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CNC Centene Corp.

Healthcare

66.53 -1.92 -2.80% Close 11/2
Since 2024-12-02 +14.0%
Open
69.12
High
69.66
Low
64.85
Prev close
68.45
Volume
5.6M
Amplitude
7.03%
P/E
23.4
P/B
1.5
Revenue YoY (TTM)
+4.8%
52W 31.63 72.50

Is Centene Corp. a buy? Fundamentals and valuation first

As of 2026-10-30

Valuation: Fair, Momentum: Strong, Risk / liquidity: Good; Growth: Weak.

Valuation Fair Free-cash-flow yield is Top, but TTM P/E is Pricey.
TTM P/E 23.44 60th percentile Pricey
Price / book 1.53 50th percentile Pricey
Free-cash-flow yield (%) 11.69 85th percentile Top
US Stock Backtest in Python: Price-to-Book Ratio StrategyQuality Factor Investing: A US Quality Value Backtest
Quality Neutral ROE, TTM is Good, but Operating margin, TTM is Average.
ROE, TTM (%) 6.58 57th percentile Good
Operating margin, TTM (%) 0.61 38th percentile Average
FCF margin, TTM (%) 2.03 44th percentile Average
Quality Factor Investing: A US Quality Value Backtest
Growth Weak Revenue growth, TTM YoY is Average; Diluted EPS growth, TTM YoY is Lagging.
Revenue growth, TTM YoY (%) 4.75 47th percentile Average
Diluted EPS growth, TTM YoY (%) -126.99 15th percentile Lagging
Momentum Strong All 2 indicators are Top.
60-day return (%) 6.62 82th percentile Top
240-day return (%) 88.15 95th percentile Top
Momentum Trading Strategy: A 12-1 Momentum Backtest
Risk / liquidity Good 20-day dollar volume is Top; 60-day annualized volatility is Good.
20-day dollar volume 322,917,544 95th percentile Top
60-day annualized volatility (%) 31.55 36th percentile Good
Factor Investing Explained: 10 Classic Factors in US Stocks

Centene Corp. (CNC) today

2 quant signals active · As of 2026-10-30

Win rate and excess are historical post-trigger stats vs the market. Click a signal for its full definition and samples; history does not predict future results.

FinLab Studio

From Centene Corp. to every stock like it

AI finds several complementary traits of Centene Corp. across different dimensions, combines them into a multifactor strategy, and backtests it against the market.

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Centene Corp. (CNC) peers and tracking

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Centene Corp. (CNC) quant signal backtests

Signals active now

Each active condition is tested against this stock’s own history and benchmarked versus the S&P 500.

Top-quintile 6-month momentum

Active · now 82.6%

The stock ranks in the top 20% of the liquid US common-stock universe by 126-day adjusted return.

Momentum Trading Strategy: A 12-1 Momentum Backtest
18 historical occurrences (since 2017-05-12)

Average forward return after Top-quintile 6-month momentum

20-day: Win 76.5%, Sample 17, Median +4.19%, Excess +3.88%, Beat mkt rate 76.5%

60-day: Win 52.9%, Sample 17, Median +5.97%, Excess +3.99%, Beat mkt rate 58.8%

120-day: Win 76.5%, Sample 17, Median +17.69%, Excess +6.68%, Beat mkt rate 70.6%

120 days after: historical avg +11.73%

20-day +4.56%
60-day +4.11%
120-day +11.73%
20-day
60-day
120-day
Win
76.5%
52.9%
76.5%
Sample
17
17
17
Median
+4.19%
+5.97%
+17.69%
Excess
+3.88%
+3.99%
+6.68%
Beat mkt rate
76.5%
58.8%
70.6%

Over 17 occurrences, 120-day forward avg gained 11.73%, beat the market by 6.68 pts; win rate 76.5%.

EPS surprise beat

Active · now 506.06%

Reported EPS beat consensus estimate by at least 5%; event date is the earnings-surprise timestamp.

