Rafferty Asset Management LLC Has 37.52 Million Holdings in United Microelectronics Co. - MarketBeat
| 2303 Stock | TWD 43.55 0.35 0.80% |
Slightly above 61% of United Microelectronics' investor base is looking to short. The analysis of current outlook of investing in United Microelectronics suggests that many traders are alarmed regarding United Microelectronics' prospects. United Microelectronics' investing sentiment can be driven by a variety of factors including economic data, United Microelectronics' earnings reports, geopolitical events, and overall market trends.
United Microelectronics stock news, alerts, and headlines are usually related to its technical, predictive, social, and fundamental indicators. It can reflect on the current distribution of United daily returns and investor perception about the current price of United Microelectronics as well as its diversification or hedging effects on your existing portfolios.
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Rafferty Asset Management LLC Has 37.52 Million Holdings in United Microelectronics Co. MarketBeat
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United Microelectronics Fundamental Analysis
We analyze United Microelectronics' 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.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
United Microelectronics is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
United Microelectronics Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with United Microelectronics stock to make a market-neutral strategy. 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 with similar companies.
Peers
United Microelectronics Related Equities
| 2409 | AU Optronics | 0.97 | ||||
| 2454 | MediaTek | 0.40 | ||||
| 2317 | Hon Hai | 0.51 | ||||
| 2337 | Macronix International | 1.64 | ||||
| 2344 | Winbond Electronics | 3.31 |
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.