Aggregated price index with volume information
Summary:
- Managed Health Care stocks up 0.8% on average while median return up 0.7% in a day
- Managed Health Care stocks down 0.1% on average while median return down 0.3% in a week
- Managed Health Care stocks down 5.2% on average while median return down 6.5% in a month
- When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.
Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.
- 1M winners are : Winners for past month are
- 1M losers are : Losers for past month are $HUM -6.8%, $MOH -12.3%
- 1W winners are : Winners for past week are $UNH 6.4%, $HUM 1.3%
- 1W losers are : Losers for past week are $CI -3.3%, $MOH -4.6%
Correlation Analysis
Index correlation analysis
Correlation for the past month is 20.3%, for the past 3 months is 33.6%
In the past month for a 5 days rolling window, the highest corrrelation is 49.1%, the lowest correlation is -9.4%, the latest correlation is 8.5%
When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.
Among pairwise correlation, the highest correlation is 80.4% between CNC and HUM
The lowest correlation is -43.5% between BIOS and HUM
UnitedHealth Group (UNH) first-quarter earnings benefit from strong Optum and UnitedHealthcare business lines. Rising expenses partially offset the positives.
Investors might get a better sense of the fallout for UnitedHealth Group when it reports first-quarter earnings results Tuesday.
The federal agency that administers the Medicare program just approved a 3.7% payment rate increase. Here's why that's bad for insurance stocks.
Federal payment rates to Medicare insurers next year will come in lower than Wall Street had expected—a decision that weighed down shares in the sector. The Centers for Medicare and Medicaid Services said late Monday that 2025 payment rates for Medicare Advantage plans will be largely identical to a January proposal the insurance industry had argued was too low. Shares of companies with large Medicare insurance businesses sank.
Healthcare stocks are under pressure Tuesday after Medicare Advantage plan payments for 2025 came in lower than expected. TD Cowen Senior Equity Research Analyst at Gary Taylor joins Yahoo Finance Live to explain the implications for the healthcare industry. Taylor describes it as an "annual political dance" that occurs between the industry and Centers for Medicare & Medicaid Services (CMS). He explains that when a proposed rule is issued, such as the 2025 Medicare Advantage (MA) proposed rule, ...
2025 Medicare Advantage Rate Increases DisappointThe Centers for Medicare and Medicaid Services announces a 3.7% increase in reimbursements, falling short of investor hopes for a bigger bump.Read the ...
Insurance providers CVS Health (CVS), UnitedHealth Group (UNH), and Humana (HUM) are seeing stock declines ahead of Tuesday's market open as the Biden administration remained adamant on its stance on Medicare Advantage payment rates, ultimately coming below what insurance companies were demanding. Yahoo Finance Live explains the finalized Medicare Advantage pay rates' impacts on the greater healthcare sector. For more expert insight and the latest market action, click here to watch this full epi...
The health insurance sector took yet another blow Tuesday as investors see narrowing near-term profits.
Oklahoma Complete Health, a care management organization serving the needs of Oklahomans with health insurance solutions and a subsidiary of Centene Corporation (NYSE: CNC), is now delivering healthcare solutions to eligible SoonerSelect members throughout Oklahoma. SoonerSelect members have until July 1, 2024, to switch to Oklahoma Complete Health or the Children's Specialty Program.
The tech sector doesn't have a monopoly on magnificent corporations.