CIGNA's market value is the price at which a share of CIGNA trades on an exchange. It measures the collective expectations of CIGNA P 305 investors about the bond's future performance. With this module, you can estimate the performance of a buy and hold strategy of CIGNA P 305 and determine expected loss or profit from investing in CIGNA over a given investment horizon. Check out CIGNA Correlation, CIGNA Volatility and CIGNA Alpha and Beta module to complement your research on CIGNA.
Please note, there is a significant difference between CIGNA's value and its price as these two are different measures arrived at by different means. Investors typically determine if CIGNA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CIGNA'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 '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's bond 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.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CIGNA's bond 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 P 305 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIGNA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIGNA's standard deviation. In reality, there are many statistical measures that can use CIGNA historical prices to predict the future CIGNA's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as CIGNA. Your research has to be compared to or analyzed against CIGNA's peers to derive any actionable benefits. When done correctly, CIGNA's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in CIGNA P 305.
CIGNA P 305 Backtested Returns
CIGNA P 305 secures Sharpe Ratio (or Efficiency) of -0.0555, which signifies that the bond had a -0.0555% return per unit of return volatility over the last 3 months. CIGNA P 305 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CIGNA's Coefficient Of Variation of (7,416), mean deviation of 0.9234, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of 0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CIGNA's returns are expected to increase less than the market. However, during the bear market, the loss of holding CIGNA is expected to be smaller as well.
Auto-correlation
1.00
Perfect predictability
CIGNA P 305 has perfect predictability. Overlapping area represents the amount of predictability between CIGNA time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. 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 P 305 price movement. The serial correlation of 1.0 indicates that 100.0% of current CIGNA price fluctuation can be explain by its past prices.
Correlation Coefficient
1.0
Spearman Rank Test
1.0
Residual Average
0.0
Price Variance
0.0
CIGNA P 305 lagged returns against current returns
Autocorrelation, which is CIGNA bond'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's bond expected returns. We can calculate the autocorrelation of CIGNA returns to help us make a trade decision. For example, suppose you find that CIGNA has exhibited high autocorrelation historically, and you observe that the bond 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 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 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIGNA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIGNA bond over time.
Current vs Lagged Prices
Timeline
CIGNA Lagged Returns
When evaluating CIGNA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIGNA bond have on its future price. CIGNA 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 autocorrelation shows the relationship between CIGNA bond current value and its past values and can show if there is a momentum factor associated with investing in CIGNA P 305.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
CIGNA financial ratios help investors to determine whether CIGNA Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CIGNA with respect to the benefits of owning CIGNA security.