Centene Corp (Germany) Alpha and Beta Analysis
| QEN Stock | EUR 56.68 0.36 0.63% |
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 0.62 | Alpha (0.36) | Risk 3.02 | Sharpe Ratio (0.1) | Expected Return (0.30) |
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.
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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 | -0.36 | β | 0.62 |
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 Sat, Aug 31, 2024 and Fri, Nov 29, 2024 is 63.91 with a coefficient of variation of 8.56. The daily time series for the period is distributed with a sample standard deviation of 5.32, arithmetic mean of 62.18, and mean deviation of 4.94. The Stock did not receive any noticable media coverage during the period. Price Growth (%) |
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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.
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.
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Additional Information and Resources on Investing in Centene Stock
When determining whether Centene Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Centene Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Centene Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Centene Corp Stock: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 more detail on how to invest in Centene Stock please use our How to Invest in Centene Corp 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.