United Microelectronics Stock Price on September 25, 2024
UMC Stock | USD 6.69 0.16 2.34% |
If you're considering investing in United Stock, it is important to understand the factors that can impact its price. As of today, the current price of United Microelectronics stands at 6.69, as last reported on the 29th of November, with the highest price reaching 6.77 and the lowest price hitting 6.65 during the day. United Microelectronics owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the firm had a -0.18% return per unit of risk over the last 3 months. United Microelectronics exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United Microelectronics' Risk Adjusted Performance of (0.16), coefficient of variation of (474.32), and Variance of 3.67 to confirm the risk estimate we provide.
United Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
United |
Sharpe Ratio = -0.1755
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Estimated Market Risk
1.79 actual daily | 15 85% of assets are more volatile |
Expected Return
-0.31 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average United Microelectronics 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 United Microelectronics by adding United Microelectronics to a well-diversified portfolio.
United Microelectronics Valuation on September 25, 2024
It is possible to determine the worth of United Microelectronics on a given historical date. On September 25, 2024 United was worth 8.63 at the beginning of the trading date compared to the closed value of 8.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of United Microelectronics stock. Still, in general, we apply an absolute valuation method to find United Microelectronics' 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 United Microelectronics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against United Microelectronics' related companies.
Open | High | Low | Close | Volume | |
8.58 | 8.63 | 8.53 | 8.61 | 11,892,591 | |
09/25/2024 | 8.63 | 8.72 | 8.62 | 8.69 | 8,947,481 |
8.77 | 8.86 | 8.65 | 8.84 | 15,296,099 |
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United Microelectronics Trading Date Momentum on September 25, 2024
On September 26 2024 United Microelectronics was traded for 8.84 at the closing time. Highest United Microelectronics's price during the trading hours was 8.86 and the lowest price during the day was 8.65 . The net volume was 15.3 M. The overall trading history on the 26th of September contributed to the next trading period price growth. The trading price change to the next next day price was 1.73% . The trading price change to current price is 5.29% . |
United Microelectronics Fundamentals Correlations and Trends
By evaluating United Microelectronics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among United Microelectronics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. United financial account trend analysis is a perfect complement when working with valuation or volatility modules.About United Microelectronics Stock history
United Microelectronics 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 United is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in United Microelectronics 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 United Microelectronics stock prices may prove useful in developing a viable investing in United Microelectronics
United Microelectronics Corporation operates as a semiconductor wafer foundry in Taiwan, Singapore, China, Hong Kong, Japan, the United States, Europe, and internationally. United Microelectronics Corporation was incorporated in 1980 and is headquartered in Hsinchu City, Taiwan. United Microelectronics operates under Semiconductors classification in the United States and is traded on New York Stock Exchange. It employs 19500 people.
United Microelectronics Stock Technical Analysis
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.
Price Boundaries
United Microelectronics Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
United Microelectronics cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock 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.
United Microelectronics November 29, 2024 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for United Microelectronics' price direction in advance. Along with the technical and fundamental analysis of United Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of United 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 | (0.16) | |||
Jensen Alpha | (0.42) | |||
Total Risk Alpha | (0.70) | |||
Treynor Ratio | (10.32) |
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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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