Micron Technology Stock Probability of Future Stock Price Finishing Under 101.17
| MU Stock | USD 87.09 16.81 16.18% |
Micron |
Micron Technology Target Price Odds to finish below 101.17
The tendency of Micron Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 101.17 after 90 days |
| 87.09 | 90 days | 101.17 | about 40.87 |
Based on a normal probability distribution, the odds of Micron Technology to stay under $ 101.17 after 90 days from now is about 40.87 (This Micron Technology probability density function shows the probability of Micron Stock to fall within a particular range of prices over 90 days) . Probability of Micron Technology price to stay between its current price of $ 87.09 and $ 101.17 at the end of the 90-day period is about 40.67 .
Allowing for the 90-day total investment horizon Micron Technology has a beta of 0.31. This indicates as returns on the market go up, Micron Technology average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Micron Technology will be expected to be much smaller as well. Additionally Micron Technology has an alpha of 0.0526, implying that it can generate a 0.0526 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Micron Technology Price Density |
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Predictive Modules for Micron Technology
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Micron Technology. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Micron Technology'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.
Micron Technology Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Micron Technology is not an exception. The market had few large corrections towards the Micron Technology's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Micron Technology, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Micron Technology within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.05 | |
β | Beta against Dow Jones | 0.31 | |
σ | Overall volatility | 5.81 | |
Ir | Information ratio | 0.01 |
Micron Technology Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Micron Technology for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Micron Technology can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Micron Technology generated a negative expected return over the last 90 days | |
| Micron Technology has high historical volatility and very poor performance | |
| Micron Technology has a poor financial position based on the latest SEC disclosures | |
| Over 81.0% of the company shares are owned by institutional investors | |
| Latest headline from cnbc.com: Flawed predictions shaped recent market losses, Jim Cramer says |
Micron Technology Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Micron Stock often depends not only on the future outlook of the current and potential Micron Technology's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Micron Technology's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 1.1 B | |
| Cash And Short Term Investments | 8.1 B |
Micron Technology Technical Analysis
Micron Technology's future price can be derived by breaking down and analyzing its technical indicators over time. Micron Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Micron Technology. In general, you should focus on analyzing Micron Stock price patterns and their correlations with different microeconomic environments and drivers.
Micron Technology Predictive Forecast Models
Micron Technology's time-series forecasting models is one of many Micron Technology's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Micron Technology's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Micron Technology
Checking the ongoing alerts about Micron Technology for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Micron Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Micron Technology generated a negative expected return over the last 90 days | |
| Micron Technology has high historical volatility and very poor performance | |
| Micron Technology has a poor financial position based on the latest SEC disclosures | |
| Over 81.0% of the company shares are owned by institutional investors | |
| Latest headline from cnbc.com: Flawed predictions shaped recent market losses, Jim Cramer says |
Additional Tools for Micron Stock Analysis
When running Micron Technology's price analysis, check to measure Micron Technology'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 Micron Technology is operating at the current time. Most of Micron Technology's value examination focuses on studying past and present price action to predict the probability of Micron Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micron Technology's price. Additionally, you may evaluate how the addition of Micron Technology to your portfolios can decrease your overall portfolio volatility.