Centene Stock Story

CNC -  USA Stock  

USD 73.90  1.71  2.26%

In general, we focus on analyzing Centene (NYSE:CNC) price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Centene Corp daily price indicators and compare them against related drivers. Today we will go over Centene Corp. We will analyze why Centene Corp investors may still consider a stake in the business.
Published over a month ago
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Thinking to pick up more of Centene Corp (NYSE:CNC)?
The firm shows a Beta (market volatility) of 0.8954, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Centene's beta means in this case. Centene Corp returns are very sensitive to returns on the market. As the market goes up or down, Centene Corp is expected to follow. Even though it is essential to pay attention to Centene Corp historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Centene Corp exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Centene Corp has an expected return of -0.0239%. Please be advised to confirm Centene Corp downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness to decide if Centene Corp performance from the past will be repeated at some point in the near future.
The successful prediction of Centene Corp stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Centene Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Centene Corp based on Centene Corp hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Centene Corp's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Centene Corp's related companies.

Use Technical Analysis to project Centene expected Price

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...

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for Centene Corp, but it might be worth checking our own buy vs. sell analysis

Centene Corp exotic insider transaction detected

Legal trades by Centene Corp insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Centene insider trading alert for general transaction of common stock by John Roberts, the corporate stakeholder, on 12th of November 2021. This event was filed by Centene Corp with SEC on 2021-11-12. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking it down a bit more

Centene Corp reported the last year's revenue of 111.16 B. Total Income to common stockholders was 720 M with profit before taxes, overhead, and interest of 17.91 B.

Deferred Revenue Breakdown

Centene Corp Deferred Revenue is increasing over the years with slightly volatile fluctuation. Ongoing Deferred Revenue is projected to grow to about 564.3 M this year. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. Centene Corp Deferred Revenue is projected to increase significantly based on the last few years of reporting. The past year's Deferred Revenue was at 523 Million
2014168 Million
2015143 Million
2016313 Million
2017328 Million
2018385 Million
2019383 Million
2020523 Million
2021564.29 Million

Will Centene investors exit after the slip?

Current potential upside is at 3.31. Centene Corp exhibits very low volatility with skewness of 0.95 and kurtosis of 1.39. However, we advise investors to further study Centene Corp technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Centene Corp's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Centene Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

The Current Takeaway on Centene Corp Investment

Whereas some companies in the healthcare plans industry are either recovering or due for a correction, Centene Corp may not be performing as strong as the other in terms of long-term growth potentials. With an optimistic outlook on your 90 days horizon, it may be a good time to pick up new shares of Centene or increase your existing holdings in the Stock as it seems the potential growth has not yet been fully factored into the current price. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Centene Corp.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Centene Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

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