In magnetostatics, permanent magnets and electromagnets have the same effect, so for the computations, I'll assimilate the ring magnet as a solenoid. There are many methods for computing the force. The short answer is that paradoxically, the magnet applies no net force on the wire. Naturally, this will not apply anymore for AC currents, and only holds for DC currents. It's still a good sanity check for the AC case, as it means that the force is proportional to the frequency hence the canceling at zero frequency.
The first natural method is to integrate the force applied by the solenoid's field on the wire:
$$
F = I\int B\times ds
$$
with $B$ the field generated by the solenoid and $ds$ the line element of the wire. You would therefore first need to compute the field $B$ which does not have a simple expression and then integrate it making it complicated.
Another way is to first compute the mutual inductance of the wire and the solenoid $M$. It describes the interaction magnetic energy between the two that will depend on the position of the wire. More precisely, at fixed currents, $-M$ describes the mechanical potential energy between the two currents due to the magnetic force's work. The wire, if free to move, will therefore try to maximise $M$ and a maximum in configuration would correspond to a stable mechanical equilibrium.
Computing the mutual inductance is much easier, you just need to compute the flux of the field of one of the currents across the other current. The solenoid generates a field in the $r,z$ plane, so the flux across the wire is zero as can be seen by taking a half plane that contains the solenoid's field. Equivalently, the flux of the wire's field across any current loop forming the solenoid is zero, since the field is orthoradial and you can take a surface to be the disk perpendicular to the axis.
To conclude, the mutual inductance is zero, no matter the position of the wire. By taking the derivative, the force is zero, so the equilibrium is neutral.
Note that if you allow the wire to rotate, part of the reasoning is salvageable. Mutual inductance is zero as long as the wire lies in a plane of symmetry of the solenoid. When it leaves it, you have a non zero mutual inductance. In fact, you can prove that the wire being parallel to the axis of the solenoid is an unstable equilibrium. The wire will tend to align with the direction of the current of the solenoid's loop (i.e. tilt) and is repelled from the center.
Hope this helps.