Tenet Healthcare Stock Price on December 16, 2024
THC Stock | USD 134.43 3.57 2.73% |
If you're considering investing in Tenet Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tenet Healthcare stands at 134.43, as last reported on the 21st of January, with the highest price reaching 134.91 and the lowest price hitting 131.17 during the day. Tenet Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0691, which indicates the firm had a -0.0691 % return per unit of risk over the last 3 months. Tenet Healthcare exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tenet Healthcare's Coefficient Of Variation of (1,447), variance of 9.68, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide.
Tenet Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tenet |
Sharpe Ratio = -0.0691
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Estimated Market Risk
3.11 actual daily | 27 73% of assets are more volatile |
Expected Return
-0.21 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.07 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.
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Tenet Healthcare Valuation on December 16, 2024
It is possible to determine the worth of Tenet Healthcare on a given historical date. On December 16, 2024 Tenet was worth 133.67 at the beginning of the trading date compared to the closed value of 133.77. 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 | |
135.62 | 137.73 | 135.62 | 136.71 | 1,009,359 | |
12/16/2024 | 133.67 | 138.68 | 132.75 | 133.77 | 1,910,789 |
133.00 | 134.53 | 131.54 | 132.55 | 1,316,171 |
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Tenet Healthcare Trading Date Momentum on December 16, 2024
On December 17 2024 Tenet Healthcare was traded for 132.55 at the closing time. Highest Tenet Healthcare's price during the trading hours was 134.53 and the lowest price during the day was 131.54 . The net volume was 1.3 M. The overall trading history on the 17th of December 2024 contributed to the next trading period price depreciation. The trading price change to the next next day price was 0.91% . The trading price change to current price is 3.31% . |
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
Tenet Healthcare Corporation operates as a diversified healthcare services company. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas. Tenet Healthcare operates under Medical Care Facilities classification in the United States and is traded on New York Stock Exchange. It employs 76836 people.
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 | January 21, 2025
| High |
0.00 | 0.00 |
Tenet Healthcare cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Tenet Healthcare January 21, 2025 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 | (0.05) | |||
Jensen Alpha | (0.23) | |||
Total Risk Alpha | (0.32) | |||
Treynor Ratio | (0.92) |
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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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