Macroaxis considers Micron Technology to be not very risky. Micron Technology
has Sharpe Ratio of -0.0261 which conveys that Micron Technology
had -0.0261% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating risk of any stock is to look at both systematic and un-systematic 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 2.28 and Risk Adjusted Performance
of 0.004325 to check out risk estimate we provide. Macroaxis gives Micron Technology performance score of 0 on a scale of 0 to 100. The company secures Beta (Market Risk) of -1.6483 which conveys that as returns on market increase, returns on owning Micron Technology are expected to decrease by larger amounts. On the other hand, during market turmoil, Micron Technology is expected to significantly outperform it.. 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. Macroaxis philosophy towards estimating future performance of any stock 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 expected return of -0.0761%. Please be advised to verify Micron Technology Mean Deviation, Information Ratio as well as the relationship between Information Ratio and Downside Variance to decide if Micron Technology past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.75) |
Almost perfect reverse predictability
Micron Technology has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Micron Technology time series from June 18, 2018 to July 3, 2018 and July 3, 2018 to July 18, 2018. 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 -0.75 indicates that around 75.0% of current Micron Technology price fluctuation can be explain by its past prices. Given that Micron Technology has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Micron Technology for similar time interval.
|Correlation Coefficient|| -0.75|
|Spearman Rank Test|| -0.82|
|Price Variance|| 2.98|
|Lagged Price Variance|| 7.71|