Cigna Backtesting

Cigna Corporation -- USA Stock  

USD 188.22  3.2  1.67%

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
Investment Horizon     30 Days    Login   to change
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Backtest

Cigna 'What if' Analysis

September 22, 2017
 0.00 
No Change 0.00  0.0%
In 31 days
October 22, 2017
 0.00 
If you would invest  0.00  in Cigna on September 22, 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 
      Timeline 

Cigna regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Cigna Backtested Returns

Macroaxis considers Cigna not too risky given 1 month investment horizon. Cigna secures Sharpe Ratio (or Efficiency) of 0.2565 which signifies that Cigna had 0.2565% 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 0.6199, Risk Adjusted Performance of 0.0796 and Mean Deviation of 0.7304 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Cigna holds performance score of 17. The firm shows Beta (market volatility) of 1.5802 which signifies that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Cigna will likely underperform.. Although it is extremely important to respect Cigna historical returns, it is better to be realistic regarding the information on equity current trending patternss. 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 0.2249% 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 0.33 

Below average predictability

Cigna Corporation has below average predictability. Overlapping area represents the amount of predictability between Cigna time series from September 22, 2017 to October 7, 2017 and October 7, 2017 to October 22, 2017. 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 0.33 indicates that nearly 33.0% of current Cigna price fluctuation can be explain by its past prices.
Correlation Coefficient 0.33
Spearman Rank Test 0.2
Price Variance 2.98
Lagged Price Variance 12.33

Cigna Lagged Returns

 Regressed Prices 
      Timeline 

Cigna Performance vs DOW

The median price of Cigna for the period between Fri, Sep 22, 2017 and Sun, Oct 22, 2017 is 187.2 with a coefficient of variation of 1.64. The daily time series for the period is distributed with a sample standard deviation of 3.07, arithmetic mean of 187.28, and mean deviation of 2.43. The Stock received some media coverage during the period.
Price Growth (%)  
      Timeline 
1
Taking a Look at the Data Behind Cigna Corporation09/29/2017
2
What Recent Ownership Trends Suggest About Cigna Corporation...10/20/2017