THC Tenet Healthcare Corporation New

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

THC vs HCA

Both indexed to 100 at 2026-05-11.

THC HCA · range 84–152 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

HCA HCA Healthcare, Inc.

ρ +0.71beyond mkt +0.65holdout +0.73stable 100%robust

UHS Universal Health Services, Inc. Class B

ρ +0.64beyond mkt +0.57holdout +0.58stable 100%robust

CYH Community Health Systems, Inc.

ρ +0.48beyond mkt +0.41holdout +0.38stable 100%robust

EHC Encompass Health Corporation Common Stock

ρ +0.51beyond mkt +0.40holdout +0.41stable 100%robust

ARDT Ardent Health, Inc.

ρ +0.46beyond mkt +0.37holdout +0.46stable 100%robust

XHS State Street SPDR S&P Health Care Services ETF

ρ +0.49beyond mkt +0.34holdout +0.46stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

CNMD CONMED Corporation

horizon 10dρ +0.50holdout +0.45stable 62%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

BTA Beacon Tactical Alternatives Risk ETF

Δ -0.45recent -0.35prior +0.10beyond mkt +0.02

BRCC BRC Inc.

Δ +0.42recent +0.44prior +0.02beyond mkt -0.05

BNGO Bionano Genomics, Inc. Common Stock

Δ -0.42recent -0.33prior +0.09beyond mkt -0.03

EXE Expand Energy Corporation Common Stock

Δ -0.40recent -0.33prior +0.07beyond mkt +0.02

TH Target Hospitality Corp. Common Stock

Δ -0.40recent -0.31prior +0.08beyond mkt +0.01

FET Forum Energy Technologies, Inc.

Δ -0.40recent -0.34prior +0.05beyond mkt +0.03

Abnormal volume rises and falls on the same days as THC's, while prices do not move together: the same hands, not the same business.

Symbol	traded together ρ	big prints together ρ	priced together ρ	q
EFOR Everforth, Inc.	+0.36	+0.33	+0.03	8e-13
TNL Travel + Leisure Co.	+0.37	+0.20	-0.00	3e-13
BIO Bio-Rad Laboratories, Inc.Class A	+0.31	+0.26	+0.01	4e-9
MANH Manhattan Associates, Inc. Common Stock	+0.30	+0.27	+0.02	6e-9
CR Crane Company	+0.30	+0.25	+0.02	9e-9
TR Tootsie Roll Industries, Inc.	+0.31	+0.24	-0.02	4e-9

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
HCA HCA Healthcare, Inc.	+0.65	+0.71	20
CYH Community Health Systems, Inc.	+0.41	+0.48	14
UHS Universal Health Services, Inc. Class B	+0.57	+0.64	19
EHC Encompass Health Corporation Common Stock	+0.40	+0.51	18
ARDT Ardent Health, Inc.	+0.37	+0.46	17