Encompass Health Corporation vs Tenet Healthcare Corporation
Why these are rivals: #2 and #3 by market value ($21B vs $12B) in Nasdaq's "Hospital/Nursing Management" industry; SEC SIC 8062 / 8060 (same major group).
Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.
- Co-movement: daily return correlation, 252 sessions: 0.31 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -2.32 (needs <= -2.873 (5% critical value))
THC is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | EHC | THC | Larger |
|---|---|---|---|
| 2025 | $5.9B | $21.3B | THC |
| 2024 | $5.4B | $20.7B | THC |
| 2023 | $4.8B | $20.6B | THC |
| 2022 | $4.3B | $19.2B | THC |
| 2021 | $4.0B | $19.5B | THC |
| 2020 | $3.6B | $17.6B | THC |
THC led in every year with figures for both. Market value: EHC $12.0B, THC $21.4B.
THC is ahead now
Measured against the pair's own last 252 trading days.
THC leads EHC by 1.04 standard deviations: +10.9% over its usual price ratio. 2 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| EHC | +11.6% | +23.7% | +0.9% |
| THC | +16.1% | +43.7% | +33.7% |
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.31 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -2.32 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 17.22 (needs <= 63)
- Data
- Both stocks current
Prices side by side, and the gap between them
Data table (504 sessions)
| Date | EHC index | THC index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 129.65 | 165.15 | -1.04 | THC ahead |
| 2026-10-21 | 123.95 | 164.23 | -1.44 | THC ahead |
| 2026-10-20 | 125.19 | 166.18 | -1.47 | THC ahead |
| 2026-10-19 | 125.23 | 162.56 | -1.26 | THC ahead |
| 2026-10-16 | 131.57 | 163.09 | -0.80 | THC ahead |
| 2026-10-15 | 131.46 | 167.90 | -1.11 | THC ahead |
| 2026-10-14 | 130.22 | 165.74 | -1.08 | THC ahead |
| 2026-10-13 | 127.92 | 162.88 | -1.09 | THC ahead |
| 2026-10-12 | 128.02 | 164.01 | -1.15 | THC ahead |
| 2026-10-09 | 126.90 | 160.97 | -1.07 | THC ahead |
| 2026-10-08 | 126.08 | 159.01 | -1.02 | THC ahead |
| 2026-10-07 | 126.02 | 158.56 | -1.00 | THC ahead |
| 2026-10-06 | 128.30 | 157.73 | -0.79 | THC ahead |
| 2026-10-05 | 124.47 | 158.34 | -1.12 | THC ahead |
| 2026-10-02 | 123.26 | 157.82 | -1.19 | THC ahead |
| 2026-10-01 | 122.50 | 154.98 | -1.08 | THC ahead |
| 2026-09-30 | 125.00 | 155.95 | -0.96 | THC ahead |
| 2026-09-29 | 127.13 | 157.20 | -0.88 | THC ahead |
| 2026-09-28 | 127.61 | 157.40 | -0.86 | THC ahead |
| 2026-09-25 | 127.04 | 158.49 | -0.98 | THC ahead |
| 2026-09-24 | 125.54 | 152.28 | -0.72 | THC ahead |
| 2026-09-23 | 125.74 | 156.49 | -0.96 | THC ahead |
| 2026-09-22 | 126.31 | 159.92 | -1.13 | THC ahead |
| 2026-09-21 | 125.07 | 159.25 | -1.19 | THC ahead |
