Centene Corp Stock Alpha and Beta Analysis
| CNC Stock | USD 60.37 0.02 0.03% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Centene Corp. It also helps investors analyze the systematic and unsystematic risks associated with investing in Centene Corp over a specified time horizon. Remember, high Centene Corp's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Centene Corp's market risk premium analysis include:
Beta 0.12 | Alpha (0.39) | Risk 2.42 | Sharpe Ratio (0.15) | Expected Return (0.37) |
Centene Corp Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Centene |
Centene Corp Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Centene Corp market risk premium is the additional return an investor will receive from holding Centene Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Centene Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Centene Corp's performance over market.| α | -0.39 | β | 0.12 |
Centene Corp expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Centene Corp's Buy-and-hold return. Our buy-and-hold chart shows how Centene Corp performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Centene Corp Market Price Analysis
Market price analysis 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 understating and applying Centene Corp stock market price indicators, traders can identify Centene Corp position entry and exit signals to maximize returns.
Centene Corp Return and Market Media
The median price of Centene Corp for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 71.49 with a coefficient of variation of 10.26. The daily time series for the period is distributed with a sample standard deviation of 7.07, arithmetic mean of 68.85, and mean deviation of 6.45. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 48565 shares by Sarah London of Centene Corp at 70.83 subject to Rule 16b-3 | 09/06/2024 |
2 | Centene Options Trading A Deep Dive into Market Sentiment | 10/25/2024 |
3 | Centene Corp Shares Down 3.61 percent on Oct 28 | 10/28/2024 |
4 | Centene Co. Shares Acquired by National Pension Service | 11/05/2024 |
5 | Centene Corporation Reaffirms 2024 Earnings Guidance | 11/13/2024 |
6 | Insider Buying CFO Andrew Asher Acquires Shares of Centene Corp | 11/14/2024 |
7 | Larry Robbins Strategic Moves in Q3 2024 A Deep Dive into Tenet Healthcares Significant Reduction | 11/15/2024 |
8 | Offering health insurance is becoming less lucrative | 11/18/2024 |
9 | The National Hispanic Health Foundation Hosts Scholarship Galas to Honor Leaders and Students Advancing Health Equity | 11/19/2024 |
10 | Meridian Health Plan of Illinois and Liberty Bank and Trust Partner to Create Small Business ... | 11/21/2024 |
About Centene Corp Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Centene or other stocks. Alpha measures the amount that position in Centene Corp has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.005381 | 0.004783 | Price To Sales Ratio | 0.26 | 0.42 |
Centene Corp Upcoming Company Events
As portrayed in its financial statements, the presentation of Centene Corp's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Centene Corp's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Centene Corp's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Centene Corp. Please utilize our Beneish M Score to check the likelihood of Centene Corp's management manipulating its earnings.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 23rd of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Centene Corp
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Align your risk with return expectations
Check out Centene Corp Backtesting, Centene Corp Valuation, Centene Corp Correlation, Centene Corp Hype Analysis, Centene Corp Volatility, Centene Corp History and analyze Centene Corp Performance. For information on how to trade Centene Stock refer to our How to Trade Centene Stock guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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.