Humana (UK) Market Value
| 0J6Z Stock | 297.99 1.27 0.43% |
| Symbol | Humana |
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 stock 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.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Humana on June 8, 2023 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 540 days. Humana is related to or competes with Young Cos, PureTech Health, MTI Wireless, Ashtead Technology, Schweiter Technologies, Bloomsbury Publishing, and Flowtech Fluidpower. Humana is entity of United Kingdom. It is traded as Stock on LSE exchange. 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 stock 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.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 21.62 | |||
| Value At Risk | (4.58) | |||
| Potential Upside | 3.63 |
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.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.37) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | (0.13) |
Humana Inc Backtested Returns
Humana Inc holds Efficiency (Sharpe) Ratio of -0.0599, which attests that the entity had a -0.0599% return per unit of risk over the last 3 months. Humana Inc exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Humana's Market Risk Adjusted Performance of (0.12), standard deviation of 3.37, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.53, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Humana will likely underperform. At this point, Humana Inc has a negative expected return of -0.21%. Please make sure to check out Humana's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Humana Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.81 |
Very good predictability
Humana Inc has very good predictability. Overlapping area represents the amount of predictability between Humana time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 0.81 indicates that around 81.0% of current Humana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 1524.86 |
Humana Inc lagged returns against current returns
Autocorrelation, which is Humana stock'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 stock 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 stock 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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Humana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Humana stock 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 stock 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 stock current value and its past values and can show if there is a momentum factor associated with investing in Humana Inc.
Regressed Prices |
| Timeline |
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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.Additional Tools for Humana Stock 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.