Micron Technology Inc Backtested Returns
Macroaxis considers Micron Technology to be not too volatile. Micron Technology Inc
has Sharpe Ratio of -0.0459 which conveys that Micron Technology Inc
had -0.0459% 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 Inc Mean Deviation
of 2.13 and Risk Adjusted Performance
of (0.001126) 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 1.095 which conveys that Micron Technology returns are very sensitive to returns on the market. as market goes up or down, Micron Technology is expected to follow.. Even though it is essential to pay attention to Micron Technology Inc 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 Inc has expected return of -0.1346%. Please be advised to verify Micron Technology Inc Mean Deviation, Information Ratio as well as the relationship between Information Ratio and Downside Variance to decide if Micron Technology Inc past performance will be repeated at some point in the near future.
|15 days auto-correlation|| 0.4 |
Micron Technology Inc has average predictability. Overlapping area represents the amount of predictability between Micron Technology time series from December 22, 2017 to January 6, 2018 and January 6, 2018 to January 21, 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 Inc price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Micron Technology price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.4|
|Spearman Rank Test|| 0.13|
|Price Variance|| 0.8|
|Lagged Price Variance|| 3.35|
Micron Technology Lagged Returns