Tenet Competitors

THC Stock  USD 189.49  0.09  0.05%   
Tenet Healthcare competes with SEI Investments, Demant AS, Coca Cola, Golub Capital, and First Trust; as well as few others. The company runs under Health Care Providers & Services sector within Health Care industry. Analyzing Tenet Healthcare competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Tenet Healthcare to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Tenet Healthcare Correlation with its peers.
For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.

Tenet Healthcare vs Oaktree Capital Correlation

Average diversification

The correlation between Tenet Healthcare and OAK-PB is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tenet Healthcare and OAK-PB in the same portfolio, assuming nothing else is changed.

Moving against Tenet Stock

  0.44NPTH NeuPath HealthPairCorr
  0.34CAH Cardinal Health Earnings Call This WeekPairCorr
  0.33EHAB EnhabitPairCorr
The current year's Return On Tangible Assets is expected to grow to 0.18. The current year's Return On Capital Employed is expected to grow to 0.29. At present, Tenet Healthcare's Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 237.5 M, whereas Other Current Assets are forecasted to decline to about 823.6 M.
Specify up to 10 symbols:
Hype
Prediction
LowEstimatedHigh
187.01189.24191.47
Details
Intrinsic
Valuation
LowRealHigh
170.54216.82219.05
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Naive
Forecast
LowNextHigh
175.98178.21180.44
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22 Analysts
Consensus
LowTargetHigh
216.28237.67263.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Tenet Healthcare. Your research has to be compared to or analyzed against Tenet Healthcare's peers to derive any actionable benefits. When done correctly, Tenet Healthcare's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Tenet Healthcare.

Tenet Healthcare Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Tenet Healthcare and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Tenet and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Tenet Healthcare does not affect the price movement of the other competitor.

High positive correlations

BWASEIC
OAK-PBWILLF
CCHBFSEIC
OAK-PBORIC
BWACCHBF
ORICWILLF
  

High negative correlations

ORICCCHBF
ORICSEIC
BWANFTY
BCRDCCHBF
NFTYCCHBF
BWAORIC

Risk-Adjusted Indicators

There is a big difference between Tenet Stock performing well and Tenet Healthcare Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Tenet Healthcare's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cross Equities Net Income Analysis

Compare Tenet Healthcare and related stocks such as SEI Investments, Demant AS, and Coca Cola HBC Net Income Over Time
Select Fundamental
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Return On Equity
20102011201220132014201520162017201820192020202120222023202420252026
SEIC3.8 M205 M206.8 M288.1 M318.7 M331.7 M333.8 M404.4 M505.9 M501.4 M447.3 M546.6 M475.5 M462.3 M581.2 M668.4 M701.8 M
GBDC59 K31.8 M46.5 M65.4 M70.8 M69.2 M82.3 M82 M(18.6 M)54.9 M340.3 M153.4 M258.6 M273.8 M396.8 M456.3 M479.1 M
ORIC(22 M)(22 M)(22 M)(22 M)(22 M)(22 M)(22 M)(22 M)(21.4 M)(26.9 M)(73.7 M)(77.7 M)(89.1 M)(100.7 M)(127.8 M)(115.1 M)(109.3 M)
BWA(12.1 M)550.1 M500.9 M624.3 M655.8 M609.7 M118.5 M439.9 M930.7 M746 M500 M537 M944 M625 M338 M388.7 M335.4 M

Tenet Healthcare and related stocks such as SEI Investments, Demant AS, and Coca Cola HBC Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Tenet Healthcare financial statement analysis. It represents the amount of money remaining after all of Tenet Healthcare operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Tenet Healthcare Competitive Analysis

The better you understand Tenet Healthcare competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Tenet Healthcare's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Tenet Healthcare's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
THC SEIC WILLF CCHBF GBDC NFTY ORIC BCRD BWA OAK-PB
 0.05 
 189.49 
Tenet
 2.25 
 88.04 
SEI
 2.50 
 36.53 
Demant
 0.00 
 51.60 
Coca
 0.07 
 13.55 
Golub
 0.04 
 56.10 
First
 2.00 
 10.76 
Oric
 0.66 
 7.50 
Blueone
 1.35 
 48.93 
BorgWarner
 1.12 
 21.61 
Oaktree
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(90 Days Market Risk)
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(90 Days Performance)
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(Probability Of Bankruptcy)
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(Equity Enterprise Value)
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(Average Analysts Consensus)
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(90 Days Macroaxis Advice)
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Tenet Healthcare Competition Performance Charts

Five steps to successful analysis of Tenet Healthcare Competition

Tenet Healthcare's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Tenet Healthcare in relation to its competition. Tenet Healthcare's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Tenet Healthcare in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Tenet Healthcare's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Tenet Healthcare, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

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When determining whether Tenet Healthcare offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tenet Healthcare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tenet Healthcare Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tenet Healthcare Stock:
Check out Tenet Healthcare Correlation with its peers.
For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Will Health Care Providers & Services sector continue expanding? Could Tenet diversify its offerings? 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. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Tenet Healthcare data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth
(0.21)
Earnings Share
14.71
Revenue Per Share
226.324
Quarterly Revenue Growth
0.032
Return On Assets
0.0775
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. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. 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. Meanwhile, Tenet Healthcare's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.