Cigna Backtesting

Cigna Corporation -- USA Stock  

USD 220.36  0.21  0.0954%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Cigna Corporation and determine expected loss or profit from investing in Cigna over given investment horizon. Check also Cigna Hype Analysis, Cigna Correlation, Cigna Valuation, Cigna Volatility as well as analyze Cigna Alpha and Beta and Cigna Performance
 Time Horizon     30 Days    Login   to change

Cigna 'What if' Analysis

December 21, 2017
No Change 0.00  0.0%
In 31 days
January 20, 2018
If you would invest  0.00  in Cigna on December 21, 2017 and sell it all today you would earn a total of 0.00 from holding Cigna Corporation or generate 0.0% return on investment in Cigna over 30 days. Cigna is related to or competes with American Equity, Aetna, Aflac Incorporated, CNO Financial, and Humana. It operates through three segments Global Health Care, Global Supplemental Benefits, and Group Disability and Life

Cigna Upside/Downside Indicators


Cigna Market Premium Indicators

Cigna lagged returns against current returns

 Current and Lagged Values 

Cigna regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Cigna Backtested Returns

Macroaxis considers Cigna not too risky given 1 month investment horizon. Cigna secures Sharpe Ratio (or Efficiency) of 0.3742 which signifies that Cigna had 0.3742% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Cigna Corporation which you can use to evaluate future volatility of the firm. Please makes use of Cigna Downside Deviation of 0.6774, Risk Adjusted Performance of 0.137 and Mean Deviation of 0.833 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Cigna holds performance score of 24. The firm shows Beta (market volatility) of 0.079 which signifies that as returns on market increase, Cigna returns are expected to increase less than the market. However during bear market, the loss on holding Cigna will be expected to be smaller as well.. Although it is vital to follow to Cigna historical returns, it is good to be conservative about what you can actually do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By analyzing Cigna technical indicators you can presently evaluate if the expected return of 0.3935% will be sustainable into the future. Please makes use of Cigna Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Information Ratio and Downside Variance to make a quick decision on weather Cigna price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.72 

Good predictability

Cigna Corporation has good predictability. Overlapping area represents the amount of predictability between Cigna time series from December 21, 2017 to January 5, 2018 and January 5, 2018 to January 20, 2018. 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 price movement. The serial correlation of 0.72 indicates that around 72.0% of current Cigna price fluctuation can be explain by its past prices.
Correlation Coefficient 0.72
Spearman Rank Test 0.6
Price Variance 24.66
Lagged Price Variance 5.5

Cigna Lagged Returns

 Regressed Prices 

Cigna Performance vs DOW

The median price of Cigna for the period between Thu, Dec 21, 2017 and Sat, Jan 20, 2018 is 207.09 with a coefficient of variation of 2.71. The daily time series for the period is distributed with a sample standard deviation of 5.65, arithmetic mean of 208.67, and mean deviation of 4.46. The Stock received some media coverage during the period.
Price Growth (%)  
Payment of 412 shares by Hoeltzel Mary T of Cigna subject to...12/27/2017
Is This Just A Random Move Cigna Corporation , Fidelity Nati...01/18/2018