Micron Technology secures Mean Deviation of 2.81 and Risk Adjusted Performance of
(0.11). In connection with Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of Micron Technology as well as the relationship between them. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers for Micron Technology which can be compared to its peers in the industry. Please verify Micron Technology Mean Deviation, Information Ratio as well as the relationship between Information Ratio and Downside Variance to decide if Micron Technology is priced some-what accurately providing market reflects its recent price of 33.62 per share. Given that Micron Technology has Jensen Alpha of (0.05), we recommend you check Micron Technology last-minute market performance to make sure the company can sustain itself at future point.
|Horizon||30 Days Login to change|
Micron Technology Technical Analysis
Micron Technology Trend AnalysisUse this graph to draw trend lines for Micron Technology. You can use it to identify possible trend reversals for Micron Technology as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Micron Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Micron Technology Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Micron Technology applied against its price change over selected period. The best fit line has a slop of 0.12 % which may indicate that the price for Micron Technology will continue to decline. It has 78 observation points and a regression sum of squares at 138.48, which is the sum of squared deviations for the predicted Micron Technology price change compared to its average price change.
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations when you add Micron Technology to your portfolio
|Risk Adjusted Performance||(0.11)|
|Market Risk Adjusted Performance||(0.22)|
|Coefficient Of Variation||(1,691)|
|Total Risk Alpha||0.1072|
|Value At Risk||(6.62)|