Tenet Stock Probability of Future Stock Price Finishing Under 53.87

THC
 Stock
  

USD 46.05  1.04  2.31%   

Tenet Healthcare's future price is the expected price of Tenet Healthcare instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Tenet Healthcare Corp performance during a given time horizon utilizing its historical volatility. Tenet Healthcare Price to Book Value is projected to increase slightly based on the last few years of reporting. The past year's Price to Book Value was at 4.08. The current year Price to Sales Ratio is expected to grow to 0.09, whereas Price to Earnings Ratio are forecasted to decline to (7.10) .
  
Tenet Healthcare's implied volatility is one of the determining factors in the pricing options written on Tenet Healthcare Corp. Implied volatility approximates the future value of Tenet Healthcare based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Tenet Healthcare Corp over a specific time period. For example, 2022-12-02 CALL at $46.0 is a CALL option contract on Tenet Healthcare's common stock with a strick price of 46.0 expiring on 2022-12-02. The contract was last traded on 2022-11-25 at 11:28:18 for $1.6 and, as of today, has 6 days remaining before the expiration. The option is currently trading at a bid price of $1.15, and an ask price of $1.4. The implied volatility as of the 26th of November is 52.4933. View All Tenet options

Closest to current price Tenet long CALL Option Payoff at Expiration

Additionally, take a look at Tenet Healthcare Backtesting, Tenet Healthcare Valuation, Tenet Healthcare Correlation, Tenet Healthcare Hype Analysis, Tenet Healthcare Volatility, Tenet Healthcare History as well as Tenet Healthcare Performance. Please specify Tenet Healthcare time horizon, a valid symbol (red box) and a target price (blue box) you would like Tenet Healthcare odds to be computed.

Tenet Healthcare Target Price Odds to finish below 53.87

The tendency of Tenet 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 PriceHorizonTarget PriceOdds to stay under $ 53.87  after 90 days
 46.05 90 days 53.87 
about 64.6
Based on a normal probability distribution, the odds of Tenet Healthcare to stay under $ 53.87  after 90 days from now is about 64.6 (This Tenet Healthcare Corp probability density function shows the probability of Tenet Stock to fall within a particular range of prices over 90 days) . Probability of Tenet Healthcare Corp price to stay between its current price of $ 46.05  and $ 53.87  at the end of the 90-day period is about 39.77 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.41 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Tenet Healthcare will likely underperform. Additionally The company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Tenet Healthcare Corp is significantly underperforming DOW.
   Tenet Healthcare Price Density   
       Price  

Predictive Modules for Tenet Healthcare

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Tenet Healthcare Corp. Regardless of method or technology, however, to accurately forecast the stock or bond 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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Tenet Healthcare's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Tenet Healthcare in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
40.7146.0651.41
Details
Intrinsic
Valuation
LowReal ValueHigh
41.4555.7561.10
Details
Naive
Forecast
LowNext ValueHigh
44.8150.1655.51
Details
14 Analysts
Consensus
LowTarget PriceHigh
80.0092.23120.00
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tenet Healthcare. Your research has to be compared to or analyzed against Tenet Healthcare's peers to derive any actionable benefits. When done correctly, Tenet Healthcare's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Tenet Healthcare Corp.

Tenet Healthcare Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Tenet Healthcare is not an exception. The market had few large corrections towards the Tenet Healthcare'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 Tenet Healthcare Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Tenet Healthcare within the framework of very fundamental risk indicators.
α
Alpha over DOW
-0.39
β
Beta against DOW1.41
σ
Overall volatility
7.42
Ir
Information ratio -0.07

Tenet Healthcare 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 Tenet Healthcare for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Tenet Healthcare 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.
Tenet Healthcare generated a negative expected return over the last 90 days
Tenet Healthcare has high historical volatility and very poor performance
Latest headline from news.google.com: Should You Invest in Tenet Healthcare Corporation Stock - Yahoo Finance

Tenet Healthcare 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 Tenet Stock often depends not only on the future outlook of the current and potential Tenet Healthcare'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. Tenet Healthcare's indicators that are reflective of the short sentiment are summarized in the table below.
Shares Percent Shares Out3.95%
Short Percent Of Float4.51%
Float Shares99.75M
Average Daily Volume Last 10 Day1.76M
Shares Short Prior Month3.75M
Average Daily Volume In Three Month1.91M
Date Short Interest14th of October 2022

Tenet Healthcare Technical Analysis

Tenet Healthcare's future price can be derived by breaking down and analyzing its technical indicators over time. Tenet Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Tenet Healthcare Corp. In general, you should focus on analyzing Tenet Stock price patterns and their correlations with different microeconomic environments and drivers.

Tenet Healthcare Predictive Forecast Models

Tenet Healthcare time-series forecasting models is one of many Tenet Healthcare's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These non-stationary Tenet Healthcare'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 Tenet Healthcare Corp

Checking the ongoing alerts about Tenet Healthcare for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Tenet Healthcare Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Tenet Healthcare generated a negative expected return over the last 90 days
Tenet Healthcare has high historical volatility and very poor performance
Latest headline from news.google.com: Should You Invest in Tenet Healthcare Corporation Stock - Yahoo Finance
Additionally, take a look at Tenet Healthcare Backtesting, Tenet Healthcare Valuation, Tenet Healthcare Correlation, Tenet Healthcare Hype Analysis, Tenet Healthcare Volatility, Tenet Healthcare History as well as Tenet Healthcare Performance. Note that the Tenet Healthcare Corp information on this page should be used as a complementary analysis to other Tenet Healthcare's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Tenet Stock analysis

When running Tenet Healthcare Corp price analysis, check to measure Tenet Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tenet Healthcare is operating at the current time. Most of Tenet Healthcare's value examination focuses on studying past and present price action to predict the probability of Tenet Healthcare's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Tenet Healthcare's price. Additionally, you may evaluate how the addition of Tenet Healthcare to your portfolios can decrease your overall portfolio volatility.
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Is Tenet Healthcare's industry 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 YOY
(0.72) 
Market Capitalization
B
Quarterly Revenue Growth YOY
(0.019) 
Return On Assets
0.0593
Return On Equity
0.28
The market value of Tenet Healthcare Corp 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 Tenet Healthcare value 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.