Micron Stock Performance

MU
 Stock
  

USD 50.10  0.44  0.89%   

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.
  
Micron Performance
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Over the last 90 days Micron Technology has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of weak performance in the last few months, the Stock's basic indicators remain comparatively stable which may send shares a bit higher in October 2022. The newest uproar may also be a sign of mid-term up-swing for the firm private investors. ...more

Micron Price Channel

Quick Ratio2.35
Fifty Two Week Low51.40
Target High Price100.00
Fifty Two Week High98.45
Payout Ratio3.42%
Trailing Annual Dividend Yield0.79%
Target Low Price45.00

Micron Technology Relative Risk vs. Return Landscape

If you would invest  5,878  in Micron Technology on June 26, 2022 and sell it today you would lose (868.00)  from holding Micron Technology or give up 14.77% of portfolio value over 90 days. Micron Technology is generating negative expected returns and assumes 2.5818% volatility on return distribution over the 90 days horizon. Put differently, 22% of stocks are less risky than Micron on the basis of their historical return distribution, and some 99% of all equities are expected to be superior in generating returns on investments over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Allowing for the 90-day total investment horizon Micron Technology is expected to under-perform the market. In addition to that, the company is 2.34 times more volatile than its market benchmark. It trades about -0.09 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.08 per unit of volatility.

Micron Technology Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Micron Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Micron Technology, and traders can use it to determine the average amount a Micron Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0854

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Estimated Market Risk
 2.58
  actual daily
 
 22 %
of total potential
 
2222
Expected Return
 -0.22
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 0 %
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Risk-Adjusted Return
 -0.09
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Based on monthly moving average Micron Technology is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Micron Technology by adding it to a well-diversified portfolio.

About Micron Technology Performance

To evaluate Micron Technology Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Micron Technology generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Micron Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Micron Technology market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Micron's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho. Micron Technology operates under Semiconductors classification in the United States and is traded on NASDAQ Exchange. It employs 45000 people.

Things to note about Micron Technology

Checking the ongoing alerts about Micron Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Micron Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Micron Technology Alerts

Equity Alerts and Improvement Suggestions

Micron Technology generated a negative expected return over the last 90 days
Over 83.0% of the company shares are owned by institutional investors
Latest headline from seekingalpha.com: Is Micron Stock A Buy Before Earnings Consider Long-Term Outlook - Seeking Alpha
Additionally, see Correlation Analysis. You can also try Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

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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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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.