Centene Corp Stock Performance
| CNC Stock | USD 75.15 1.40 1.90% |
The firm shows a Beta (market volatility) of 0.69, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Centene Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Centene Corp is expected to be smaller as well. Centene Corp right now shows a risk of 1.45%. Please confirm Centene Corp maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Centene Corp will be following its price patterns.
Risk-Adjusted Performance
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Over the last 90 days Centene Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Centene Corp is not utilizing all of its potentials. The newest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
Actual Historical Performance (%)
One Day Return 1.9 | Five Day Return (0.77) | Year To Date Return (2.19) | Ten Year Return 424.7 | All Time Return 5.1 K |
Last Split Factor 2:1 | Last Split Date 2019-02-07 |
1 | Centene Up 3.6 percent Since Last Earnings Report Can It Continue | 03/07/2024 |
2 | Terakeet Appoints Industry Veteran and Fortune 50 Adviser David Minifie as Chief Marketing Officer | 03/14/2024 |
3 | Sunflower Health Plan and Centene Foundation Announce 160,000 Grant to Hays Medical Center Foundation | 03/27/2024 |
4 | Acquisition by Kenneth Burdick of 388 shares of Centene Corp subject to Rule 16b-3 | 03/28/2024 |
5 | Vanguard pays 117M for sprawling out-of-state office campus | 04/03/2024 |
6 | Centene made deep cut in real estate footprint nationwide | 04/05/2024 |
7 | Heres Why Centene is a Strong Value Stock | 04/08/2024 |
8 | CENTENE SUBSIDIARY MERIDIAN IN MICHIGAN AWARDED MICHIGAN MEDICAID CONTRACTS | 04/09/2024 |
9 | If You Invested 100 In This Stock 20 Years Ago, You Would Have 1,700 Today | 04/11/2024 |
10 | Molina Wins Deal to Serve Michigans Medicaid Members | 04/12/2024 |
11 | Centene shares target raised to 93 on Medicaid contract win | 04/15/2024 |
12 | US STOCKS-Dow up on UnitedHealth boost higher bond yields, Mideast tensions cap gains | 04/16/2024 |
13 | Analysts Estimate Centene to Report a Decline in Earnings What to Look Out for | 04/19/2024 |
| Begin Period Cash Flow | 12.1 B |
Centene |
Centene Corp Relative Risk vs. Return Landscape
If you would invest 7,517 in Centene Corp on January 21, 2024 and sell it today you would lose (2.00) from holding Centene Corp or give up 0.03% of portfolio value over 90 days. Centene Corp is generating 0.0102% of daily returns assuming volatility of 1.4549% on return distribution over 90 days investment horizon. In other words, 12% of stocks are less volatile than Centene, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Centene Corp Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centene Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Centene Corp, and traders can use it to determine the average amount a Centene Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.007
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CNC |
Estimated Market Risk
| 1.45 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Centene Corp is not performing at its full potential. However, 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 Centene Corp to a well-diversified portfolio.
Centene Corp Fundamentals Growth
Centene Stock prices reflect investors' perceptions of the future prospects and financial health of Centene Corp, and Centene Corp fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Centene Stock performance.
| Return On Equity | 0.11 | ||||
| Return On Asset | 0.037 | ||||
| Profit Margin | 0.02 % | ||||
| Operating Margin | 0.01 % | ||||
| Current Valuation | 38.79 B | ||||
| Shares Outstanding | 534.91 M | ||||
| Price To Earning | 20.27 X | ||||
| Price To Book | 1.46 X | ||||
| Price To Sales | 0.27 X | ||||
| Revenue | 154 B | ||||
| Gross Profit | 24.47 B | ||||
| EBITDA | 2.93 B | ||||
| Net Income | 2.7 B | ||||
| Cash And Equivalents | 12.07 B | ||||
| Cash Per Share | 30.34 X | ||||
| Total Debt | 17.83 B | ||||
| Debt To Equity | 0.84 % | ||||
| Current Ratio | 1.06 X | ||||
| Book Value Per Share | 48.35 X | ||||
| Cash Flow From Operations | 8.05 B | ||||
| Earnings Per Share | 4.95 X | ||||
| Market Capitalization | 40.2 B | ||||
| Total Asset | 84.64 B | ||||
| Retained Earnings | 12.04 B | ||||
| Working Capital | 4.04 B | ||||
| Current Asset | 3.6 B | ||||
| Current Liabilities | 3.63 B | ||||
About Centene Corp Performance
To evaluate Centene Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Centene Corp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Centene Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Centene Corp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Centene's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | (120.60) | (114.57) | |
| Return On Tangible Assets | 0.04 | 0.05 | |
| Return On Capital Employed | 0.06 | 0.06 | |
| Return On Assets | 0.03 | 0.04 | |
| Return On Equity | 0.10 | 0.08 |
Things to note about Centene Corp performance evaluation
Checking the ongoing alerts about Centene Corp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Centene Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Over 98.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Analysts Estimate Centene to Report a Decline in Earnings What to Look Out for |
- Analyzing Centene Corp's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Centene Corp's stock is overvalued or undervalued compared to its peers.
- Examining Centene Corp's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Centene Corp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Centene Corp's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Centene Corp's stock. These opinions can provide insight into Centene Corp's potential for growth and whether the stock is currently undervalued or overvalued.
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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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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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.