Micron Technology Inc secures Coefficient Of Variation
of 213.35, Mean Deviation
of 1.57 and Risk Adjusted Performance
of 0.2255. In connection with Fundamental Indicators
, Macroaxis technical analysis interface lets you check existing technical drivers of Micron Technology as well as the relationship between them. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of past prices or the prices will eventually revert. We found eighteen technical drivers
for Micron which can be compared to its peers in the industry. Please verify Micron Technology Mean Deviation
, Jensen Alpha
as well as the relationship
between Jensen Alpha and Semi Variance
to decide if Micron Technology Inc is priced some-what accurately providing market reflects its recent price of 23.439 per share. Given that Micron Technology has Treynor Ratio
of 0.5259, we recommend you check Micron last-minute market performance to make sure the company can sustain itself at future point. Use Micron Technology Inc technical analysis together with your other stock asset holdings to enhance returns of your portfolios as well as to check it against diversification policy that fits your risk preferences.
Use this graph to draw trend lines for Micron Technology Inc. You can use it to identify possible trend reversals for Micron as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Micron price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Micron Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Micron Technology Inc applied against its price change over selected period. The best fit line has a slop of 0.21 %
which suggests that Micron Technology Inc will keep on generating value for investors. It has 36 observation points and regression sum of squers of 42.39 which is sum of squared deviations of the predicted Micron price change against its avarage change.
Micron has a best fit line with a correlation coefficient of 0.95. and coefficient of determination of 0.91. Note, that about 93.0%
of the company shares are owned by institutional investors