Cigna Corp Stock Forecast - Accumulation Distribution
| CI Stock | USD 337.94 0.71 0.21% |
Cigna Stock Forecast is based on your current time horizon. We recommend always using this module together with an analysis of Cigna Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
Cigna |
Open Interest Against 2024-06-14 Cigna Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Cigna Corp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Cigna Corp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Cigna Corp stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Cigna Corp's open interest, investors have to compare it to Cigna Corp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Cigna Corp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Cigna. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Cigna Corp cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Cigna Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Cigna Corp's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Cigna Corp is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Cigna Corp to determine if accumulation or reduction is taking place in the market. This value is adjusted by Cigna Corp trading volume to give more weight to distributions with higher volume over lower volume.| Previous Accumulation Distribution | Accumulation Distribution | Trend |
| 8722.41 | 12617.19 |
| Check Cigna Corp Volatility | Backtest Cigna Corp | Trend Details |
Cigna Corp Trading Date Momentum
| On April 30 2024 Cigna Corp was traded for 355.58 at the closing time. The highest price during the trading period was 357.95 and the lowest recorded bid was listed for 355.58 . The volume for the day was 1.2 M. This history from April 30, 2024 contributed to the next trading day price growth. The overall trading delta to the next closing price was 0.17% . The overall trading delta to the current price is 3.53% . |
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
| Compare Cigna Corp to competition |
Other Forecasting Options for Cigna Corp
For every potential investor in Cigna, whether a beginner or expert, Cigna Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Cigna Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Cigna. Basic forecasting techniques help filter out the noise by identifying Cigna Corp's price trends.Cigna Corp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cigna Corp stock to make a market-neutral strategy. Peer analysis of Cigna Corp could also be used in its relative valuation, which is a method of valuing Cigna Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Cigna Corp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Cigna Corp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Cigna Corp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Cigna Corp Market Strength Events
Market strength indicators help investors to evaluate how Cigna Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cigna Corp shares will generate the highest return on investment. By undertsting and applying Cigna Corp stock market strength indicators, traders can identify Cigna Corp entry and exit signals to maximize returns.
| Accumulation Distribution | 10293.61 | |||
| Daily Balance Of Power | (0.18) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 337.72 | |||
| Day Typical Price | 337.79 | |||
| Price Action Indicator | (0.13) | |||
| Period Momentum Indicator | (0.71) |
Cigna Corp Risk Indicators
The analysis of Cigna Corp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Cigna Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting cigna stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.6456 | |||
| Standard Deviation | 0.9734 | |||
| Variance | 0.9474 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Currently Active Assets on Macroaxis
| CART | Maplebear Common Stock | |
| OPK | Opko Health | |
| AVAI | Avant Technologies | |
| VEOEY | Veolia Environnement SA | |
| GOOG | Alphabet Inc Class C |
Additional Information and Resources on Investing in Cigna Stock
When determining whether Cigna Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cigna Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cigna Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cigna Corp Stock:Check out Historical Fundamental Analysis of Cigna Corp to cross-verify your projections. 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Health Care Providers & Services space 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 5.09 | Earnings Share 12.19 | Revenue Per Share 700.13 | Quarterly Revenue Growth 0.193 |
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.