Centene Corp Stock Probability of Future Stock Price Finishing Under 53.12
| CNC Stock | USD 60.83 1.25 2.10% |
Centene |
Centene Corp Target Price Odds to finish below 53.12
The tendency of Centene Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 53.12 or more in 90 days |
| 60.83 | 90 days | 53.12 | nearly 4.04 |
Based on a normal probability distribution, the odds of Centene Corp to drop to $ 53.12 or more in 90 days from now is nearly 4.04 (This Centene Corp probability density function shows the probability of Centene Stock to fall within a particular range of prices over 90 days) . Probability of Centene Corp price to stay between $ 53.12 and its current price of $60.83 at the end of the 90-day period is about 26.39 .
Considering the 90-day investment horizon Centene Corp has a beta of 0.21 suggesting as returns on the market go up, Centene Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Centene Corp will be expected to be much smaller as well. Additionally Centene Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Centene Corp Price Density |
| Price |
Predictive Modules for Centene Corp
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Centene Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Centene Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Centene Corp is not an exception. The market had few large corrections towards the Centene Corp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Centene Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Centene Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.35 | |
β | Beta against Dow Jones | 0.21 | |
σ | Overall volatility | 6.26 | |
Ir | Information ratio | -0.16 |
Centene Corp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Centene Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Centene Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Centene Corp generated a negative expected return over the last 90 days | |
| Centene Corp has a strong financial position based on the latest SEC filings | |
| Over 100.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Health Net Providing Special Assistance to Members Affected by Bird Flu Throughout California |
Centene Corp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Centene Stock often depends not only on the future outlook of the current and potential Centene Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Centene Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 545.7 M | |
| Cash And Short Term Investments | 19.7 B |
Centene Corp Technical Analysis
Centene Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Centene Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Centene Corp. In general, you should focus on analyzing Centene Stock price patterns and their correlations with different microeconomic environments and drivers.
Centene Corp Predictive Forecast Models
Centene Corp's time-series forecasting models is one of many Centene Corp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Centene Corp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Centene Corp
Checking the ongoing alerts about Centene Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Centene Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Centene Corp generated a negative expected return over the last 90 days | |
| Centene Corp has a strong financial position based on the latest SEC filings | |
| Over 100.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from gurufocus.com: Health Net Providing Special Assistance to Members Affected by Bird Flu Throughout California |
Check out Centene Corp Backtesting, Centene Corp Valuation, Centene Corp Correlation, Centene Corp Hype Analysis, Centene Corp Volatility, Centene Corp History as well as 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Centene Corp. If investors know Centene will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Centene Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.565 | Earnings Share 5.79 | Revenue Per Share 275.741 | Quarterly Revenue Growth 0.061 | Return On Assets 0.0351 |
The market value of Centene Corp is measured differently than its book value, which is the value of Centene that is recorded on the company's balance sheet. Investors also form their own opinion of Centene Corp's value that differs from its market value or its book value, called intrinsic value, which is Centene Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Centene Corp's market value can be influenced by many factors that don't directly affect Centene Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Centene Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Centene Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Centene Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.