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Stock Market Forecast: Does the Stock Market Feature Memory?

April 28, 2022

This article was written by:

Sergey Okun – Financial Analyst at I Know First, Ph.D. in Economics.

Alisa Iartseva – Data analyst at I Know First.

Highlights:

The stock market has a long-term memory that allows us to make reliable predictions of the future based on previous behaviors and tendencies.
The S&P 500 has the highest Hurst exponent compared with the DAX 30, the CAC 40, and the FTSE 100.
The Hurst exponent rises with the extension of the step period length which decreases noise in a time series and increases predictability.

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Algorithmic Articles

MU stock forecast: Virtuous Cycle In Data Economy Helps Micron Surge, But Cyclical Risk Remains Concerning

June 21, 2018

The article was written by Yutian Fang, Financial Analyst at I Know First and Master of Science in Finance candidate at Brandeis International Business School

MU stock forecast: Virtuous Cycle In Data Economy Helps Micron Surge, But Cyclical Risk Remains Concerning

Summary:

Micron holds very competitive positions in both DRAM and NAND markets after series of acquisitions
The latest quarterly report demonstrated Micron’s strong profitability but the future growth would be impacted by the market demand and pricing dynamics
The company enjoys outstanding operating efficiency and financial health
The cyclical risk is still one of the major concerns from market and the stock price need adjustment for the confirmative ascending channel
Supported by I Know First Algorithm Forecast, currently my recommendation for MU is to hold in the short term

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Premium Articles

Micron Stock Forecast: Micron (MU) Shares Show Consistent Algorithm Results

March 13, 2018

This article was written by Esther Hanon, a Financial Analyst at I Know First

“I can’t change the direction of the wind, but I can adjust my sails to always reach my destination”

—Jimmy Dean

Summary:

Memory-chip maker Micron Technology continued its skyward climb, following a breakout last week
Micron shares jumped 8.8% to close at 59.37 on the stock market on Monday, March 12 Micron stock broke out of a 14-week consolidation period with a buy point of 49.99 on March 5^th.
Analysts are maintaining its outperform rating while many others are shifting towards a buy rating in the recent days.
Catalysts for Micron stock include higher DRAM chip pricing, margin expansion in NAND chips, and expectations for increased capital returns. Micron can also be an acquisition target as chip-industry merger activity intensifies.