# Centene Probability Of Bankruptcy

CNC | - USA Stock | ## USD 84.41 2.52 3.08% |

Centene | Probability Of Bankruptcy |

**B**, whereas Net Income Per Employee is forecasted to decline to about 20.1

**K**.

## Centene Probability Of Bankruptcy Analysis

Centene Corp's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years. 2019 | 2020 | 2021 | 2022 (projected) | |

Interest Expense | 412 M | 728 M | 665 M | 717.5 M |

Gross Profit | 8.84 B | 15.22 B | 14.2 B | 15.32 B |

Probability Of Bankruptcy | = | Normalized | | Z-Score |

## Current Centene Corp Probability Of Bankruptcy | 1% |

Most of Centene Corp's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Centene Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Our calculation of Centene Corp probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Centene Corp odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Centene Corp financial health.

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.

## Centene Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Centene Corp is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Centene Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Centene Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Centene Corp's interrelated accounts and indicators.

**Click cells**to compare fundamentals

The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.

Compare to competition |

Based on the latest financial disclosure, Centene Corp has a Probability Of Bankruptcy of 1.0%. This is 97.69% lower than that of the Healthcare sector and significantly higher than that of the Healthcare Plans industry. The probability of bankruptcy for all United States stocks is 97.49% higher than that of the company.

Chance Of Financial Distress

Less than 1

Centene Corp has

**less than 1 (%) percent**chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Centene Corp stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity. More Info## Centene Corp Main Bankruptcy Drivers

2017 | 2018 | 2019 | 2020 | 2021 | 2022 (projected) | ||

Return on Average Assets | 0.038 | 0.031 | 0.037 | 0.027 | 0.018 | 0.0244 | |

Asset Turnover | 2.22 | 2.07 | 2.09 | 1.64 | 1.69 | 1.94 | |

Total Debt | 4.7 B | 6.69 B | 13.73 B | 16.78 B | 18.84 B | 20.33 B | |

Total Liabilities | 14.98 B | 19.88 B | 28.3 B | 42.76 B | 51.35 B | 55.41 B | |

Current Liabilities | 9.33 B | 11.97 B | 12.93 B | 21.59 B | 25.77 B | 27.8 B | |

Total Assets | 21.86 B | 30.9 B | 40.99 B | 68.72 B | 78.38 B | 84.56 B | |

Current Assets | 8.7 B | 12 B | 20.32 B | 23.39 B | 28.5 B | 30.75 B | |

Net Cash Flow from Operations | 1.49 B | 1.23 B | 1.48 B | 5.5 B | 4.21 B | 4.54 B | |

Weighted Average Shares | 344.85 M | 390.25 M | 413.49 M | 570.72 M | 582.83 M | 502.31 M | |

Weighted Average Shares Diluted | 353.4 M | 398.51 M | 420.41 M | 579.13 M | 590.52 M | 511.14 M |

## Centene Fundamentals

Return On Equity | 5.53 % | |||

Return On Asset | 3.12 % | |||

Profit Margin | 1.21 % | |||

Operating Margin | 3.08 % | |||

Current Valuation | 57.14 B | |||

Shares Outstanding | 583.5 M | |||

Shares Owned by Insiders | 0.94 % | |||

Shares Owned by Institutions | 95.82 % | |||

Number of Shares Shorted | 7.26 M | |||

Price to Earning | 67.58 X | |||

Price to Book | 1.86 X | |||

Price to Sales | 0.40 X | |||

Revenue | 124.24 B | |||

Gross Profit | 19.57 B | |||

EBITDA | 5.33 B | |||

Net Income | 1.5 B | |||

Cash and Equivalents | 12.9 B | |||

Cash per Share | 22.06 X | |||

Total Debt | 22.67 B | |||

Debt to Equity | 0.83 % | |||

Current Ratio | 1.05 X | |||

Book Value Per Share | 45.36 X | |||

Cash Flow from Operations | 5.31 B | |||

Short Ratio | 2.86 X | |||

Earnings Per Share | 1.25 X | |||

Price to Earnings To Growth | 1.37 X | |||

Number of Employees | 72.5 K | |||

Beta | 0.51 | |||

Market Capitalization | 49.25 B | |||

Total Asset | 7.34 B | |||

Retained Earnings | 5.38 B | |||

Working Capital | (24 M) | |||

Current Asset | 3.6 B | |||

Current Liabilities | 3.63 B | |||

Z Score | 17.18 |

## About Centene Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Centene Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Centene Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Centene Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.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 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 | 47.89 |

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.

## 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.Continue to Centene Corp Piotroski F Score and Centene Corp Altman Z Score analysis. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

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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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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.