Micron Technology Correlations
| MU Stock | 91.56 0.94 1.02% |
The current 90-days correlation between Micron Technology and Sun Life Financial is 0.06 (i.e., Significant diversification). 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.
Micron Technology Correlation With Market
Very poor diversification
The correlation between Micron Technology and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Micron Technology and DJI in the same portfolio, assuming nothing else is changed.
Micron |
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.
Moving together with Micron Stock
| 0.88 | TXN | Texas Instruments CDR | PairCorr |
| 0.88 | TXN | Texas Instruments CDR | PairCorr |
| 0.7 | QNC | Quantum eMotion Corp | PairCorr |
| 0.93 | BNP | BNP Paribas CDR | PairCorr |
| 0.63 | RY | Royal Bank | PairCorr |
| 0.79 | TD | Toronto Dominion Bank | PairCorr |
| 0.78 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.8 | NAR | North Arrow Minerals | PairCorr |
| 0.97 | ATX | ATEX Resources | PairCorr |
| 0.8 | URE | Ur Energy | PairCorr |
| 0.75 | BTO | B2Gold Corp | PairCorr |
| 0.78 | IVN | Ivanhoe Mines | PairCorr |
| 0.81 | PML | Panoro Minerals | PairCorr |
| 0.67 | TCL-A | Transcontinental | PairCorr |
| 0.85 | SLF-PJ | Sun Life Financial | PairCorr |
| 0.67 | RTG | RTG Mining | PairCorr |
| 0.61 | TUF | Honey Badger Silver | PairCorr |
| 0.71 | FFU | F4 Uranium Corp | PairCorr |
| 0.88 | BN-PC | Brookfield | PairCorr |
| 0.77 | BN-PFI | Brookfield | PairCorr |
| 0.86 | FTEC | Fintech Select | PairCorr |
| 0.95 | CJT | Cargojet | PairCorr |
| 0.7 | MFC-PP | Manulife Financial Corp | PairCorr |
| 0.87 | TOT | Total Energy Services | PairCorr |
Moving against Micron Stock
| 0.8 | QCOM | QUALCOMM Incorporated | PairCorr |
| 0.74 | AVGO | Broadcom CDR Earnings Call This Week | PairCorr |
| 0.37 | BOFA | Bank of America | PairCorr |
| 0.33 | JPM | JPMorgan Chase | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | WOI-H | ||
| 0.0 | 0.3 | 0.34 | 0.25 | -0.12 | 0.57 | FTU | ||
| 0.0 | 0.3 | 0.42 | 0.45 | 0.37 | 0.64 | SLF-PC | ||
| 0.0 | 0.34 | 0.42 | 0.09 | 0.47 | 0.53 | FOOD | ||
| 0.0 | 0.25 | 0.45 | 0.09 | 0.09 | 0.49 | ELF-PG | ||
| 0.0 | -0.12 | 0.37 | 0.47 | 0.09 | 0.25 | AW | ||
| 0.0 | 0.57 | 0.64 | 0.53 | 0.49 | 0.25 | FTU-PB | ||
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Micron Stock performing well and Micron Technology Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Micron Technology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WOI-H | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FTU | 1.78 | 0.36 | 0.03 | (1.03) | 2.51 | 6.15 | 33.01 | |||
| SLF-PC | 0.45 | 0.04 | (0.06) | 0.47 | 0.41 | 0.98 | 3.16 | |||
| FOOD | 3.05 | 0.18 | 0.03 | 0.22 | 3.38 | 7.69 | 26.67 | |||
| ELF-PG | 0.18 | 0.02 | (0.20) | 0.31 | 0.03 | 0.47 | 2.47 | |||
| AW | 0.74 | 0.00 | (0.07) | 0.02 | 1.01 | 1.84 | 4.35 | |||
| FTU-PB | 1.26 | 0.16 | 0.03 | 0.72 | 1.50 | 4.40 | 11.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Micron Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators |
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Micron Technology Corporate Management
Elected by the shareholders, the Micron Technology's board of directors comprises two types of representatives: Micron Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Micron. The board's role is to monitor Micron Technology's management team and ensure that shareholders' interests are well served. Micron Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Micron Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Ray | Chief VP | Profile | |
| Scott DeBoer | Executive Officer | Profile | |
| Sumit Sadana | Executive Officer | Profile | |
| Michael Cordano | Executive Sales | Profile | |
| Anand Bahl | Co Officer | Profile | |
| Satya Kumar | Corporate Treasurer | Profile |