Centene Corp (CNC)
Centene Corporation (CNC) is a leading multi-line managed care organization that provides a broad spectrum of healthcare solutions, primarily for government-sponsored and commercially insured programs. With a focus on serving the uninsured, underinsured, and low-income populations, Centene delivers innovative care management and integrated services across its diverse set of health plans. The company's expanding portfolio is designed to enhance health outcomes while driving efficiencies in the healthcare system, making it a prominent player in the evolving landscape of healthcare insurance.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 39.36% per annum.
- CNC price at the close of October 29, 2025 was $37.34 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 385.58% per annum.
- CNC price at the close of October 29, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of CNC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: January 2, 2024
End date: October 29, 2025
a = 6.1092
b = -0.0014
s = 0.1789
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -39.36%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1789) – 1
= 104.53%
January 2, 2024 calculations
Top border of price channel:
Exp(Y796)
= Exp(a + b × X796 + 2 × s)
= Exp(a + b × 1,159 + 2 × s)
= Exp(6.1092 + -0.0014 × 1,159 + 2 × 0.1789)
= Exp(4.8786)
= $131.44
Bottom border of price channel:
Exp(Y796)
= Exp(a + b × X796 – 2 × s)
= Exp(a + b × 1,159 – 2 × s)
= Exp(6.1092 + -0.0014 × 1,159 – 2 × 0.1789)
= Exp(4.1630)
= $64.27
October 29, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(6.1092 + -0.0014 × 1,825 + 2 × 0.1789)
= Exp(3.9658)
= $52.76
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(6.1092 + -0.0014 × 1,825 – 2 × 0.1789)
= Exp(3.2503)
= $25.80
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 39.36% per annum.
- CNC price at the close of October 29, 2025 was $37.34 and was inside the primary price channel.
Secondary Trend
Start date: July 28, 2025
End date: October 29, 2025
a = -4.2539
b = 0.0043
s = 0.0519
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0043) – 1
= 385.58%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0519) – 1
= 23.05%
July 28, 2025 calculations
Top border of price channel:
Exp(Y1,188)
= Exp(a + b × X1,188 + 2 × s)
= Exp(a + b × 1,732 + 2 × s)
= Exp(-4.2539 + 0.0043 × 1,732 + 2 × 0.0519)
= Exp(3.3482)
= $28.45
Bottom border of price channel:
Exp(Y1,188)
= Exp(a + b × X1,188 – 2 × s)
= Exp(a + b × 1,732 – 2 × s)
= Exp(-4.2539 + 0.0043 × 1,732 – 2 × 0.0519)
= Exp(3.1407)
= $23.12
October 29, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-4.2539 + 0.0043 × 1,825 + 2 × 0.0519)
= Exp(3.7508)
= $42.55
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-4.2539 + 0.0043 × 1,825 – 2 × 0.0519)
= Exp(3.5434)
= $34.58
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 385.58% per annum.
- CNC price at the close of October 29, 2025 was inside the secondary price channel.