Tenet Healthcare Stock Alpha and Beta Analysis
| THC Stock | USD 135.22 2.05 1.54% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Tenet Healthcare. It also helps investors analyze the systematic and unsystematic risks associated with investing in Tenet Healthcare over a specified time horizon. Remember, high Tenet Healthcare's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Tenet Healthcare's market risk premium analysis include:
Beta 0.9 | Alpha 0.62 | Risk 2.37 | Sharpe Ratio 0.24 | Expected Return 0.58 |
Tenet Healthcare Quarterly Cash And Equivalents |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
Tenet |
Tenet Healthcare Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Tenet Healthcare market risk premium is the additional return an investor will receive from holding Tenet Healthcare long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Tenet Healthcare. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Tenet Healthcare's performance over market.| α | 0.62 | β | 0.90 |
Tenet Healthcare expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Tenet Healthcare's Buy-and-hold return. Our buy-and-hold chart shows how Tenet Healthcare performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Tenet Healthcare Market Price Analysis
Market price analysis indicators help investors to evaluate how Tenet Healthcare stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tenet Healthcare shares will generate the highest return on investment. By understating and applying Tenet Healthcare stock market price indicators, traders can identify Tenet Healthcare position entry and exit signals to maximize returns.
Tenet Healthcare Return and Market Media
The median price of Tenet Healthcare for the period between Tue, Mar 5, 2024 and Mon, Jun 3, 2024 is 102.32 with a coefficient of variation of 12.92. The daily time series for the period is distributed with a sample standard deviation of 14.06, arithmetic mean of 108.82, and mean deviation of 12.59. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 1102 shares by Paola Arbour of Tenet Healthcare at 94.29 subject to Rule 16b-3 | 04/12/2024 |
2 | Tenet Healthcare shares up over 9 percent as Q1 earnings crush estimates | 04/30/2024 |
3 | Despite Fast-paced Momentum, Tenet Is Still a Bargain Stock | 05/03/2024 |
4 | Acquisition by Lisa Foo of 4198 shares of Tenet Healthcare subject to Rule 16b-3 | 05/08/2024 |
5 | Meet The Power Duo Behind Award-Winning Weed Brand Team Elite Genetics | 05/09/2024 |
6 | Strategic Shifts in Larry Robbins Portfolio Highlight Cigna Groups Significant Reduction | 05/16/2024 |
7 | Acquisition by Ramsey R. Scott of 2803 shares of Tenet Healthcare subject to Rule 16b-3 | 05/17/2024 |
8 | Fitch, SP downgrade Roseville-based Adventist Healths bond rating | 05/21/2024 |
9 | Acquisition by Nadja West of 1551 shares of Tenet Healthcare subject to Rule 16b-3 | 05/23/2024 |
10 | What Is THCA, And Why Doesnt DEA Consider It Legal Hemp | 05/29/2024 |
11 | Tenet Healthcare Corporation Soars to 52-Week High, Time to Cash Out | 05/30/2024 |
About Tenet Healthcare Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Tenet or other stocks. Alpha measures the amount that position in Tenet Healthcare has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2021 | 2022 | 2023 | 2024 (projected) | Inventory Turnover | 8.67 | 8.08 | 44.09 | 32.15 | ROIC | 0.13 | 0.11 | 0.12 | 0.1 |
Tenet Healthcare Upcoming Company Events
As portrayed in its financial statements, the presentation of Tenet Healthcare's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Tenet Healthcare's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Tenet Healthcare's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Tenet Healthcare. Please utilize our Beneish M Score to check the likelihood of Tenet Healthcare's management manipulating its earnings.
| 8th of February 2024 Upcoming Quarterly Report | View | |
| 23rd of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 8th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Tenet Healthcare
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Tenet Healthcare Backtesting, Tenet Healthcare Valuation, Tenet Healthcare Correlation, Tenet Healthcare Hype Analysis, Tenet Healthcare Volatility, Tenet Healthcare History and analyze 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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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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.