Micron Stock Market Value

MU
 Stock
  

USD 50.10  0.44  0.89%   

Micron Technology's market value is the price at which a share of Micron Technology stock trades on a public exchange. It measures the collective expectations of Micron Technology investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Micron Technology and determine expected loss or profit from investing in Micron Technology over a given investment horizon. Additionally, see Micron Technology Correlation, Micron Technology Volatility and Micron Technology Alpha and Beta module to complement your research on Micron Technology.
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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.
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 Micron Technology value 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.
0.00
10/04/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
09/24/2022
0.00
If you would invest  0.00  in Micron Technology on October 4, 2020 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 720 days. Micron Technology is related to or competes with Industrias Bachoco. Micron Technology, Inc. designs, 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Micron Technology in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
47.7950.3752.95
Details
Intrinsic
Valuation
LowReal ValueHigh
45.0961.5164.09
Details
19 Analysts
Consensus
LowTarget PriceHigh
58.00109.26165.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Micron Technology. Your research has to be compared to or analyzed against Micron Technology's peers to derive any actionable benefits. When done correctly, Micron Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Micron Technology.

Micron Technology Backtested Returns

Micron Technology has Sharpe Ratio of -0.0854, which conveys that the firm had -0.0854% of return per unit of risk over the last 3 months. Macroaxis standpoint towards estimating the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Micron Technology exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Micron Technology mean deviation of 2.0, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide.
The company secures a Beta (Market Risk) of 1.4756, which conveys a somewhat significant risk relative to the market. Let's try to break down what Micron's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Micron Technology will likely underperform. Even though it is essential to pay attention to Micron Technology price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Micron Technology exposes twenty-one different technical indicators, which can help you to evaluate its performance. Micron Technology has an expected return of -0.22%. Please be advised to verify Micron Technology mean deviation, information ratio, as well as the relationship between the Information Ratio and downside variance to decide if Micron Technology performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.21  

Weak predictability

Micron Technology has weak predictability. Overlapping area represents the amount of predictability between Micron Technology time series from 4th of October 2020 to 29th of September 2021 and 29th of September 2021 to 24th of September 2022. 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 0.21 indicates that over 21.0% of current Micron Technology price fluctuation can be explain by its past prices.
Correlation Coefficient0.21
Spearman Rank Test-0.34
Residual Average0.0
Price Variance144.46

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 stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
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       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   
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       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   
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       Timeline  

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.

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Additionally, see Micron Technology Correlation, Micron Technology Volatility and Micron Technology Alpha and Beta module to complement your research on Micron Technology. You can also try Bond Directory module to find actively traded corporate debentures issued by US companies.

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When running Micron Technology 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 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.
A focus of Micron Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Micron Technology trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...