Cigna Invested Capital vs Dividend Yield Analysis
CI Stock | USD 357.18 0.14 0.04% |
Cigna Corp financial indicator trend analysis is way more than just evaluating Cigna Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cigna Corp is a good investment. Please check the relationship between Cigna Corp Invested Capital and its Dividend Yield accounts. 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.
Invested Capital vs Dividend Yield
Invested Capital vs Dividend Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cigna Corp Invested Capital account and Dividend Yield. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Cigna Corp's Invested Capital and Dividend Yield is -0.4. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of Cigna Corp, assuming nothing else is changed. The correlation between historical values of Cigna Corp's Invested Capital and Dividend Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Cigna Corp are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Invested Capital i.e., Cigna Corp's Invested Capital and Dividend Yield go up and down completely randomly.
Correlation Coefficient | -0.4 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Cigna Corp. There are two different methods for calculating Cigna Corp invested capital: operating approach and financing approach. Understanding Cigna Corp invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Dividend Yield
Dividend Yield is Cigna Corp dividend as a percentage of Cigna Corp stock price. Cigna Corp dividend yield is a measure of Cigna Corp stock productivity, which can be interpreted as interest rate earned on an Cigna Corp investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Most indicators from Cigna Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cigna Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.As of now, Cigna Corp's Enterprise Value Multiple is increasing as compared to previous years. The Cigna Corp's current Enterprise Value is estimated to increase to about 120.7 B, while Selling General Administrative is projected to decrease to under 10.2 B.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 140.7B | 148.4B | 158.9B | 166.8B | Total Revenue | 174.3B | 180.6B | 195.2B | 204.9B |
Cigna Corp fundamental ratios Correlations
Click cells to compare fundamentals
Cigna Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cigna Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 155.8B | 155.5B | 154.9B | 143.9B | 147.9B | 89.0B | |
Short Long Term Debt Total | 37.4B | 32.9B | 33.7B | 31.1B | 31.5B | 33.1B | |
Total Stockholder Equity | 45.3B | 50.3B | 47.1B | 44.9B | 46.2B | 48.5B | |
Net Debt | 32.8B | 22.7B | 28.6B | 25.2B | 23.7B | 24.8B | |
Retained Earnings | 20.2B | 28.6B | 32.6B | 37.9B | 41.7B | 43.7B | |
Other Assets | 47.9B | 41.2B | 44.0B | 32.2B | 37.0B | 23.6B | |
Common Stock Shares Outstanding | 379.8M | 368.4M | 341.0M | 313.1M | 296.9M | 365.5M | |
Liabilities And Stockholders Equity | 155.8B | 155.5B | 154.9B | 143.9B | 147.9B | 89.0B | |
Non Current Liabilities Total | 41.3B | 38.5B | 39.5B | 10.8B | 52.9B | 55.5B | |
Other Stockholder Equity | 26.1B | 22.6B | 15.4B | 8.4B | 6.4B | 6.8B | |
Total Liab | 110.4B | 105.1B | 107.7B | 99.0B | 101.6B | 74.9B | |
Total Current Liabilities | 21.1B | 22.2B | 9.2B | 10.8B | 48.7B | 51.2B | |
Property Plant And Equipment Net | 4.4B | 4.2B | 4.0B | 3.8B | 4.1B | 4.3B | |
Non Current Assets Total | 86.5B | 85.4B | 84.8B | 83.0B | 110.6B | 116.1B | |
Non Currrent Assets Other | (1.3B) | (1.3B) | (1.7B) | (1.1B) | (10.4B) | (10.9B) | |
Cash And Short Term Investments | 5.6B | 11.5B | 6.0B | 6.8B | 8.7B | 14.4B | |
Net Receivables | 15.8B | 17.4B | 20.1B | 22.0B | 23.7B | 24.9B | |
Short Term Investments | 937M | 1.3B | 920M | 905M | 925M | 878.8M | |
Other Current Assets | 11.8B | 2.3B | 12.3B | 2.2B | 37.4B | 27.7B | |
Property Plant And Equipment Gross | 1.6B | 4.6B | 4.4B | 4.2B | 4.8B | 5.1B | |
Total Current Assets | 21.4B | 28.9B | 26.1B | 28.8B | 37.4B | 48.7B | |
Short Term Debt | 5.5B | 3.4B | 2.5B | 3.0B | 2.9B | 3.0B | |
Intangible Assets | 36.6B | 35.2B | 34.1B | 32.5B | 30.9B | 32.4B | |
Accounts Payable | 15.5B | 18.8B | 6.7B | 7.8B | 8.6B | 8.5B | |
Cash | 4.6B | 10.2B | 5.1B | 5.9B | 7.8B | 8.2B | |
Good Will | 44.5B | 44.6B | 44.6B | 45.8B | 44.3B | 46.5B | |
Accumulated Other Comprehensive Income | (941M) | (861M) | (884M) | (1.4B) | (1.9B) | (1.8B) | |
Other Liab | 37.9B | 39.5B | 33.0B | 29.3B | 26.4B | 29.0B | |
Long Term Debt | 31.8B | 29.5B | 31.1B | 28.0B | 28.2B | 29.6B | |
Treasury Stock | (2.2B) | (6.4B) | (14.2B) | (21.8B) | (19.7B) | (18.7B) | |
Property Plant Equipment | 5.0B | 4.2B | 3.7B | 4.1B | 4.8B | 5.0B | |
Retained Earnings Total Equity | 20.2B | 28.6B | 32.6B | 37.9B | 43.6B | 45.7B | |
Inventory | 2.7B | 3.2B | 3.7B | 4.8B | 5.6B | 5.9B | |
Deferred Long Term Liab | 9.4B | 8.9B | 8.3B | 7.8B | 8.9B | 9.4B | |
Other Current Liab | (21.1B) | (22.2B) | (9.2B) | (10.8B) | 37.3B | 39.1B | |
Net Tangible Assets | (35.8B) | (29.4B) | (32.8B) | (33.4B) | (30.0B) | (28.5B) |
Pair Trading with Cigna Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cigna Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cigna Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Cigna Stock
0.85 | OMI | Owens Minor Earnings Call Next Week | PairCorr |
Moving against Cigna Stock
0.83 | ZJYL | JIN MEDICAL INTERNATIONAL | PairCorr |
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0.69 | MHUA | Meihua International | PairCorr |
0.69 | CLOV | Clover Health Investments Financial Report 14th of May 2024 | PairCorr |
0.65 | INFU | InfuSystems Holdings | PairCorr |
The ability to find closely correlated positions to Cigna Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cigna Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cigna Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cigna Corp to buy it.
The correlation of Cigna Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cigna Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cigna Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cigna Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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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 17.39 | 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.