Centene Book Value Per Share Trend from 2010 to 2022

CNC
 Stock
  

USD 84.75  1.46  1.69%   

Centene Corp Book Value per Share is increasing over the years with slightly volatile fluctuation. Ongoing Book Value per Share is projected to grow to 49.60 this year. From 2010 to 2022 Centene Corp Book Value per Share quarterly data regression line had arithmetic mean of 21.05 and r-squared of  0.91. Centene Corp Direct Expenses is projected to increase significantly based on the last few years of reporting. The past year's Direct Expenses was at 103.5 Billion. The current year Cost of Revenue is expected to grow to about 120.6 B, whereas Consolidated Income is forecasted to decline to about 1.1 B.
  
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Check Centene Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Centene main balance sheet or income statement drivers, such as Direct Expenses of 111.7 B, Consolidated Income of 1.1 B or Cost of Revenue of 120.6 B, as well as many exotic indicators such as Interest Coverage of 2.75, Long Term Debt to Equity of 0.63 or Calculated Tax Rate of 35.51. Centene financial statements analysis is a perfect complement when working with Centene Corp Valuation or Volatility modules. It can also supplement various Centene Corp Technical models. Continue to the analysis of Centene Corp Correlation against competitors.

Centene Corp Quarterly Book Value per Share

46.584

Share

Centene Book Value Per Share Breakdown

Showing smoothed Book Value per Share of Centene Corp with missing and latest data points interpolated. Measures the ratio between Shareholders Equity and [SharesWA] as adjusted by [ShareFactor].Centene Corp's Book Value per Share historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Centene Corp's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 45.36 X10 Years Trend
Increasing
Slightly volatile
 Book Value per Share 
Share
      Timeline 

Centene Book Value Per Share Regression Statistics

Arithmetic Mean 21.05
Geometric Mean 14.49
Coefficient Of Variation 81.50
Mean Deviation 14.44
Median 18.47
Standard Deviation 17.15
Sample Variance 294.21
Range 44.98
R-Value 0.95
Mean Square Error 29.33
R-Squared 0.91
Significance 0.00000047
Slope 4.20
Total Sum of Squares 3,530

Centene Book Value Per Share History

2012 4.63
2013 5.7
2014 7.5
2015 9.06
2016 18.47
2017 19.86
2018 27.98
2019 30.35
2020 45.16
2021 45.97
2022 49.6

Other Fundumenentals of Centene Corp

Centene Corp Book Value Per Share component correlations

About Centene Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Centene Corp income statement, its balance sheet, and the statement of cash flows. Centene Corp investors use historical funamental indicators, such as Centene Corp's Book Value Per Share, to determine how well the company is positioned to perform in the future. Although Centene Corp investors may use each financial statement separately, they are all related. The changes in Centene Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Centene Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Centene Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Centene Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Book Value per Share 45.97  49.60 
Tangible Assets Book Value per Share 87.13  70.40 
Enterprise Value53.5 B57.7 B
Tangible Asset Value50.8 B54.8 B
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Its Managed Care segment offers health plan coverage to individuals through government subsidized programs, including Medicaid, the State childrens health insurance program, long-term services and support, foster care, and medicare-medicaid plans, which cover dually eligible individuals, as well as aged, blind, or disabled programs. Its health plans include primary and specialty physician care, inpatient and outpatient hospital care, emergency and urgent care, prenatal care, laboratory and X-ray, home-based primary care, transportation assistance, vision care, dental care, telehealth, immunization, specialty pharmacy, therapy, social work, nurse advisory, and care coordination services, as well as prescriptions and limited over-the-counter drugs, medical equipment, and behavioral health and abuse services. This segment also offers various individual, small group, and large group commercial healthcare products to employers and directly to members. The companys Specialty Services segment provides pharmacy benefits management services nurse advice line and after-hours support services vision and dental services, as well as staffing services to correctional systems and other government agencies and services to Military Health System eligible beneficiaries. This segment offers its services and products to state programs, correctional facilities, healthcare organizations, employer groups, and other commercial organizations. The company provides its services through primary and specialty care physicians, hospitals, and ancillary providers. Centene Corporation was founded in 1984 and is headquartered in St. Louis, Missouri.

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 markets does not have a 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 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 equiteis 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 estimate score, the more favorable is the investor's outlook on Centene Corp.

Centene Corp Implied Volatility

    
  17.6  
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.

Current Sentiment - CNC

Centene Corp Investor Sentiment

Greater number of Macroaxis users are currently bullish on Centene Corp. What is your opinion about investing in Centene Corp? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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.

Centene Corp Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

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 equities. 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
Continue to the analysis of Centene Corp Correlation against competitors. Note that the Centene Corp information on this page should be used as a complementary analysis to other Centene Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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 YOY
0.21
Market Capitalization
50.4 B
Quarterly Revenue Growth YOY
0.22
Return On Assets
0.0312
Return On Equity
0.0553
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 Centene Corp value 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.