Micron Technology (Brazil) Market Value
| MUTC34 Stock | BRL 94.68 2.32 2.51% |
| 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.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Micron Technology on February 28, 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 720 days. Micron Technology is related to or competes with Healthpeak Properties, Delta Air, Datadog,, Zoom Video, and Telecomunicaes Brasileiras. Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide 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 | (0.03) | |||
| Maximum Drawdown | 24.47 | |||
| Value At Risk | (5.86) | |||
| Potential Upside | 5.62 |
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 | (0.01) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | 2.02 |
Micron Technology Backtested Returns
At this point, Micron Technology is very steady. Micron Technology has Sharpe Ratio of 0.0223, which conveys that the firm had a 0.0223 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Micron Technology, which you can use to evaluate the volatility of the firm. Please verify Micron Technology's Standard Deviation of 4.29, risk adjusted performance of (0.01), and Mean Deviation of 3.02 to check out if the risk estimate we provide is consistent with the expected return of 0.0975%. Micron Technology has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.0538, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Micron Technology are expected to decrease at a much lower rate. During the bear market, Micron Technology is likely to outperform the market. Micron Technology right now secures a risk of 4.38%. Please verify Micron Technology coefficient of variation, jensen alpha, treynor ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Micron Technology will be following its current price movements.
Auto-correlation | -0.07 |
Very weak reverse predictability
Micron Technology has very weak reverse predictability. Overlapping area represents the amount of predictability between Micron Technology time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 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 -0.07 indicates that barely 7.0% of current Micron Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 176.5 |
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.Additional Information and Resources on Investing in Micron Stock
When determining whether Micron Technology is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Micron Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Micron Technology Stock. Highlighted below are key reports to facilitate an investment decision about Micron Technology Stock:Check out Micron Technology Correlation, Micron Technology Volatility and Micron Technology Alpha and Beta module to complement your research on Micron Technology. For information on how to trade Micron Stock refer to our How to Trade Micron Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Micron Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.