Micron Technology Backtesting

MU -- USA Stock  

USD 56.96  0.81  1.44%

With this equity back-testing module your 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 given investment horizon. Please see also Micron Technology Hype Analysis, Micron Technology Correlation, Micron Technology Valuation, Micron Technology Volatility as well as analyze Micron Technology Alpha and Beta and Micron Technology Performance.
 Time Horizon     30 Days    Login   to change
SymbolX
Backtest

Micron Technology 'What if' Analysis

June 18, 2018
0.00
No Change 0.00  0.0%
In 31 days
July 18, 2018
0.00
If you would invest  0.00  in Micron Technology on June 18, 2018 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 30 days. Micron Technology is related to or competes with Adesto Technologies, SemiLEDs, Everspin Technologies, Netlist, Rambus, and AEROVIRONMENT. Micron Technology, Inc. provides semiconductor systems worldwide

Micron Technology Upside/Downside Indicators

Information Ratio0.07
Maximum Drawdown9.4
Value At Risk5.51
Potential Upside2.69
  

Micron Technology Market Premium Indicators

Risk Adjusted Performance0.004325
Jensen Alpha0.1451
Total Risk Alpha0.69
Treynor Ratio0.0418

Micron Technology Backtested Returns

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.
Advice Volatility Trend Exposure Correlations
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

Micron Technology lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Micron Technology regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Micron Technology Lagged Returns

 Regressed Prices 
      Timeline 

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Please see also Micron Technology Hype Analysis, Micron Technology Correlation, Micron Technology Valuation, Micron Technology Volatility as well as analyze Micron Technology Alpha and Beta and Micron Technology Performance. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.