Why Micron Technology Stock Is Climbing Again Today - The Motley Fool
| MTE Stock | 92.47 0.08 0.09% |
Slightly above 56% of Micron Technology's investor base is looking to short. The analysis of current outlook of investing in Micron Technology suggests that many traders are alarmed regarding Micron Technology's prospects. Micron Technology's investing sentiment can be driven by a variety of factors including economic data, Micron Technology's earnings reports, geopolitical events, and overall market trends.
Micron |
Why Micron Technology Stock Is Climbing Again Today The Motley FoolMicron Will Experience Strong Tailwinds As GPU Capacity Loosens Up Seeking AlphaMicrons stock leads SP 500 gainers, heads for best month in more than 10 years MarketWatch
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Micron Technology Fundamental Analysis
We analyze Micron Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Micron Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Micron Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Z Score
Z Score Comparative Analysis
Micron Technology is currently under evaluation in z score category among its peers. Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
Micron Technology Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Micron Technology stock to make a market-neutral strategy. Peer analysis of Micron Technology could also be used in its relative valuation, which is a method of valuing Micron Technology by comparing valuation metrics with similar companies.
Peers
Micron Technology Related Equities
| UWV | WT OFFSHORE | 2.79 | ||||
| PIK | PICKN PAY | 0.66 | ||||
| VEFW | MARKET VECTR | 0.53 | ||||
| CS2 | Caseys General | 0.51 | ||||
| E1V | Eidesvik Offshore | 0.91 | ||||
| CTO0 | COSTCO WHOLESALE | 1.99 | ||||
| SZL | SOLSTAD OFFSHORE | 2.78 | ||||
| BUI | BURLINGTON STORES | 3.55 |
Additional 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.