Micron Technology Total Risk Alpha
The Total Risk Alpha indicator for Micron Technology is derived from observed market data. The dataset is based on observed market activity where data is available. Micron Technology has a market cap of 142.99 B, operating margin of 44.97%, ROE of 22.55%. Review
Correlation Analysis for a broader allocation view. Current allocation data is available for review. Allocation context is based on the most recent position data. This captures an allocation to Micron Technology. This is part of the broader portfolio composition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
For a detailed overview of how to trade Micron Stock, see our
How to Trade Micron Stock guide.
Micron Technology has current Total Risk Alpha of 1.42. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 1.42 | |
| ER[a] | = | Expected return on investing in Micron Technology |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Micron Technology |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Micron Technology takes the leading position in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
13.96 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Micron Technology sits at
13.96 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Micron Technology to Peers
Other Technical Indicators