Cigna Corp Correlations
| CI Stock | USD 337.80 1.30 0.39% |
The current 90-days correlation between Cigna Corp and Elevance Health is 0.4 (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 0.27 (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.
Cigna |
Moving together with Cigna Stock
| 0.64 | EKSO | Ekso Bionics Holdings | PairCorr |
| 0.73 | ELAB | Elevai Labs, Common | PairCorr |
| 0.72 | AGL | agilon health | PairCorr |
| 0.65 | BAX | Baxter International | PairCorr |
Moving against Cigna Stock
| 0.82 | ECOR | Electrocore LLC | PairCorr |
| 0.72 | MD | Mednax Inc | PairCorr |
| 0.57 | VREX | Varex Imaging Corp | PairCorr |
| 0.43 | DXCM | DexCom Inc Sell-off Trend | PairCorr |
| 0.41 | DOCS | Doximity | PairCorr |
| 0.37 | LH | Laboratory | PairCorr |
| 0.33 | OM | Outset Medical | PairCorr |
| 0.62 | ELMD | Electromed | PairCorr |
| 0.5 | EUDA | EUDA Health Holdings | PairCorr |
| 0.47 | XAIR | Beyond Air | PairCorr |
| 0.33 | AMS | American Shared Hospital | PairCorr |
| 0.66 | BVS | Bioventus | PairCorr |
| 0.5 | BSX | Boston Scientific Corp Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.02 | 0.97 | 0.8 | 0.59 | -0.61 | 0.21 | ELV | ||
| 0.02 | -0.05 | 0.0 | 0.3 | 0.2 | 0.05 | UNH | ||
| 0.97 | -0.05 | 0.84 | 0.48 | -0.55 | 0.3 | CNC | ||
| 0.8 | 0.0 | 0.84 | 0.41 | -0.19 | 0.05 | MOH | ||
| 0.59 | 0.3 | 0.48 | 0.41 | -0.44 | -0.38 | HUM | ||
| -0.61 | 0.2 | -0.55 | -0.19 | -0.44 | -0.05 | ALHC | ||
| 0.21 | 0.05 | 0.3 | 0.05 | -0.38 | -0.05 | CVS | ||
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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
| High negative correlations
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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 | 1.24 | (0.55) | 0.00 | (0.57) | 0.00 | 1.97 | 13.29 | |||
| UNH | 1.06 | (0.06) | (0.03) | 0.07 | 1.76 | 2.53 | 9.77 | |||
| CNC | 1.72 | (0.40) | 0.00 | (2.54) | 0.00 | 2.38 | 12.57 | |||
| MOH | 2.01 | (0.22) | 0.00 | (3.27) | 0.00 | 3.52 | 21.48 | |||
| HUM | 2.09 | (0.42) | 0.00 | (0.13) | 0.00 | 3.69 | 14.35 | |||
| ALHC | 3.41 | 0.48 | 0.12 | 0.50 | 3.66 | 8.66 | 34.84 | |||
| CVS | 1.71 | (0.09) | (0.01) | 0.07 | 2.38 | 3.57 | 18.70 |