Centene Corp Stock Technical Analysis
| CNC Stock | USD 73.75 1.75 2.43% |
As of the 19th of April, Centene Corp shows the Mean Deviation of 1.05, risk adjusted performance of (0.03), and Standard Deviation of 1.5. Centene Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Centene Corp, which can be compared to its peers. Please confirm Centene Corp variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Centene Corp is priced correctly, providing market reflects its regular price of 73.75 per share. Given that Centene Corp has information ratio of (0.10), we suggest you to validate Centene Corp's prevailing market performance to make sure the company can sustain itself at a future point.
Centene Corp Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Centene, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CenteneCentene |
Centene Corp Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 81.56 | Buy | 18 | Odds |
Most Centene analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Centene stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Centene Corp, talking to its executives and customers, or listening to Centene conference calls.
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.
Centene Corp Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Centene Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Centene Corp Trend Analysis
Use this graph to draw trend lines for Centene Corp. You can use it to identify possible trend reversals for Centene Corp as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Centene Corp price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Centene Corp Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Centene Corp applied against its price change over selected period. The best fit line has a slop of 0.05 , which may imply that the returns on investment in Centene Corp will continue to fail. It has 122 observation points and a regression sum of squares at 105.88, which is the sum of squared deviations for the predicted Centene Corp price change compared to its average price change.About Centene Corp Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Centene Corp on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Centene Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Centene Corp price pattern first instead of the macroeconomic environment surrounding Centene Corp. By analyzing Centene Corp's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Centene Corp's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Centene Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.002183 | 0.00251 | 0.002384 | Price To Sales Ratio | 0.33 | 0.26 | 0.42 |
Centene Corp April 19, 2024 Technical Indicators
Most technical analysis of Centene help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Centene from various momentum indicators to cycle indicators. When you analyze Centene charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Momentum Indicators | ||
| Overlap Studies | ||
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| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.14) | |||
| Mean Deviation | 1.05 | |||
| Coefficient Of Variation | (1,708) | |||
| Standard Deviation | 1.5 | |||
| Variance | 2.24 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.15) | |||
| Maximum Drawdown | 9.48 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.18 | |||
| Skewness | (1.34) | |||
| Kurtosis | 5.36 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centene Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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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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 (0.32) | Earnings Share 4.95 | Revenue Per Share 260.006 | Quarterly Revenue Growth 0.056 | Return On Assets 0.037 |
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 if Centene Corp is a good investment 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.