Humana (Germany) Market Value
| HUM Stock | EUR 246.30 13.80 5.31% |
| 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.
| 11/18/2024 |
| 12/18/2024 |
If you would invest 0.00 in Humana on November 18, 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 CVS Health, Medicover, and Ramsay Gnrale. Humana Inc., together with its subsidiaries, operates as a health and well-being company in the United States 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 | (0.05) | |||
| Maximum Drawdown | 22.29 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 4.78 |
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 | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | (0.08) |
Humana Inc Backtested Returns
Humana Inc holds Efficiency (Sharpe) Ratio of -0.0339, which attests that the entity had a -0.0339% return per unit of risk over the last 3 months. Humana Inc exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Humana's Risk Adjusted Performance of (0.02), market risk adjusted performance of (0.07), and Standard Deviation of 3.88 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.76, 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 -0.13%. Please make sure to check out Humana's skewness, day median price, and the relationship between the treynor ratio and daily balance of power , to decide if Humana Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Humana Inc has good reverse predictability. Overlapping area represents the amount of predictability between Humana time series from 18th of November 2024 to 3rd of December 2024 and 3rd of December 2024 to 18th 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 price movement. The serial correlation of -0.52 indicates that about 52.0% of current Humana price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 99.58 |
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 |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Humana Stock
When determining whether Humana Inc is a strong investment it is important to analyze Humana's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Humana's future performance. For an informed investment choice regarding Humana Stock, refer to the following important reports:Check out Humana Correlation, Humana Volatility and Humana Alpha and Beta module to complement your research on Humana. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Humana technical stock 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, stock market cycles, or different charting patterns.