Micron Technology Stock Market Value
| MU Stock | USD 106.77 5.16 4.61% |
| Symbol | Micron |
Micron Technology Price To Book Ratio
Is Micron Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Micron Technology. If investors know Micron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Micron Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.43) | Dividend Share 0.46 | Earnings Share (3.43) | Revenue Per Share 16.67 | Quarterly Revenue Growth 0.577 |
The market value of Micron Technology is measured differently than its book value, which is the value of Micron that is recorded on the company's balance sheet. Investors also form their own opinion of Micron Technology's value that differs from its market value or its book value, called intrinsic value, which is Micron Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Micron Technology's market value can be influenced by many factors that don't directly affect Micron Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Micron Technology on March 20, 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, Intel, Taiwan Semiconductor, Marvell Technology, Advanced Micro, Broadcom, and Qualcomm Incorporated. Micron Technology, Inc. designs, develops, 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.
| Downside Deviation | 2.43 | |||
| Information Ratio | 0.1329 | |||
| Maximum Drawdown | 18.59 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 5.43 |
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 | 0.1042 | |||
| Jensen Alpha | 0.3649 | |||
| Total Risk Alpha | 0.1737 | |||
| Sortino Ratio | 0.1654 | |||
| Treynor Ratio | 0.2837 |
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 Backtested Returns
Micron Technology appears to be very steady, given 3 months investment horizon. Micron Technology has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Micron Technology, which you can use to evaluate the volatility of the firm. Please exercise Micron Technology's Mean Deviation of 2.09, risk adjusted performance of 0.1042, and Downside Deviation of 2.43 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Micron Technology holds a performance score of 8. The company secures a Beta (Market Risk) of 1.62, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Micron Technology will likely underperform. Please check Micron Technology's total risk alpha, as well as the relationship between the downside variance and daily balance of power , to make a quick decision on whether Micron Technology's current price movements will revert.
Auto-correlation | -0.51 |
Good reverse predictability
Micron Technology has good reverse predictability. Overlapping area represents the amount of predictability between Micron Technology time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. 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 -0.51 indicates that about 51.0% of current Micron Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 15.5 |
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 |
Micron Technology Investors Sentiment
The influence of Micron Technology's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Micron. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Micron Technology's public news can be used to forecast risks associated with an investment in Micron. The trend in average sentiment can be used to explain how an investor holding Micron can time the market purely based on public headlines and social activities around Micron Technology. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Micron Technology's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Micron Technology's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Micron Technology's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Micron Technology.
Micron Technology Implied Volatility | 63.15 |
Micron Technology's implied volatility exposes the market's sentiment of Micron Technology stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Micron Technology's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Micron Technology stock will not fluctuate a lot when Micron Technology's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Micron Technology in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Micron Technology's short interest history, or implied volatility extrapolated from Micron Technology options trading.
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Try AI Portfolio ArchitectCheck out Micron Technology Correlation, Micron Technology Volatility and Micron Technology Alpha and Beta module to complement your research on Micron Technology. For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary 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.
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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.