Centene Corporation An Oversold Healthcare Stock to Invest In Now
| CNC Stock | USD 64.62 0.71 1.11% |
About 51% of Centene Corp's shareholders are presently thinking to get in. The analysis of overall sentiment of trading Centene Corp stock suggests that some investors are interested at this time. The current market sentiment, together with Centene Corp's historical and current headlines, can help investors time the market. In addition, many technical investors use Centene Corp stock news signals to limit their universe of possible portfolio assets.
Centene |
We recently compiled a list of the 10 Oversold Healthcare Stocks To Invest In. In this article, we are going to take a look at where Centene Corporation stands against the other oversold healthcare...
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Centene Corp Fundamental Analysis
We analyze Centene Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Centene Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Centene Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Centene Corp is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
Centene Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Centene Corp stock to make a market-neutral strategy. Peer analysis of Centene Corp could also be used in its relative valuation, which is a method of valuing Centene Corp by comparing valuation metrics with similar companies.
Peers
Centene Corp Related Equities
| OSCR | Oscar Health | 3.72 | ||||
| MOH | Molina Healthcare | 2.83 | ||||
| UNH | UnitedHealth Group | 1.39 | ||||
| HUM | Humana | 0.91 | ||||
| ALHC | Alignment Healthcare | 0.66 | ||||
| ELV | Elevance Health | 0.24 | ||||
| CVS | CVS Health | 0.75 | ||||
| CI | Cigna Corp | 6.70 |
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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