Cigna Corporation shows Downside Deviation of 0.6199, Risk Adjusted Performance of 0.0796 and Mean Deviation of 0.7304. Cigna 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 future prices. In plain English 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 found nineteen technical drivers for Cigna Corporation which can be compared to its rivals. Please confirm Cigna Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Information Ratio and Downside Variance to decide if Cigna is priced correctly providing market reflects its regular price of 193.23 per share. Given that Cigna has Jensen Alpha of (0.070025), we suggest you validate Cigna Corporation prevailing market performance to make sure the company can sustain itself at future point.
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Cigna Trend AnalysisUse this graph to draw trend lines for Cigna Corporation. You can use it to identify possible trend reversals for Cigna 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 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Cigna Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Cigna Corporation applied against its price change over selected period. The best fit line has a slop of 0.002868 % which may indicate that the price for Cigna Corporation will continue to decline. It has 34 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Cigna price change compared to its average price change.
Cigna Corporation is rated third in mean deviation category among related companies. It is rated fourth in standard deviation category among related companies creating about 1.17 of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Cigna Corporation is roughly 1.17