Tenet Healthcare Stock Performance
THC Stock | USD 105.31 0.44 0.42% |
On a scale of 0 to 100, Tenet Healthcare holds a performance score of 23. The entity has a beta of 1.78, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Tenet Healthcare will likely underperform. Please check Tenet Healthcare's semi variance, and the relationship between the maximum drawdown and daily balance of power , to make a quick decision on whether Tenet Healthcare's existing price patterns will revert.
Risk-Adjusted Performance
23 of 100
Low | High |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Tenet Healthcare are ranked lower than 23 (%) of all global equities and portfolios over the last 90 days. In spite of rather abnormal technical indicators, Tenet Healthcare exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 2.49 | Five Day Return 1.21 | Year To Date Return 37.93 | Ten Year Return 150.53 | All Time Return 271 |
Last Split Factor 1:4 | Ex Dividend Date 2000-03-13 | Last Split Date 2012-10-11 |
1 | Tenet Reports Fourth Quarter and FY 2023 Results Provides 2024 Financial Outlook | 02/08/2024 |
2 | Atika Capital Management LLC Sells 177500 Shares of Tenet Healthcare Co. - MarketBeat | 02/14/2024 |
3 | Acquisition by Lisa Foo of 1104 shares of Tenet Healthcare subject to Rule 16b-3 | 02/23/2024 |
4 | 2 SLO County hospitals sold for 550 million. Heres what we know | 02/29/2024 |
5 | Disposition of 18168 shares by Paola Arbour of Tenet Healthcare at 96.96 subject to Rule 16b-3 | 03/06/2024 |
6 | Paola M. Arbour Sells 18,168 Shares of Tenet Healthcare Co. Stock | 03/11/2024 |
7 | Tenet Healthcare Increases Despite Market Slip Heres What You Need to Know | 03/13/2024 |
8 | Does Tenet Healthcare Have A Healthy Balance Sheet | 03/18/2024 |
9 | Tenet Healthcare Reaches New 12-Month High at 101.97 - MarketBeat | 03/19/2024 |
10 | Investing in Tenet Healthcare five years ago would have delivered you a 265 percent gain | 03/21/2024 |
11 | Tenet Healthcare Registers a Bigger Fall Than the Market Important Facts to Note | 03/22/2024 |
12 | UC Irvine Health Aquires Los Alamitos Medical Center | 03/27/2024 |
Begin Period Cash Flow | 858 M |
Tenet |
Tenet Healthcare Relative Risk vs. Return Landscape
If you would invest 7,557 in Tenet Healthcare on December 29, 2023 and sell it today you would earn a total of 2,930 from holding Tenet Healthcare or generate 38.77% return on investment over 90 days. Tenet Healthcare is generating 0.5551% of daily returns assuming volatility of 1.8473% on return distribution over 90 days investment horizon. In other words, 16% of stocks are less volatile than Tenet, and above 90% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
Risk |
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 = 0.3005
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Estimated Market Risk
1.85 actual daily | 16 84% of assets are more volatile |
Expected Return
0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
0.3 actual daily | 23 77% of assets perform better |
Based on monthly moving average Tenet Healthcare is performing at about 23% 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.
Tenet Healthcare Fundamentals Growth
Tenet Stock prices reflect investors' perceptions of the future prospects and financial health of Tenet Healthcare, and Tenet Healthcare fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Tenet Stock performance.
Return On Equity | 0.26 | ||||
Return On Asset | 0.0629 | ||||
Current Valuation | 24.01 B | ||||
Shares Outstanding | 100 M | ||||
Price To Earning | 11.95 X | ||||
Price To Book | 6.36 X | ||||
Price To Sales | 0.51 X | ||||
Revenue | 20.55 B | ||||
Gross Profit | 7.05 B | ||||
EBITDA | 3.3 B | ||||
Net Income | 611 M | ||||
Cash And Equivalents | 858 M | ||||
Cash Per Share | 11.19 X | ||||
Debt To Equity | 3.30 % | ||||
Current Ratio | 1.40 X | ||||
Cash Flow From Operations | 2.37 B | ||||
Earnings Per Share | 5.71 X | ||||
Total Asset | 28.31 B | ||||
Retained Earnings | (192 M) | ||||
Current Asset | 3.38 B | ||||
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 Reported | Projected for 2024 | ||
Return On Capital Employed | 0.10 | 0.12 | |
Return On Assets | 0.02 | 0.02 | |
Return On Equity | 0.38 | 0.61 |
Things to note about Tenet Healthcare performance evaluation
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 is unlikely to experience financial distress in the next 2 years | |
Tenet Healthcare has a strong financial position based on the latest SEC filings | |
Over 97.0% of the company shares are owned by institutional investors | |
Latest headline from patch.com: UC Irvine Health Aquires Los Alamitos Medical Center |
- Analyzing Tenet Healthcare's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Tenet Healthcare's stock is overvalued or undervalued compared to its peers.
- Examining Tenet Healthcare's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Tenet Healthcare's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Tenet Healthcare's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Tenet Healthcare's stock. These opinions can provide insight into Tenet Healthcare's potential for growth and whether the stock is currently undervalued or overvalued.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tenet Healthcare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.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 the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Tenet Stock analysis
When running Tenet Healthcare's 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 the 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 1.403 | Earnings Share 5.71 | Revenue Per Share 202.166 | Quarterly Revenue Growth 0.078 | Return On Assets 0.0629 |
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.