Microchip Technology Incorporated Stock Market Capitalization
| MCHPP Stock | 59.15 0.68 1.14% |
Microchip Technology's fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting Microchip Stock price.
Microchip | Market Capitalization | Build AI portfolio with Microchip Stock |
Microchip Technology Incorporated Company Market Capitalization Analysis
Microchip Technology's Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Microchip Market Capitalization Driver Correlations
Understanding the fundamental principles of building solid financial models for Microchip Technology is extremely important. It helps to project a fair market value of Microchip Stock properly, considering its historical fundamentals such as Market Capitalization. Since Microchip Technology's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Microchip Technology's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Microchip Technology's interrelated accounts and indicators.
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In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
| Competition |
Based on the recorded statements, the market capitalization of Microchip Technology Incorporated is about 0.0. This is 100.0% lower than that of the Semiconductors & Semiconductor Equipment sector and 100.0% lower than that of the Information Technology industry. The market capitalization for all United States stocks is 100.0% higher than that of the company.
Microchip Market Capitalization Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Microchip Technology's direct or indirect competition against its Market Capitalization to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Microchip Technology could also be used in its relative valuation, which is a method of valuing Microchip Technology by comparing valuation metrics of similar companies.Microchip Technology is currently under evaluation in market capitalization category among its peers.
Microchip Fundamentals
| Revenue | 4.4 B | ||||
| Net Income | (500 K) | ||||
| Total Debt | 8.3 B | ||||
| Cash Flow From Operations | 898.1 M | ||||
| Number Of Employees | 19.4 K | ||||
| Total Asset | 15.37 B | ||||
| Retained Earnings | 5.78 B | ||||
| Working Capital | 1.84 B | ||||
| Net Asset | 15.37 B |
About Microchip Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Microchip Technology Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Microchip Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Microchip Technology Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Microchip Technology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Microchip Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Microchip Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Microchip Stock
Moving against Microchip Stock
| 0.84 | PI | Impinj Inc | PairCorr |
| 0.75 | TER | Teradyne Tech Boost | PairCorr |
| 0.71 | FSLR | First Solar | PairCorr |
| 0.64 | DQ | Daqo New Energy | PairCorr |
| 0.62 | VECO | Veeco Instruments | PairCorr |
The ability to find closely correlated positions to Microchip Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microchip Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microchip Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microchip Technology Incorporated to buy it.
The correlation of Microchip Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microchip Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microchip Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microchip Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Microchip Stock Analysis
When running Microchip Technology's price analysis, check to measure Microchip Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Microchip Technology is operating at the current time. Most of Microchip Technology's value examination focuses on studying past and present price action to predict the probability of Microchip Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Microchip Technology's price. Additionally, you may evaluate how the addition of Microchip Technology to your portfolios can decrease your overall portfolio volatility.