United Microelectronics Stock Forecast - Simple Moving Average

UMC Stock  USD 6.73  0.01  0.15%   
The Simple Moving Average forecasted value of United Microelectronics on the next trading day is expected to be 6.74 with a mean absolute deviation of 0.12 and the sum of the absolute errors of 6.99. United Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast United Microelectronics stock prices and determine the direction of United Microelectronics's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of United Microelectronics' historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, United Microelectronics' Receivables Turnover is projected to increase slightly based on the last few years of reporting. . The current year's Common Stock Shares Outstanding is expected to grow to about 13 B. The current year's Net Income Applicable To Common Shares is expected to grow to about 105.3 B.

Open Interest Against 2024-12-20 United Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast United Microelectronics' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in United Microelectronics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for United Microelectronics stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current United Microelectronics' open interest, investors have to compare it to United Microelectronics' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of United Microelectronics is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in United. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
A two period moving average forecast for United Microelectronics is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.

United Microelectronics Simple Moving Average Price Forecast For the 5th of December

Given 90 days horizon, the Simple Moving Average forecasted value of United Microelectronics on the next trading day is expected to be 6.74 with a mean absolute deviation of 0.12, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.99.
Please note that although there have been many attempts to predict United Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that United Microelectronics' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

United Microelectronics Stock Forecast Pattern

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United Microelectronics Forecasted Value

In the context of forecasting United Microelectronics' Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. United Microelectronics' downside and upside margins for the forecasting period are 4.96 and 8.51, respectively. We have considered United Microelectronics' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
6.73
6.74
Expected Value
8.51
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of United Microelectronics stock data series using in forecasting. Note that when a statistical model is used to represent United Microelectronics stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria110.6253
BiasArithmetic mean of the errors 0.0481
MADMean absolute deviation0.1186
MAPEMean absolute percentage error0.0157
SAESum of the absolute errors6.995
The simple moving average model is conceptually a linear regression of the current value of United Microelectronics price series against current and previous (unobserved) value of United Microelectronics. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting prices into the future

Predictive Modules for United Microelectronics

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as United Microelectronics. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
4.986.758.52
Details
Intrinsic
Valuation
LowRealHigh
5.447.218.98
Details
5 Analysts
Consensus
LowTargetHigh
6.527.177.96
Details

Other Forecasting Options for United Microelectronics

For every potential investor in United, whether a beginner or expert, United Microelectronics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. United Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in United. Basic forecasting techniques help filter out the noise by identifying United Microelectronics' price trends.

United Microelectronics Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with United Microelectronics stock to make a market-neutral strategy. Peer analysis of United Microelectronics could also be used in its relative valuation, which is a method of valuing United Microelectronics by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

United Microelectronics Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of United Microelectronics' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of United Microelectronics' current price.

United Microelectronics Market Strength Events

Market strength indicators help investors to evaluate how United Microelectronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading United Microelectronics shares will generate the highest return on investment. By undertsting and applying United Microelectronics stock market strength indicators, traders can identify United Microelectronics entry and exit signals to maximize returns.

United Microelectronics Risk Indicators

The analysis of United Microelectronics' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in United Microelectronics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting united stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether United Microelectronics offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of United Microelectronics' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of United Microelectronics Stock. Outlined below are crucial reports that will aid in making a well-informed decision on United Microelectronics Stock:
Check out Historical Fundamental Analysis of United Microelectronics to cross-verify your projections.
For information on how to trade United Stock refer to our How to Trade United Stock guide.
You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Semiconductors & Semiconductor Equipment space 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 United Microelectronics. If investors know United 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 United Microelectronics 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
(0.09)
Dividend Share
3
Earnings Share
0.63
Revenue Per Share
93.08
Quarterly Revenue Growth
0.06
The market value of United Microelectronics is measured differently than its book value, which is the value of United that is recorded on the company's balance sheet. Investors also form their own opinion of United Microelectronics' value that differs from its market value or its book value, called intrinsic value, which is United Microelectronics' 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 United Microelectronics' market value can be influenced by many factors that don't directly affect United Microelectronics' 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 United Microelectronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if United Microelectronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, United Microelectronics' 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.