Centene 3375 percent Market Value
| 15135BAV3 | 89.16 0.46 0.51% |
| Symbol | Centene |
Centene 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Centene's bond what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Centene.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Centene on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Centene 3375 percent or generate 0.0% return on investment in Centene over 90 days. Centene is related to or competes with Yuexiu Transport, Eldorado Gold, Canlan Ice, Webus International, Cameco Corp, and Denison Mines. More
Centene Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Centene's bond current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Centene 3375 percent upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.0868 | |||
| Maximum Drawdown | 10.66 | |||
| Value At Risk | (1.87) | |||
| Potential Upside | 0.6728 |
Centene Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centene's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Centene's standard deviation. In reality, there are many statistical measures that can use Centene historical prices to predict the future Centene's volatility.| Risk Adjusted Performance | 0.0109 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.2266 | |||
| Sortino Ratio | 0.0863 | |||
| Treynor Ratio | (0) |
Centene 3375 percent Backtested Returns
Centene 3375 percent secures Sharpe Ratio (or Efficiency) of -0.0371, which signifies that the bond had a -0.0371 % return per unit of risk over the last 3 months. Centene 3375 percent exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Centene's Risk Adjusted Performance of 0.0109, mean deviation of 0.6321, and Downside Deviation of 1.49 to double-check the risk estimate we provide. The bond shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Centene are expected to decrease at a much lower rate. During the bear market, Centene is likely to outperform the market.
Auto-correlation | 0.25 |
Poor predictability
Centene 3375 percent has poor predictability. Overlapping area represents the amount of predictability between Centene time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Centene 3375 percent price movement. The serial correlation of 0.25 indicates that over 25.0% of current Centene price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Centene 3375 percent lagged returns against current returns
Autocorrelation, which is Centene bond's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Centene's bond expected returns. We can calculate the autocorrelation of Centene returns to help us make a trade decision. For example, suppose you find that Centene has exhibited high autocorrelation historically, and you observe that the bond is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Centene regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Centene bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Centene bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Centene bond over time.
Current vs Lagged Prices |
| Timeline |
Centene Lagged Returns
When evaluating Centene's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Centene bond have on its future price. Centene autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Centene autocorrelation shows the relationship between Centene bond current value and its past values and can show if there is a momentum factor associated with investing in Centene 3375 percent.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Centene Bond
Centene financial ratios help investors to determine whether Centene Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Centene with respect to the benefits of owning Centene security.