MAGIC SOFTWARE (Germany) Market Value
| MGK Stock | 12.40 0.10 0.81% |
| Symbol | MAGIC |
MAGIC SOFTWARE 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to MAGIC SOFTWARE's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of MAGIC SOFTWARE.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in MAGIC SOFTWARE on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding MAGIC SOFTWARE ENTR or generate 0.0% return on investment in MAGIC SOFTWARE over 90 days. MAGIC SOFTWARE is related to or competes with Virtu Financial, CHIBA BANK, AIR PRODCHEMICALS, S E, UNIQA INSURANCE, Direct Line, and COREBRIDGE FINANCIAL. More
MAGIC SOFTWARE Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure MAGIC SOFTWARE's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess MAGIC SOFTWARE ENTR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | 0.1455 | |||
| Maximum Drawdown | 10.09 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 4.47 |
MAGIC SOFTWARE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MAGIC SOFTWARE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MAGIC SOFTWARE's standard deviation. In reality, there are many statistical measures that can use MAGIC SOFTWARE historical prices to predict the future MAGIC SOFTWARE's volatility.| Risk Adjusted Performance | 0.096 | |||
| Jensen Alpha | 0.1646 | |||
| Total Risk Alpha | 0.5226 | |||
| Sortino Ratio | 0.1535 | |||
| Treynor Ratio | (0.38) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MAGIC SOFTWARE's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MAGIC SOFTWARE ENTR Backtested Returns
Currently, MAGIC SOFTWARE ENTR is somewhat reliable. MAGIC SOFTWARE ENTR has Sharpe Ratio of 0.0683, which conveys that the company had a 0.0683 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for MAGIC SOFTWARE, which you can use to evaluate the volatility of the entity. Please verify MAGIC SOFTWARE's Semi Deviation of 1.76, downside deviation of 2.21, and Mean Deviation of 1.76 to check out if the risk estimate we provide is consistent with the expected return of 0.16%. MAGIC SOFTWARE has a performance score of 5 on a scale of 0 to 100. The firm secures a Beta (Market Risk) of -0.6, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MAGIC SOFTWARE are expected to decrease at a much lower rate. During the bear market, MAGIC SOFTWARE is likely to outperform the market. MAGIC SOFTWARE ENTR at this time secures a risk of 2.33%. Please verify MAGIC SOFTWARE ENTR standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if MAGIC SOFTWARE ENTR will be following its current price movements.
Auto-correlation | -0.65 |
Very good reverse predictability
MAGIC SOFTWARE ENTR has very good reverse predictability. Overlapping area represents the amount of predictability between MAGIC SOFTWARE time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MAGIC SOFTWARE ENTR price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current MAGIC SOFTWARE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
MAGIC SOFTWARE ENTR lagged returns against current returns
Autocorrelation, which is MAGIC SOFTWARE stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting MAGIC SOFTWARE's stock expected returns. We can calculate the autocorrelation of MAGIC SOFTWARE returns to help us make a trade decision. For example, suppose you find that MAGIC SOFTWARE has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
MAGIC SOFTWARE regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If MAGIC SOFTWARE stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MAGIC SOFTWARE stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MAGIC SOFTWARE stock over time.
Current vs Lagged Prices |
| Timeline |
MAGIC SOFTWARE Lagged Returns
When evaluating MAGIC SOFTWARE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MAGIC SOFTWARE stock have on its future price. MAGIC SOFTWARE autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, MAGIC SOFTWARE autocorrelation shows the relationship between MAGIC SOFTWARE stock current value and its past values and can show if there is a momentum factor associated with investing in MAGIC SOFTWARE ENTR.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for MAGIC Stock Analysis
When running MAGIC SOFTWARE's price analysis, check to measure MAGIC SOFTWARE'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 MAGIC SOFTWARE is operating at the current time. Most of MAGIC SOFTWARE's value examination focuses on studying past and present price action to predict the probability of MAGIC SOFTWARE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MAGIC SOFTWARE's price. Additionally, you may evaluate how the addition of MAGIC SOFTWARE to your portfolios can decrease your overall portfolio volatility.