Micron Technology Performance

MU -- USA Stock  

Earnings Call  This Week

Micron Technology has performance score of 1 on a scale of 0 to 100. The company secures Beta (Market Risk) of 2.4799 which conveys that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Micron Technology will likely underperform. Although it is extremely important to respect Micron Technology price patterns, it is better to be realistic regarding the information on equity historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Micron Technology technical indicators you can presently evaluate if the expected return of 0.0454% will be sustainable into the future. Micron Technology right now secures a risk of 2.73%. Please verify Micron Technology Total Risk Alpha as well as the relationship between Downside Variance and Daily Balance Of Power to decide if Micron Technology will be following its current price movements.
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Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Micron Technology are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. In spite of comparatively unchanging essential indicators, Micron Technology is not utilizing all of its potentials. The existing stock price uproar, may contribute to short horizon losses for the leadership.
Quick Ratio1.75
Fifty Two Week Low28.39
Target High Price90.00
Fifty Two Week High51.39
Target Low Price29.00
Horizon     30 Days    Login   to change

Micron Technology Relative Risk vs. Return Landscape

If you would invest  5,050  in Micron Technology on November 12, 2019 and sell it today you would earn a total of  26.00  from holding Micron Technology or generate 0.51% return on investment over 30 days. Micron Technology is generating 0.0454% of daily returns and assumes 2.7292% volatility on return distribution over the 30 days horizon. Put differently, 24% of equity instruments are less risky than the company on the bases of their historical return distribution and some 99% of equities are expected to be superior in generating returns on investments over the next 30 days.
 Daily Expected Return (%) 
      Risk (%) 
Allowing for the 30-days total investment horizon, Micron Technology is expected to generate 1.25 times less return on investment than the market. In addition to that, the company is 4.41 times more volatile than its market benchmark. It trades about 0.02 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.09 per unit of volatility.

Micron Technology Market Risk Analysis

Sharpe Ratio = 0.0166
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Micron Technology Relative Performance Indicators

Estimated Market Risk
 2.73
  actual daily
 
 24 %
of total potential
 
2424
Expected Return
 0.05
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 0.02
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 1 %
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Based on monthly moving average Micron Technology is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Micron Technology by adding it to a well-diversified portfolio.

Micron Technology Alerts

Equity Alerts and Improvement Suggestions

Over 80.0% of the company shares are owned by institutional investors
Latest headline from ledgertelegraph.com: Overview And Forecast Micron Technology Inc. - LedgerTelegraph
Please see also Stocks Correlation. Please also try Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
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