Cigna Financial Ratios Analysis
CI Stock | USD 352.28 0.37 0.10% |
Cigna |
Most ratios from Cigna Corp's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios 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 fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Cigna Corp Valuation and Cigna Corp Correlation analysis. 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 Free Cash Flow Yield is decreasing as compared to previous years. The Cigna Corp's current Invested Capital is estimated to increase to 0.70, while PTB Ratio is projected to decrease to 1.42.
2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0173 | 0.0135 | 0.0287 | Price To Sales Ratio | 0.45 | 0.57 | 0.48 |
Cigna Corp fundamentals Correlations
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Cigna Corp Account Relationship Matchups
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Cigna Corp fundamentals Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Price To Sales Ratio | 0.96 | 0.5 | 0.47 | 0.45 | 0.57 | 0.48 | |
Dividend Yield | 0.008859 | 0.0648 | 0.0173 | 0.0135 | 0.0165 | 0.0287 | |
Ptb Ratio | 1.7 | 1.51 | 1.65 | 2.29 | 1.9 | 1.42 | |
Book Value Per Share | 120.61 | 137.87 | 139.4 | 144.96 | 157.28 | 165.14 | |
Free Cash Flow Yield | 0.073 | 0.0692 | 0.11 | 0.12 | 0.0778 | 0.0718 | |
Invested Capital | 0.83 | 0.65 | 0.71 | 0.69 | 0.67 | 0.7 | |
Pb Ratio | 1.7 | 1.51 | 1.65 | 2.29 | 1.9 | 1.42 | |
Roic | (0.91) | 0.0818 | 0.0825 | 0.1 | 0.0652 | 0.0866 | |
Inventory Turnover | 11.58 | 10.33 | 9.02 | 6.74 | 6.43 | 9.88 | |
Net Income Per Share | 13.58 | 23.17 | 15.89 | 21.66 | 17.57 | 18.45 | |
Payables Turnover | 1.98 | 1.74 | 5.04 | 4.14 | 4.24 | 2.53 | |
Capex To Revenue | (0.00683) | (0.006813) | (0.006622) | (0.007169) | (0.008059) | (0.008462) | |
Cash Per Share | 14.78 | 31.54 | 17.76 | 22.06 | 29.76 | 39.9 | |
Pocfratio | 8.1 | 7.34 | 10.79 | 11.85 | 7.45 | 8.43 | |
Interest Coverage | (57.4) | 6.06 | 6.91 | 7.74 | 3.57 | 2.46 | |
Payout Ratio | 0.13 | 0.58 | 0.25 | 0.21 | 0.28 | 0.42 | |
Pfcf Ratio | 9.11 | 8.21 | 12.86 | 13.93 | 8.59 | 11.22 | |
Income Quality | 1.85 | 1.22 | 1.33 | 1.28 | 2.29 | 1.84 | |
Pe Ratio | 15.06 | 8.98 | 14.45 | 15.3 | 17.04 | 9.53 | |
Ev To Free Cash Flow | 13.0 | 10.67 | 17.59 | 17.35 | 10.9 | 12.52 | |
Current Ratio | 1.01 | 1.3 | 2.84 | 2.67 | 0.77 | 0.73 | |
Receivables Turnover | 9.72 | 9.23 | 8.67 | 8.23 | 8.24 | 8.66 | |
Graham Number | 191.95 | 268.12 | 223.24 | 265.78 | 249.36 | 261.83 |
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
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Moving against Cigna Stock
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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 Cigna Corp Valuation and Cigna Corp Correlation analysis. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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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.