Humana Inc Etf Technical Analysis
| HUM Etf | USD 314.64 2.05 0.66% |
As of the 16th of April 2024, Humana retains the Market Risk Adjusted Performance of (3.31), standard deviation of 2.71, and Risk Adjusted Performance of (0.11). Humana technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We are able to break down and analyze data for thirteen technical drivers for Humana Inc, which can be compared to its competitors. Please check out Humana Inc variance and potential upside to decide if Humana is priced fairly, providing market reflects its last-minute price of 314.64 per share.
Humana Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Humana, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HumanaHumana |
Humana Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 587.53 | Buy | 23 | Odds |
Most Humana analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Humana stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Humana Inc, talking to its executives and customers, or listening to Humana conference calls.
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.
Humana Inc Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Humana Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Humana Inc Trend Analysis
Use this graph to draw trend lines for Humana Inc. You can use it to identify possible trend reversals for Humana as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Humana price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Humana Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Humana Inc applied against its price change over selected period. The best fit line has a slop of 1.18 , which may imply that the returns on investment in Humana Inc will continue to fail. It has 122 observation points and a regression sum of squares at 53050.31, which is the sum of squared deviations for the predicted Humana price change compared to its average price change.About Humana Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Humana Inc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Humana Inc based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on Humana Inc price pattern first instead of the macroeconomic environment surrounding Humana Inc. By analyzing Humana's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Humana's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Humana specific price patterns or momentum indicators. Please read more on our technical analysis page.
Humana April 16, 2024 Technical Indicators
Most technical analysis of Humana help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Humana from various momentum indicators to cycle indicators. When you analyze Humana charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.11) | |||
| Market Risk Adjusted Performance | (3.31) | |||
| Mean Deviation | 1.55 | |||
| Coefficient Of Variation | (513.09) | |||
| Standard Deviation | 2.71 | |||
| Variance | 7.35 | |||
| Information Ratio | (0.22) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (3.32) | |||
| Maximum Drawdown | 16.38 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 2.02 | |||
| Skewness | (3.11) | |||
| Kurtosis | 11.55 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Humana Inc. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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.