Cigna Corp Stock Forecast - Simple Regression
| CI Stock | USD 294.03 17.34 5.57% |
The Simple Regression forecasted value of Cigna Corp on the next trading day is expected to be 312.53 with a mean absolute deviation of 9.79 and the sum of the absolute errors of 597.47. 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 |
Cigna Corp Simple Regression Price Forecast For the 14th of December 2024
Given 90 days horizon, the Simple Regression forecasted value of Cigna Corp on the next trading day is expected to be 312.53 with a mean absolute deviation of 9.79, mean absolute percentage error of 139.61, and the sum of the absolute errors of 597.47.Please note that although there have been many attempts to predict Cigna Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Cigna Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Cigna Corp Stock Forecast Pattern
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Cigna Corp Forecasted Value
In the context of forecasting Cigna Corp's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Cigna Corp's downside and upside margins for the forecasting period are 310.71 and 314.36, respectively. We have considered Cigna Corp's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Regression forecasting method's relative quality and the estimations of the prediction error of Cigna Corp stock data series using in forecasting. Note that when a statistical model is used to represent Cigna Corp stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 123.0494 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 9.7946 |
| MAPE | Mean absolute percentage error | 0.03 |
| SAE | Sum of the absolute errors | 597.4698 |
Predictive Modules for Cigna Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Cigna Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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 | ||
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| Overlap Studies | ||
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| 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 | 0.0523 | |||
| Daily Balance Of Power | (1.07) | |||
| Rate Of Daily Change | 0.94 | |||
| Day Median Price | 301.73 | |||
| Day Typical Price | 299.16 | |||
| Market Facilitation Index | 16.21 | |||
| Price Action Indicator | (16.37) | |||
| Period Momentum Indicator | (17.34) |
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 | 1.2 | |||
| Standard Deviation | 1.8 | |||
| Variance | 3.24 |
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
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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
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 (0.45) | Dividend Share 5.43 | Earnings Share 10.56 | Revenue Per Share 808.024 | Quarterly Revenue Growth 0.28 |
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.