UMC Electronics (Germany) Price on June 21, 2024
UM3 Stock | EUR 1.93 0.02 1.03% |
If you're considering investing in UMC Stock, it is important to understand the factors that can impact its price. As of today, the current price of UMC Electronics stands at 1.93, as last reported on the 26th of November, with the highest price reaching 1.93 and the lowest price hitting 1.93 during the day. UMC Electronics retains Efficiency (Sharpe Ratio) of -0.0915, which indicates the firm had a -0.0915% return per unit of volatility over the last 3 months. UMC Electronics exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate UMC Electronics' risk adjusted performance of (0.05), and Standard Deviation of 2.93 to confirm the risk estimate we provide.
UMC Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
UMC |
Sharpe Ratio = -0.0915
Best Portfolio | Best Equity | |||
Good Returns | ||||
Average Returns | ||||
Small Returns | ||||
Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | UM3 |
Estimated Market Risk
2.96 actual daily | 26 74% of assets are more volatile |
Expected Return
-0.27 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average UMC Electronics is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of UMC Electronics by adding UMC Electronics to a well-diversified portfolio.
UMC Electronics Valuation on June 21, 2024
It is possible to determine the worth of UMC Electronics on a given historical date. On June 21, 2024 UMC was worth 2.18 at the beginning of the trading date compared to the closed value of 2.18. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of UMC Electronics stock. Still, in general, we apply an absolute valuation method to find UMC Electronics' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of UMC Electronics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against UMC Electronics' related companies.
Open | High | Low | Close | Volume | |
2.30 | 2.38 | 2.30 | 2.38 | 787.00 | |
06/21/2024 | 2.18 | 2.18 | 2.18 | 2.18 | 787.00 |
2.12 | 2.12 | 2.12 | 2.12 | 787.00 |
Backtest UMC Electronics | | | UMC Electronics History | | | UMC Electronics Valuation | Previous | Next |
UMC Electronics Trading Date Momentum on June 21, 2024
On June 24 2024 UMC Electronics Co was traded for 2.12 at the closing time. The highest daily price throughout the period was 2.12 and the lowest price was 2.12 . The daily volume was 787. The net trading volume on 06/24/2024 added to the next day price reduction. The trading price change to closing price of the next trading day was 2.75% . The trading price change to current closing price is 2.75% . |
UMC Electronics Fundamentals Correlations and Trends
By evaluating UMC Electronics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among UMC Electronics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. UMC financial account trend analysis is a perfect complement when working with valuation or volatility modules.About UMC Electronics Stock history
UMC Electronics investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for UMC is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in UMC Electronics will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing UMC Electronics stock prices may prove useful in developing a viable investing in UMC Electronics
UMC Electronics Co., Ltd. provides electronic manufacturing services in Japan. The company was founded in 1968 and is headquartered in Ageo, Japan. UMC ELECTRONICS operates under Electronic Components classification in Germany and is traded on Frankfurt Stock Exchange. It employs 8657 people.
UMC Electronics Stock Technical Analysis
UMC Electronics 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.
Price Boundaries
UMC Electronics Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
UMC Electronics Co cannot be verified against its exchange. Please verify the symbol is currently traded on Frankfurt Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
UMC Electronics November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how UMC Electronics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading UMC Electronics shares will generate the highest return on investment. By undertsting and applying UMC Electronics stock market strength indicators, traders can identify UMC Electronics Co entry and exit signals to maximize returns
UMC Electronics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for UMC Electronics' price direction in advance. Along with the technical and fundamental analysis of UMC Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of UMC to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.05) | |||
Jensen Alpha | (0.28) | |||
Total Risk Alpha | (0.69) | |||
Treynor Ratio | (0.60) |
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Complementary Tools for UMC Stock analysis
When running UMC Electronics' price analysis, check to measure UMC Electronics' 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 UMC Electronics is operating at the current time. Most of UMC Electronics' value examination focuses on studying past and present price action to predict the probability of UMC Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UMC Electronics' price. Additionally, you may evaluate how the addition of UMC Electronics to your portfolios can decrease your overall portfolio volatility.
Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |