Tenet Healthcare Backtesting

THC -- USA Stock  

USD 25.52  0.52  2.08%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Tenet Healthcare Corporation and determine expected loss or profit from investing in Tenet Healthcare over given investment horizon. Also please take a look at Tenet Healthcare Hype Analysis, Tenet Healthcare Correlation, Tenet Healthcare Valuation, Tenet Healthcare Volatility as well as analyze Tenet Healthcare Alpha and Beta and Tenet Healthcare Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

Tenet Healthcare 'What if' Analysis

June 21, 2019
0.00
No Change 0.00  0.0%
In 2 months and 31 days
September 19, 2019
0.00
If you would invest  0.00  in Tenet Healthcare on June 21, 2019 and sell it all today you would earn a total of 0.00 from holding Tenet Healthcare Corporation or generate 0.0% return on investment in Tenet Healthcare over 90 days. Tenet Healthcare Corporation operates as a diversified healthcare services company

Tenet Healthcare Upside/Downside Indicators

Downside Deviation2.71
Information Ratio0.0702
Maximum Drawdown22.31
Value At Risk(3.51)
Potential Upside8.04

Tenet Healthcare Market Premium Indicators

Risk Adjusted Performance0.0789
Jensen Alpha0.3512
Total Risk Alpha0.1669
Sortino Ratio0.1056
Treynor Ratio(0.33)

Tenet Healthcare Backtested Returns

Macroaxis considers Tenet Healthcare slightly risky given 3 months investment horizon. Tenet Healthcare owns Efficiency Ratio (i.e. Sharpe Ratio) of 0.0934 which indicates the firm had 0.0934% of return per unit of risk over the last 3 months. Our philosophy towards measuring volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Tenet Healthcare Corporation which you can use to evaluate future volatility of the company. Please operate Tenet Healthcare Coefficient Of Variation of 1238.53, Risk Adjusted Performance of 0.0789 and Semi Deviation of 2.51 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100 Tenet Healthcare holds performance score of 6. The entity has beta of -0.9571 which indicates Although it is vital to follow to Tenet Healthcare current price movements, it is good to be conservative about what you can actually do with the information regarding equity historical returns. The philosophy towards measuring future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By inspecting Tenet Healthcare technical indicators you can presently evaluate if the expected return of 0.3922% will be sustainable into the future. Please operates Tenet Healthcare Variance, Maximum Drawdown as well as the relationship between Maximum Drawdown and Semi Variance to make a quick decision on weather Tenet Healthcare existing price patterns will revert.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.84 
correlation synergy

Very good predictability

Tenet Healthcare Corporation has very good predictability. Overlapping area represents the amount of predictability between Tenet Healthcare time series from June 21, 2019 to August 5, 2019 and August 5, 2019 to September 19, 2019. 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 price movement. The serial correlation of 0.84 indicates that around 84.0% of current Tenet Healthcare price fluctuation can be explain by its past prices.
Correlation Coefficient0.84
Spearman Rank Test0.61
Residual Average0.0
Price Variance3.58

Tenet Healthcare lagged returns against current returns

 Current and Lagged Values 
      Timeline 

Tenet Healthcare regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

Tenet Healthcare Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - THC

Tenet Healthcare Investor Sentiment

Greater number of Macroaxis users are at this time bullish on Tenet Healthcare Corporation. What is your outlook on investing in Tenet Healthcare Corporation? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Also please take a look at Tenet Healthcare Hype Analysis, Tenet Healthcare Correlation, Tenet Healthcare Valuation, Tenet Healthcare Volatility as well as analyze Tenet Healthcare Alpha and Beta and Tenet Healthcare Performance. Please also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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