Macroaxis considers Cigna to be not too risky. Cigna
secures Sharpe Ratio (or Efficiency) of -0.1359 which signifies that Cigna
had -0.1359% of return per unit of risk over the last 2 months. Macroaxis philosophy towards foreseeing risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Cigna Corporation exposes twenty-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm Cigna Risk Adjusted Performance
of 0.18 and Mean Deviation of 1.26 to double-check risk estimate we provide. Macroaxis gives Cigna performance score of 0 on a scale of 0 to 100. The firm shows Beta (market volatility) of 0.4482 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.. Even though it is essential to pay attention to Cigna historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Cigna Corporation exposes twenty-eight different technical indicators which can help you to evaluate its performance. Cigna has expected return of -0.2947%. Please be advised to confirm Cigna Coefficient Of Variation, Maximum Drawdown, Skewness, as well as the relationship between Total Risk Alpha and Downside Variance to decide if Cigna past performance will be repeated at some point in the near future.
|15 days auto-correlation||(0.69) |
Very good reverse predictability
Cigna Corporation has very good reverse predictability. Overlapping area represents the amount of predictability between Cigna time series from February 24, 2018 to March 26, 2018 and March 26, 2018 to April 25, 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 -0.69 indicates that around 69.0% of current Cigna price fluctuation can be explain by its past prices. Given that Cigna Corporation has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Cigna for similar time interval.
|Correlation Coefficient|| -0.69|
|Spearman Rank Test|| -0.72|
|Price Variance|| 7.63|
|Lagged Price Variance|| 178.3|