Centene Stock Probability of Future Stock Price Finishing Over 84.61

CNC
 Stock
  

USD 80.87  0.87  1.09%   

Centene Corp's future price is the expected price of Centene Corp instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Centene Corp performance during a given time horizon utilizing its historical volatility.
  
Centene Corp's implied volatility is one of the determining factors in the pricing options written on Centene Corp. Implied volatility approximates the future value of Centene Corp based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Centene Corp over a specific time period. For example, 2022-10-07 CALL at $81.0 is a CALL option contract on Centene Corp's common stock with a strick price of 81.0 expiring on 2022-10-07. The contract was last traded on 2022-10-04 at 11:53:42 for $0.97 and, as of today, has 2 days remaining before the expiration. The option is currently trading at a bid price of $0.9, and an ask price of $1.05. The implied volatility as of the 4th of October is 42.3654. View All Centene options

Closest to current price Centene long CALL Option Payoff at Expiration

Continue to Centene Corp Backtesting, Centene Corp Valuation, Centene Corp Correlation, Centene Corp Hype Analysis, Centene Corp Volatility, Centene Corp History as well as Centene Corp Performance. Please specify Centene Corp time horizon, a valid symbol (red box) and a target price (blue box) you would like Centene Corp odds to be computed.

Centene Corp Target Price Odds to finish over 84.61

The tendency of Centene Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move over $ 84.61  or more in 90 days
 80.87 90 days 84.61 
about 78.74
Based on a normal probability distribution, the odds of Centene Corp to move over $ 84.61  or more in 90 days from now is about 78.74 (This Centene Corp probability density function shows the probability of Centene Stock to fall within a particular range of prices over 90 days) . Probability of Centene Corp price to stay between its current price of $ 80.87  and $ 84.61  at the end of the 90-day period is about 14.07 .
Considering the 90-day investment horizon Centene Corp has a beta of 0.78 suggesting as returns on the market go up, Centene Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Centene Corp will be expected to be much smaller as well. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Centene Corp is significantly underperforming DOW.
   Centene Corp Price Density   
       Price  

Predictive Modules for Centene Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Centene Corp. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Centene Corp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Centene Corp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
78.9180.7982.67
Details
Intrinsic
Valuation
LowReal ValueHigh
72.7488.1990.07
Details
14 Analysts
Consensus
LowTarget PriceHigh
75.0092.36109.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Centene Corp. Your research has to be compared to or analyzed against Centene Corp's peers to derive any actionable benefits. When done correctly, Centene Corp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Centene Corp.

Centene Corp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Centene Corp is not an exception. The market had few large corrections towards the Centene Corp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Centene Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Centene Corp within the framework of very fundamental risk indicators.
α
Alpha over DOW
-0.06
β
Beta against DOW0.78
σ
Overall volatility
5.63
Ir
Information ratio -0.03

Centene Corp Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Centene Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Centene Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Centene Corp generated a negative expected return over the last 90 days
Centene Corp is unlikely to experience financial distress in the next 2 years
Over 97.0% of the company shares are held by institutions such as insurance companies
Latest headline from www.zacks.com: Factors That Make Centene an Attractive Bet for Investors - Zacks Investment Research

Centene Corp Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Centene Stock often depends not only on the future outlook of the current and potential Centene Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Centene Corp's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out1.27%
Short Percent Of Float1.43%
Float Shares576.28M
Average Daily Volume Last 10 Day5.76M
Shares Short Prior Month8.31M
Average Daily Volume In Three Month3.38M
Date Short Interest15th of July 2022

Centene Corp Technical Analysis

Centene Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Centene Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Centene Corp. In general, you should focus on analyzing Centene Stock price patterns and their correlations with different microeconomic environments and drivers.

Centene Corp Predictive Forecast Models

Centene Corp time-series forecasting models is one of many Centene Corp's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Centene Corp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Centene Corp

Checking the ongoing alerts about Centene Corp for important developments is a great way to find new opportunities for your next move. Our 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.
Centene Corp generated a negative expected return over the last 90 days
Centene Corp is unlikely to experience financial distress in the next 2 years
Over 97.0% of the company shares are held by institutions such as insurance companies
Latest headline from www.zacks.com: Factors That Make Centene an Attractive Bet for Investors - Zacks Investment Research
Continue to Centene Corp Backtesting, Centene Corp Valuation, Centene Corp Correlation, Centene Corp Hype Analysis, Centene Corp Volatility, Centene Corp History as well as Centene Corp Performance. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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When running Centene Corp 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 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.
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.