Micron Ebitda vs Minority Interest Analysis
MU Stock | USD 127.89 0.08 0.06% |
Micron Technology financial indicator trend analysis is infinitely more than just investigating Micron Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Micron Technology is a good investment. Please check the relationship between Micron Technology Ebitda and its Minority Interest accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Micron Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.
Ebitda vs Minority Interest
Ebitda vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Micron Technology Ebitda account and Minority Interest. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Micron Technology's Ebitda and Minority Interest is -0.06. Overlapping area represents the amount of variation of Ebitda that can explain the historical movement of Minority Interest in the same time period over historical financial statements of Micron Technology, assuming nothing else is changed. The correlation between historical values of Micron Technology's Ebitda and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebitda of Micron Technology are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Ebitda i.e., Micron Technology's Ebitda and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.06 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Ebitda
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of Micron Technology whose combined shares represent less than 50% of the total outstanding shares issued by Micron Technology have a minority interest in Micron Technology.Most indicators from Micron Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Micron Technology current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Micron Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.At this time, Micron Technology's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 37.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 620.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 16.9B | 17.0B | 19.5B | 20.5B | EBITDA | 16.9B | 2.7B | 3.1B | 3.5B |
Micron Technology fundamental ratios Correlations
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Micron Technology Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Micron Technology fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 53.7B | 58.8B | 66.3B | 64.3B | 73.9B | 77.6B | |
Short Long Term Debt Total | 7.2B | 7.3B | 7.5B | 13.9B | 16.0B | 16.8B | |
Total Current Liabilities | 6.6B | 6.4B | 7.5B | 4.8B | 5.5B | 5.8B | |
Total Stockholder Equity | 39.0B | 43.9B | 49.9B | 44.1B | 50.7B | 53.3B | |
Property Plant And Equipment Net | 31.6B | 33.8B | 39.2B | 38.6B | 44.4B | 46.6B | |
Net Debt | (448M) | (483M) | (746M) | 5.4B | 6.2B | 6.5B | |
Retained Earnings | 33.4B | 39.1B | 47.3B | 40.8B | 46.9B | 49.3B | |
Cash | 7.6B | 7.8B | 8.3B | 8.6B | 9.9B | 10.4B | |
Non Current Assets Total | 35.7B | 38.9B | 44.5B | 43.0B | 49.5B | 51.9B | |
Non Currrent Assets Other | 781M | 1.1B | 1.3B | 1.3B | 1.5B | 1.5B | |
Cash And Short Term Investments | 8.1B | 8.6B | 9.3B | 9.6B | 11.0B | 11.6B | |
Net Receivables | 3.9B | 5.3B | 5.1B | 2.4B | 2.8B | 1.6B | |
Common Stock Shares Outstanding | 1.1B | 1.1B | 1.1B | 1.1B | 1.3B | 783.8M | |
Liabilities And Stockholders Equity | 53.7B | 58.8B | 66.3B | 64.3B | 73.9B | 77.6B | |
Non Current Liabilities Total | 8.0B | 8.5B | 8.8B | 15.4B | 17.7B | 18.6B | |
Inventory | 5.6B | 4.5B | 6.7B | 8.4B | 9.6B | 10.1B | |
Other Current Assets | 304M | 502M | 644M | 820M | 943M | 859.6M | |
Other Stockholder Equity | 5.4B | 4.8B | 3.1B | 3.5B | 4.0B | 4.4B | |
Total Liab | 14.7B | 14.9B | 16.4B | 20.1B | 23.2B | 24.3B | |
Total Current Assets | 18.0B | 19.9B | 21.8B | 21.2B | 24.4B | 25.7B | |
Other Current Liab | 548M | 944M | 5.3B | 4.5B | 5.2B | 5.4B | |
Short Term Debt | 270M | 155M | 103M | 278M | 319.7M | 383.4M | |
Accounts Payable | 2.2B | 1.7B | 2.1B | 1.7B | 2.0B | 2.1B | |
Current Deferred Revenue | 1.6B | 3.6B | 3.6B | (1.7B) | (2.0B) | (1.9B) | |
Common Stock Total Equity | 118M | 119M | 122M | 123M | 141.5M | 89.5M | |
Short Term Investments | 518M | 870M | 1.1B | 1.0B | 1.2B | 684.0M | |
Property Plant And Equipment Gross | 31.6B | 33.8B | 39.2B | 38.6B | 44.4B | 46.6B | |
Accumulated Other Comprehensive Income | 71M | 2M | (560M) | (312M) | (358.8M) | (340.9M) | |
Intangible Assets | 334M | 349M | 421M | 404M | 464.6M | 329.0M | |
Common Stock | 119M | 122M | 123M | 124M | 142.6M | 86.4M | |
Other Liab | 1.1B | 1.4B | 1.4B | 1.7B | 2.0B | 2.1B | |
Other Assets | 1.5B | 1.8B | 2.0B | 1.8B | 2.1B | 2.2B | |
Long Term Debt | 6.0B | 6.6B | 6.8B | 13.1B | 15.0B | 15.8B | |
Property Plant Equipment | 31.6B | 33.8B | 39.2B | 38.6B | 44.4B | 46.6B | |
Net Tangible Assets | 37.4B | 42.4B | 48.3B | 42.6B | 49.0B | 26.3B | |
Retained Earnings Total Equity | 24.4B | 30.8B | 39.1B | 47.3B | 54.4B | 57.1B |
Pair Trading with Micron 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 Micron 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 Micron Technology will appreciate offsetting losses from the drop in the long position's value.Moving together with Micron Stock
0.83 | ENTG | Entegris | PairCorr |
0.68 | ADI | Analog Devices Earnings Call This Week | PairCorr |
Moving against Micron Stock
0.58 | VLN | Valens | PairCorr |
0.53 | MX | MagnaChip Semiconductor | PairCorr |
The ability to find closely correlated positions to Micron 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 Micron 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 Micron 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 Micron Technology to buy it.
The correlation of Micron 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 Micron Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Micron 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 Micron 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.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Micron Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Micron Stock analysis
When running Micron Technology's price analysis, check to measure Micron 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 Micron Technology is operating at the current time. Most of Micron Technology's value examination focuses on studying past and present price action to predict the probability of Micron 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 Micron Technology's price. Additionally, you may evaluate how the addition of Micron Technology to your portfolios can decrease your overall portfolio volatility.
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Is Micron Technology's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Micron Technology. If investors know Micron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Micron Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.43) | Dividend Share 0.46 | Earnings Share (3.44) | Revenue Per Share 16.67 | Quarterly Revenue Growth 0.577 |
The market value of Micron Technology is measured differently than its book value, which is the value of Micron that is recorded on the company's balance sheet. Investors also form their own opinion of Micron Technology's value that differs from its market value or its book value, called intrinsic value, which is Micron Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Micron Technology's market value can be influenced by many factors that don't directly affect Micron Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Micron Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Micron Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Micron Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.