Tenet Healthcare Stock Probability of Future Stock Price Finishing Over 99.40
| THC Stock | USD 99.40 1.04 1.04% |
Closest to current price Tenet long CALL Option Payoff at Expiration
Tenet |
Tenet Healthcare Target Price Odds to finish over 99.40
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 Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 99.40 | 90 days | 99.40 | about 21.83 |
Based on a normal probability distribution, the odds of Tenet Healthcare to move above the current price in 90 days from now is about 21.83 (This Tenet Healthcare probability density function shows the probability of Tenet Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.57 . 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 Tenet Healthcare has an alpha of 0.2516, implying that it can generate a 0.25 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Tenet Healthcare Price Density |
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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. Regardless of method or technology, however, to accurately forecast the stock 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, anticipate that 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.
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, 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 NYSE Composite | 0.25 | |
β | Beta against NYSE Composite | 1.57 | |
σ | Overall volatility | 8.15 | |
Ir | Information ratio | 0.16 |
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 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 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 benzinga.com: Acquisition by Thomas Arnst of 4213 shares of Tenet Healthcare subject to Rule 16b-3 |
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.
| Common Stock Shares Outstanding | 104.8 M | |
| Cash And Short Term Investments | 1.2 B |
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. 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's time-series forecasting models is one of many Tenet Healthcare's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are 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. This 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
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 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 benzinga.com: Acquisition by Thomas Arnst of 4213 shares of Tenet Healthcare subject to Rule 16b-3 |
Check out 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. 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
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 5.7 | 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.