Tenet Healthcare Stock Forecast - Daily Balance Of Power
| THC Stock | USD 136.71 1.35 1.00% |
Tenet Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Tenet Healthcare stock prices and determine the direction of Tenet Healthcare's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Tenet Healthcare's historical fundamentals, such as revenue growth or operating cash flow patterns.
Tenet |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| 0.1859 | 0.4669 |
| Check Tenet Healthcare Volatility | Backtest Tenet Healthcare | Trend Details |
Tenet Healthcare Trading Date Momentum
| On May 21 2024 Tenet Healthcare was traded for 130.36 at the closing time. Highest Tenet Healthcare's price during the trading hours was 131.04 and the lowest price during the day was 129.29 . The net volume was 770.7 K. The overall trading history on the 21st of May contributed to the next trading period price depreciation. The trading price change to the next next day price was 0.46% . The trading price change to current price is 0.67% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Tenet Healthcare
For every potential investor in Tenet, whether a beginner or expert, Tenet Healthcare's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Tenet Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Tenet. Basic forecasting techniques help filter out the noise by identifying Tenet Healthcare's price trends.Tenet Healthcare Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tenet Healthcare stock to make a market-neutral strategy. Peer analysis of Tenet Healthcare could also be used in its relative valuation, which is a method of valuing Tenet Healthcare by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Tenet Healthcare Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Tenet Healthcare's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Tenet Healthcare's current price.| Cycle Indicators | ||
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Tenet Healthcare Market Strength Events
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.
| Accumulation Distribution | 15463.21 | |||
| Daily Balance Of Power | 0.6398 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 136.68 | |||
| Day Typical Price | 136.69 | |||
| Price Action Indicator | 0.71 | |||
| Period Momentum Indicator | 1.35 |
Tenet Healthcare Risk Indicators
The analysis of Tenet Healthcare's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Tenet Healthcare's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting tenet stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.03 | |||
| Standard Deviation | 3.11 | |||
| Variance | 9.67 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 Historical Fundamental Analysis of Tenet Healthcare to cross-verify your projections. For information on how to trade Tenet Stock refer to our How to Trade Tenet Stock guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Is Health Care Providers & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? 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. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tenet Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.215 | Earnings Share 31.57 | Revenue Per Share 213.204 | Quarterly Revenue Growth 0.011 | Return On Assets 0.0699 |
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. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. 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. However, Tenet Healthcare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.