| 2026-09-18 | 125.27 | 159.88 | -1.22 | THC ahead |
| 2026-09-17 | 126.70 | 159.82 | -1.11 | THC ahead |
| 2026-09-16 | 127.49 | 162.19 | -1.20 | THC ahead |
| 2026-09-15 | 125.53 | 159.18 | -1.18 | THC ahead |
| 2026-09-14 | 126.07 | 161.41 | -1.27 | THC ahead |
| 2026-09-11 | 125.23 | 160.91 | -1.31 | THC ahead |
| 2026-09-10 | 124.54 | 160.77 | -1.36 | THC ahead |
| 2026-09-09 | 125.03 | 164.20 | -1.52 | THC ahead |
| 2026-09-08 | 123.95 | 158.09 | -1.27 | THC ahead |
| 2026-09-04 | 125.31 | 161.74 | -1.39 | THC ahead |
| 2026-09-03 | 126.13 | 160.79 | -1.29 | THC ahead |
| 2026-09-02 | 124.68 | 157.77 | -1.23 | THC ahead |
| 2026-09-01 | 125.58 | 162.23 | -1.42 | THC ahead |
| 2026-08-31 | 123.69 | 162.27 | -1.57 | THC ahead |
| 2026-08-28 | 124.34 | 162.81 | -1.56 | THC ahead |
| 2026-08-27 | 123.03 | 163.39 | -1.69 | THC ahead |
| 2026-08-26 | 124.27 | 167.32 | -1.83 | THC ahead |
| 2026-08-25 | 123.61 | 165.91 | -1.81 | THC ahead |
| 2026-08-24 | 124.42 | 170.01 | -1.98 | THC ahead |
| 2026-08-21 | 123.79 | 171.34 | -2.11 | THC ahead |
| 2026-08-20 | 124.41 | 166.35 | -1.83 | THC ahead |
| 2026-08-19 | 125.26 | 163.86 | -1.64 | THC ahead |
| 2026-08-18 | 125.63 | 164.89 | -1.68 | THC ahead |
| 2026-08-17 | 125.52 | 161.45 | -1.52 | THC ahead |
| 2026-08-14 | 127.16 | 163.48 | -1.52 | THC ahead |
| 2026-08-13 | 127.12 | 162.96 | -1.51 | THC ahead |
| 2026-08-12 | 128.44 | 162.81 | -1.42 | THC ahead |
| 2026-08-11 | 128.97 | 158.33 | -1.15 | THC ahead |
| 2026-08-10 | 129.45 | 158.62 | -1.14 | THC ahead |
| 2026-08-07 | 128.85 | 159.96 | -1.26 | THC ahead |
| 2026-08-06 | 128.43 | 156.61 | -1.11 | THC ahead |
| 2026-08-05 | 114.11 | 159.72 | -2.28 | THC ahead |
| 2026-08-04 | 113.69 | 154.59 | -2.06 | THC ahead |
| 2026-08-03 | 115.72 | 152.55 | -1.82 | THC ahead |
| 2026-07-31 | 114.28 | 155.48 | -2.10 | THC ahead |
| 2026-07-30 | 114.10 | 154.23 | -2.07 | THC ahead |
| 2026-07-29 | 117.09 | 157.21 | -2.03 | THC ahead |
| 2026-07-28 | 119.38 | 160.27 | -2.05 | THC ahead |
| 2026-07-27 | 117.17 | 148.51 | -1.57 | THC ahead |
| 2026-07-24 | 116.15 | 142.31 | -1.30 | THC ahead |
| 2026-07-23 | 114.27 | 121.45 | -0.12 | near the usual relationship |
| 2026-07-22 | 114.23 | 119.21 | +0.03 | near the usual relationship |
| 2026-07-21 | 115.34 | 119.91 | +0.06 | near the usual relationship |
| 2026-07-20 | 115.75 | 118.62 | +0.18 | near the usual relationship |
| 2026-07-17 | 115.45 | 118.94 | +0.13 | near the usual relationship |
| 2026-07-16 | 115.74 | 121.56 | -0.03 | near the usual relationship |
| 2026-07-15 | 113.06 | 117.37 | +0.06 | near the usual relationship |
| 2026-07-14 | 111.87 | 112.09 | +0.34 | near the usual relationship |
