Micron Technology (Germany) Market Value
| MTE Stock | 98.34 0.41 0.42% |
| 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.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Micron Technology on October 24, 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 Apple, Apple, Apple, Apple, Apple, Microsoft, and Microsoft. 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 | 3.13 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 18.68 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 4.81 |
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 | 0.0213 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.40) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0251 |
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 0.0668, which conveys that the firm had a 0.0668% return per unit of risk over the last 3 months. We have found thirty technical indicators for Micron Technology, which you can use to evaluate the volatility of the firm. Please exercise Micron Technology's Risk Adjusted Performance of 0.0213, mean deviation of 2.43, and Downside Deviation of 3.13 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 5. The company secures a Beta (Market Risk) of 2.02, 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 maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Micron Technology's current price movements will revert.
Auto-correlation | 0.66 |
Good predictability
Micron Technology has good predictability. Overlapping area represents the amount of predictability between Micron Technology time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd of November 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 0.66 indicates that around 66.0% of current Micron Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 15.94 |
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 |
Thematic Opportunities
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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.