United Microelectronics Stock Short Ratio
| UMC Stock | USD 7.76 0.06 0.78% |
United Microelectronics fundamentals help investors to digest information that contributes to United Microelectronics' financial success or failures. It also enables traders to predict the movement of United Stock. The fundamental analysis module provides a way to measure United Microelectronics' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to United Microelectronics stock.
United | Short Ratio |
United Microelectronics Company Short Ratio Analysis
United Microelectronics' Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
Current United Microelectronics Short Ratio | 8.30 X |
Most of United Microelectronics' fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, United Microelectronics is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
United Short Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for United Microelectronics is extremely important. It helps to project a fair market value of United Stock properly, considering its historical fundamentals such as Short Ratio. Since United Microelectronics' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of United Microelectronics' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of United Microelectronics' interrelated accounts and indicators.
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The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
| Competition |
Based on the latest financial disclosure, United Microelectronics has a Short Ratio of 8.3 times. This is 71.13% higher than that of the Semiconductors & Semiconductor Equipment sector and 29.69% higher than that of the Information Technology industry. The short ratio for all United States stocks is 107.5% lower than that of the firm.
United Short Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses United Microelectronics' direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. 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 of similar companies.United Microelectronics is currently under evaluation in short ratio category among related companies.
United Microelectronics Current Valuation Drivers
We derive many important indicators used in calculating different scores of United Microelectronics from analyzing United Microelectronics' financial statements. These drivers represent accounts that assess United Microelectronics' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of United Microelectronics' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 944.7B | 2.9T | 4.0T | 2.5T | 3.2T | 3.4T | |
| Enterprise Value | 915.1B | 2.8T | 3.9T | 2.3T | 3.2T | 3.3T |
United Microelectronics Institutional Holders
Institutional Holdings refers to the ownership stake in United Microelectronics that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of United Microelectronics' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing United Microelectronics' value.| Shares | Bank Of America Corp | 2023-09-30 | 3.1 M | Renaissance Technologies Corp | 2023-12-31 | 2.6 M | Citigroup Inc | 2023-09-30 | 1.8 M | Barclays Plc | 2023-09-30 | 1.7 M | Crossmark Global Holdings, Inc. | 2023-09-30 | 1.4 M | Bnp Paribas Arbitrage, Sa | 2023-09-30 | 1.4 M | Two Sigma Advisers, Llc | 2023-09-30 | 1.2 M | Connor Clark & Lunn Inv Mgmt Ltd | 2023-09-30 | 1.1 M | Manufacturers Life Insurance Co | 2023-09-30 | 1 M | Blackrock Inc | 2023-09-30 | 20.6 M | Vanguard Group Inc | 2023-09-30 | 15.4 M |
United Fundamentals
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0614 | ||||
| Profit Margin | 0.25 % | ||||
| Operating Margin | 0.21 % | ||||
| Current Valuation | 39.6 B | ||||
| Shares Outstanding | 2.51 B | ||||
| Shares Owned By Institutions | 5.30 % | ||||
| Number Of Shares Shorted | 62.19 M | ||||
| Price To Earning | 13.43 X | ||||
| Price To Book | 1.79 X | ||||
| Price To Sales | 0.09 X | ||||
| Revenue | 222.53 B | ||||
| Gross Profit | 125.76 B | ||||
| EBITDA | 94.17 B | ||||
| Net Income | 60.99 B | ||||
| Cash And Equivalents | 131.39 B | ||||
| Cash Per Share | 76.31 X | ||||
| Total Debt | 80.17 B | ||||
| Debt To Equity | 0.23 % | ||||
| Current Ratio | 2.02 X | ||||
| Book Value Per Share | 30.16 X | ||||
| Cash Flow From Operations | 86 B | ||||
| Short Ratio | 8.30 X | ||||
| Earnings Per Share | 0.74 X | ||||
| Price To Earnings To Growth | 1.20 X | ||||
| Target Price | 7.8 | ||||
| Number Of Employees | 20 K | ||||
| Beta | 1.18 | ||||
| Market Capitalization | 19.33 B | ||||
| Total Asset | 559.19 B | ||||
| Retained Earnings | 187.25 B | ||||
| Working Capital | 143.81 B | ||||
| Current Asset | 94.82 B | ||||
| Current Liabilities | 49.49 B | ||||
| Annual Yield | 0.07 % | ||||
| Five Year Return | 3.85 % | ||||
| Net Asset | 559.19 B | ||||
| Last Dividend Paid | 3.0 |
About United Microelectronics Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze United Microelectronics's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of United Microelectronics using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of United Microelectronics based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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 Piotroski F Score and United Microelectronics Altman Z Score analysis. For information on how to trade United Stock refer to our How to Trade United Stock guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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When running United Microelectronics' price analysis, check to measure United Microelectronics' 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 United Microelectronics is operating at the current time. Most of United Microelectronics' value examination focuses on studying past and present price action to predict the probability of United Microelectronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Microelectronics' price. Additionally, you may evaluate how the addition of United Microelectronics to your portfolios can decrease your overall portfolio volatility.
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Is United Microelectronics' 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 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 3 | Earnings Share 0.74 | Revenue Per Share 89.995 | Quarterly Revenue Growth 0.008 |
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.