Cigna Corp Stock Market Value
| CI Stock | USD 334.90 2.16 0.64% |
| Symbol | Cigna |
Cigna Corp Price To Book Ratio
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 10.55 | 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.
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.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Cigna Corp on November 4, 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, Elevance Health, UnitedHealth Group, Molina Healthcare, and Alignment Healthcare. 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.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 9.74 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 1.94 |
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 | (0.04) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.33) | |||
| Treynor Ratio | (0.18) |
Cigna Corp Backtested Returns
Cigna Corp secures Sharpe Ratio (or Efficiency) of -0.0475, which signifies that the company had a -0.0475% return per unit of risk over the last 3 months. Cigna Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cigna Corp's Standard Deviation of 1.68, mean deviation of 1.1, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.59, 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. At this point, Cigna Corp has a negative expected return of -0.0782%. Please make sure to confirm Cigna Corp's skewness, day typical price, and the relationship between the maximum drawdown and daily balance of power , to decide if Cigna Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.66 |
Good predictability
Cigna Corp has good predictability. Overlapping area represents the amount of predictability between Cigna Corp time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 0.66 indicates that around 66.0% of current Cigna Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 26.07 |
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 |
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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 |
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Currently Active Assets on Macroaxis
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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.