CIGNA P 325 Market Value
| 125509BU2 | 96.80 2.33 2.35% |
| Symbol | CIGNA |
CIGNA 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to CIGNA's bond what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of CIGNA.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in CIGNA on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding CIGNA P 325 or generate 0.0% return on investment in CIGNA over 540 days. CIGNA is related to or competes with NH Foods, PennantPark Investment, Bank of America, AMCON Distributing, Fidus Investment, Beyond Meat, and Aegon NV. More
CIGNA Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure CIGNA's bond current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess CIGNA P 325 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 6.23 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.5587 |
CIGNA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for CIGNA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as CIGNA's standard deviation. In reality, there are many statistical measures that can use CIGNA historical prices to predict the future CIGNA's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 1.18 |
CIGNA P 325 Backtested Returns
CIGNA P 325 secures Sharpe Ratio (or Efficiency) of -0.0912, which signifies that the bond had a -0.0912% return per unit of return volatility over the last 3 months. CIGNA P 325 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm CIGNA's Coefficient Of Variation of (3,503), risk adjusted performance of (0.02), and Mean Deviation of 0.3234 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.0248, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning CIGNA are expected to decrease at a much lower rate. During the bear market, CIGNA is likely to outperform the market.
Auto-correlation | 0.44 |
Average predictability
CIGNA P 325 has average predictability. Overlapping area represents the amount of predictability between CIGNA time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 2024. 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 P 325 price movement. The serial correlation of 0.44 indicates that just about 44.0% of current CIGNA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
CIGNA P 325 lagged returns against current returns
Autocorrelation, which is CIGNA bond's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting CIGNA's bond expected returns. We can calculate the autocorrelation of CIGNA returns to help us make a trade decision. For example, suppose you find that CIGNA has exhibited high autocorrelation historically, and you observe that the bond is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
CIGNA regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If CIGNA bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if CIGNA bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in CIGNA bond over time.
Current vs Lagged Prices |
| Timeline |
CIGNA Lagged Returns
When evaluating CIGNA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of CIGNA bond have on its future price. CIGNA autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, CIGNA autocorrelation shows the relationship between CIGNA bond current value and its past values and can show if there is a momentum factor associated with investing in CIGNA P 325.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in CIGNA Bond
CIGNA financial ratios help investors to determine whether CIGNA Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CIGNA with respect to the benefits of owning CIGNA security.