Micron Technology, Stock Market Value
| MU Stock | 20.07 0.74 3.83% |
| Symbol | Micron |
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,.
| 12/04/2024 |
| 01/03/2025 |
If you would invest 0.00 in Micron Technology, on December 4, 2024 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 30 days. Micron Technology, is related to or competes with NVIDIA CDR, IShares Canadian, Altagas Cum, and EcoSynthetix. Micron Technology, is entity of Canada. It is traded as Stock on NEO exchange. 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.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 22.9 | |||
| Value At Risk | (4.25) | |||
| Potential Upside | 4.23 |
Micron Technology, Market Risk Indicators
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.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (1.03) |
Micron Technology, Backtested Returns
Micron Technology, has Sharpe Ratio of -0.0615, which conveys that the firm had a -0.0615% return per unit of risk over the last 3 months. Micron Technology, exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Micron Technology,'s Standard Deviation of 3.39, risk adjusted performance of (0.05), and Mean Deviation of 2.42 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.27, 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 skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Micron Technology, performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Micron Technology, has weak predictability. Overlapping area represents the amount of predictability between Micron Technology, time series from 4th of December 2024 to 19th of December 2024 and 19th of December 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 0.22 indicates that over 22.0% of current Micron Technology, price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
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 |
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
Moving against Micron Stock
| 0.67 | PTK | POET Technologies | PairCorr |
| 0.64 | QNC | Quantum Numbers | PairCorr |
| 0.52 | SOY | SunOpta | PairCorr |
| 0.43 | AVGO | Broadcom | PairCorr |
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.Other Information on Investing in Micron Stock
Micron Technology, financial ratios help investors to determine whether Micron Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Micron with respect to the benefits of owning Micron Technology, security.