United Microelectronics Stock Technical Analysis
| UMC Stock | USD 7.82 0.15 1.88% |
As of the 16th of April 2024, United Microelectronics has the Coefficient Of Variation of (6,501), variance of 3.06, and Risk Adjusted Performance of (0). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of United Microelectronics, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have collected data for thirteen technical drivers for United Microelectronics, which can be compared to its competition. Please validate United Microelectronics variance and value at risk to decide if United Microelectronics is priced more or less accurately, providing market reflects its prevalent price of 7.82 per share. Given that United Microelectronics has information ratio of (0.05), we advise you to double-check United Microelectronics's current market performance to make sure the company can sustain itself at a future point.
United Microelectronics Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as United, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to UnitedUnited |
United Microelectronics Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 7.17 | Buy | 5 | Odds |
Most United analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand United stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of United Microelectronics, talking to its executives and customers, or listening to United conference calls.
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.
United Microelectronics Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of United Microelectronics volatility. High ATR values indicate high volatility, and low values indicate low volatility.
United Microelectronics Trend Analysis
Use this graph to draw trend lines for United Microelectronics. You can use it to identify possible trend reversals for United Microelectronics as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual United Microelectronics price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.United Microelectronics Best Fit Change Line
The following chart estimates an ordinary least squares regression model for United Microelectronics applied against its price change over selected period. The best fit line has a slop of 0 , which may imply that United Microelectronics will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 0.86, which is the sum of squared deviations for the predicted United Microelectronics price change compared to its average price change.About United Microelectronics Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of United Microelectronics on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of United Microelectronics based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on United Microelectronics price pattern first instead of the macroeconomic environment surrounding United Microelectronics. By analyzing United Microelectronics's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of United Microelectronics's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to United Microelectronics specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.005026 | 0.0152 | 0.014 | 0.0133 | Price To Sales Ratio | 18.56 | 8.85 | 14.43 | 15.15 |
United Microelectronics April 16, 2024 Technical Indicators
Most technical analysis of United help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for United from various momentum indicators to cycle indicators. When you analyze United charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0) | |||
| Market Risk Adjusted Performance | (0.02) | |||
| Mean Deviation | 1.38 | |||
| Coefficient Of Variation | (6,501) | |||
| Standard Deviation | 1.75 | |||
| Variance | 3.06 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.03) | |||
| Maximum Drawdown | 7.38 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 3.0 | |||
| Skewness | (0.05) | |||
| Kurtosis | 0.4706 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in United Microelectronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For information on how to trade United Stock refer to our How to Trade United Stock guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for United Stock analysis
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 (0.31) | Dividend Share 3 | Earnings Share 0.75 | Revenue Per Share 89.94 | Quarterly Revenue Growth (0.19) |
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.