Centene Stock Price on January 12, 2022 Breakdown

CNC
 Stock
  

USD 86.21  1.60  1.89%   

As of today, the current price of Centene Corp is  86.21 , as last reported on the 2nd of July, with the highest price reaching  86.39  and the lowest price hitting  83.56  during the day.
We consider Centene Corp very steady. Centene Corp secures Sharpe Ratio (or Efficiency) of 0.0281, which signifies that the company had 0.0281% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-eight technical indicators for Centene Corp, which you can use to evaluate the future volatility of the firm. Please confirm Centene Corp Downside Deviation of 2.39, mean deviation of 1.73, and Risk Adjusted Performance of 0.0335 to double-check if the risk estimate we provide is consistent with the expected return of 0.0612%.
  
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As of July 2, 2022, Net Income Common Stock is expected to decline to about 1.1 B. The current year Price to Book Value is expected to grow to 1.92. The current year Price to Earnings Ratio is expected to grow to 36.61. Centene Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Most Recent Activity

Shares Float
581.1 M
Shares Outstanding
584.9 M
Shares Short Prior Month
7.3 M
Earnings Share
2.53
Shares Short
7.6 M
Revenue Per Share
213.05

Centene Corp Valuation on January 12, 2022

It is possible to determine the worth of Centene Corp on a given historical date. On January 12, 2022 Centene was worth 79.93 at the beginning of the trading date compared to the closed value of 80.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Centene Corp stock. Still, in general, we apply an absolute valuation method to find Centene Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Visa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Centene Corp's related companies.
 Open High Low Close Volume
  77.39    80.11    77.39    80.02    3,879,914  
01/12/2022
  79.93    80.53    79.54    80.32    2,781,829  
  80.16    80.76    79.44    79.88    2,924,957  
Backtest Centene Corp  |  Centene Corp History  |  Centene Corp Valuation   PreviousNext  
Open Value 79.93
80.32
Closing Value
86.46
Upside

Centene Corp Trading Date Momentum on January 12, 2022

On January 13 2022 Centene Corp was traded for  79.88  at the closing time. Highest Centene Corp's price during the trading hours was 80.76  and the lowest price during the day was  79.44 . The net volume was 2.9 M. The overall trading history on the 13th of January 2022 contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 0.55% . The overall trading delta to current price is 4.81% .

Centene Corp Fundamentals Correlations and Trends

By evaluating Centene Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Centene Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Centene financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Centene Corp Stock history

Centene Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Centene is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Centene Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Centene Corp historical stock prices may prove useful in developing a viable investing in Centene Corp
Last ReportedProjected for 2022
Weighted Average Shares582.8 M502.3 M
Weighted Average Shares Diluted590.5 M511.1 M
Issuance Purchase of Equity Shares-297 M-304.8 M
Centene Corporation operates as a multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Centene Corporation was founded in 1984 and is headquartered in St. Centene Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 72500 people.

Centene Corp Quarterly Market Capitalization

49.07 Billion

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Centene Corp Stock Technical Analysis

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...

Price Boundaries

Centene Corp Period Price Range

Low
January 12, 2022
High

 79.93 

  

 80.32 

0.390.49%

Centene Corp July 2, 2022 Market Strength

Market strength 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 undertsting and applying Centene Corp stock market strength indicators, traders can identify Centene Corp entry and exit signals to maximize returns

Centene Corp Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Centene stock's direction in advance. Along with the technical and fundamental analysis of Centene Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Centene to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Continue to Trending Equities. 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 Probability Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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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.