HUMANA INC 495 Market Value

444859BE1   88.17  1.39  1.55%   
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 495 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of HUMANA INC 495 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
11/19/2023
No Change 0.00  0.0 
In 1 year and 26 days
12/13/2024
0.00
If you would invest  0.00  in HUMANA on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding HUMANA INC 495 or generate 0.0% return on investment in HUMANA over 390 days. HUMANA is related to or competes with Dave Busters, U Haul, United Rentals, Avis Budget, Xponential Fitness, HE Equipment, and PACCAR. 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 495 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.
Hype
Prediction
LowEstimatedHigh
86.6188.1789.73
Details
Intrinsic
Valuation
LowRealHigh
83.5285.0896.99
Details
Naive
Forecast
LowNextHigh
87.7589.3190.87
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
86.4890.3194.14
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 495.

HUMANA INC 495 Backtested Returns

At this point, HUMANA is very steady. HUMANA INC 495 holds Efficiency (Sharpe) Ratio of 0.0223, which attests that the entity had a 0.0223% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for HUMANA INC 495, which you can use to evaluate the volatility of the entity. Please check out HUMANA's Market Risk Adjusted Performance of (0.55), risk adjusted performance of (0.01), and Coefficient Of Variation of (5,071) to validate if the risk estimate we provide is consistent with the expected return of 0.0347%. The bond retains a Market Volatility (i.e., Beta) of 0.0736, which attests to not very significant fluctuations relative to the market. 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

    
  0.13  

Insignificant predictability

HUMANA INC 495 has insignificant predictability. Overlapping area represents the amount of predictability between HUMANA time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 495 price movement. The serial correlation of 0.13 indicates that less than 13.0% of current HUMANA price fluctuation can be explain by its past prices.
Correlation Coefficient0.13
Spearman Rank Test-0.1
Residual Average0.0
Price Variance5.2

HUMANA INC 495 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 495.
   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.