Centene Competitors
| CNC Stock | USD 73.75 1.75 2.43% |
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Centene Corp competition on your existing holdings.
Centene |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Centene Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Centene Corp Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Centene Corp and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Centene and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Centene Corp does not affect the price movement of the other competitor.
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High positive correlations
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Risk-Adjusted Indicators
There is a big difference between Centene Stock performing well and Centene 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 Centene 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CERT | 2.02 | (0.08) | (0.01) | 0.02 | 2.26 | 3.83 | 14.25 | |||
| HSTM | 1.00 | (0.23) | 0.00 | (0.22) | 0.00 | 1.56 | 4.67 | |||
| HQY | 1.09 | 0.11 | 0.05 | 0.33 | 1.16 | 2.43 | 6.23 | |||
| EVH | 1.49 | (0.14) | 0.00 | (0.04) | 0.00 | 2.38 | 19.46 | |||
| STRM | 5.29 | (0.08) | (0.01) | (0.01) | 5.16 | 16.28 | 44.75 | |||
| DH | 2.51 | (0.51) | 0.00 | (0.15) | 0.00 | 5.45 | 13.17 | |||
| SLP | 2.24 | 0.20 | 0.08 | 0.20 | 2.55 | 5.10 | 29.29 | |||
| AGTI | 1.90 | 0.58 | 0.27 | 0.60 | 1.39 | 3.89 | 29.56 |
Cross Equities Net Income Analysis
Compare Centene Corp and related stocks such as Certara, HealthStream, and HealthEquity Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CERT | (33.3 M) | (33.3 M) | (33.3 M) | (33.3 M) | (33.3 M) | (33.3 M) | (33.3 M) | (33.3 M) | (33.3 M) | (8.9 M) | (49.4 M) | (13.3 M) | 14.7 M | (55.4 M) | (52.6 M) |
| HSTM | (4.5 M) | 6.9 M | 7.6 M | 8.4 M | 10.4 M | 8.6 M | 3.8 M | 10 M | 32.2 M | 15.8 M | 14.1 M | 5.8 M | 12.1 M | 15.2 M | 16 M |
| HQY | 11.2 M | 11.2 M | 11.2 M | 1.2 M | 10.2 M | 16.6 M | 26.4 M | 47.4 M | 73.9 M | 39.7 M | 8.8 M | (44.3 M) | (26.1 M) | 55.7 M | 58.5 M |
| EVH | 20 M | 20 M | 20 M | 20 M | (25.2 M) | 332.5 M | (159.7 M) | (60.7 M) | (52.7 M) | (305.6 M) | (334.2 M) | (30.3 M) | (18.7 M) | (113 M) | (107.4 M) |
| STRM | (300 K) | 12.6 K | (5.4 M) | (11.7 M) | (12 M) | (4.3 M) | (5.2 M) | (3.1 M) | (5.9 M) | (2.9 M) | (4.8 M) | (6.9 M) | (11.4 M) | (10.2 M) | (9.7 M) |
| DH | (36.4 M) | (36.4 M) | (36.4 M) | (36.4 M) | (36.4 M) | (36.4 M) | (36.4 M) | (36.4 M) | (36.4 M) | (36.4 M) | (87.6 M) | (61.3 M) | (22.3 M) | (202.4 M) | (192.3 M) |
| SLP | 3.8 M | 3.8 M | 3.8 M | 3.8 M | 3.8 M | 3.8 M | 5.8 M | 8.9 M | 8.6 M | 9.3 M | 9.8 M | 12.5 M | 10 M | 11.5 M | 12 M |
| AGTI | (31.9 M) | (31.9 M) | (31.9 M) | (31.9 M) | (31.9 M) | (31.9 M) | (31.9 M) | (31.9 M) | (31.9 M) | (31.2 M) | (22.2 M) | 24 M | 30.2 M | (19.4 M) | (18.5 M) |
Centene Corp and related stocks such as Certara, HealthStream, and HealthEquity Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Centene Corp financial statement analysis. It represents the amount of money remaining after all of Centene Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Centene Corp Competitive Analysis
The better you understand Centene Corp competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Centene Corp's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Centene Corp's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Centene Corp Competition Performance Charts
Five steps to successful analysis of Centene Corp Competition
Centene Corp's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Centene Corp in relation to its competition. Centene Corp's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Centene Corp in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Centene Corp's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Centene Corp, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Centene Corp Correlation with its peers. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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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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Is Centene Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.32) | Earnings Share 4.95 | Revenue Per Share 260.006 | Quarterly Revenue Growth 0.056 | Return On Assets 0.037 |
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centene Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.