Centene Corp Correlations
| QEN Stock | EUR 53.69 0.07 0.13% |
The current 90-days correlation between Centene Corp and CVS Health Corp is 0.14 (i.e., Average diversification). The correlation of Centene Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Centene Corp Correlation With Market
Good diversification
The correlation between Centene Corp and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centene Corp and DJI in the same portfolio, assuming nothing else is changed.
Centene |
The ability to find closely correlated positions to Centene Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centene Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Centene Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Centene Corp to buy it.
Moving together with Centene Stock
| 0.67 | MHG | Molina Healthcare | PairCorr |
| 0.82 | 5M0B | Medicover AB | PairCorr |
| 0.69 | GD6 | Ramsay Gnrale de | PairCorr |
| 0.83 | 5TI | TINC Comm VA | PairCorr |
| 0.84 | ADC | AdCapital AG | PairCorr |
Moving against Centene Stock
| 0.86 | 7SU | Summit Materials | PairCorr |
| 0.86 | BN9 | The Bank | PairCorr |
| 0.81 | SAP | SAP SE | PairCorr |
| 0.77 | 74G | DIVIDEND GROWTH SPLIT | PairCorr |
| 0.75 | 8II | PLAYTIKA HOLDING | PairCorr |
| 0.74 | E6Q | GOLD ROAD RES | PairCorr |
| 0.72 | LIE | Sun Life Financial | PairCorr |
| 0.57 | UF2 | Sunstone Hotel Investors | PairCorr |
| 0.55 | E908 | Lyxor 1 | PairCorr |
| 0.54 | LPS1 | Lenox Pasifik Investama | PairCorr |
| 0.43 | DBPE | Xtrackers LevDAX | PairCorr |
Related Correlations Analysis
| -0.43 | 0.07 | -0.13 | -0.57 | CVS | ||
| -0.43 | -0.07 | -0.04 | 0.16 | HUM | ||
| 0.07 | -0.07 | 0.82 | 0.69 | QEN | ||
| -0.13 | -0.04 | 0.82 | 0.77 | 5M0B | ||
| -0.57 | 0.16 | 0.69 | 0.77 | GD6 | ||
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Centene Stock performing well and Centene Corp Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Centene Corp's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CVS | 1.75 | 0.12 | 0.00 | (0.75) | 2.30 | 3.05 | 20.15 | |||
| HUM | 2.24 | (0.28) | 0.00 | (0.07) | 0.00 | 4.78 | 22.29 | |||
| QEN | 1.70 | (0.17) | 0.00 | 0.41 | 0.00 | 2.73 | 25.18 | |||
| 5M0B | 1.14 | (0.09) | 0.00 | (0.21) | 0.00 | 2.98 | 6.56 | |||
| GD6 | 1.41 | (0.37) | 0.00 | 1.13 | 0.00 | 2.92 | 11.44 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Centene Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Centene Corp Corporate Management
Elected by the shareholders, the Centene Corp's board of directors comprises two types of representatives: Centene Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Centene. The board's role is to monitor Centene Corp's management team and ensure that shareholders' interests are well served. Centene Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Centene Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Brent Layton | Chief Business Development Officer | Profile | |
| Christopher Koster | Gen VP | Profile | |
| Jennifer Gilligan | VP Relations | Profile | |
| Sarah London | Chief Director | Profile | |
| Andrew Asher | Ex CFO | Profile | |
| Katie Casso | Chief VP | Profile |