| 2026-07-13 | 113.22 | 118.88 | -0.05 | near the usual relationship |
| 2026-07-10 | 113.34 | 124.64 | -0.43 | near the usual relationship |
| 2026-07-09 | 114.23 | 126.18 | -0.47 | near the usual relationship |
| 2026-07-08 | 113.44 | 125.87 | -0.51 | THC ahead |
| 2026-07-07 | 113.92 | 127.43 | -0.58 | THC ahead |
| 2026-07-06 | 110.08 | 125.83 | -0.76 | THC ahead |
| 2026-07-02 | 109.54 | 124.32 | -0.71 | THC ahead |
| 2026-07-01 | 104.32 | 116.68 | -0.60 | THC ahead |
| 2026-06-30 | 104.00 | 114.16 | -0.46 | near the usual relationship |
| 2026-06-29 | 103.82 | 114.22 | -0.48 | near the usual relationship |
| 2026-06-26 | 104.26 | 115.34 | -0.53 | THC ahead |
| 2026-06-25 | 102.60 | 112.25 | -0.45 | near the usual relationship |
| 2026-06-24 | 105.21 | 111.65 | -0.22 | near the usual relationship |
| 2026-06-23 | 102.79 | 110.38 | -0.32 | near the usual relationship |
| 2026-06-22 | 101.53 | 109.08 | -0.33 | near the usual relationship |
| 2026-06-18 | 100.86 | 105.31 | -0.12 | near the usual relationship |
| 2026-06-17 | 100.72 | 108.93 | -0.39 | near the usual relationship |
| 2026-06-16 | 102.73 | 112.02 | -0.46 | near the usual relationship |
| 2026-06-15 | 102.23 | 109.30 | -0.32 | near the usual relationship |
| 2026-06-12 | 104.40 | 106.58 | +0.02 | near the usual relationship |
| 2026-06-11 | 105.34 | 105.68 | +0.14 | near the usual relationship |
| 2026-06-10 | 106.34 | 100.55 | +0.57 | EHC ahead |
| 2026-06-09 | 107.20 | 101.52 | +0.55 | EHC ahead |
| 2026-06-08 | 104.03 | 99.48 | +0.48 | near the usual relationship |
| 2026-06-05 | 107.02 | 98.90 | +0.72 | EHC ahead |
| 2026-06-04 | 102.73 | 98.47 | +0.45 | near the usual relationship |
| 2026-06-03 | 106.15 | 100.59 | +0.53 | EHC ahead |
| 2026-06-02 | 104.49 | 99.84 | +0.46 | near the usual relationship |
| 2026-06-01 | 105.70 | 103.80 | +0.26 | near the usual relationship |
| 2026-05-29 | 108.91 | 106.99 | +0.25 | near the usual relationship |
| 2026-05-28 | 108.41 | 105.69 | +0.30 | near the usual relationship |
| 2026-05-27 | 107.31 | 110.49 | -0.10 | near the usual relationship |
| 2026-05-26 | 107.94 | 107.63 | +0.12 | near the usual relationship |
| 2026-05-22 | 107.99 | 106.05 | +0.22 | near the usual relationship |
| 2026-05-21 | 107.47 | 108.62 | +0.02 | near the usual relationship |
| 2026-05-20 | 109.05 | 114.37 | -0.24 | near the usual relationship |
| 2026-05-19 | 107.79 | 116.80 | -0.48 | near the usual relationship |
| 2026-05-18 | 109.17 | 117.44 | -0.43 | near the usual relationship |
| 2026-05-15 | 109.72 | 120.01 | -0.55 | THC ahead |
| 2026-05-14 | 110.40 | 121.16 | -0.58 | THC ahead |
| 2026-05-13 | 110.60 | 119.52 | -0.48 | near the usual relationship |
