock | USD 23.64 0.32 1.37% |
Roughly 58% of all MGIC Investment's stockholders are looking to take a long position. The analysis of the overall prospects from investing in MGIC Investment Corp suggests that some traders are, at the present time, interested. The current market sentiment, together with MGIC Investment's historical and current headlines, can help investors time the market. In addition, many technical investors use MGIC Investment Corp stock news signals to limit their universe of possible portfolio assets.
MGIC |
MGIC Investment Third Quarter 2024 Results Key Financial Results Revenue US306.6m up 3.4 percent from 3Q...
Read at finance.yahoo.com
 |
MGIC Investment Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards MGIC Investment can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
MGIC Investment Fundamental Analysis
We analyze MGIC Investment's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MGIC Investment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MGIC Investment based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earning
Price To Earning Comparative Analysis
MGIC Investment is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
MGIC Investment Corp Potential Pair-trading
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.
Peers
MGIC Investment Related Equities
| AGO | Assured Guaranty | 2.03 | ||||
| ESNT | Essent | 1.17 | ||||
| ICCH | ICC Holdings | 0.52 | ||||
| EIG | Employers Holdings | 0.44 | ||||
| AMSF | AMERISAFE | 1.70 | ||||
| JRVR | James River | 3.49 | ||||
| NMIH | NMI Holdings | 3.63 | ||||
| RDN | Radian | 4.05 | ||||
| MBI | MBIA | 5.36 | ||||
| ITIC | Investors Title | 6.77 | ||||
| AMBC | Ambac Financial | 7.77 |
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.
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. |