United Microelectronics (Taiwan) Performance
| 2303 Stock | TWD 43.55 0.35 0.80% |
The entity has a beta of 0.52, 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. At this point, United Microelectronics has a negative expected return of -0.37%. Please make sure to validate United Microelectronics' standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if United Microelectronics performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days United Microelectronics has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of abnormal performance in the last few months, the Stock's basic indicators remain fairly stable which may send shares a bit higher in December 2024. The latest fuss may also be a sign of long-term up-swing for the venture sophisticated investors. ...more
| Begin Period Cash Flow | 94 B | |
| Total Cashflows From Investing Activities | -62.2 B |
United |
United Microelectronics Relative Risk vs. Return Landscape
If you would invest 5,540 in United Microelectronics on August 31, 2024 and sell it today you would lose (1,185) from holding United Microelectronics or give up 21.39% of portfolio value over 90 days. United Microelectronics is generating negative expected returns and assumes 1.1821% volatility on return distribution over the 90 days horizon. Simply put, 10% of stocks are less volatile than United, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
United Microelectronics Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Microelectronics' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as United Microelectronics, and traders can use it to determine the average amount a United Microelectronics' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.3167
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | 2303 |
Estimated Market Risk
| 1.18 actual daily | 10 90% of assets are more volatile |
Expected Return
| -0.37 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.32 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 Fundamentals Growth
United Stock prices reflect investors' perceptions of the future prospects and financial health of United Microelectronics, and United Microelectronics fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on United Stock performance.
| Return On Equity | 0.29 | |||
| Return On Asset | 0.13 | |||
| Profit Margin | 0.31 % | |||
| Operating Margin | 0.37 % | |||
| Current Valuation | 422.35 B | |||
| Shares Outstanding | 12.48 B | |||
| Price To Earning | 19.08 X | |||
| Price To Book | 1.76 X | |||
| Price To Sales | 2.02 X | |||
| Revenue | 213.01 B | |||
| EBITDA | 110.75 B | |||
| Cash And Equivalents | 149.97 B | |||
| Cash Per Share | 12.09 X | |||
| Total Debt | 39.83 B | |||
| Debt To Equity | 0.32 % | |||
| Book Value Per Share | 27.14 X | |||
| Cash Flow From Operations | 90.35 B | |||
| Earnings Per Share | 6.36 X | |||
| Total Asset | 464.43 B | |||
| Retained Earnings | 50.91 B | |||
| Current Asset | 101.92 B | |||
| Current Liabilities | 41.63 B | |||
About United Microelectronics Performance
Evaluating United Microelectronics' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if United Microelectronics has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if United Microelectronics has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
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 MICRO operates under Semiconductors classification in Taiwan and is traded on Taiwan Stock Exchange.Things to note about United Microelectronics performance evaluation
Checking the ongoing alerts about United Microelectronics for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for United Microelectronics help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| United Microelectronics generated a negative expected return over the last 90 days |
- Analyzing United Microelectronics' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether United Microelectronics' stock is overvalued or undervalued compared to its peers.
- Examining United Microelectronics' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating United Microelectronics' management team can have a significant impact on its success or failure. Reviewing the track record and experience of United Microelectronics' management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of United Microelectronics' stock. These opinions can provide insight into United Microelectronics' potential for growth and whether the stock is currently undervalued or overvalued.
Additional 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.