Centene Total Liabilities vs Shareholders Equity Analysis

CNC
 Stock
  

USD 86.01  1.26  1.49%   

Centene Corp financial indicator trend analysis is way more than just evaluating Centene Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Centene Corp is a good investment. Please check the relationship between Centene Corp Total Liabilities and its Shareholders Equity accounts. Continue to Trending Equities.

Total Liabilities vs Shareholders Equity

Total Liabilities vs Shareholders Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Centene Corp Total Liabilities account and Shareholders Equity. At this time, the significance of the direction appears to have totally related.
The correlation between Centene Corp's Total Liabilities and Shareholders Equity is 0.99. Overlapping area represents the amount of variation of Total Liabilities that can explain the historical movement of Shareholders Equity in the same time period over historical financial statements of Centene Corp, assuming nothing else is changed. The correlation between historical values of Centene Corp's Total Liabilities and Shareholders Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liabilities of Centene Corp are associated (or correlated) with its Shareholders Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Shareholders Equity has no effect on the direction of Total Liabilities i.e., Centene Corp's Total Liabilities and Shareholders Equity go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Total Liabilities

Deferred Income Tax is recorded on Centene Corp balance sheet and a result of income already earned and recognized for accounting, but not tax, purposes. Also, differences between tax laws and accounting methods can result in a temporary difference in the amount of income tax payable by a company. This difference is recorded on Centene Corp books as deferred income tax. Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Principal components are Total Debt; Deferred Revenue; Trade and Non Trade Payables; Deposit Liabilities; and Tax Liabilities.

Shareholders Equity

A principal component of the balance sheet; in addition to Total Liabilities and Total Assets; that represents the total of all stockholders' equity (deficit) items; net of receivables from officers; directors; owners; and affiliates of the entity which are attributable to the parent.
Most indicators from Centene Corp fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Centene Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Continue to Trending Equities.Centene Corp Selling General and Administrative Expense is projected to increase significantly based on the last few years of reporting. The past year's Selling General and Administrative Expense was at 10.17 Billion. The current year Issuance Repayment of Debt Securities is expected to grow to about 1.6 B, whereas Net Loss Income from Discontinued Operations is forecasted to decline to about 894.7 K.
 2019 2020 2021 2022 (projected)
Interest Expense412 M728 M665 M717.5 M
Gross Profit8.84 B15.22 B14.2 B15.32 B

Centene Corp fundamental ratios Correlations

0.981.00.990.990.960.990.930.980.840.990.980.990.991.01.01.00.990.981.01.0
0.980.980.970.980.930.960.870.960.890.970.960.990.980.990.980.990.961.00.970.98
1.00.980.991.00.960.990.920.990.841.00.991.00.991.01.01.01.00.980.991.0
0.990.970.990.980.991.00.911.00.850.980.960.990.980.990.990.990.990.970.990.99
0.990.981.00.980.940.980.920.980.821.01.00.990.990.990.990.990.990.980.990.99
0.960.930.960.990.940.990.880.990.840.940.910.960.950.960.970.950.980.930.970.96
0.990.960.991.00.980.990.91.00.840.980.960.980.980.980.990.981.00.960.990.99
0.930.870.920.910.920.880.90.90.60.910.90.890.880.890.920.910.930.870.930.93
0.980.960.991.00.980.991.00.90.840.980.960.980.980.980.990.981.00.960.990.98
0.840.890.840.850.820.840.840.60.840.830.810.880.860.880.840.860.820.890.830.84
0.990.971.00.981.00.940.980.910.980.831.00.991.00.990.990.990.990.970.990.99
0.980.960.990.961.00.910.960.90.960.811.00.980.990.980.980.980.980.960.970.98
0.990.991.00.990.990.960.980.890.980.880.990.981.01.01.01.00.990.990.991.0
0.990.980.990.980.990.950.980.880.980.861.00.991.00.990.990.990.990.980.980.99
1.00.991.00.990.990.960.980.890.980.880.990.981.00.991.01.00.990.990.991.0
1.00.981.00.990.990.970.990.920.990.840.990.981.00.991.01.01.00.980.991.0
1.00.991.00.990.990.950.980.910.980.860.990.981.00.991.01.00.990.990.991.0
0.990.961.00.990.990.981.00.931.00.820.990.980.990.990.991.00.990.960.990.99
0.981.00.980.970.980.930.960.870.960.890.970.960.990.980.990.980.990.960.970.98
1.00.970.990.990.990.970.990.930.990.830.990.970.990.980.990.990.990.990.971.0
1.00.981.00.990.990.960.990.930.980.840.990.981.00.991.01.01.00.990.981.0
Click cells to compare fundamentals

Centene Corp Account Relationship Matchups

Centene Corp fundamental ratios Accounts

201720182019202020212022 (projected)
Receivables3.41 B5.15 B6.25 B9.7 B12.24 B13.2 B
Accounts Payable4.17 B4.05 B4.16 B7.07 B8.49 B9.16 B
Total Assets21.86 B30.9 B40.99 B68.72 B78.38 B84.56 B
Current Assets8.7 B12 B20.32 B23.39 B28.5 B30.75 B
Assets Non Current13.15 B18.9 B20.67 B45.33 B49.88 B53.82 B
Cash and Equivalents4.07 B5.34 B12.12 B10.8 B13.12 B14.15 B
Cash and Equivalents USD4.07 B5.34 B12.12 B10.8 B13.12 B14.15 B
Total Debt4.7 B6.69 B13.73 B16.78 B18.84 B20.33 B
Debt Non Current4.7 B6.65 B13.64 B16.68 B18.57 B20.04 B
Total Debt USD4.7 B6.69 B13.73 B16.78 B18.84 B20.33 B
Deferred Revenue328 M385 M383 M523 M434 M373.66 M
Shareholders Equity6.85 B10.92 B12.55 B25.77 B26.8 B28.91 B
Shareholders Equity USD6.85 B10.92 B12.55 B25.77 B26.8 B28.91 B
Goodwill and Intangible Assets6.15 B9.25 B8.93 B27.04 B27.59 B29.77 B
Investments5.84 B7.58 B8.58 B14.43 B15.58 B16.81 B
Investments Current531 M722 M863 M1.58 B1.54 B1.66 B
Investments Non Current5.31 B6.86 B7.72 B12.85 B14.04 B15.15 B
Total Liabilities14.98 B19.88 B28.3 B42.76 B51.35 B55.41 B
Current Liabilities9.33 B11.97 B12.93 B21.59 B25.77 B27.8 B
Liabilities Non Current5.65 B7.91 B15.37 B21.17 B25.59 B27.61 B
Trade and Non Trade Payables4.17 B4.05 B4.16 B7.07 B8.49 B9.16 B
Property Plant and Equipment Net1.1 B1.71 B2.12 B2.77 B3.39 B3.66 B
Trade and Non Trade Receivables3.41 B5.15 B6.25 B9.7 B12.24 B13.2 B
Accumulated Retained Earnings Deficit2.75 B3.66 B4.98 B6.79 B8.14 B8.78 B

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.
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.

Centene Corp Implied Volatility

    
  25.6  
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 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

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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
49.6 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.