United Microelectronics Corporation (UMC)
United Microelectronics Corporation Beneish M-Score
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UMC Beneish M-Score Range, Past 5 Years
| Minimum | -4.034 | Dec 2008 |
| Maximum | -0.3417 | Dec 2007 |
| Average | -2.646 |
About Beneish M Score
The Beneish M Score helps to uncover companies who are likely to be manipulating their reported earnings. Companies with a higher score are more likely to be manipulators. This is a probabilistic model, so it will not detect manipulators with 100% accuracy.
The best cut-off point depends on the costs mistakenly classifying in one of two ways:
1) Classifying firm that is manipulating earnings as a non-manipulator (Type I error), and
2) Classifying a firm as a manipulator when it actually was not manipulating (Type II Error).
Here are optimal cut-offs according to Beneish, presented as the score followed by the cost of Type I error relative to cost of Type II error):
M Score HTML Table:
| Score | Relative Error Costs (Type I:Type II) |
|---|---|
| M Score > -1.49 | (10:1) | M Score > -1.78 | (20:1) | M Score > -1.89 | (40+:1) |
Beneish excluded financial institutions from his sample when calculating the M-Score, so extreme care should be taken when looking at M-Scores of financial firms - their business models are different from the manufacturing and other service firms that Beneish used in his study.
If you want more details, here is the original Beneish M Score Paper, or you can learn about our calculation by clicking "Learn More" below.
Learn More
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UMC News
Goldman Sachs Downgrades United Microelectronics (UMC) to Sell; Returns Deteriorating
May 31, 10:26AM Street Insider
May 31, 10:26AM Street Insider
$UMC 200 Day SMA Cross - Price crossed below 200 day SMA (2.2858). Confirmed by volume.
about 2 days ago by TradeIdeasQuant
about 2 days ago by TradeIdeasQuant
@Urbane_Gorilla $UMC I agree. Like it to consolidate a bit before moving higher. Worth keeping an eye on.
about 34 days ago by Random_Walk
about 34 days ago by Random_Walk
@Random_Walk $UMC is at a multiple top. I like that big swing low. If it breaks, it could prove to be a J Hook. Else it'll fail. We'll see.
about 34 days ago by Urbane_Gorilla
about 34 days ago by Urbane_Gorilla
@Urbane_Gorilla $UMC Good looking chart. Maybe taking a breather before eclipsing new highs?
about 34 days ago by Random_Walk
about 34 days ago by Random_Walk
United Microelectronics Corporation's CEO Discusses Q1 2012 Results - Earnings Call Transcript
Apr 25, 2:34PM Seeking Alpha
Apr 25, 2:34PM Seeking Alpha
United Microelectronics Corporation to Report First Quarter 2012 Financial Results on April 25, 2012 US Time
Apr 11, 8:00AM PR Newswire
Apr 11, 8:00AM PR Newswire
United Microelectronic upgraded to Outperform from Neutral at Credit Suisse
Apr 09, 9:23AM theflyonthewall.com
Apr 09, 9:23AM theflyonthewall.com
RT @WallStJesus ★ Via OptionsHawk: $UMC Something to watch break downtrend line\channel since Jan 2010. Thx
about 70 days ago by bk0223
about 70 days ago by bk0223
BofA/Merrill Lynch Downgrades United Microelectronics (UMC) to Neutral
Feb 21, 9:23AM Street Insider
Feb 21, 9:23AM Street Insider
United Microelectronics' CEO Discusses Q4 2011 Results - Earnings Call Transcript
Feb 08, 1:50PM Seeking Alpha
Feb 08, 1:50PM Seeking Alpha
Ex-Dividend Stocks for Friday, July 22: http://stk.ly/qpR2lg / $BWL.A $RY $UMC
about 322 days ago by DynamicDividend
about 322 days ago by DynamicDividend
Setups for Monday: $JBL, $TSLA, $TASR, $DANG, $UMC, $AAU, $FORM, $SMBL: http://ibankcoin.com/rcblog/2011/05/08/setups-for-monday-2/
about 389 days ago by RaginCajun
about 389 days ago by RaginCajun
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| UMC | 2.11 | -0.16 | -7.05% | 5.732B |
| UMBF | 48.77 | +0.56 | +1.16% | 1.955B |
| ULTR | 1.43 | -0.02 | -1.38% | 43.51M |
| ULTI | 80.33 | -0.14 | -0.17% | 2.123B |
| ULTA | 89.37 | -0.23 | -0.26% | 5.545B |
| ULQ | 49.95 | +0.03 | +0.06% | |
| ULGX | 1.15 | +0.04 | +3.61% | 16.39M |
| ULE | 21.65 | -0.01 | -0.05% | |
| TXN | 28.48 | -0.47 | -1.62% | 33.06B |
| TXCC | 1.68 | -0.02 | -1.18% | 52.14M |
