Centene Stock Performance

CNC -  USA Stock  

USD 82.38  0.61  0.75%

The firm shows a Beta (market volatility) of 0.8971, 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. Although it is extremely important to respect Centene Corp historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing Centene Corp technical indicators, you can presently evaluate if the expected return of 0.0146% will be sustainable into the future. Centene Corp right now shows a risk of 2.02%. Please confirm Centene Corp downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness to decide if Centene Corp will be following its price patterns.
  
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Centene Performance
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Over the last 90 days Centene Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Centene Corp is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more

Centene Price Channel

Quick Ratio1.04
Fifty Two Week Low59.67
Target High Price109.00
Fifty Two Week High89.92
Target Low Price78.00

Centene Corp Relative Risk vs. Return Landscape

If you would invest  8,206  in Centene Corp on February 18, 2022 and sell it today you would lose (29.00)  from holding Centene Corp or give up 0.35% of portfolio value over 90 days. Centene Corp is generating 0.0146% of daily returns assuming volatility of 2.0153% on return distribution over 90 days investment horizon. In other words, 17% of stocks are less volatile than Centene, and above 99% of all equities are expected to generate higher returns over the next 90 days.
 Daily Expected Return (%) 
      Risk (%) 
Considering the 90-day investment horizon Centene Corp is expected to generate 1.48 times more return on investment than the market. However, the company is 1.48 times more volatile than its market benchmark. It trades about 0.01 of its potential returns per unit of risk. The DOW is currently generating roughly -0.1 per unit of risk.

Centene Corp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Centene Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Centene Corp, and traders can use it to determine the average amount a Centene Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0072

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Negative ReturnsCNC
Estimated Market Risk
 2.02
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 17 %
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Based on monthly moving average Centene Corp is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Centene Corp by adding it to a well-diversified portfolio.

About Centene Corp Performance

To evaluate Centene Corp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Centene Corp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Centene Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Centene Corp stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Centene's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Effect of Exchange Rate Changes on Cash-11 M-11.3 M
Return on Investment 10.30  13.08 
Return on Average Assets 0.018  0.0244 
Return on Average Equity 0.05  0.07 
Return on Invested Capital 0.09  0.13 
Return on Sales 0.02  0.0225 
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.

Things to note about Centene Corp

Checking the ongoing alerts about Centene Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Centene Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Centene Corp Alerts

Equity Alerts and Improvement Suggestions

Centene Corp is unlikely to experience financial distress in the next 2 years
Centene Corp was previously known as ALPHA METALLURGICAL RESOURCES and was traded on New York Stock Exchange under the symbol CNTE.
Centene Corp has a strong financial position based on the latest SEC filings
Over 95.0% of the company shares are held by institutions such as insurance companies
Latest headline from MacroaxisInsider: Centene Corp exotic insider transaction detected
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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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.
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.