Centene Corp Stock Short Ratio

CNC Stock  USD 78.48  0.13  0.17%   
Centene Corp fundamentals help investors to digest information that contributes to Centene Corp's financial success or failures. It also enables traders to predict the movement of Centene Stock. The fundamental analysis module provides a way to measure Centene Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Centene Corp stock.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Centene Short Ratio Analysis

Centene Corp's Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.
 2021 2022 2023 2024 (projected)
Gross Profit14.2B16.7B31.5B33.1B
Total Revenue126.0B144.5B154.0B161.7B

Short Ratio

 = 

Short Interest

Average Trading Volume

More About Short Ratio | All Equity Analysis

Current Centene Corp Short Ratio

    
  3.14 X  
Most of Centene Corp's fundamental indicators, such as Short Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Centene Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Centene Short Ratio Driver Correlations

Understanding the fundamental principles of building solid financial models for Centene Corp is extremely important. It helps to project a fair market value of Centene Stock properly, considering its historical fundamentals such as Short Ratio. Since Centene Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Centene Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Centene Corp's interrelated accounts and indicators.
0.990.70.730.971.01.00.890.980.910.990.990.990.980.640.980.96-0.090.970.930.83-0.82-0.630.990.991.00.780.910.960.67
0.990.760.780.990.990.990.920.950.880.980.970.990.950.580.950.98-0.070.980.920.85-0.77-0.630.980.990.990.810.910.970.65
0.70.760.790.840.670.710.80.550.370.750.620.80.6-0.070.560.84-0.050.750.510.7-0.41-0.480.690.690.680.730.710.80.4
0.730.780.790.830.70.70.940.610.480.760.660.780.570.150.620.81-0.050.830.560.94-0.3-0.390.720.710.70.960.740.80.5
0.970.990.840.830.950.960.940.90.80.970.930.990.910.460.90.99-0.060.970.870.86-0.7-0.630.950.960.960.830.890.970.61
1.00.990.670.70.951.00.870.990.930.981.00.980.980.670.990.94-0.10.960.940.82-0.85-0.630.990.991.00.770.910.950.68
1.00.990.710.70.961.00.880.980.910.980.990.980.980.630.970.95-0.070.960.930.81-0.85-0.640.980.991.00.760.90.950.64
0.890.920.80.940.940.870.880.810.710.890.850.930.790.390.810.94-0.130.920.740.95-0.58-0.630.870.890.870.930.830.920.52
0.980.950.550.610.90.990.980.810.970.940.990.930.990.771.00.88-0.10.920.940.76-0.89-0.620.970.980.980.690.870.910.67
0.910.880.370.480.80.930.910.710.970.850.950.850.950.880.960.79-0.080.830.940.66-0.88-0.650.90.920.930.580.760.80.57
0.990.980.750.760.970.980.980.890.940.850.960.970.940.550.960.95-0.110.980.910.85-0.76-0.530.990.970.980.810.950.960.76
0.990.970.620.660.931.00.990.850.990.950.960.960.990.710.990.92-0.090.940.940.8-0.88-0.640.980.990.990.740.880.930.65
0.990.990.80.780.990.980.980.930.930.850.970.960.950.530.930.99-0.080.960.890.84-0.78-0.680.970.990.980.80.890.970.59
0.980.950.60.570.910.980.980.790.990.950.940.990.950.730.980.9-0.110.90.930.72-0.92-0.680.960.980.980.650.850.910.61
0.640.58-0.070.150.460.670.630.390.770.880.550.710.530.730.760.46-0.150.520.720.38-0.75-0.50.630.670.650.280.480.50.42
0.980.950.560.620.90.990.970.811.00.960.960.990.930.980.760.88-0.110.930.950.78-0.86-0.580.980.970.980.710.890.910.71
0.960.980.840.810.990.940.950.940.880.790.950.920.990.90.460.88-0.120.940.840.84-0.72-0.70.930.960.950.810.860.970.55
-0.09-0.07-0.05-0.05-0.06-0.1-0.07-0.13-0.1-0.08-0.11-0.09-0.08-0.11-0.15-0.11-0.120.00.08-0.160.210.28-0.12-0.11-0.04-0.15-0.23-0.21-0.2
0.970.980.750.830.970.960.960.920.920.830.980.940.960.90.520.930.940.00.90.89-0.68-0.480.970.950.960.860.920.950.72
0.930.920.510.560.870.940.930.740.940.940.910.940.890.930.720.950.840.080.90.67-0.77-0.520.930.920.950.60.790.820.64
0.830.850.70.940.860.820.810.950.760.660.850.80.840.720.380.780.84-0.160.890.67-0.51-0.430.840.810.80.990.850.870.65
-0.82-0.77-0.41-0.3-0.7-0.85-0.85-0.58-0.89-0.88-0.76-0.88-0.78-0.92-0.75-0.86-0.720.21-0.68-0.77-0.510.71-0.8-0.84-0.83-0.44-0.7-0.76-0.44
-0.63-0.63-0.48-0.39-0.63-0.63-0.64-0.63-0.62-0.65-0.53-0.64-0.68-0.68-0.5-0.58-0.70.28-0.48-0.52-0.430.71-0.55-0.69-0.63-0.39-0.4-0.620.06
0.990.980.690.720.950.990.980.870.970.90.990.980.970.960.630.980.93-0.120.970.930.84-0.8-0.550.980.990.790.940.950.75
0.990.990.690.710.960.990.990.890.980.920.970.990.990.980.670.970.96-0.110.950.920.81-0.84-0.690.980.990.750.880.960.61
1.00.990.680.70.961.01.00.870.980.930.980.990.980.980.650.980.95-0.040.960.950.8-0.83-0.630.990.990.750.890.940.65
0.780.810.730.960.830.770.760.930.690.580.810.740.80.650.280.710.81-0.150.860.60.99-0.44-0.390.790.750.750.850.850.64
0.910.910.710.740.890.910.90.830.870.760.950.880.890.850.480.890.86-0.230.920.790.85-0.7-0.40.940.880.890.850.950.85
0.960.970.80.80.970.950.950.920.910.80.960.930.970.910.50.910.97-0.210.950.820.87-0.76-0.620.950.960.940.850.950.68
0.670.650.40.50.610.680.640.520.670.570.760.650.590.610.420.710.55-0.20.720.640.65-0.440.060.750.610.650.640.850.68
Click cells to compare fundamentals
The higher the Short Ratio, the longer it would take to buy back the borrowed shares. In theory, the more short positions are currently outstanding, the faster it will be to cover shorted positions.
Competition

