Cigna Corp Stock Technical Analysis
| CI Stock | USD 348.90 0.94 0.27% |
As of the 16th of April 2024, Cigna Corp shows the Downside Deviation of 0.8993, mean deviation of 0.7068, and Risk Adjusted Performance of 0.1227. Cigna Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Cigna Corp, which can be compared to its peers. Please confirm Cigna Corp coefficient of variation, maximum drawdown, skewness, as well as the relationship between the information ratio and downside variance to decide if Cigna Corp is priced correctly, providing market reflects its regular price of 348.9 per share. Given that Cigna Corp has jensen alpha of 0.1777, we suggest you to validate Cigna Corp's prevailing market performance to make sure the company can sustain itself at a future point.
Cigna Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cigna, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CignaCigna |
Cigna Corp Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 332.86 | Strong Buy | 23 | Odds |
Most Cigna analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Cigna stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cigna Corp, talking to its executives and customers, or listening to Cigna conference calls.
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.
Cigna Corp Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Cigna Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Cigna Corp Trend Analysis
Use this graph to draw trend lines for Cigna Corp. You can use it to identify possible trend reversals for Cigna Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Cigna Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Cigna Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Cigna Corp applied against its price change over selected period. The best fit line has a slop of 1.00 , which suggests that Cigna Corp will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 37442.75, which is the sum of squared deviations for the predicted Cigna Corp price change compared to its average price change.About Cigna Corp Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Cigna Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Cigna Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cigna Corp price pattern first instead of the macroeconomic environment surrounding Cigna Corp. By analyzing Cigna Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Cigna Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Cigna Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0173 | 0.0135 | 0.0287 | Price To Sales Ratio | 0.45 | 0.57 | 0.48 |
Cigna Corp April 16, 2024 Technical Indicators
Most technical analysis of Cigna help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Cigna from various momentum indicators to cycle indicators. When you analyze Cigna charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.1227 | |||
| Market Risk Adjusted Performance | 0.701 | |||
| Mean Deviation | 0.7068 | |||
| Semi Deviation | 0.611 | |||
| Downside Deviation | 0.8993 | |||
| Coefficient Of Variation | 528.79 | |||
| Standard Deviation | 1.07 | |||
| Variance | 1.15 | |||
| Information Ratio | 0.1305 | |||
| Jensen Alpha | 0.1777 | |||
| Total Risk Alpha | 0.1024 | |||
| Sortino Ratio | 0.1553 | |||
| Treynor Ratio | 0.691 | |||
| Maximum Drawdown | 7.02 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.97 | |||
| Downside Variance | 0.8087 | |||
| Semi Variance | 0.3733 | |||
| Expected Short fall | (0.78) | |||
| Skewness | 1.55 | |||
| Kurtosis | 7.78 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cigna Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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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Is Cigna Corp's industry 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 4.92 | Earnings Share 17.38 | Revenue Per Share 664.145 | Quarterly Revenue Growth 0.116 |
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.