Tenet Healthcare Stock Alpha and Beta Analysis

THC Stock  USD 143.32  0.31  0.22%   
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
0.42
Alpha
(0.18)
Risk
3.21
Sharpe Ratio
(0.05)
Expected Return
(0.15)
Please note that although Tenet Healthcare alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., Dow Jones Industrial index.) So in this particular case, Tenet Healthcare did 0.18  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Tenet Healthcare stock's relative risk over its benchmark. Tenet Healthcare has a beta of 0.42  . As returns on the market increase, Tenet Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tenet Healthcare is expected to be smaller as well. At present, Tenet Healthcare's Enterprise Value Over EBITDA is projected to slightly decrease based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 5.68, whereas Tangible Book Value Per Share is projected to grow to (57.64).

Tenet Healthcare Quarterly Cash And Equivalents

1.05 Billion

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.
  
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.

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-0.18   β0.42

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 Wed, Aug 28, 2024 and Tue, Nov 26, 2024 is 161.65 with a coefficient of variation of 4.05. The daily time series for the period is distributed with a sample standard deviation of 6.45, arithmetic mean of 159.31, and mean deviation of 5.21. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
1
Disposition of 2000 shares by Thomas Arnst of Tenet Healthcare at 116.89 subject to Rule 16b-3
09/25/2024
2
Acquisition by Agarwala Vineeta of 1551 shares of Tenet Healthcare subject to Rule 16b-3
10/18/2024
3
Tenet Healthcare Non-GAAP EPS of 2.93 beats by 0.56, revenue of 5.12B beats by 70M
10/29/2024
4
Heres Why Tenet Healthcare is a Strong Growth Stock
10/31/2024
5
Wells Fargo Company Boosts Tenet Healthcare Price Target to 205.00
11/06/2024
6
Heres How Much a 1000 Investment in Tenet Healthcare Made 10 Years Ago Would Be Worth Today
11/08/2024
7
Agrify Corporation Announces Plans to Acquire the Seorita Brand of THC Beverages
11/12/2024
8
Tenet CEO looks ahead to second Trump term
11/13/2024
9
Tenet Healthcare Corp Shares Up 3.92 percent on Nov 14
11/14/2024
10
2024 Election Results How Marijuana Psychedelic Laws Impact Employer Drug Policies
11/15/2024
11
Tenet Healthcare Partners With Commure for Ambient AI Platform
11/20/2024
12
Tenet Healthcare Corporation is Attracting Investor Attention Here is What You Should Know
11/21/2024
13
Tenet Healthcare Corp Trading Down 3.85 percent on Nov 22
11/22/2024

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 Turnover8.678.0844.0932.15
ROIC0.130.110.120.1

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

By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
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:
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.
A focus of Tenet Healthcare technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tenet Healthcare trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...