Centene Corp Stock Forecast - Accumulation Distribution

CNC
 Stock
  

USD 86.21  1.60  1.89%   

Centene Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Centene Corp historical stock prices and determine the direction of Centene Corp's future trends based on various well-known forecasting models. However, solely looking at the historical price movement is usually misleading. Macroaxis recommends to always use this module together with analysis of Centene Corp historical fundamentals such as revenue growth or operating cash flow patterns. Although Centene Corp naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Centene Corp systematic risk associated with finding meaningful patterns of Centene Corp fundamentals over time.
Continue to Historical Fundamental Analysis of Centene Corp to cross-verify your projections.
  
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Centene Corp Receivables Turnover is projected to decrease significantly based on the last few years of reporting. The past year's Receivables Turnover was at 11.49. The current year Accounts Payable Turnover is expected to grow to 22.47, whereas PPandE Turnover is forecasted to decline to 37.33. . As of July 3, 2022, Weighted Average Shares is expected to decline to about 502.3 M. In addition to that, Weighted Average Shares Diluted is expected to decline to about 511.1 M.

Open Interest Agains t 2022-07-08 Centene Option Contracts

Although open interest is a measure utilized in the options markets, it could be used to forecast Centene Corp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest Centene Corp's options reflect these daily shifts, investors could use the patterns of these changes to develop long and short trading strategies Centene Corp stock based on available contracts left at the end of a trading day.
Please note, to derive more accurate forecasting about market movement from the current Centene Corp's open interest, investors have to compare it to Centene Corp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Centene Corp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Centene. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
On January 11, 2022 Centene Corp had Accumulation Distribution of 131739.0.
Most investors in Centene Corp cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Centene Corp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Centene Corp's price structures and extracts relationships that further increase the generated results' accuracy.
The accumulation distribution (A/D) indicator shows the degree to which Centene Corp is accumulated by the market over a given period. It uses the quote sensitivity to the highest or lowest daily price of Centene Corp to determine if accumulation or reduction is taking place in the market. This value is adjusted by Centene Corp trading volume to give more weight to distributions with higher volume over lower volume.

Centene Corp Current Investor Sentiment

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.
  Previous Accumulation DistributionAccumulation DistributionTrend
188724.0131739.0
Check Centene Corp VolatilityBacktest Centene CorpTrend Details  

Centene Corp Trading Date Momentum

On January 12 2022 Centene Corp was traded for  80.32  at the closing time. Highest Centene Corp's price during the trading hours was 80.53  and the lowest price during the day was  79.54 . The net volume was 2.8 M. The overall trading history on the 12th of January 2022 contributed to the next trading period price jump. The overall trading delta to the next next day price was 0.37% . The overall trading delta to current price is 0.20% .
Accumulation distribution indicator can signal that a trend is either nearing completion, at a continuation, or is about to break-outs. The actual value of this indicator is of no significance. What is significant is the change in value of over time. The formula for A/D of a given trading day can be expressed as follow: ((Close - Low) - (High - Close)) / (High - Low) X Volume
Compare Centene Corp to competition

Other Forecasting Options for Centene Corp

For every potential investor in Centene, whether a beginner or expert, Centene Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Centene Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Centene. Basic forecasting techniques help filter out the noise by identifying Centene Corp's price trends.

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Centene Corp stock to make a market-neutral strategy. 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 with similar companies.

Centene Corp Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Centene Corp's price movements, , a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Centene Corp's current price.

Centene Corp Risk Indicators

The analysis of Centene Corp's basic risk indicators is one of the essential steps in helping accuretelly forecast its future price. The process involves identifying the amount of risk involved in Centene Corp's investment and either accepting that risk or mitigating it. Along with some funamental techniques of forecasting Centene Corp stock price, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stock investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

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.

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 Historical Fundamental Analysis of Centene Corp to cross-verify your projections. 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 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.
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.