Two factors make the provision of health services different from other services. First, many providers are organized as not-for-profit corporations as opposed to investor owned. Second, payment for services typically is made by third parties rather than by patients, who receive the services.
Work and Challenges
Started from scratch.
Came up with our idea of what data to get, how to get the data, maintain it and visualize it
Decided to get daily prices, market capitalization, volumes and daily news sentiments for better estimates how the stocks behaviors
Added the major health reforms in the database for future reference
Developed a trading strategy based upon the data collected
Had to construct the insurance index
Potential Work
Research on how to maintain the database by feeding the data automatically from Bloomberg terminal.
Include Volume or correlation between Volume and News sentiment as an additional trading strategy
Expand the database to other sectors and implement similar strategies.