Tenet Stock Market Value

THC
 Stock
  

USD 46.05  1.04  2.31%   

Tenet Healthcare's market value is the price at which a share of Tenet Healthcare stock trades on a public exchange. It measures the collective expectations of Tenet Healthcare Corp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Tenet Healthcare Corp and determine expected loss or profit from investing in Tenet Healthcare over a given investment horizon. Additionally, take a look at Tenet Healthcare Correlation, Tenet Healthcare Volatility and Tenet Healthcare Alpha and Beta module to complement your research on Tenet Healthcare.
Symbol


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.

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.
0.00
09/27/2022
No Change 0.00  0.0 
In 2 months and 1 day
11/26/2022
0.00
If you would invest  0.00  in Tenet Healthcare on September 27, 2022 and sell it all today you would earn a total of 0.00 from holding Tenet Healthcare Corp or generate 0.0% return on investment in Tenet Healthcare over 60 days. Tenet Healthcare is related to or competes with CVS Corp, Laboratory Corp, and Molina Healthcare. 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 Corp upside and downside potential and time the market with a certain degree of confidence.

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.
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 Corp Backtested Returns

Tenet Healthcare Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0452, which indicates the firm had -0.0452% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Tenet Healthcare Corp exposes twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Tenet Healthcare coefficient of variation of (1,795), and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide.
The entity has a beta of 1.4068, which indicates a somewhat significant risk relative to the market. Let's try to break down what Tenet's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tenet Healthcare will likely underperform. Even though it is essential to pay attention to Tenet Healthcare Corp current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Tenet Healthcare Corp exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Tenet Healthcare Corp has an expected return of -0.24%. Please be advised to validate Tenet Healthcare semi variance, and the relationship between the maximum drawdown and accumulation distribution to decide if Tenet Healthcare Corp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.57  

Good reverse predictability

Tenet Healthcare Corp has good reverse predictability. Overlapping area represents the amount of predictability between Tenet Healthcare time series from 27th of September 2022 to 27th of October 2022 and 27th of October 2022 to 26th of November 2022. 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 Corp price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Tenet Healthcare price fluctuation can be explain by its past prices.
Correlation Coefficient-0.57
Spearman Rank Test-0.13
Residual Average0.0
Price Variance3.88

Tenet Healthcare Corp 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 stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       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   
Share
       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 Corp.
   Regressed Prices   
Share
       Timeline  

Tenet Healthcare Investors Sentiment

The influence of Tenet Healthcare's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Tenet. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Tenet Healthcare's public news can be used to forecast risks associated with investment in Tenet. The trend in average sentiment can be used to explain how an investor holding Tenet can time the market purely based on public headlines and social activities around Tenet Healthcare Corp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Tenet Healthcare's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Tenet Healthcare's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Tenet Healthcare's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Tenet Healthcare.

Tenet Healthcare Implied Volatility

    
  86.44  
Tenet Healthcare's implied volatility exposes the market's sentiment of Tenet Healthcare Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Tenet Healthcare's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Tenet Healthcare stock will not fluctuate a lot when Tenet Healthcare's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Tenet Healthcare in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Tenet Healthcare's short interest history, or implied volatility extrapolated from Tenet Healthcare options trading.

Currently Active Assets on Macroaxis

Additionally, take a look at Tenet Healthcare Correlation, Tenet Healthcare Volatility and Tenet Healthcare Alpha and Beta module to complement your research on Tenet Healthcare. 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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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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.
A focus of Tenet Healthcare technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tenet Healthcare trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...