Micron Technology Stock Forecast - Coefficient Of Variation
| MU Stock | USD 121.37 1.15 0.94% |
Micron Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Micron Technology stock prices and determine the direction of Micron Technology's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Micron Technology's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Micron Technology's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Micron Technology's systematic risk associated with finding meaningful patterns of Micron Technology fundamentals over time.
Check out Historical Fundamental Analysis of Micron Technology to cross-verify your projections. Micron |
Open Interest Against 2024-04-19 Micron Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Micron Technology's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Micron Technology's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Micron Technology stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Micron Technology's open interest, investors have to compare it to Micron Technology's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Micron Technology is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Micron. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Micron Technology cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Micron Technology's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Micron Technology's price structures and extracts relationships that further increase the generated results' accuracy.
| Check Micron Technology Volatility | Backtest Micron Technology | Information Ratio |
Micron Technology Trading Date Momentum
| On April 16 2024 Micron Technology was traded for 121.37 at the closing time. The highest price during the trading period was 124.78 and the lowest recorded bid was listed for 120.61 . There was no trading activity during the period 0.0. Lack of trading volume on April 16, 2024 did not cause price change. The trading delta at closing time to the current price is 1.86% . |
| Compare Micron Technology to competition |
Other Forecasting Options for Micron Technology
For every potential investor in Micron, whether a beginner or expert, Micron Technology's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Micron Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Micron. Basic forecasting techniques help filter out the noise by identifying Micron Technology's price trends.Micron Technology Related Equities
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.
| Risk & Return | Correlation |
Micron Technology Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Micron Technology's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Micron Technology's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Micron Technology Market Strength Events
Market strength indicators help investors to evaluate how Micron Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Micron Technology shares will generate the highest return on investment. By undertsting and applying Micron Technology stock market strength indicators, traders can identify Micron Technology entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0334 | |||
| Daily Balance Of Power | (0.28) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 122.7 | |||
| Day Typical Price | 122.25 | |||
| Market Facilitation Index | 4.17 | |||
| Price Action Indicator | (1.90) | |||
| Period Momentum Indicator | (1.15) |
Micron Technology Risk Indicators
The analysis of Micron Technology's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Micron Technology's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting micron stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.03 | |||
| Semi Deviation | 1.7 | |||
| Standard Deviation | 2.93 | |||
| Variance | 8.56 | |||
| Downside Variance | 4.85 | |||
| Semi Variance | 2.9 | |||
| Expected Short fall | (2.33) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Micron Technology to cross-verify your projections. For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary 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.
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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.
Quarterly Earnings Growth (0.43) | Dividend Share 0.46 | Earnings Share (3.43) | Revenue Per Share 16.67 | Quarterly Revenue Growth 0.577 |
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 if Micron Technology is a good investment 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.