Humana Inc Etf Chance of Future Etf Price Finishing Over 185.63

HUM Etf  USD 349.50  2.00  0.58%   
Humana's implied volatility is one of the determining factors in the pricing options written on Humana Inc. Implied volatility approximates the future value of Humana based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Humana Inc over a specific time period. For example, 2024-03-28 CALL at $350.0 is a CALL option contract on Humana's common stock with a strick price of 350.0 expiring on 2024-03-28. The contract was last traded on 2024-03-27 at 14:55:29 for $1.7 and, as of today, has 0 days remaining before the expiration. The option is currently trading at a bid price of $1.6, and an ask price of $1.8. The implied volatility as of the 28th of March is 26.5. View All Humana options

Closest to current price Humana long CALL Option Payoff at Expiration

Humana's future price is the expected price of Humana instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Humana Inc performance during a given time horizon utilizing its historical volatility. Check out Humana Backtesting, Portfolio Optimization, Humana Correlation, Humana Hype Analysis, Humana Volatility, Humana History as well as Humana Performance.
  
Please specify Humana's target price for which you would like Humana odds to be computed.

Humana Target Price Odds to finish over 185.63

The tendency of Humana Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay above $ 185.63  in 90 days
 349.50 90 days 185.63 
close to 99
Based on a normal probability distribution, the odds of Humana to stay above $ 185.63  in 90 days from now is close to 99 (This Humana Inc probability density function shows the probability of Humana Etf to fall within a particular range of prices over 90 days) . Probability of Humana Inc price to stay between $ 185.63  and its current price of $349.5 at the end of the 90-day period is about 20.3 .
Considering the 90-day investment horizon Humana Inc has a beta of -0.18. This usually indicates as returns on benchmark increase, returns on holding Humana are expected to decrease at a much lower rate. During the bear market, however, Humana Inc is likely to outperform the market. Additionally Humana Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Humana Price Density   
       Price  

Predictive Modules for Humana

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Humana Inc. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
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.
Hype
Prediction
LowEstimatedHigh
347.22349.49351.76
Details
Intrinsic
Valuation
LowRealHigh
314.55400.75403.02
Details
Naive
Forecast
LowNextHigh
366.42368.69370.95
Details
23 Analysts
Consensus
LowTargetHigh
534.65587.53652.16
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Humana. Your research has to be compared to or analyzed against Humana's peers to derive any actionable benefits. When done correctly, Humana's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Humana Inc.

Humana Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Humana is not an exception. The market had few large corrections towards the Humana's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Humana Inc, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Humana within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.36
β
Beta against NYSE Composite-0.18
σ
Overall volatility
44.23
Ir
Information ratio -0.23

Humana Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Humana for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Humana Inc can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Humana Inc generated a negative expected return over the last 90 days
Over 94.0% of the company shares are owned by institutional investors
Latest headline from benzinga.com: Heres How Much 100 Invested In Humana 10 Years Ago Would Be Worth Today
The fund retains all of the assets under management (AUM) in different types of exotic instruments

Humana Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Humana Etf often depends not only on the future outlook of the current and potential Humana's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Humana's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding124.4 M
Cash And Short Term Investments21.3 B

Humana Technical Analysis

Humana's future price can be derived by breaking down and analyzing its technical indicators over time. Humana Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Humana Inc. In general, you should focus on analyzing Humana Etf price patterns and their correlations with different microeconomic environments and drivers.

Humana Predictive Forecast Models

Humana's time-series forecasting models is one of many Humana's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Humana's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.

Things to note about Humana Inc

Checking the ongoing alerts about Humana for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Humana Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Humana Inc generated a negative expected return over the last 90 days
Over 94.0% of the company shares are owned by institutional investors
Latest headline from benzinga.com: Heres How Much 100 Invested In Humana 10 Years Ago Would Be Worth Today
The fund retains all of the assets under management (AUM) in different types of exotic instruments

Complementary Tools for Humana Etf analysis

When running Humana's price analysis, check to measure Humana's 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 Humana is operating at the current time. Most of Humana's value examination focuses on studying past and present price action to predict the probability of Humana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Humana's price. Additionally, you may evaluate how the addition of Humana to your portfolios can decrease your overall portfolio volatility.
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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.