Centene Discontinued Operations

Discontinued Operations

1.78 Million

At present, Centene Corp's Discontinued Operations is projected to decrease significantly based on the last few years of reporting.
Based on the latest financial disclosure, Centene Corp has a Short Ratio of 3.14 times. This is 19.49% lower than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The short ratio for all United States stocks is 21.5% higher than that of the company.

Centene Short Ratio Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Centene Corp's direct or indirect competition against its Short Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Centene Corp could also be used in its relative valuation, which is a method of valuing Centene Corp by comparing valuation metrics of similar companies.
Centene Corp is currently under evaluation in short ratio category among related companies.

Centene Corp ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Centene Corp's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Centene Corp's managers, analysts, and investors.
Environment Score
Governance Score
Social Score

Centene Corp Institutional Holders

Institutional Holdings refers to the ownership stake in Centene Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Centene Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Centene Corp's value.
Shares
Goldman Sachs Group Inc2023-12-31
9.1 M
Amvescap Plc.2023-12-31
8.8 M
Boston Partners Global Investors, Inc2023-12-31
8.6 M
Ubs Asset Mgmt Americas Inc2023-12-31
6.3 M
T. Rowe Price Associates, Inc.2023-12-31
6.1 M
Arrowstreet Capital Limited Partnership2023-12-31
5.8 M
Bank Of New York Mellon Corp2023-12-31
5.7 M
Morgan Stanley - Brokerage Accounts2023-12-31
5.6 M
Ameriprise Financial Inc2023-12-31
5.6 M
Vanguard Group Inc2023-12-31
61.2 M
Blackrock Inc2023-12-31
40.8 M

Centene Fundamentals

About Centene Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Centene Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Centene Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Centene Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Centene Corporation was founded in 1984 and is headquartered in St. Centene Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 72500 people.

Centene Corp Investors Sentiment

The influence of Centene Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Centene. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Centene Corp's public news can be used to forecast risks associated with an investment in Centene. The trend in average sentiment can be used to explain how an investor holding Centene can time the market purely based on public headlines and social activities around Centene Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Centene Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Centene Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Centene Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Centene Corp.

Centene Corp Implied Volatility

    
  61.55  
Centene Corp's implied volatility exposes the market's sentiment of Centene Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Centene Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Centene Corp stock will not fluctuate a lot when Centene Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Centene Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Centene Corp's short interest history, or implied volatility extrapolated from Centene Corp options trading.

Pair Trading with Centene Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Centene Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Centene Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Centene Stock

  0.43MASS 908 Devices Financial Report 14th of May 2024 PairCorr
The ability to find closely correlated positions to Centene Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centene Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centene Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centene Corp to buy it.
The correlation of Centene 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centene Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centene Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Centene Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Centene Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Centene Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Centene Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Centene Corp Stock:
Check out Centene Corp Piotroski F Score and Centene Corp Altman Z Score analysis.
For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Performance Analysis
Check effects of mean-variance optimization against your current asset allocation
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.