Magic Software (Israel) Performance
| MGIC Stock | ILA 4,080 20.00 0.49% |
Magic Software has a performance score of 2 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0371, which conveys not very significant fluctuations relative to the market. 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 Enter right now secures a risk of 2.45%. Please verify Magic Software Enterprises standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Magic Software Enterprises will be following its current price movements.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Magic Software Enterprises are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. Despite somewhat strong basic indicators, Magic Software is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
| Begin Period Cash Flow | 88.1 M | |
| Total Cashflows From Investing Activities | -16.9 M |
Magic |
Magic Software Relative Risk vs. Return Landscape
If you would invest 398,700 in Magic Software Enterprises on August 30, 2024 and sell it today you would earn a total of 9,300 from holding Magic Software Enterprises or generate 2.33% return on investment over 90 days. Magic Software Enterprises is generating 0.079% of daily returns and assumes 2.4515% volatility on return distribution over the 90 days horizon. Simply put, 21% of stocks are less volatile than Magic, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Magic Software Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magic Software's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Magic Software Enterprises, and traders can use it to determine the average amount a Magic Software's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0322
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Estimated Market Risk
| 2.45 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.08 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Magic Software is performing at about 2% of its full potential. 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 Magic Software by adding it to a well-diversified portfolio.
Magic Software Fundamentals Growth
Magic Stock prices reflect investors' perceptions of the future prospects and financial health of Magic Software, and Magic Software fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Magic Stock performance.
| Return On Equity | 0.15 | |||
| Return On Asset | 0.0809 | |||
| Profit Margin | 0.07 % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 2.73 B | |||
| Shares Outstanding | 49.09 M | |||
| Price To Book | 3.18 X | |||
| Price To Sales | 4.90 X | |||
| Revenue | 480.32 M | |||
| EBITDA | 63.09 M | |||
| Cash And Equivalents | 92.32 M | |||
| Cash Per Share | 1.88 X | |||
| Total Debt | 22.17 M | |||
| Debt To Equity | 0.27 % | |||
| Book Value Per Share | 5.13 X | |||
| Cash Flow From Operations | 37.81 M | |||
| Earnings Per Share | 2.23 X | |||
| Total Asset | 492.05 M | |||
| Current Asset | 128 M | |||
| Current Liabilities | 39 M | |||
About Magic Software Performance
By analyzing Magic Software's fundamental ratios, stakeholders can gain valuable insights into Magic Software's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Magic Software has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Magic Software has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies outsourcing software services in Israel and internationally. Magic Software Enterprises Ltd. was incorporated in 1983 and is headquartered in Or Yehuda, Israel. MAGIC SOFTWARE operates under Information Technology Services classification in Israel and is traded on Tel Aviv Stock Exchange. It employs 3677 people.Things to note about Magic Software Enter performance evaluation
Checking the ongoing alerts about Magic Software for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Magic Software Enter help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| About 48.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Magic Software's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Magic Software's stock is overvalued or undervalued compared to its peers.
- Examining Magic Software's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Magic Software's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Magic Software's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Magic Software's stock. These opinions can provide insight into Magic Software's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary 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.
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| Fundamental Analysis View fundamental data based on most recent published financial statements |