Micron Technology Backtesting

MU -- USA Stock  

USD 43.21  1.91  4.62%

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.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Micron Technology 'What if' Analysis

September 19, 2018
0.00
No Change 0.00  0.0%
In 30 days
October 19, 2018
0.00
If you would invest  0.00  in Micron Technology on September 19, 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, Diodes Incorporated, BlackBerry, and BlackLine. Micron Technology, Inc. provides semiconductor systems worldwide

Micron Technology Upside/Downside Indicators

Maximum Drawdown4.05
Value At Risk2.48
Potential Upside1.44
  

Micron Technology Market Premium Indicators

Risk Adjusted Performance0.01

Micron Technology Backtested Returns

Macroaxis considers Micron Technology to be not too volatile. Micron Technology has Sharpe Ratio of -0.2465 which conveys that Micron Technology had -0.2465% 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 1.2 and Risk Adjusted Performance of 0.01 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 0.0 which conveys that the returns on MARKET and Micron Technology are completely uncorrelated. 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 -0.3675%. 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 0.69 

Good predictability

Micron Technology has good predictability. Overlapping area represents the amount of predictability between Micron Technology time series from September 19, 2018 to October 4, 2018 and October 4, 2018 to October 19, 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 0.69 indicates that around 69.0% of current Micron Technology price fluctuation can be explain by its past prices.
Correlation Coefficient0.69
Spearman Rank Test0.14
Residual Average0.0
Price Variance0.62

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 

Current Sentiment - MU

Micron Technology Investor Sentiment

Nearly all of Macroaxis users are now bullish on Micron Technology. What is your trading attitude regarding investing in Micron Technology? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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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 Cryptocurrency Arbitrage module to find pairs of digital assets on multiple exchanges that are traded at a risk free arbitrage.
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