Cigna Corp Stock Market Value
| CI Stock | USD 352.34 0.31 0.09% |
| Symbol | Cigna |
Cigna Corp Price To Book Ratio
Is Cigna Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cigna Corp. If investors know Cigna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cigna Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Dividend Share 4.92 | Earnings Share 17.39 | Revenue Per Share 664.145 | Quarterly Revenue Growth 0.116 |
The market value of Cigna Corp is measured differently than its book value, which is the value of Cigna that is recorded on the company's balance sheet. Investors also form their own opinion of Cigna Corp's value that differs from its market value or its book value, called intrinsic value, which is Cigna Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cigna Corp's market value can be influenced by many factors that don't directly affect Cigna Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cigna Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cigna Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cigna Corp'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.
Cigna Corp '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 Cigna Corp'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 Cigna Corp.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Cigna Corp on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Cigna Corp or generate 0.0% return on investment in Cigna Corp over 30 days. Cigna Corp is related to or competes with Humana, and CVS Health. Cigna Corporation provides insurance and related products and services in the United States More
Cigna Corp 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 Cigna Corp'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 Cigna Corp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7707 | |||
| Information Ratio | 0.1468 | |||
| Maximum Drawdown | 7.02 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 1.97 |
Cigna Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cigna Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cigna Corp's standard deviation. In reality, there are many statistical measures that can use Cigna Corp historical prices to predict the future Cigna Corp's volatility.| Risk Adjusted Performance | 0.1533 | |||
| Jensen Alpha | 0.2041 | |||
| Total Risk Alpha | 0.0956 | |||
| Sortino Ratio | 0.196 | |||
| Treynor Ratio | 0.6252 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cigna Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cigna Corp Backtested Returns
Cigna Corp appears to be very steady, given 3 months investment horizon. Cigna Corp secures Sharpe Ratio (or Efficiency) of 0.27, which signifies that the company had a 0.27% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cigna Corp, which you can use to evaluate the volatility of the firm. Please makes use of Cigna Corp's Mean Deviation of 0.688, downside deviation of 0.7707, and Risk Adjusted Performance of 0.1533 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cigna Corp holds a performance score of 21. The firm shows a Beta (market volatility) of 0.38, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cigna Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cigna Corp is expected to be smaller as well. Please check Cigna Corp's maximum drawdown, skewness, and the relationship between the total risk alpha and downside variance , to make a quick decision on whether Cigna Corp's price patterns will revert.
Auto-correlation | -0.68 |
Very good reverse predictability
Cigna Corp has very good reverse predictability. Overlapping area represents the amount of predictability between Cigna Corp time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Cigna Corp price movement. The serial correlation of -0.68 indicates that around 68.0% of current Cigna Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 13.75 |
Cigna Corp lagged returns against current returns
Autocorrelation, which is Cigna Corp 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 Cigna Corp's stock expected returns. We can calculate the autocorrelation of Cigna Corp returns to help us make a trade decision. For example, suppose you find that Cigna Corp 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 |
Cigna Corp 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 Cigna Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cigna Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cigna Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Cigna Corp Lagged Returns
When evaluating Cigna Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cigna Corp stock have on its future price. Cigna Corp 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, Cigna Corp autocorrelation shows the relationship between Cigna Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Cigna Corp.
Regressed Prices |
| Timeline |
Pair Trading with Cigna Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cigna Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cigna Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Cigna Stock
| 0.65 | MRK | Merck Company Earnings Call Tomorrow | PairCorr |
Moving against Cigna Stock
| 0.67 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.66 | CSCO | Cisco Systems Fiscal Quarter End 30th of April 2024 | PairCorr |
| 0.44 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
The ability to find closely correlated positions to Cigna Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cigna Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cigna Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cigna Corp to buy it.
The correlation of Cigna Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cigna Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cigna Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cigna Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cigna Corp Correlation, Cigna Corp Volatility and Cigna Corp Alpha and Beta module to complement your research on Cigna Corp. For more detail on how to invest in Cigna Stock please use our How to Invest in Cigna Corp guide.You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Cigna Stock analysis
When running Cigna Corp's price analysis, check to measure Cigna Corp'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 Cigna Corp is operating at the current time. Most of Cigna Corp's value examination focuses on studying past and present price action to predict the probability of Cigna Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cigna Corp's price. Additionally, you may evaluate how the addition of Cigna Corp to your portfolios can decrease your overall portfolio volatility.
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Cigna Corp 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.