Cigna Corp Correlations

CI Stock

USD 279.12 3.89 1.41%

The current 90-days correlation between Cigna Corp and Elevance Health is 0.55 (i.e., Very weak diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Cigna Corp Correlation With Market

Modest diversification

The correlation between Cigna Corp and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cigna Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cigna Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cigna Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in Cigna Stock please use our How to Invest in Cigna Corp guide.

Moving together with Cigna Stock

0.73	LH	Laboratory	Pair Corr
0.81	UNH	UnitedHealth Group CDR	Pair Corr
0.72	DVA	DaVita HealthCare	Pair Corr
0.71	FMS	Fresenius Medical Care	Pair Corr
0.66	HIMS	Hims Hers Health	Pair Corr
0.68	OPT	Optima Health plc	Pair Corr

Moving against Cigna Stock

0.81	GH	Guardant Health	Pair Corr
0.8	CAH	Cardinal Health	Pair Corr
0.66	MCK	McKesson	Pair Corr
0.65	UHS	Universal Health Services	Pair Corr
0.64	HCA	HCA Holdings	Pair Corr
0.35	HQY	HealthEquity	Pair Corr
0.32	NPTH	NeuPath Health	Pair Corr
0.72	REG	Regis Healthcare	Pair Corr
0.63	OCA	Oceania Healthcare	Pair Corr
0.61	AHX	Apiam Animal Health	Pair Corr
0.57	HSIC	Henry Schein	Pair Corr
0.41	PRPO	Precipio	Pair Corr
0.39	DNTL	dentalcorp Holdings	Pair Corr
0.38	SIA	Sienna Senior Living	Pair Corr
0.33	DR	Medical Facilities	Pair Corr

Related Correlations Analysis

	ELV	COR	REGN	ZTS	HUM	IDXX	CVS	CNC	BDX	CAH
ELV		-0.54	-0.06	0.31	0.5	-0.39	0.28	0.47	0.59	-0.39	ELV
COR	-0.54		0.67	-0.74	-0.71	0.8	0.13	0.11	0.05	0.85	COR
REGN	-0.06	0.67		-0.76	-0.59	0.74	-0.04	0.69	0.58	0.9	REGN
ZTS	0.31	-0.74	-0.76		0.73	-0.78	0.19	-0.47	-0.37	-0.88	ZTS
HUM	0.5	-0.71	-0.59	0.73		-0.66	0.27	-0.18	-0.23	-0.72	HUM
IDXX	-0.39	0.8	0.74	-0.78	-0.66		-0.08	0.39	0.23	0.85	IDXX
CVS	0.28	0.13	-0.04	0.19	0.27	-0.08		-0.13	-0.03	-0.11	CVS
CNC	0.47	0.11	0.69	-0.47	-0.18	0.39	-0.13		0.71	0.48	CNC
BDX	0.59	0.05	0.58	-0.37	-0.23	0.23	-0.03	0.71		0.31	BDX
CAH	-0.39	0.85	0.9	-0.88	-0.72	0.85	-0.11	0.48	0.31		CAH
	ELV	COR	REGN	ZTS	HUM	IDXX	CVS	CNC	BDX	CAH

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CAH	+ 0.9	REGN
CAH	+ 0.85	COR
CAH	+ 0.85	IDXX
IDXX	+ 0.8	COR
IDXX	+ 0.74	REGN
HUM	+ 0.73	ZTS

High negative correlations

CAH	- 0.88	ZTS
IDXX	- 0.78	ZTS
ZTS	- 0.76	REGN
ZTS	- 0.74	COR
CAH	- 0.72	HUM
HUM	- 0.71	COR

Risk-Adjusted Indicators

There is a big difference between Cigna Stock performing well and Cigna Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cigna Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ELV	1.34	0.09	0.06	0.14	1.42	(1.58)	3.40	(2.51)	8.06
COR	0.86	0.12	0.05	(58.18)	1.24	(0.86)	1.76	(2.39)	7.13
REGN	1.65	0.47	0.29	0.78	1.16	(2.12)	4.86	(2.47)	15.67
ZTS	1.14	(0.26)	0.00	(0.23)	0.00	0.00	1.96	(2.04)	14.87
HUM	2.09	(0.03)	0.00	0.04	2.76	(2.10)	3.99	(5.22)	16.60
IDXX	1.27	0.04	0.02	0.11	1.30	(1.54)	3.61	(2.82)	18.02
CVS	1.09	0.07	0.03	0.19	1.48	(1.11)	2.33	(1.87)	6.82
CNC	2.06	0.21	0.07	0.23	2.63	(2.16)	4.67	(4.61)	21.32
BDX	0.96	0.02	0.01	0.07	0.97	(1.04)	2.14	(1.52)	6.92
CAH	0.98	0.43	0.35	(7.67)	0.55	(1.19)	2.05	(1.64)	18.07

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC