Centene Corp Stock Market Value
| CNC Stock | USD 60.80 0.11 0.18% |
| Symbol | Centene |
Centene Corp Price To Book Ratio
Is Health Care Providers & Services space 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 0.565 | Earnings Share 5.79 | Revenue Per Share 275.741 | Quarterly Revenue Growth 0.061 | Return On Assets 0.0351 |
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.
Centene Corp 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Centene Corp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Centene Corp.
| 09/04/2023 |
| 12/27/2024 |
If you would invest 0.00 in Centene Corp on September 4, 2023 and sell it all today you would earn a total of 0.00 from holding Centene Corp or generate 0.0% return on investment in Centene Corp over 480 days. Centene Corp is related to or competes with Humana, Elevance Health, UnitedHealth Group, CVS Health, Alignment Healthcare, Cigna Corp, and Molina Healthcare. Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insu... More
Centene Corp Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Centene Corp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Centene Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.51 | |||
| Value At Risk | (3.79) | |||
| Potential Upside | 2.91 |
Centene Corp Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centene Corp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centene Corp's standard deviation. In reality, there are many statistical measures that can use Centene Corp historical prices to predict the future Centene Corp's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.30) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (1.31) |
Centene Corp Backtested Returns
Centene Corp secures Sharpe Ratio (or Efficiency) of -0.14, which signifies that the company had a -0.14% return per unit of risk over the last 3 months. Centene Corp exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Centene Corp's Mean Deviation of 1.68, standard deviation of 2.25, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.22, which signifies not very significant fluctuations relative to the market. 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. At this point, Centene Corp has a negative expected return of -0.31%. Please make sure to confirm Centene Corp's skewness, and the relationship between the total risk alpha and rate of daily change , to decide if Centene Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.25 |
Weak reverse predictability
Centene Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Centene Corp time series from 4th of September 2023 to 1st of May 2024 and 1st of May 2024 to 27th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Centene Corp price movement. The serial correlation of -0.25 indicates that over 25.0% of current Centene Corp price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.25 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 47.03 |
Centene Corp lagged returns against current returns
Autocorrelation, which is Centene Corp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Centene Corp's stock expected returns. We can calculate the autocorrelation of Centene Corp returns to help us make a trade decision. For example, suppose you find that Centene Corp has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Centene Corp regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Centene Corp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centene Corp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centene Corp stock over time.
Current vs Lagged Prices |
| Timeline |
Centene Corp Lagged Returns
When evaluating Centene Corp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centene Corp stock have on its future price. Centene Corp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Centene Corp autocorrelation shows the relationship between Centene Corp stock current value and its past values and can show if there is a momentum factor associated with investing in Centene Corp.
Regressed Prices |
| Timeline |
Also Currently Popular
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.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 Correlation, Centene Corp Volatility and Centene Corp Alpha and Beta module to complement your research on Centene Corp. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.