| 2026-05-12 | 111.20 | 119.53 | -0.45 | near the usual relationship |
| 2026-05-11 | 107.85 | 116.97 | -0.52 | THC ahead |
| 2026-05-08 | 109.17 | 116.18 | -0.40 | near the usual relationship |
| 2026-05-07 | 110.25 | 118.47 | -0.47 | near the usual relationship |
| 2026-05-06 | 108.05 | 118.70 | -0.62 | THC ahead |
| 2026-05-05 | 108.20 | 114.06 | -0.36 | near the usual relationship |
| 2026-05-04 | 109.72 | 113.11 | -0.22 | near the usual relationship |
| 2026-05-01 | 110.59 | 111.84 | -0.10 | near the usual relationship |
| 2026-04-30 | 102.89 | 108.09 | -0.35 | near the usual relationship |
| 2026-04-29 | 105.58 | 109.90 | -0.30 | near the usual relationship |
| 2026-04-28 | 104.63 | 108.32 | -0.28 | near the usual relationship |
| 2026-04-27 | 103.84 | 113.22 | -0.60 | THC ahead |
| 2026-04-24 | 104.93 | 110.34 | -0.39 | near the usual relationship |
| 2026-04-23 | 104.81 | 114.93 | -0.65 | THC ahead |
| 2026-04-22 | 105.12 | 116.69 | -0.73 | THC ahead |
| 2026-04-21 | 105.74 | 113.18 | -0.51 | THC ahead |
| 2026-04-20 | 109.34 | 116.71 | -0.50 | THC ahead |
| 2026-04-17 | 109.47 | 120.00 | -0.67 | THC ahead |
| 2026-04-16 | 108.54 | 117.17 | -0.58 | THC ahead |
| 2026-04-15 | 108.28 | 118.12 | -0.65 | THC ahead |
| 2026-04-14 | 109.78 | 119.97 | -0.67 | THC ahead |
| 2026-04-13 | 110.67 | 117.77 | -0.52 | THC ahead |
| 2026-04-10 | 110.35 | 119.14 | -0.61 | THC ahead |
| 2026-04-09 | 111.46 | 123.19 | -0.75 | THC ahead |
| 2026-04-08 | 109.90 | 121.65 | -0.76 | THC ahead |
| 2026-04-07 | 108.73 | 118.75 | -0.69 | THC ahead |
| 2026-04-06 | 108.19 | 116.12 | -0.60 | THC ahead |
| 2026-04-02 | 100.21 | 114.83 | -0.98 | THC ahead |
| 2026-04-01 | 100.20 | 116.11 | -1.05 | THC ahead |
| 2026-03-31 | 99.53 | 115.16 | -1.05 | THC ahead |
| 2026-03-30 | 100.34 | 114.73 | -0.99 | THC ahead |
| 2026-03-27 | 100.39 | 117.08 | -1.11 | THC ahead |
| 2026-03-26 | 100.57 | 119.28 | -1.21 | THC ahead |
| 2026-03-25 | 101.68 | 122.07 | -1.29 | THC ahead |
| 2026-03-24 | 100.31 | 121.82 | -1.37 | THC ahead |
| 2026-03-23 | 100.34 | 124.13 | -1.48 | THC ahead |
| 2026-03-20 | 98.63 | 122.26 | -1.51 | THC ahead |
| 2026-03-19 | 100.72 | 125.17 | -1.54 | THC ahead |
| 2026-03-18 | 102.56 | 124.01 | -1.39 | THC ahead |
| 2026-03-17 | 104.51 | 129.15 | -1.53 | THC ahead |
| 2026-03-16 | 104.36 | 133.83 | -1.76 | THC ahead |
| 2026-03-13 | 103.27 | 138.91 | -2.05 | THC ahead |
| 2026-03-12 | 103.20 | 137.14 | -2.01 | THC ahead |
| 2026-03-11 | 103.54 | 143.15 | -2.26 | THC ahead |
| 2026-03-10 | 109.98 | 144.88 | -2.01 | THC ahead |
| 2026-03-09 | 111.76 | 146.82 | -2.01 | THC ahead |
| 2026-03-06 | 110.04 | 144.60 | -2.04 | THC ahead |
