Humana Inc Etf Market Value
| HUM Etf | USD 328.33 3.50 1.08% |
| Symbol | Humana |
The market value of Humana Inc is measured differently than its book value, which is the value of Humana that is recorded on the company's balance sheet. Investors also form their own opinion of Humana's value that differs from its market value or its book value, called intrinsic value, which is Humana's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Humana's market value can be influenced by many factors that don't directly affect Humana's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Humana's value and its price as these two are different measures arrived at by different means. Investors typically determine if Humana is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Humana's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Humana 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Humana's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Humana.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Humana on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Humana Inc or generate 0.0% return on investment in Humana over 30 days. Humana is related to or competes with Elevance Health, Centene Corp, UnitedHealth Group, CVS Health, Cigna Corp, Molina Healthcare, and Alignment Healthcare. Humana Inc., together with its subsidiaries, operates as a health and well-being company in the United States More
Humana Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Humana's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Humana Inc upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 16.38 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 2.02 |
Humana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Humana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Humana's standard deviation. In reality, there are many statistical measures that can use Humana historical prices to predict the future Humana's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.43) | |||
| Total Risk Alpha | (0.68) | |||
| Treynor Ratio | (3.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Humana's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Humana Inc Backtested Returns
Humana Inc holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. Humana Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Humana's Risk Adjusted Performance of (0.09), market risk adjusted performance of (3.07), and Standard Deviation of 2.71 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Humana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Humana is expected to be smaller as well.
Auto-correlation | -0.66 |
Very good reverse predictability
Humana Inc has very good reverse predictability. Overlapping area represents the amount of predictability between Humana time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Humana Inc price movement. The serial correlation of -0.66 indicates that around 66.0% of current Humana price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 18.53 |
Humana Inc lagged returns against current returns
Autocorrelation, which is Humana etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Humana's etf expected returns. We can calculate the autocorrelation of Humana returns to help us make a trade decision. For example, suppose you find that Humana has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Humana regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Humana etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Humana etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Humana etf over time.
Current vs Lagged Prices |
| Timeline |
Humana Lagged Returns
When evaluating Humana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Humana etf have on its future price. Humana autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Humana autocorrelation shows the relationship between Humana etf current value and its past values and can show if there is a momentum factor associated with investing in Humana Inc.
Regressed Prices |
| Timeline |
Humana Implied Volatility | 48.78 |
Humana's implied volatility exposes the market's sentiment of Humana Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Humana's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Humana stock will not fluctuate a lot when Humana's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Humana in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Humana's short interest history, or implied volatility extrapolated from Humana options trading.
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Humana technical etf 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, etf market cycles, or different charting patterns.