Micron Stock Story

MU
 Stock
  

USD 61.40  2.25  3.80%   

Allowing for the 60-day total investment horizon Micron Technology is expected to under-perform the market. In addition to that, the company is 2.33 times more volatile than its market benchmark. It trades about -0.04 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.05 per unit of volatility. As many adventurous traders are excited about technology space, it is only fair to review the risk of shorting Micron Technology based on its current volatility spike. We will evaluate if the latest Micron Technology price volatility suggests a bounce in July.
Published over a month ago
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Will Micron Technology (NASDAQ:MU) newest volatility spike continue?

Micron Technology reports roughly 10.12 B in cash with 15.01 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 9.06.
Volatility is a rate at which the price of Micron Technology or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Micron Technology may increase or decrease. In other words, similar to Micron's beta indicator, it measures the risk of Micron Technology and helps estimate the fluctuations that may happen in a short period of time. So if prices of Micron Technology fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

How important is Micron Technology's Liquidity

Micron Technology financial leverage refers to using borrowed capital as a funding source to finance Micron Technology ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Micron Technology financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Micron Technology's total debt and its cash.

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for Micron Technology, but it might be worth checking our own buy vs. sell analysis

Micron Technology Volatility Drivers

Micron Technology unsystematic risk is unique to Micron Technology and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Micron Technology you can also buy Cisco Systems. You can also mitigate this risk by investing in the semiconductors sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Micron Technology important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Micron Technology income statement and balance sheet. Here are more details about Micron volatility.
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