Centene Corp Risk Adjusted Performance
| CNC Stock | | | USD 54.98 -0.35 -0.63% |
Risk-Adjusted Performance (RAP) measures the return an equity would have generated if it carried the same total risk (standard deviation) as the market. Derived from the Sharpe Ratio, RAP is expressed in percentage terms, making direct comparison across assets with different volatility profiles straightforward. Below is Centene Corp's current Risk Adjusted Performance with peer comparisons and related risk metrics.
Current Risk Adjusted Performance Value
Centene Corp carries a Risk Adjusted Performance of 0.1583, consistent with positive but modest risk-adjusted return. Centene Corp has produced a positive return relative to risk, though the margin is limited.
RAP | = | (ER[a] - RFR) * STD[b])/STD[b]RFR |
| = | 0.1583 | |
Risk Adjusted Performance Peers Comparison
The peer group averages -0.02 for Risk Adjusted Performance, with Centene Corp at 0.1583 falling above that level. Readings span -0.1255 (Universal Health Services) to 0.2254 (Royalty Pharma Plc). Centene Corp's risk-adjusted return exceeds the peer average, indicating more efficient compensation for risk taken.
Risk Adjusted Performance Relative To Other Indicators
The chart below plots Risk Adjusted Performance against Maximum Drawdown for Centene Corp and its peers. Each point represents one equity — position along the horizontal axis shows Risk Adjusted Performance while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
With Risk Adjusted Performance at
0.16 and Maximum Drawdown at
20.52 , Centene Corp shows a
129.60 -to-one ratio between these indicators. This indicates Maximum Drawdown substantially exceeds Risk Adjusted Performance for Centene Corp.
Methodology, Assumptions & Data Sources
Centene Corp has a current Risk Adjusted Performance reading of 0.1583. The Risk Adjusted Performance for Centene Corp is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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