Tenet Healthcare Stock Market Value
| THC Stock | USD 141.98 3.66 2.51% |
| Symbol | Tenet |
Tenet Healthcare Price To Book Ratio
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 Tenet Healthcare. If investors know Tenet 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 Tenet Healthcare 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 4.215 | Earnings Share 31.58 | Revenue Per Share 213.204 | Quarterly Revenue Growth 0.011 | Return On Assets 0.0699 |
The market value of Tenet Healthcare is measured differently than its book value, which is the value of Tenet that is recorded on the company's balance sheet. Investors also form their own opinion of Tenet Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Tenet Healthcare'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 Tenet Healthcare's market value can be influenced by many factors that don't directly affect Tenet Healthcare'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 Tenet Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenet Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenet Healthcare'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.
Tenet Healthcare '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 Tenet Healthcare's stock 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 Tenet Healthcare.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Tenet Healthcare on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Tenet Healthcare or generate 0.0% return on investment in Tenet Healthcare over 30 days. Tenet Healthcare is related to or competes with Acadia Healthcare, HCA Holdings, US Physicalrapy, DaVita HealthCare, Universal Health, AMN Healthcare, and Brookdale Senior. Tenet Healthcare Corporation operates as a diversified healthcare services company More
Tenet Healthcare 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 Tenet Healthcare's stock 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 Tenet Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 21.18 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 3.81 |
Tenet Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tenet Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tenet Healthcare's standard deviation. In reality, there are many statistical measures that can use Tenet Healthcare historical prices to predict the future Tenet Healthcare's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.47) |
Tenet Healthcare Backtested Returns
Tenet Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0488, which indicates the firm had a -0.0488% return per unit of risk over the last 3 months. Tenet Healthcare exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tenet Healthcare's Variance of 9.98, risk adjusted performance of (0.03), and Coefficient Of Variation of (1,862) to confirm the risk estimate we provide. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tenet Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tenet Healthcare is expected to be smaller as well. At this point, Tenet Healthcare has a negative expected return of -0.16%. Please make sure to validate Tenet Healthcare's skewness, as well as the relationship between the rate of daily change and price action indicator , to decide if Tenet Healthcare performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Tenet Healthcare has very good reverse predictability. Overlapping area represents the amount of predictability between Tenet Healthcare time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tenet Healthcare price movement. The serial correlation of -0.66 indicates that around 66.0% of current Tenet Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 40.46 |
Tenet Healthcare lagged returns against current returns
Autocorrelation, which is Tenet Healthcare stock'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 Tenet Healthcare's stock expected returns. We can calculate the autocorrelation of Tenet Healthcare returns to help us make a trade decision. For example, suppose you find that Tenet Healthcare has exhibited high autocorrelation historically, and you observe that the stock 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 |
Tenet Healthcare 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 Tenet Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tenet Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tenet Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Tenet Healthcare Lagged Returns
When evaluating Tenet Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tenet Healthcare stock have on its future price. Tenet Healthcare 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, Tenet Healthcare autocorrelation shows the relationship between Tenet Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Tenet Healthcare.
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.When determining whether Tenet Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tenet Healthcare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tenet Healthcare Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tenet Healthcare Stock:Check out Tenet Healthcare Correlation, Tenet Healthcare Volatility and Tenet Healthcare Alpha and Beta module to complement your research on Tenet Healthcare. For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Tenet Healthcare technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.