Micron Technology Correlations

MU Stock

USD 327.02 12.53 3.69%

The current 90-days correlation between Micron Technology and Lam Research Corp is 0.77 (i.e., Poor diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Micron Technology Correlation With Market

Weak diversification

The correlation between Micron Technology and DJI is 0.39 (i.e., Weak 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.

Build AI portfolio with Micron Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Micron Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.

Moving together with Micron Stock

0.68	ACN	Accenture plc	Pair Corr
0.75	F	Ford Motor Aggressive Push	Pair Corr
0.77	MRK	Merck Company	Pair Corr
0.81	XOM	Exxon Mobil Corp	Pair Corr
0.77	AXP	American Express	Pair Corr
0.88	BAC	Bank of America Earnings Call This Week	Pair Corr

Moving against Micron Stock

0.74	HPQ	HP Inc	Pair Corr
0.67	T	ATT Inc	Pair Corr
0.57	HD	Home Depot	Pair Corr

Related Correlations Analysis

	LRCX	AMAT	CRM	QCOM	IBM	CSCO	TXN	KLAC	SAP	ARM
LRCX		0.86	0.59	0.71	0.48	0.48	0.46	0.95	-0.51	-0.66	LRCX
AMAT	0.86		0.51	0.62	0.46	0.69	0.63	0.84	-0.63	-0.71	AMAT
CRM	0.59	0.51		0.68	0.22	0.2	0.56	0.61	0.07	-0.25	CRM
QCOM	0.71	0.62	0.68		0.7	0.42	0.31	0.81	-0.2	-0.24	QCOM
IBM	0.48	0.46	0.22	0.7		0.58	-0.09	0.6	-0.51	-0.33	IBM
CSCO	0.48	0.69	0.2	0.42	0.58		0.15	0.55	-0.84	-0.77	CSCO
TXN	0.46	0.63	0.56	0.31	-0.09	0.15		0.36	0.02	-0.33	TXN
KLAC	0.95	0.84	0.61	0.81	0.6	0.55	0.36		-0.49	-0.58	KLAC
SAP	-0.51	-0.63	0.07	-0.2	-0.51	-0.84	0.02	-0.49		0.83	SAP
ARM	-0.66	-0.71	-0.25	-0.24	-0.33	-0.77	-0.33	-0.58	0.83		ARM
	LRCX	AMAT	CRM	QCOM	IBM	CSCO	TXN	KLAC	SAP	ARM

Please upgrade your account to get full access to Macroaxis premium features

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

KLAC	+ 0.95	LRCX
AMAT	+ 0.86	LRCX
KLAC	+ 0.84	AMAT
ARM	+ 0.83	SAP
KLAC	+ 0.81	QCOM
QCOM	+ 0.71	LRCX

High negative correlations

SAP	- 0.84	CSCO
ARM	- 0.77	CSCO
ARM	- 0.71	AMAT
ARM	- 0.66	LRCX
SAP	- 0.63	AMAT
ARM	- 0.58	KLAC

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
LRCX	2.61	0.31	0.13	0.19	2.87	(2.82)	5.95	(5.07)	12.15
AMAT	2.12	0.24	0.11	0.20	2.46	(2.11)	4.62	(4.08)	10.80
CRM	1.55	0.04	0.01	0.12	2.01	(1.53)	3.66	(2.92)	9.91
QCOM	1.61	(0.01)	0.03	0.07	2.20	(1.58)	3.53	(3.93)	15.46
IBM	1.24	(0.01)	0.00	0.07	1.46	(1.29)	2.25	(2.43)	11.09
CSCO	1.03	0.09	0.03	0.30	1.16	(1.12)	1.95	(2.00)	8.38
TXN	1.51	(0.04)	0.00	0.05	1.79	(1.69)	3.96	(3.33)	11.75
KLAC	2.10	0.10	0.07	0.12	2.45	(2.12)	4.30	(4.20)	11.55
SAP	0.99	(0.26)	0.00	(0.25)	0.00	0.00	1.52	(2.75)	5.69
ARM	2.14	(0.58)	0.00	(0.27)	0.00	0.00	4.65	(4.98)	16.74

Micron Technology Corporate Management

Michael Ray	Chief VP	Profile
Rob Beard	Gen VP	Profile
Rahul Sandil	Head Marketing	Profile
Anand Bahl	Co Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC