Centene Corp Stock Price on November 21, 2019
CNC Stock | USD 75.84 0.26 0.34% |
Below is the normalized historical share price chart for Centene Corp extending back to December 13, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Centene Corp stands at 75.84, as last reported on the 24th of April, with the highest price reaching 76.44 and the lowest price hitting 75.49 during the day.
If you're considering investing in Centene Stock, it is important to understand the factors that can impact its price. We consider Centene Corp very steady. Centene Corp secures Sharpe Ratio (or Efficiency) of 0.0415, which signifies that the company had a 0.0415% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Centene Corp, which you can use to evaluate the volatility of the firm. Please confirm Centene Corp's Risk Adjusted Performance of 0.0021, standard deviation of 1.5, and Mean Deviation of 1.04 to double-check if the risk estimate we provide is consistent with the expected return of 0.0598%.
At present, Centene Corp's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 15.2 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 293.9 M. . At present, Centene Corp's Price Book Value Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price Earnings To Growth Ratio is expected to grow to 0.11, whereas Price Earnings Ratio is forecasted to decline to 14.18. Centene Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 13th of December 2001 | 200 Day MA 72.0288 | 50 Day MA 76.4944 | Beta 0.391 |
Centene |
Sharpe Ratio = 0.0415
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Cash | Small Risk | CNC | High Risk | Huge Risk |
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Estimated Market Risk
1.44 actual daily | 12 88% of assets are more volatile |
Expected Return
0.06 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Centene Corp is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Centene Corp by adding it to a well-diversified portfolio.
Price Book 1.4642 | Enterprise Value Ebitda 6.5988 | Price Sales 0.2678 | Shares Float 532.5 M | Wall Street Target Price 90 |
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.
About Centene Corp Stock history
Centene Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Centene is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Centene Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Centene Corp stock prices may prove useful in developing a viable investing in Centene Corp
Last Reported | Projected for Next Year | ||
Common Stock Shares Outstanding | 545.7 M | 293.9 M | |
Net Income Applicable To Common Shares | 1.4 B | 1.5 B |
Centene Corp Quarterly Net Working Capital |
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Centene Corp Stock Technical Analysis
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.
Price Boundaries
Centene Corp Period Price Range
Centene Corp April 24, 2024 Market Strength
Market strength 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 undertsting and applying Centene Corp stock market strength indicators, traders can identify Centene Corp entry and exit signals to maximize returns
Accumulation Distribution | 20575.06 | |||
Daily Balance Of Power | 0.2737 | |||
Rate Of Daily Change | 1.0 | |||
Day Median Price | 75.97 | |||
Day Typical Price | 75.92 | |||
Price Action Indicator | 0.005 | |||
Period Momentum Indicator | 0.26 |
Centene Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Centene Corp's price direction in advance. Along with the technical and fundamental analysis of Centene Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Centene to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0021 | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.21) | |||
Treynor Ratio | (0.03) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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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.