MGIC Roe vs Roic Analysis
| MTG Stock | USD 26.26 0.15 0.57% |
MGIC Investment financial indicator trend analysis is infinitely more than just investigating MGIC Investment Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether MGIC Investment Corp is a good investment. Please check the relationship between MGIC Investment Roe and its Roic accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Roe vs Roic
Roe vs Roic Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of MGIC Investment Corp Roe account and Roic. At this time, the significance of the direction appears to have almost identical trend.
The correlation between MGIC Investment's Roe and Roic is 0.95. Overlapping area represents the amount of variation of Roe that can explain the historical movement of Roic in the same time period over historical financial statements of MGIC Investment Corp, assuming nothing else is changed. The correlation between historical values of MGIC Investment's Roe and Roic is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Roe of MGIC Investment Corp are associated (or correlated) with its Roic. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Roic has no effect on the direction of Roe i.e., MGIC Investment's Roe and Roic go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Roe
Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Most indicators from MGIC Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into MGIC Investment Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. The MGIC Investment's current Sales General And Administrative To Revenue is estimated to increase to 0.13, while Tax Provision is projected to decrease to roughly 117.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 71.4M | 48.1M | 36.9M | 49.5M | Depreciation And Amortization | 66.0M | 54.3M | 35.2M | 42.6M |
MGIC Investment fundamental ratios Correlations
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MGIC Investment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
MGIC Investment fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 6.2B | 7.4B | 7.3B | 6.2B | 6.5B | 5.7B | |
| Short Long Term Debt Total | 832.7M | 1.2B | 2.1B | 662.8M | 643.2M | 835.0M | |
| Total Stockholder Equity | 4.3B | 4.7B | 4.9B | 4.6B | 5.1B | 2.7B | |
| Property Plant And Equipment Net | 50.1M | 47.1M | 45.6M | 41.4M | 38.8M | 39.0M | |
| Net Debt | 670.9M | 955.2M | 862.0M | 335.4M | 279.5M | 441.7M | |
| Retained Earnings | 2.3B | 2.6B | 3.3B | 4.0B | 4.6B | 4.8B | |
| Non Currrent Assets Other | (5.8B) | (6.7B) | (6.6B) | (187.0M) | (34.4M) | (36.1M) | |
| Other Assets | 240.7M | 244.6M | 324.2M | 508.3M | 6.3B | 6.6B | |
| Common Stock Shares Outstanding | 373.9M | 359.3M | 351.3M | 311.2M | 287.2M | 225.9M | |
| Liabilities And Stockholders Equity | 6.2B | 7.4B | 7.3B | 6.2B | 6.5B | 5.7B | |
| Non Current Liabilities Total | 832.7M | 1.2B | 1.1B | 510.7M | 1.5B | 756.8M | |
| Other Stockholder Equity | 1.6B | 1.5B | 1.1B | 748.6M | 423.8M | 354.2M | |
| Total Liab | 832.7M | 1.2B | 1.1B | 1.6B | 1.5B | 2.9B | |
| Property Plant And Equipment Gross | 44.9M | 51.7M | 50.1M | 47.1M | 54.2M | 38.3M | |
| Other Current Liab | 532.2M | 784.8M | 817.3M | (168.0M) | 472.1M | 448.5M | |
| Total Current Liabilities | 532.2M | 784.8M | 817.3M | 168.0M | 472.1M | 448.5M | |
| Cash | 161.8M | 288.0M | 284.7M | 327.4M | 363.7M | 345.4M | |
| Non Current Assets Total | 5.8B | 6.7B | 6.6B | 5.5B | 34.6M | 32.9M | |
| Cash And Short Term Investments | 161.8M | 288.0M | 284.7M | 327.4M | 363.7M | 402.0M | |
| Net Receivables | 21.6M | 95.0M | 66.9M | 864K | 2.9M | 2.7M | |
| Short Term Investments | 5.7B | 6.7B | 6.6B | 5.4B | 5.7B | 3.1B | |
| Total Current Assets | 183.5M | 383.0M | 351.6M | 240.3M | 211.5M | 200.9M | |
| Accumulated Other Comprehensive Income | 72.7M | 216.8M | 119.7M | (481.5M) | (316.3M) | (300.5M) | |
| Other Liab | 496.8M | 985.8M | 1.1B | 710.4M | 817.0M | 973.5M | |
| Long Term Debt | 420.9M | 879.4M | 1.1B | 641.7M | 643.2M | 755.3M | |
| Treasury Stock | (283.2M) | (393.3M) | (675.3M) | (1.1B) | (1.2B) | (1.3B) | |
| Property Plant Equipment | 50.1M | 47.1M | 45.6M | 41.4M | 47.6M | 39.4M | |
| Accounts Payable | 369.6M | 252.8M | 208.2M | 137.5M | 158.1M | 88.8M | |
| Net Tangible Assets | 4.3B | 4.7B | 4.9B | 4.6B | 5.3B | 3.0B | |
| Good Will | (204.4M) | 5.6B | 6.5B | 6.4B | 7.3B | 7.7B | |
| Retained Earnings Total Equity | 2.3B | 2.6B | 3.3B | 4.0B | 4.6B | 4.8B | |
| Long Term Debt Total | 420.9M | 879.4M | 1.1B | 641.7M | 738.0M | 765.2M | |
| Capital Surpluse | 1.9B | 1.9B | 1.8B | 1.8B | 2.1B | 1.8B | |
| Inventory | (702.0M) | (796.0M) | (755.0M) | (1.0B) | (6.2B) | (5.9B) | |
| Other Current Assets | 702.0M | 796.0M | 755.0M | 891.3M | 370.6M | 352.1M | |
| Long Term Investments | 5.8B | 6.7B | 6.7B | 5.5B | 5.7B | 6.0B |
Currently Active Assets on Macroaxis
When determining whether MGIC Investment Corp is a strong investment it is important to analyze MGIC Investment's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGIC Investment's future performance. For an informed investment choice regarding MGIC Stock, refer to the following important reports:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MGIC Investment Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Commercial & Residential Mortgage Finance 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 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 0.201 | Dividend Share 0.475 | Earnings Share 2.83 | Revenue Per Share 4.449 | Quarterly Revenue Growth 0.034 |
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.