Cigna Corp Stock Alpha and Beta Analysis

CI Stock  USD 363.19  0.15  0.04%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Cigna Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Cigna Corp over a specified time horizon. Remember, high Cigna Corp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Cigna Corp's market risk premium analysis include:
Beta
0.25
Alpha
0.27
Risk
1.16
Sharpe Ratio
0.23
Expected Return
0.27
Please note that although Cigna Corp alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Cigna Corp did 0.27  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Cigna Corp stock's relative risk over its benchmark. Cigna Corp has a beta of 0.25  . 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. The Cigna Corp's current Enterprise Value Multiple is estimated to increase to 22.70, while Price Book Value Ratio is projected to decrease to 1.43.

Cigna Corp Quarterly Cash And Equivalents

8.5 Billion

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Cigna Corp Backtesting, Cigna Corp Valuation, Cigna Corp Correlation, Cigna Corp Hype Analysis, Cigna Corp Volatility, Cigna Corp History and analyze Cigna Corp Performance.
For more detail on how to invest in Cigna Stock please use our How to Invest in Cigna Corp guide.

Cigna Corp Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Cigna Corp market risk premium is the additional return an investor will receive from holding Cigna Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Cigna Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Cigna Corp's performance over market.
α0.27   β0.25

Cigna Corp expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Cigna Corp's Buy-and-hold return. Our buy-and-hold chart shows how Cigna Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Cigna Corp Market Price Analysis

Market price analysis 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 understating and applying Cigna Corp stock market price indicators, traders can identify Cigna Corp position entry and exit signals to maximize returns.

Cigna Corp Return and Market Media

The median price of Cigna Corp for the period between Sat, Dec 30, 2023 and Fri, Mar 29, 2024 is 332.73 with a coefficient of variation of 6.42. The daily time series for the period is distributed with a sample standard deviation of 20.94, arithmetic mean of 325.95, and mean deviation of 18.94. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
       Timeline  
1
Synovus Financial Corp Sells 252 Shares of The Cigna Group
02/29/2024
2
Legal General Group Plc Reduces Stock Holdings in The Cigna Group
03/05/2024
3
CIT Reports 4Q23 and 2023 Results
03/14/2024
4
Inconsistent Insurance Coverage For Weight Loss Drugs - Novo Nordisks GLP-1s Face Hurdles Despite Health Benefits
03/18/2024
5
SP 500 Achieves a New Milestone Top 5 Non-Tech Picks
03/20/2024
 
Cigna Corp dividend paid on 21st of March 2024
03/21/2024
7
Cigna group CEO David Cordani sells over 14 million in company stock
03/25/2024
8
Disposition of 7761 shares by David Cordani of Cigna Corp at 139.22 subject to Rule 16b-3
03/26/2024
9
CI Global Asset Management Announces Estimated Reinvested Distributions in Connection with Fund Mergers
03/28/2024

About Cigna Corp Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Cigna or other stocks. Alpha measures the amount that position in Cigna Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2022 2024 (projected)
Dividend Yield0.01730.01240.0287
Price To Sales Ratio0.450.620.48

Cigna Corp Upcoming Company Events

As portrayed in its financial statements, the presentation of Cigna Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Cigna Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Cigna Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Cigna Corp. Please utilize our Beneish M Score to check the likelihood of Cigna Corp's management manipulating its earnings.
2nd of February 2024
Upcoming Quarterly Report
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3rd of May 2024
Next Financial Report
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31st of December 2023
Next Fiscal Quarter End
View
2nd of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

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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 Cigna Corp Backtesting, Cigna Corp Valuation, Cigna Corp Correlation, Cigna Corp Hype Analysis, Cigna Corp Volatility, Cigna Corp History and analyze Cigna Corp Performance.
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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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.
A focus of Cigna Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cigna Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...