Use Humana to protect against small markets fluctuations. The stock experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of Humana to be traded at $169.86 in 30 days
Humana Daily Price Distribution
The median price of Humana for the period between Sat, May 28, 2016 and Mon, Jun 27, 2016 is 187.04 with a coefficient of variation of 3.11. The daily time series for the period is distributed with a sample standard deviation of 5.73, arithmetic mean of 184.32, and mean deviation of 4.58. The Stock received some media coverage during the period.
Humana Inc (HUM) is traded on New York Stock Exchange in USA. It is located in KENTUCKY, U.S.A and employs 50,100 people. Humana is listed under Insurance category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with total capitalization of 27.26 B. Humana Inc runs under Healthcare sector within Health Care Plans industry. This company has 149.04 M outstanding shares of which 2.46 M shares are currently shorted by investors with about 2.55 days to cover shorted positions.
HUMANA INC has about 10.54 B in cash with 1.24 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 70.71.
Correlation analysis and pair trading evaluation for Humana and UnitedHealth Group I. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return