PEAD: Post-Earnings Announcement Drift Backtest
24 historical occurrences (since 2015-04-28)

Average forward return after EPS surprise beat

20-day: Win 70%, Sample 20, Median +1.62%, Excess +0.19%, Beat mkt rate 45%

60-day: Win 65%, Sample 20, Median +9.61%, Excess -1.2%, Beat mkt rate 55%

120-day: Win 63.2%, Sample 19, Median +10.04%, Excess -2.79%, Beat mkt rate 63.2%

120 days after: historical avg +5.29%

20-day +2.23%
60-day +3.47%
120-day +5.29%
20-day
60-day
120-day
Win
70%
65%
63.2%
Sample
20
20
19
Median
+1.62%
+9.61%
+10.04%
Excess
+0.19%
-1.2%
-2.79%
Beat mkt rate
45%
55%
63.2%

Over 19 occurrences, 120-day forward avg gained 5.29%, lagged the market by 2.79 pts; win rate 63.2%.

Valuation regime and forward returns

Daily TTM P/E is converted into an expanding own-history percentile, then grouped into five valuation regimes. Forward returns use adjusted prices over the next 240 trading days.

PE percentile bandSample days240-day avg returnMedianWin rateAvg excess (vs index)
0-20 490-8.1% -12.2% 46.5% -26.9%
20-40 299+4.1% +2.3% 54.2% -19.3%
40-60 You are here243-8.6% -15.3% 37.9% -20.9%
60-80 0Insufficient data
80-100 145+18.6% +12.8% 86.9% +31.9%

Quarterly EPS is aligned by SEC filing date before it is forward-filled to daily prices. The expanding percentile uses only information available up to each day.

Current TTM P/E is about 23.44, placing it in the 51.3 own-history percentile, inside the 40-60 bucket.

More history: Valuation × momentum analogs, Market-wide momentum baseline, Signals not active now

Valuation × momentum analogs

Each historical day is grouped by own-history P/E tercile and 60-day momentum direction, then tested for the next 120-trading-day adjusted return.

Valuation
Momentum
Cheap (own-history bottom third)
Middle
Expensive (own-history top third)
60-day momentum up
-4.7%
Win rate 46% Excess -17%
387d
Now
-5.1%
Win rate 34.5% Excess -8.8%
220d
+10.3%
Win rate 87.4% Excess +22.1%
87d
60-day momentum down
-7.5%
Win rate 36.4% Excess -20%
346d
-3.7%
Win rate 44.8% Excess -10.8%
194d
+30.5%
Win rate 100% Excess +31%
58d

Currently in “Middle × 60-day momentum up”: across 220 historical days, 120-day forward avg declined 5.1%, win rate 34.5%, lagged the market by 8.8%.

Days = trading days in this bucket; returns use adjusted prices, ex-costs. 60-day momentum: direction of this stock's price over the past 60 trading days.

Market-wide momentum baseline

Across 99,493 liquid US common-stock samples, top-quintile 6-month momentum was followed by an average 60-trading-day return of +6.42%, a 58.4% positive-return rate, and +3.08 percentage points of average excess return versus the S&P 500.

Baseline: weekly samples since 2016 where a liquid US common stock ranked in the top quintile by 126-trading-day momentum. Forward return is 60 trading days; excess return is versus S&P 500 (^GSPC).

Signals not active now

Inactive signals still show the stock-specific historical forward-return distribution for context.

52-week adjusted-price high

Pending

Adjusted close first reaches a 252-trading-day high; repeated hits within 20 days count once.

25 times historically; 60-day forward avg +0.65%, win rate 52.2%, beating the market by +0.1 pts on average.

Filed revenue acceleration

Pending

TTM revenue growth is at least 10% and improved versus the prior filed quarter; event date is the SEC filing date.

14 times historically; 60-day forward avg +5.26%, win rate 64.3%, beating the market by +2.09 pts on average.

Method and limits

  • Returns use us_price:adj_close, adjusted for splits and dividends where available.
  • Excess returns use world_index:^GSPC as the S&P 500 benchmark proxy.
  • Quarterly fundamentals are aligned to SEC filing dates before daily valuation studies.
  • The promoted universe starts from active NYSE/NASDAQ common stocks, then applies price and dollar-volume gates.
  • Snapshot-only tables such as analyst consensus, DCF, us_ratios, and us_key_metrics are intentionally excluded from historical evidence.
  • Overlapping event windows are descriptive distributions, not independent samples.

This page is for historical data analysis and education only. It is not investment advice. Backtests and historical return distributions do not predict future performance; evaluate risk independently before trading.