Use Humana to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of Humana to be traded at $167.82 in 30 days
Humana Daily Price Distribution
The median price of Humana for the period between Sat, Jun 25, 2016 and Mon, Jul 25, 2016 is 174.0 with a coefficient of variation of 6.64. The daily time series for the period is distributed with a sample standard deviation of 11.25, arithmetic mean of 169.5, and mean deviation of 10.22. 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 26.24 B. Humana Inc runs under Healthcare sector within Health Care Plans industry. This company has 149.04 M outstanding shares of which 2.76 M shares are currently shorted by investors with about 2.14 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