Tenet Healthcare Stock Price on October 31, 2024
| THC Stock | USD 142.68 0.70 0.49% |
Below is the normalized historical share price chart for Tenet Healthcare extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Tenet Healthcare stands at 142.68, as last reported on the 29th of November, with the highest price reaching 143.59 and the lowest price hitting 141.50 during the day.
If you're considering investing in Tenet Stock, it is important to understand the factors that can impact its price. Tenet Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.046, which indicates the firm had a -0.046% return per unit of risk over the last 3 months. Tenet Healthcare exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tenet Healthcare's Variance of 9.98, risk adjusted performance of (0.03), and Coefficient Of Variation of (1,862) to confirm the risk estimate we provide.
At present, Tenet Healthcare's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 2.6 B, whereas Total Stockholder Equity is forecasted to decline to about 1.3 B. . At present, Tenet Healthcare's Price Earnings Ratio is projected to decrease significantly based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 5.68, whereas Price Earnings To Growth Ratio is forecasted to decline to (0.36). Tenet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 4th of January 1982 | 200 Day MA 134.131 | 50 Day MA 157.8318 | Beta 2.15 |
Tenet |
Sharpe Ratio = -0.046
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Estimated Market Risk
| 3.19 actual daily | 28 72% of assets are more volatile |
Expected Return
| -0.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tenet Healthcare is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tenet Healthcare by adding Tenet Healthcare to a well-diversified portfolio.
Price Book 3.5216 | Enterprise Value Ebitda 3.2749 | Price Sales 0.6438 | Shares Float 94 M | Wall Street Target Price 182.46 |
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Tenet Healthcare Valuation on October 31, 2024
It is possible to determine the worth of Tenet Healthcare on a given historical date. On October 31, 2024 Tenet was worth 156.83 at the beginning of the trading date compared to the closed value of 155.02. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tenet Healthcare stock. Still, in general, we apply an absolute valuation method to find Tenet Healthcare's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tenet Healthcare where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tenet Healthcare's related companies.
| Open | High | Low | Close | Volume | |
| 161.21 | 161.94 | 157.28 | 158.08 | 1,400,993 | |
10/31/2024 | 156.83 | 157.79 | 154.40 | 155.02 | 1,155,010 |
| 156.58 | 157.51 | 154.84 | 156.13 | 1,215,240 |
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Tenet Healthcare Trading Date Momentum on October 31, 2024
| On November 01 2024 Tenet Healthcare was traded for 156.13 at the closing time. Highest Tenet Healthcare's price during the trading hours was 157.51 and the lowest price during the day was 154.84 . The net volume was 1.2 M. The overall trading history on the 1st of November contributed to the next trading period price growth. The trading price change to the next next day price was 0.72% . The trading price change to current price is 7.50% . |
Tenet Healthcare Fundamentals Correlations and Trends
By evaluating Tenet Healthcare's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tenet Healthcare's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tenet financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tenet Healthcare Stock history
Tenet Healthcare investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tenet is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tenet Healthcare will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tenet Healthcare stock prices may prove useful in developing a viable investing in Tenet Healthcare
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 104.8 M | 108.2 M | |
| Net Income Applicable To Common Shares | 369.9 M | 202.1 M |
Tenet Healthcare Quarterly Net Working Capital |
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Tenet Healthcare Stock Technical Analysis
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.
Price Boundaries
Tenet Healthcare Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
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Tenet Healthcare November 29, 2024 Market Strength
Market strength 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 undertsting and applying Tenet Healthcare stock market strength indicators, traders can identify Tenet Healthcare entry and exit signals to maximize returns
Tenet Healthcare Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tenet Healthcare's price direction in advance. Along with the technical and fundamental analysis of Tenet Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tenet to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | (0.47) |
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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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