Micron Technology Backtesting

Micron Technology Inc -- USA Stock  

USD 43.99  1.24  2.9%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Micron Technology Inc 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
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Micron Technology 'What if' Analysis

December 22, 2017
0.00
No Change 0.00  0.0%
In 31 days
January 21, 2018
0.00
If you would invest  0.00  in Micron Technology on December 22, 2017 and sell it all today you would earn a total of 0.00 from holding Micron Technology Inc or generate 0.0% return on investment in Micron Technology over 30 days. Micron Technology is related to or competes with ON Semiconductor, Flex Ltd, Analog Devices, Advanced Micro, and Arrow Electronics. Micron Technology Inc operates through four segments Compute and Networking Business Unit, Storage Business Unit, Mobile...

Micron Technology Upside/Downside Indicators

  

Micron Technology Market Premium Indicators

Micron Technology Inc lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Micron Technology regressed lagged prices vs. current prices

 Current vs Lagged Prices 
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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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.4 

Average predictability

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

 Regressed Prices 
      Timeline 

Micron Technology Performance vs DOW

The median price of Micron Technology for the period between Fri, Dec 22, 2017 and Sun, Jan 21, 2018 is 43.71 with a coefficient of variation of 3.25. The daily time series for the period is distributed with a sample standard deviation of 1.42, arithmetic mean of 43.74, and mean deviation of 1.12. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Exercise or conversion by Brian Shields of 1000 shares of Mi...01/19/2018