United Microelectronics Stock Market Value
| UMC Stock | USD 6.79 0.32 4.95% |
| Symbol | United |
United Microelectronics Price To Book Ratio
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 (0.35) | Dividend Share 2.85 | Earnings Share 0.62 | Revenue Per Share | Quarterly Revenue Growth 0.099 |
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.
United Microelectronics 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to United Microelectronics' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of United Microelectronics.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in United Microelectronics on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding United Microelectronics or generate 0.0% return on investment in United Microelectronics over 90 days. United Microelectronics is related to or competes with Silicon Motion, ASE Industrial, ChipMOS Technologies, SemiLEDS, Himax Technologies, MaxLinear, and Advanced Micro. United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Ja... More
United Microelectronics Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure United Microelectronics' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess United Microelectronics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.1 | |||
| Information Ratio | 0.0671 | |||
| Maximum Drawdown | 8.2 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 3.58 |
United Microelectronics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Microelectronics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Microelectronics' standard deviation. In reality, there are many statistical measures that can use United Microelectronics historical prices to predict the future United Microelectronics' volatility.| Risk Adjusted Performance | 0.0211 | |||
| Jensen Alpha | 0.0894 | |||
| Total Risk Alpha | 0.2766 | |||
| Sortino Ratio | 0.0641 | |||
| Treynor Ratio | 0.0435 |
United Microelectronics Backtested Returns
At this point, United Microelectronics is somewhat reliable. United Microelectronics owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0654, which indicates the firm had a 0.0654 % return per unit of risk over the last 3 months. We have found thirty technical indicators for United Microelectronics, which you can use to evaluate the volatility of the company. Please validate United Microelectronics' Semi Deviation of 2.02, risk adjusted performance of 0.0211, and Coefficient Of Variation of 5644.27 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. United Microelectronics has a performance score of 5 on a scale of 0 to 100. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, United Microelectronics' returns are expected to increase less than the market. However, during the bear market, the loss of holding United Microelectronics is expected to be smaller as well. United Microelectronics right now has a risk of 2.03%. Please validate United Microelectronics sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if United Microelectronics will be following its existing price patterns.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
United Microelectronics has almost perfect reverse predictability. Overlapping area represents the amount of predictability between United Microelectronics time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of United Microelectronics price movement. The serial correlation of -0.78 indicates that around 78.0% of current United Microelectronics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
United Microelectronics lagged returns against current returns
Autocorrelation, which is United Microelectronics stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting United Microelectronics' stock expected returns. We can calculate the autocorrelation of United Microelectronics returns to help us make a trade decision. For example, suppose you find that United Microelectronics has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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United Microelectronics regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If United Microelectronics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Microelectronics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Microelectronics stock over time.
Current vs Lagged Prices |
| Timeline |
United Microelectronics Lagged Returns
When evaluating United Microelectronics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Microelectronics stock have on its future price. United Microelectronics autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, United Microelectronics autocorrelation shows the relationship between United Microelectronics stock current value and its past values and can show if there is a momentum factor associated with investing in United Microelectronics.
Regressed Prices |
| Timeline |
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 United Microelectronics Correlation, United Microelectronics Volatility and United Microelectronics Alpha and Beta module to complement your research on United Microelectronics. For information on how to trade United Stock refer to our How to Trade United Stock guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
United Microelectronics technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.