Micron Total Liab vs Property Plant And Equipment Net Analysis

MU Stock   20.61  0.54  2.69%   
Micron Technology, financial indicator trend analysis is infinitely more than just investigating Micron Technology, recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Micron Technology, is a good investment. Please check the relationship between Micron Technology, Total Liab and its Property Plant And Equipment Net accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Micron Technology,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Total Liab vs Property Plant And Equipment Net

Total Liab vs Property Plant And Equipment Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Micron Technology, Total Liab account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Micron Technology,'s Total Liab and Property Plant And Equipment Net is 0.94. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Micron Technology,, assuming nothing else is changed. The correlation between historical values of Micron Technology,'s Total Liab and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Micron Technology, are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Liab i.e., Micron Technology,'s Total Liab and Property Plant And Equipment Net go up and down completely randomly.

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.
Most indicators from Micron Technology,'s fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Micron Technology, current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Micron Technology,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of the 6th of January 2025, Tax Provision is likely to drop to about 382 M. In addition to that, Selling General Administrative is likely to drop to about 1.1 B
 2022 2023 2024 2025 (projected)
Interest Expense388M562M646.3M363.6M
Interest Income468M529M608.4M310.8M

Micron Technology, fundamental ratios Correlations

0.790.83-0.370.99-0.160.95-0.711.00.990.85-0.22-0.84-0.740.980.880.940.940.920.950.99-0.840.980.880.990.91
0.790.98-0.10.740.00.92-0.730.760.790.450.42-0.49-0.450.730.50.750.620.540.710.69-0.390.710.580.830.69
0.830.98-0.230.77-0.130.95-0.80.790.840.550.36-0.57-0.490.750.590.820.670.60.790.73-0.470.770.590.880.76
-0.37-0.1-0.23-0.340.96-0.270.74-0.35-0.31-0.390.30.760.76-0.27-0.39-0.34-0.26-0.29-0.37-0.390.4-0.34-0.04-0.39-0.65
0.990.740.77-0.34-0.10.91-0.641.00.980.87-0.3-0.84-0.731.00.890.930.960.950.941.0-0.870.980.920.970.89
-0.160.0-0.130.96-0.1-0.110.67-0.12-0.11-0.210.120.550.55-0.03-0.2-0.18-0.04-0.05-0.2-0.150.18-0.130.21-0.21-0.48
0.950.920.95-0.270.91-0.11-0.760.920.960.770.09-0.7-0.580.90.80.950.860.810.930.88-0.710.920.780.970.83
-0.71-0.73-0.80.74-0.640.67-0.76-0.67-0.68-0.5-0.160.790.77-0.59-0.52-0.68-0.52-0.47-0.67-0.640.46-0.64-0.34-0.76-0.83
1.00.760.79-0.351.0-0.120.92-0.670.980.85-0.27-0.85-0.750.990.870.910.940.930.931.0-0.840.970.90.970.9
0.990.790.84-0.310.98-0.110.96-0.680.980.89-0.18-0.79-0.650.970.910.980.960.940.980.96-0.860.990.90.990.86
0.850.450.55-0.390.87-0.210.77-0.50.850.89-0.49-0.77-0.550.851.00.930.960.960.950.87-0.980.930.850.850.74
-0.220.420.360.3-0.30.120.09-0.16-0.27-0.18-0.490.450.4-0.31-0.45-0.15-0.4-0.5-0.23-0.360.6-0.29-0.42-0.12-0.21
-0.84-0.49-0.570.76-0.840.55-0.70.79-0.85-0.79-0.770.450.95-0.81-0.78-0.75-0.78-0.79-0.79-0.870.81-0.82-0.67-0.82-0.89
-0.74-0.45-0.490.76-0.730.55-0.580.77-0.75-0.65-0.550.40.95-0.72-0.57-0.56-0.61-0.63-0.6-0.770.62-0.67-0.54-0.69-0.84
0.980.730.75-0.271.0-0.030.9-0.590.990.970.85-0.31-0.81-0.720.870.90.960.950.920.99-0.850.970.940.950.85
0.880.50.59-0.390.89-0.20.8-0.520.870.911.0-0.45-0.78-0.570.870.940.970.970.960.89-0.980.950.870.880.77
0.940.750.82-0.340.93-0.180.95-0.680.910.980.93-0.15-0.75-0.560.90.940.950.911.00.91-0.870.970.840.970.82
0.940.620.67-0.260.96-0.040.86-0.520.940.960.96-0.4-0.78-0.610.960.970.950.990.960.95-0.950.990.960.920.78
0.920.540.6-0.290.95-0.050.81-0.470.930.940.96-0.5-0.79-0.630.950.970.910.990.940.95-0.970.970.960.890.77
0.950.710.79-0.370.94-0.20.93-0.670.930.980.95-0.23-0.79-0.60.920.961.00.960.940.93-0.90.980.860.970.84
0.990.690.73-0.391.0-0.150.88-0.641.00.960.87-0.36-0.87-0.770.990.890.910.950.950.93-0.880.970.910.960.91
-0.84-0.39-0.470.4-0.870.18-0.710.46-0.84-0.86-0.980.60.810.62-0.85-0.98-0.87-0.95-0.97-0.9-0.88-0.91-0.88-0.81-0.71
0.980.710.77-0.340.98-0.130.92-0.640.970.990.93-0.29-0.82-0.670.970.950.970.990.970.980.97-0.910.920.970.86
0.880.580.59-0.040.920.210.78-0.340.90.90.85-0.42-0.67-0.540.940.870.840.960.960.860.91-0.880.920.830.65
0.990.830.88-0.390.97-0.210.97-0.760.970.990.85-0.12-0.82-0.690.950.880.970.920.890.970.96-0.810.970.830.92
0.910.690.76-0.650.89-0.480.83-0.830.90.860.74-0.21-0.89-0.840.850.770.820.780.770.840.91-0.710.860.650.92
Click cells to compare fundamentals

Micron Technology, Account Relationship Matchups

Pair Trading with Micron Technology,

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Micron Technology, position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Micron Technology, will appreciate offsetting losses from the drop in the long position's value.

Moving together with Micron Stock

  0.62QCOM QUALCOMM IncorporatedPairCorr

Moving against Micron Stock

  0.57QNC Quantum NumbersPairCorr
  0.56PTK POET TechnologiesPairCorr
  0.52IVS Inventus Mining CorpPairCorr
  0.45AVGO BroadcomPairCorr
The ability to find closely correlated positions to Micron Technology, could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Micron Technology, when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Micron Technology, - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Micron Technology, to buy it.
The correlation of Micron Technology, is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Micron Technology, moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Micron Technology, moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Micron Technology, can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Micron Stock

Balance Sheet is a snapshot of the financial position of Micron Technology, at a specified time, usually calculated after every quarter, six months, or one year. Micron Technology, Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Micron Technology, and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Micron currently owns. An asset can also be divided into two categories, current and non-current.