Centene Corp Stock Price on May 6, 2024
| CNC Stock | USD 69.81 0.63 0.89% |
Below is the normalized historical share price chart for Centene Corp extending back to December 13, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Centene Corp stands at 69.81, as last reported on the 8th of June, with the highest price reaching 70.59 and the lowest price hitting 69.47 during the day.
If you're considering investing in Centene Stock, it is important to understand the factors that can impact its price. Centene Corp secures Sharpe Ratio (or Efficiency) of -0.0976, which signifies that the company had a -0.0976% return per unit of risk over the last 3 months. Centene Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Centene Corp's Risk Adjusted Performance of (0.05), mean deviation of 1.22, and Standard Deviation of 1.68 to double-check the risk estimate we provide.
At present, Centene Corp's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 15.2 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 293.9 M. . At present, Centene Corp's Price Book Value Ratio is projected to increase slightly based on the last few years of reporting. The current year's Price Earnings To Growth Ratio is expected to grow to 0.11, whereas Price Earnings Ratio is forecasted to decline to 14.18. Centene Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 13th of December 2001 | 200 Day MA 73.3475 | 50 Day MA 74.3568 | Beta 0.468 |
Centene |
Sharpe Ratio = -0.0976
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CNC |
Estimated Market Risk
| 1.67 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Centene Corp is not performing at its full potential. However, 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 Centene Corp to a well-diversified portfolio.
Price Book 1.4642 | Enterprise Value Ebitda 6.5988 | Price Sales 0.2678 | Shares Float 531 M | Wall Street Target Price 88.78 |
Centene Corp Valuation on May 6, 2024
It is possible to determine the worth of Centene Corp on a given historical date. On May 6, 2024 Centene was worth 75.21 at the beginning of the trading date compared to the closed value of 75.14. 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 Centene Corp 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 | |
| 74.50 | 75.11 | 73.78 | 74.81 | 4,706,416 | |
05/06/2024 | 75.21 | 75.57 | 74.68 | 75.14 | 2,780,170 |
| 75.51 | 76.11 | 75.22 | 75.90 | 2,534,532 |
| Backtest Centene Corp | | | Centene Corp History | | | Centene Corp Valuation | Previous | Next |
Centene Corp Trading Date Momentum on May 6, 2024
| On May 07 2024 Centene Corp was traded for 75.90 at the closing time. Highest Centene Corp's price during the trading hours was 76.11 and the lowest price during the day was 75.22 . The net volume was 2.5 M. The overall trading history on the 7th of May contributed to the next trading period price growth. The overall trading delta to the next next day price was 1.01% . The overall trading delta to current price is 4.05% . |
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 stock prices may prove useful in developing a viable investing in Centene Corp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 545.7 M | 293.9 M | |
| Net Income Applicable To Common Shares | 1.4 B | 1.5 B |
Centene Corp Quarterly Net Working Capital |
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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.
Price Boundaries
Centene Corp Period Price Range
Low | May 6, 2024
| High |
75.21 | 75.14 |
Centene Corp June 8, 2024 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
| Accumulation Distribution | 32742.51 | |||
| Daily Balance Of Power | (0.08) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 75.13 | |||
| Day Typical Price | 75.13 | |||
| Price Action Indicator | (0.02) | |||
| Period Momentum Indicator | (5.33) |
Centene Corp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Centene Corp's price 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 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.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.12) |
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Complementary Tools for Centene Stock analysis
When running Centene Corp's 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 the 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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