Micron Technology's market value is the price at which a share of Micron Technology trades on a public exchange. It measures the collective expectations of Micron Technology investors about its performance. Micron Technology is selling for under 86.63 as of the 3rd of January 2025; that is 2.48 percent increase since the beginning of the trading day. The stock's lowest day price was 85.45. With this module, you can estimate the performance of a buy and hold strategy of Micron Technology and determine expected loss or profit from investing in Micron Technology over a given investment horizon. Check out Micron Technology Correlation, Micron Technology Volatility and Micron Technology Alpha and Beta module to complement your research on Micron Technology.
Please note, there is a significant difference between Micron Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Micron Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Micron Technology'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.
Micron Technology '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 Micron Technology'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 Micron Technology.
0.00
12/10/2023
No Change 0.00
0.0
In 1 year and 26 days
01/03/2025
0.00
If you would invest 0.00 in Micron Technology on December 10, 2023 and sell it all today you would earn a total of 0.00 from holding Micron Technology or generate 0.0% return on investment in Micron Technology over 390 days. Micron Technology is related to or competes with Samsung Electronics, Samsung Electronics, Toyota, Reliance Industries, and State Bank. Micron Technology is entity of United Kingdom More
Micron Technology 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 Micron Technology'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 Micron Technology upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Micron Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Micron Technology's standard deviation. In reality, there are many statistical measures that can use Micron Technology historical prices to predict the future Micron Technology's volatility.
Micron Technology has Sharpe Ratio of -0.057, which conveys that the firm had a -0.057% return per unit of risk over the last 3 months. Micron Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Micron Technology's Standard Deviation of 3.75, mean deviation of 2.47, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.11, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Micron Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Micron Technology is expected to be smaller as well. At this point, Micron Technology has a negative expected return of -0.22%. Please make sure to verify Micron Technology's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Micron Technology performance from the past will be repeated at some point in the near future.
Auto-correlation
-0.33
Poor reverse predictability
Micron Technology has poor reverse predictability. Overlapping area represents the amount of predictability between Micron Technology time series from 10th of December 2023 to 22nd of June 2024 and 22nd of June 2024 to 3rd of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Micron Technology price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Micron Technology price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.33
Spearman Rank Test
-0.36
Residual Average
0.0
Price Variance
179.94
Micron Technology lagged returns against current returns
Autocorrelation, which is Micron Technology 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 Micron Technology's stock expected returns. We can calculate the autocorrelation of Micron Technology returns to help us make a trade decision. For example, suppose you find that Micron Technology 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
Micron Technology 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 Micron Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Micron Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Micron Technology stock over time.
Current vs Lagged Prices
Timeline
Micron Technology Lagged Returns
When evaluating Micron Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Micron Technology stock have on its future price. Micron Technology 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, Micron Technology autocorrelation shows the relationship between Micron Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Micron Technology.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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.