Tenet Healthcare Stock Technical Analysis
| THC Stock | USD 147.92 3.92 2.58% |
As of the 22nd of November, Tenet Healthcare has the Risk Adjusted Performance of (0.02), variance of 10.04, and Coefficient Of Variation of (2,868). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tenet Healthcare, as well as the relationship between them.
Tenet Healthcare Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tenet, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TenetTenet |
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.
Tenet Healthcare Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Tenet Healthcare volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Tenet Healthcare Trend Analysis
Use this graph to draw trend lines for Tenet Healthcare. You can use it to identify possible trend reversals for Tenet Healthcare as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Tenet Healthcare price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Tenet Healthcare Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tenet Healthcare applied against its price change over selected period. The best fit line has a slop of 0.1 , which may imply that the returns on investment in Tenet Healthcare will continue to fail. It has 122 observation points and a regression sum of squares at 346.83, which is the sum of squared deviations for the predicted Tenet Healthcare price change compared to its average price change.About Tenet Healthcare Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Tenet Healthcare on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Tenet Healthcare based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Tenet Healthcare price pattern first instead of the macroeconomic environment surrounding Tenet Healthcare. By analyzing Tenet Healthcare's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Tenet Healthcare's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Tenet Healthcare specific price patterns or momentum indicators. Please read more on our technical analysis page.
Tenet Healthcare November 22, 2024 Technical Indicators
Most technical analysis of Tenet help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Tenet from various momentum indicators to cycle indicators. When you analyze Tenet charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | (0.11) | |||
| Mean Deviation | 2.03 | |||
| Coefficient Of Variation | (2,868) | |||
| Standard Deviation | 3.17 | |||
| Variance | 10.04 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.53) | |||
| Treynor Ratio | (0.12) | |||
| Maximum Drawdown | 21.18 | |||
| Value At Risk | (4.49) | |||
| Potential Upside | 3.81 | |||
| Skewness | 2.16 | |||
| Kurtosis | 11.84 |
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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