Centene Corp Stock Alpha and Beta Analysis
| CNC Stock | USD 75.15 1.40 1.90% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Centene Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Centene Corp over a specified time horizon. Remember, high Centene Corp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Centene Corp's market risk premium analysis include:
Beta 0.67 | Alpha (0.14) | Risk 1.45 | Sharpe Ratio (0.01) | Expected Return (0.02) |
Centene Corp Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Centene |
Centene Corp Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Centene Corp market risk premium is the additional return an investor will receive from holding Centene Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Centene Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Centene Corp's performance over market.| α | -0.14 | β | 0.67 |
Centene Corp expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Centene Corp's Buy-and-hold return. Our buy-and-hold chart shows how Centene Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Centene Corp Market Price Analysis
Market price analysis indicators help investors to evaluate how Centene Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Centene Corp shares will generate the highest return on investment. By understating and applying Centene Corp stock market price indicators, traders can identify Centene Corp position entry and exit signals to maximize returns.
Centene Corp Return and Market Media
The median price of Centene Corp for the period between Sat, Jan 20, 2024 and Fri, Apr 19, 2024 is 76.75 with a coefficient of variation of 3.28. The daily time series for the period is distributed with a sample standard deviation of 2.5, arithmetic mean of 76.2, and mean deviation of 2.14. The Stock received a lot of media exposure during the period. Price Growth (%) |
| Timeline |
1 | Centene Up 3.6 percent Since Last Earnings Report Can It Continue | 03/07/2024 |
2 | DELAWARE FIRST HEALTH DONATES 15,000 FOR DOULAS TO BE CREDENTIALED IN DELAWARE | 03/14/2024 |
3 | Health Net Collaborates with Canary Health to offer Free Online Caregiver Support Program | 03/27/2024 |
4 | Acquisition by Kenneth Burdick of 388 shares of Centene Corp subject to Rule 16b-3 | 03/28/2024 |
5 | Vanguard Group buys Centene Corp.s University City office campus in move to consolidate in Charlotte | 04/02/2024 |
6 | Centenes charitable giving plummets in St. Louis | 04/05/2024 |
7 | Heres Why Centene is a Strong Value Stock | 04/08/2024 |
8 | Centene unit Meridian in Michigan receives awarded Michigan Medicaid contracts | 04/09/2024 |
9 | VillageMD Welcomes Jim Murray as President Chief Operating Officer | 04/10/2024 |
10 | VillageMD taps new COO amid clinic closures | 04/11/2024 |
11 | See How Floridas Much Awaited Medicaid Re-Procurement Awards Impact Centene, Humana, Molina | 04/15/2024 |
12 | UnitedHealth Surges 5 percent Q1 Earnings Triumph Amid Challenges | 04/16/2024 |
13 | MEVIY, AN AI-DRIVEN PLATFORM FOR PARTS PROCUREMENT, ANNOUNCES THE AVAILABILITY OF GEOMETRIC TOLERANCING FOR CNC TURNING PARTS | 04/18/2024 |
About Centene Corp Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Centene or other stocks. Alpha measures the amount that position in Centene Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.002183 | 0.00251 | 0.002384 | Price To Sales Ratio | 0.33 | 0.26 | 0.42 |
Centene Corp Upcoming Company Events
As portrayed in its financial statements, the presentation of Centene Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Centene Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Centene Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Centene Corp. Please utilize our Beneish M Score to check the likelihood of Centene Corp's management manipulating its earnings.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 23rd of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Centene Corp
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Centene Corp Backtesting, Centene Corp Valuation, Centene Corp Correlation, Centene Corp Hype Analysis, Centene Corp Volatility, Centene Corp History and analyze Centene Corp Performance. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Centene Stock analysis
When running Centene Corp's price analysis, check to measure Centene 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 Centene Corp is operating at the current time. Most of Centene Corp's value examination focuses on studying past and present price action to predict the probability of Centene 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 Centene Corp's price. Additionally, you may evaluate how the addition of Centene Corp to your portfolios can decrease your overall portfolio volatility.
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Centene Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.