Tenet Stock Performance

THC
 Stock
  

USD 43.23  1.16  2.61%   

The entity has a beta of 1.5276, 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 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 exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Tenet Healthcare has an expected return of -0.33%. Please be advised to validate Tenet Healthcare semi variance, and the relationship between the maximum drawdown and accumulation distribution to decide if Tenet Healthcare performance from the past will be repeated at some point in the near future.
  
Tenet Performance
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Over the last 90 days Tenet Healthcare has generated negative risk-adjusted returns adding no value to investors with long positions. Despite conflicting performance in the last few months, the Stock's technical indicators remain somewhat strong which may send shares a bit higher in January 2023. The current disturbance may also be a sign of long term up-swing for the company investors. ...more

Structure and Payout Changes

Last Split Factor
1:4
Ex Dividend Date
2000-03-13
Last Split Date
2012-10-11

Tenet Price Channel

Begin Period Cash Flow2446000000.00
DescriptionTenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments Hospital Operations and Oth
Total Cashflows From Investing Activities-714000000.00

Tenet Healthcare Relative Risk vs. Return Landscape

If you would invest  6,002  in Tenet Healthcare on September 7, 2022 and sell it today you would lose (1,608)  from holding Tenet Healthcare or give up 26.8% of portfolio value over 90 days. Tenet Healthcare is generating negative expected returns assuming volatility of 5.2541% on return distribution over 90 days investment horizon. In other words, 45% of stocks are less volatile than Tenet, and above 99% of all equities are expected to generate higher returns over the next 90 days.
  Daily Expected Return (%)  
       Risk (%)  
Considering the 90-day investment horizon Tenet Healthcare is expected to under-perform the market. In addition to that, the company is 3.45 times more volatile than its market benchmark. It trades about -0.06 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.07 per unit of volatility.

Tenet Healthcare Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Tenet Healthcare's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Tenet Healthcare, and traders can use it to determine the average amount a Tenet Healthcare's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0631

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Negative ReturnsTHC
Estimated Market Risk
 5.25
  actual daily
 
 45 %
of total potential
 
4545
Expected Return
 -0.33
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 -0.06
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Based on monthly moving average Tenet Healthcare is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tenet Healthcare by adding it to a well-diversified portfolio.

About Tenet Healthcare Performance

To evaluate Tenet Healthcare Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Tenet Healthcare generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Tenet Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Tenet Healthcare market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Tenet's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Investment 17.71  19.11 
Return on Average Assets 3.34  3.61 
Return on Average Equity 199.07  214.79 
Return on Invested Capital 0.0306  0.033 
Return on Sales 0.0396  0.0427 

Things to note about Tenet Healthcare

Checking the ongoing alerts about Tenet Healthcare for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Tenet Healthcare help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Tenet Healthcare Alerts

Equity Alerts and Improvement Suggestions

Tenet Healthcare generated a negative expected return over the last 90 days
Tenet Healthcare has high historical volatility and very poor performance
Over 99.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Should You Invest in Tenet Healthcare Corporation Stock - Yahoo Finance
Additionally, take a look at World Market Map. Note that the Tenet Healthcare 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running Tenet Healthcare 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
4.8 B
Quarterly Revenue Growth YOY
(0.019) 
Return On Assets
0.0593
Return On Equity
0.28
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 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.