Centene Stock Alpha and Beta Analysis

CNC -  USA Stock  

USD 84.41  2.52  3.08%

This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Centene Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Centene Corp over a specified time horizon. Remember, high Centene Corp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation.
Continue to Centene Corp Backtesting, Centene Corp Valuation, Centene Corp Correlation, Centene Corp Hype Analysis, Centene Corp Volatility, Centene Corp History and analyze Centene Corp Performance.
  
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Please note that although Centene Corp alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., DOW index.) So in this particular case, Centene Corp did 0.08  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Centene Corp stock's relative risk over its benchmark. Centene Corp has a beta of 0.81  . Let's try to break down what Centene's beta means in this case. As returns on the market increase, Centene Corp returns are expected to increase less than the market. However, during the bear market, the loss on holding Centene Corp will be expected to be smaller as well.
Centene Corp Book Value per Share is projected to increase significantly based on the last few years of reporting. The past year's Book Value per Share was at 45.97. The current year Price to Book Value is expected to grow to 1.92, whereas Enterprise Value over EBIT is forecasted to decline to 18.63.
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.

Centene Corp Quarterly Book Value per Share

46.584

Share

Centene Corp Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Centene Corp market risk premium is the additional return an investor will receive from holding Centene Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Centene Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Centene Corp's performance over market.
α0.08   β0.81
90 days against DJI

Centene Corp expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Centene Corp's Buy-and-hold return. Our buy-and-hold chart shows how Centene Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Centene Corp Market Price Analysis

Market price analysis indicators help investors to evaluate how Centene Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Centene Corp shares will generate the highest return on investment. By understating and applying Centene Corp stock market price indicators, traders can identify Centene Corp position entry and exit signals to maximize returns.

Centene Corp Return and Market Media

The median price of Centene Corp for the period between Sun, Feb 27, 2022 and Sat, May 28, 2022 is 84.71 with a coefficient of variation of 2.86. The daily time series for the period is distributed with a sample standard deviation of 2.41, arithmetic mean of 84.32, and mean deviation of 1.94. The Stock received substential amount of media coverage during this period.
 Price Growth (%)  
      Timeline 
1
Centene Corp exotic insider transaction detected03/04/2022
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Centene Corp exotic insider transaction detected03/07/2022
3
Acquisition by Colin Toney of tradable shares of Centene Cor...03/08/2022
4
Acquisition by Katie Casso of 4737 shares of Centene Corp su...03/15/2022
5
Centene Corp exotic insider transaction detected03/17/2022
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Centene Corp exotic insider transaction detected03/22/2022
7
Florida fines Tampa Medicaid payment vendor nearly 9.1 milli...03/24/2022
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Centene Corp exotic insider transaction detected03/28/2022
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Centene Corp exotic insider transaction detected03/30/2022
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EPS Estimate03/31/2022
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Centene Corp exotic insider transaction detected04/04/2022
12
Payment of 932 shares by Katie Casso of Centene Corp subject...04/05/2022
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Centene Corp exotic insider transaction detected04/06/2022
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Centene Corp exotic insider transaction detected04/07/2022
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Financial Statements04/12/2022
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Centene Corp exotic insider transaction detected04/19/2022
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Acquisition by Katie Casso of 4713 shares of Centene Corp su...04/21/2022
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Centene Corp exotic insider transaction detected04/22/2022
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Financial Statements04/25/2022
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EPS Reported04/26/2022
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Centene Corp exotic insider transaction detected04/28/2022
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Centene Corp exotic insider transaction detected05/02/2022
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Centene Corp exotic insider transaction detected05/03/2022
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Centene Corp exotic insider transaction detected05/10/2022
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Centene Corp exotic insider transaction detected05/11/2022
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Centene Corp exotic insider transaction detected05/17/2022
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Humana Inc. stock rises Monday, still underperforms market -...05/23/2022

About Centene Corp Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all equity instruments such as Ford or other stocks, funds, and ETFs. Alpha measures the amount that position in Centene Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity1.090.650.580.57
Interest Coverage4.324.234.877.27

Centene Corp Upcoming Company Events

As portrayed in its financial statements, the presentation of Centene Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Centene Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Centene Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Centene Corp. Please utilize our Beneish M Score to check the likelihood of Centene Corp's management manipulating its earnings.
Upcoming Quarterly Report8th of February 2022
Next Financial Report26th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End8th of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Build Portfolio with Centene Corp

Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Continue to Centene Corp Backtesting, Centene Corp Valuation, Centene Corp Correlation, Centene Corp Hype Analysis, Centene Corp Volatility, Centene Corp History and analyze Centene Corp Performance. 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Centene Stock analysis

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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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.
A focus of Centene Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Centene Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...