Understanding Micron Technology Inc (NAS:MU) - Statistical analysis Best Valuation and Quality Ratios

This post is a complementary post of Understanding Micron Technology Inc (NAS:MU), make sure to go and see it. 


Here I'm just going to post the variables that I have available to quickly discern what historical data have correlated the best with prices of Micron, the objective is to dig in better on the financial statements, not to predict in any way or form since pass events are not necessarily good indicators of future price movements, "correlation does not imply causation" nothing supplements critical thinking. 

Whats has been the best way to value or track quality in micron stock?


Valuation Ratios Correlations rank
PE Ratio -0.02948 30
Price-to-Owner-Earnings 0.045348 27
PB Ratio 0.322649 12
Price-to-Tangible-Book 0.332873 10
Price-to-Free-Cash-Flow 0.032263 28
Price-to-Operating-Cash-Flow 0.049925 26
PS Ratio 0.358271 7
PEG Ratio 0.124188 22
EV-to-Revenue 0.338189 9
EV-to-EBITDA -0.00694 29
EV-to-EBIT -0.05721 32
Earnings Yield (Joel Greenblatt) % 0.309885 13
Forward Rate of Return (Yacktman) % 0.269556 16
Shiller PE Ratio 0.26993 15
Dividend Yield % -0.24374 37
Valuation and Quality
Market Cap
Enterprise Value (Current M)
Enterprise Value ($M)
Month End Stock Price
Net Cash per Share -0.37092 38
Net Current Asset Value 0.161774 20
Net-Net Working Capital -0.09742 33
Intrinsic Value: Projected FCF 0.830343 2
Median PS Value
Median PB Value
Peter Lynch Fair Value 0.741184 3
Graham Number 0.835175 1
Earnings Power Value (EPV) 0.155963 21
Altman Z-Score 0.291574 14
Piotroski F-Score 0.370654 6
Beneish M-Score 0.097015 23
Scaled Net Operating Assets -0.12358 34
Sloan Ratio % 0.330129 11
Current Ratio 0.174935 19
Quick Ratio 0.204097 18
Interest Coverage -0.42847 39
Highest Stock Price
Lowest Stock Price
Shares Buyback Ratio % -0.03057 31
YoY Rev. per Sh. Growth -0.20223 36
YoY EPS Growth 0.346821 8
5-Year EBITDA Growth Rate (Per Share) 0.087321 24
Shares Outstanding (Basic Average) 0.595961 4
Shares Outstanding (EOP) 0.590826 5
Beta -0.14919 35
Number of Shareholders 0.07901 25
Number of Employees 0.238851 17


As you can see the top 3 correlations are Graham number, Projected FCF, Peter Lynch Fair Value


As you can see from the chart the smother valuation method in the long term is Projected FCF, even though Graham Number and Peter Lynch Fair Value have currently bigger correlations, they tend to overshoot.







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