Tenet Healthcare Corporation (THC)
Tenet Healthcare Corporation is a diversified health services company. The company is headquartered in Dallas, Texas.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 345.96% per annum.
- THC price at the close of May 17, 2024 was $128.47 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 181.49% per annum.
- THC price at the close of May 17, 2024 was higher than the top border of the secondary price channel by $4.16 (3.35%).
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of THC price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: October 11, 2023
End date: April 3, 2024
a = -2.5971
b = 0.0041
s = 0.0457
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0041) – 1
= 345.96%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0457) – 1
= 20.06%
October 11, 2023 calculations
Top border of price channel:
Exp(Y1,107)
= Exp(a + b × X1,107 + 2 × s)
= Exp(a + b × 1,605 + 2 × s)
= Exp(-2.5971 + 0.0041 × 1,605 + 2 × 0.0457)
= Exp(4.0685)
= $58.47
Bottom border of price channel:
Exp(Y1,107)
= Exp(a + b × X1,107 – 2 × s)
= Exp(a + b × 1,605 – 2 × s)
= Exp(-2.5971 + 0.0041 × 1,605 – 2 × 0.0457)
= Exp(3.8857)
= $48.70
April 3, 2024 calculations
Top border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 + 2 × s)
= Exp(a + b × 1,780 + 2 × s)
= Exp(-2.5971 + 0.0041 × 1,780 + 2 × 0.0457)
= Exp(4.7853)
= $119.74
Bottom border of price channel:
Exp(Y1,226)
= Exp(a + b × X1,226 – 2 × s)
= Exp(a + b × 1,780 – 2 × s)
= Exp(-2.5971 + 0.0041 × 1,780 – 2 × 0.0457)
= Exp(4.6025)
= $99.74
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 345.96% per annum.
- THC price at the close of May 17, 2024 was $128.47 and was inside the primary price channel.
Secondary Trend
Start date: November 17, 2023
End date: April 30, 2024
a = -0.4368
b = 0.0028
s = 0.0439
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0028) – 1
= 181.49%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0439) – 1
= 19.19%
November 17, 2023 calculations
Top border of price channel:
Exp(Y1,134)
= Exp(a + b × X1,134 + 2 × s)
= Exp(a + b × 1,642 + 2 × s)
= Exp(-0.4368 + 0.0028 × 1,642 + 2 × 0.0439)
= Exp(4.3067)
= $74.20
Bottom border of price channel:
Exp(Y1,134)
= Exp(a + b × X1,134 – 2 × s)
= Exp(a + b × 1,642 – 2 × s)
= Exp(-0.4368 + 0.0028 × 1,642 – 2 × 0.0439)
= Exp(4.1312)
= $62.25
April 30, 2024 calculations
Top border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 + 2 × s)
= Exp(a + b × 1,807 + 2 × s)
= Exp(-0.4368 + 0.0028 × 1,807 + 2 × 0.0439)
= Exp(4.7745)
= $118.46
Bottom border of price channel:
Exp(Y1,245)
= Exp(a + b × X1,245 – 2 × s)
= Exp(a + b × 1,807 – 2 × s)
= Exp(-0.4368 + 0.0028 × 1,807 – 2 × 0.0439)
= Exp(4.5990)
= $99.39
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 181.49% per annum.
- THC price at the close of May 17, 2024 was higher than the top border of the secondary price channel by $4.16 (3.35%).