Mgic Investment Corp Stock Beta
| MTG Stock | USD 26.11 0.22 0.84% |
MGIC Investment Corp fundamentals help investors to digest information that contributes to MGIC Investment's financial success or failures. It also enables traders to predict the movement of MGIC Stock. The fundamental analysis module provides a way to measure MGIC Investment's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to MGIC Investment stock.
MGIC | Beta |
MGIC Investment Corp Company Beta Analysis
MGIC Investment's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current MGIC Investment Beta | 1.27 |
Most of MGIC Investment's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, MGIC Investment Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
MGIC Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for MGIC Investment is extremely important. It helps to project a fair market value of MGIC Stock properly, considering its historical fundamentals such as Beta. Since MGIC Investment's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of MGIC Investment's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of MGIC Investment's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, MGIC Investment Corp has a Beta of 1.273. This is 55.24% higher than that of the Financial Services sector and significantly higher than that of the Financials industry. The beta for all United States stocks is notably lower than that of the firm.
MGIC Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses MGIC Investment's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. 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 of similar companies.MGIC Investment is currently under evaluation in beta category among its peers.
MGIC Investment ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, MGIC Investment's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to MGIC Investment's managers, analysts, and investors.Environmental | Governance | Social |
MGIC Investment Institutional Holders
Institutional Holdings refers to the ownership stake in MGIC Investment that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of MGIC Investment's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing MGIC Investment's value.| Shares | Geode Capital Management, Llc | 2024-09-30 | 4.6 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 4.3 M | Northern Trust Corp | 2024-09-30 | 4.2 M | Norges Bank | 2024-06-30 | 3.6 M | Goldman Sachs Group Inc | 2024-06-30 | 3.5 M | Arrowstreet Capital Limited Partnership | 2024-06-30 | 3.3 M | American Century Companies Inc | 2024-09-30 | 3.1 M | Aqr Capital Management Llc | 2024-06-30 | 3 M | Bank Of New York Mellon Corp | 2024-06-30 | 3 M | Vanguard Group Inc | 2024-09-30 | 35 M | Blackrock Inc | 2024-06-30 | 24.5 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MGIC Investment will likely underperform.
MGIC Fundamentals
| Return On Equity | 0.15 | |||
| Return On Asset | 0.096 | |||
| Profit Margin | 0.64 % | |||
| Operating Margin | 0.86 % | |||
| Current Valuation | 6.97 B | |||
| Shares Outstanding | 253.36 M | |||
| Shares Owned By Insiders | 1.40 % | |||
| Shares Owned By Institutions | 97.71 % | |||
| Number Of Shares Shorted | 8.75 M | |||
| Price To Earning | 10.50 X | |||
| Price To Book | 1.25 X | |||
| Price To Sales | 5.56 X | |||
| Revenue | 1.16 B | |||
| Gross Profit | 1.2 B | |||
| EBITDA | 902.23 M | |||
| Net Income | 712.95 M | |||
| Cash And Equivalents | 327.38 M | |||
| Cash Per Share | 1.35 X | |||
| Total Debt | 643.2 M | |||
| Debt To Equity | 0.20 % | |||
| Current Ratio | 2.68 X | |||
| Book Value Per Share | 20.66 X | |||
| Cash Flow From Operations | 712.96 M | |||
| Short Ratio | 5.13 X | |||
| Earnings Per Share | 2.83 X | |||
| Price To Earnings To Growth | 1.54 X | |||
| Target Price | 26.21 | |||
| Number Of Employees | 627 | |||
| Beta | 1.27 | |||
| Market Capitalization | 6.62 B | |||
| Total Asset | 6.54 B | |||
| Retained Earnings | 4.59 B | |||
| Annual Yield | 0.02 % | |||
| Net Asset | 6.54 B | |||
| Last Dividend Paid | 0.48 |
About MGIC Investment Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze MGIC Investment Corp'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 Corp 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.
Please read more on our fundamental analysis page.
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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 MGIC Investment Piotroski F Score and MGIC Investment Altman Z Score analysis. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.