0J6Z Stock | | | 297.99 1.27 0.43% |
Humana financial indicator trend analysis is much more than just examining Humana Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Humana Inc is a good investment. Please check the relationship between Humana Other Liab and its Common Stock accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Humana Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Other Liab vs Common Stock
Other Liab vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Humana Inc Other Liab account and
Common Stock. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Humana's Other Liab and Common Stock is -0.52. Overlapping area represents the amount of variation of Other Liab that can explain the historical movement of Common Stock in the same time period over historical financial statements of Humana Inc, assuming nothing else is changed. The correlation between historical values of Humana's Other Liab and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Liab of Humana Inc are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Other Liab i.e., Humana's Other Liab and Common Stock go up and down completely randomly.
Correlation Coefficient | -0.52 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Other Liab
Common Stock
Most indicators from Humana's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Humana Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Humana Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Tax Provision is likely to gain to about 695.4
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 188.8
M in 2024.
Humana fundamental ratios Correlations
Click cells to compare fundamentals
Humana Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Humana fundamental ratios Accounts
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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.