Magic Software (Israel) Market Value
| MGIC Stock | ILA 4,374 40.00 0.91% |
| 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.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Magic Software on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Magic Software Enterprises or generate 0.0% return on investment in Magic Software over 30 days. Magic Software is related to or competes with Sapiens International, AudioCodes, Matrix, Tower Semiconductor, and Nova. Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical sof... 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 Enterprises upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.91 | |||
| Information Ratio | 0.1189 | |||
| Maximum Drawdown | 11.97 | |||
| Value At Risk | (2.64) | |||
| Potential Upside | 4.71 |
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 | 0.099 | |||
| Jensen Alpha | 0.3181 | |||
| Total Risk Alpha | 0.1582 | |||
| Sortino Ratio | 0.1441 | |||
| Treynor Ratio | 5.06 |
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 Enter Backtested Returns
Magic Software appears to be very steady, given 3 months investment horizon. Magic Software Enter has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Magic Software, which you can use to evaluate the volatility of the firm. Please exercise Magic Software's Mean Deviation of 1.75, downside deviation of 1.91, and Risk Adjusted Performance of 0.099 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Magic Software holds a performance score of 12. The company secures a Beta (Market Risk) of 0.0634, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Magic Software's returns are expected to increase less than the market. However, during the bear market, the loss of holding Magic Software is expected to be smaller as well. Please check Magic Software's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Magic Software's current price movements will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Magic Software Enterprises has very good reverse predictability. Overlapping area represents the amount of predictability between Magic Software time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 2024. 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 Enter price movement. The serial correlation of -0.7 indicates that around 70.0% of current Magic Software price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1327.55 |
Magic Software Enter 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 Enterprises.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Magic Software Correlation, Magic Software Volatility and Magic Software Alpha and Beta module to complement your research on Magic Software. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
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.
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| 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 | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Stocks Directory Find actively traded stocks across global markets | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance |
Magic Software technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.