HUMANA INC Market Value

444859BR2   81.82  1.93  2.42%   
HUMANA's market value is the price at which a share of HUMANA trades on an exchange. It measures the collective expectations of HUMANA INC investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of HUMANA INC and determine expected loss or profit from investing in HUMANA over a given investment horizon.
Check out HUMANA Correlation, HUMANA Volatility and HUMANA Alpha and Beta module to complement your research on HUMANA.
Symbol

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 bond 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.
0.00
05/20/2024
No Change 0.00  0.0 
In 31 days
06/19/2024
0.00
If you would invest  0.00  in HUMANA on May 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 00108WAF7, 90331HPL1, Brinks, Brookfield Renewable, Grab Holdings, GameStop Corp, and Gen Digital. 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 bond 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.

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.
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
81.1681.8282.48
Details
Intrinsic
Valuation
LowRealHigh
79.9980.6590.00
Details
Naive
Forecast
LowNextHigh
82.5483.1983.85
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
77.7679.5981.43
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 INC Backtested Returns

We consider HUMANA very steady. HUMANA INC holds Efficiency (Sharpe) Ratio of 0.0767, which attests that the entity had a 0.0767% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for HUMANA INC, which you can use to evaluate the volatility of the entity. Please check out HUMANA's Risk Adjusted Performance of 0.0373, market risk adjusted performance of 0.0887, and Semi Deviation of 0.5117 to validate if the risk estimate we provide is consistent with the expected return of 0.0503%. The bond retains a Market Volatility (i.e., Beta) of 0.36, which attests to possible diversification benefits within a given portfolio. 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

    
  0.36  

Below average predictability

HUMANA INC has below average predictability. Overlapping area represents the amount of predictability between HUMANA time series from 20th of May 2024 to 4th of June 2024 and 4th of June 2024 to 19th of June 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 0.36 indicates that just about 36.0% of current HUMANA price fluctuation can be explain by its past prices.
Correlation Coefficient0.36
Spearman Rank Test0.05
Residual Average0.0
Price Variance0.45

HUMANA INC lagged returns against current returns

Autocorrelation, which is HUMANA bond'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 bond 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 bond 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HUMANA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HUMANA bond 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 bond 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 bond current value and its past values and can show if there is a momentum factor associated with investing in HUMANA INC.
   Regressed Prices   
       Timeline  

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Other Information on Investing in HUMANA Bond

HUMANA financial ratios help investors to determine whether HUMANA Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in HUMANA with respect to the benefits of owning HUMANA security.