| 2026-03-05 | 110.74 | 147.31 | -2.14 | THC ahead |
| 2026-03-04 | 112.10 | 149.39 | -2.17 | THC ahead |
| 2026-03-03 | 111.13 | 148.22 | -2.20 | THC ahead |
| 2026-03-02 | 111.18 | 143.48 | -2.03 | THC ahead |
| 2026-02-27 | 111.00 | 146.09 | -2.18 | THC ahead |
| 2026-02-26 | 110.30 | 146.26 | -2.26 | THC ahead |
| 2026-02-25 | 109.20 | 144.65 | -2.28 | THC ahead |
| 2026-02-24 | 107.87 | 144.98 | -2.41 | THC ahead |
| 2026-02-23 | 109.22 | 142.66 | -2.26 | THC ahead |
| 2026-02-20 | 109.63 | 140.29 | -2.16 | THC ahead |
| 2026-02-19 | 110.25 | 139.18 | -2.10 | THC ahead |
| 2026-02-18 | 112.23 | 141.42 | -2.12 | THC ahead |
| 2026-02-17 | 112.71 | 142.95 | -2.19 | THC ahead |
| 2026-02-13 | 113.32 | 141.03 | -2.09 | THC ahead |
| 2026-02-12 | 115.30 | 141.73 | -2.04 | THC ahead |
| 2026-02-11 | 116.71 | 138.13 | -1.81 | THC ahead |
| 2026-02-10 | 112.15 | 117.80 | -1.03 | THC ahead |
| 2026-02-09 | 109.23 | 117.75 | -1.21 | THC ahead |
| 2026-02-06 | 108.44 | 122.88 | -1.55 | THC ahead |
| 2026-02-05 | 102.44 | 119.59 | -1.77 | THC ahead |
| 2026-02-04 | 98.43 | 116.35 | -1.88 | THC ahead |
| 2026-02-03 | 97.09 | 117.68 | -2.07 | THC ahead |
| 2026-02-02 | 96.54 | 114.74 | -1.96 | THC ahead |
| 2026-01-30 | 97.26 | 115.51 | -1.98 | THC ahead |
| 2026-01-29 | 97.31 | 115.63 | -2.01 | THC ahead |
| 2026-01-28 | 98.47 | 115.69 | -1.95 | THC ahead |
| 2026-01-27 | 97.46 | 115.43 | -2.03 | THC ahead |
| 2026-01-26 | 99.95 | 115.90 | -1.91 | THC ahead |
| 2026-01-23 | 101.24 | 115.20 | -1.79 | THC ahead |
| 2026-01-22 | 102.24 | 115.61 | -1.76 | THC ahead |
| 2026-01-21 | 102.28 | 116.45 | -1.83 | THC ahead |
| 2026-01-20 | 101.69 | 117.93 | -1.99 | THC ahead |
| 2026-01-16 | 103.41 | 120.06 | -2.03 | THC ahead |
| 2026-01-15 | 105.77 | 122.85 | -2.05 | THC ahead |
| 2026-01-14 | 103.12 | 119.11 | -2.04 | THC ahead |
| 2026-01-13 | 103.20 | 121.55 | -2.22 | THC ahead |
| 2026-01-12 | 105.73 | 121.81 | -2.08 | THC ahead |
| 2026-01-09 | 105.91 | 122.78 | -2.15 | THC ahead |
| 2026-01-08 | 108.03 | 124.09 | -2.11 | THC ahead |
| 2026-01-07 | 109.45 | 123.27 | -1.98 | THC ahead |
| 2026-01-06 | 110.89 | 127.08 | -2.14 | THC ahead |
| 2026-01-05 | 110.83 | 126.33 | -2.13 | THC ahead |
| 2026-01-02 | 109.45 | 121.71 | -1.96 | THC ahead |
| 2025-12-31 | 109.21 | 121.27 | -1.97 | THC ahead |
| 2025-12-30 | 110.78 | 122.84 | -1.98 | THC ahead |
| 2025-12-29 | 111.08 | 122.74 | -1.98 | THC ahead |
| 2025-12-26 | 110.63 | 122.41 | -2.02 | THC ahead |
| 2025-12-24 | 110.21 | 120.69 | -1.95 | THC ahead |
| 2025-12-23 | 110.33 | 121.29 | -2.01 | THC ahead |
| 2025-12-22 | 110.19 | 121.97 | -2.09 | THC ahead |
| 2025-12-19 | 109.47 | 119.81 | -2.03 | THC ahead |
| 2025-12-18 | 110.63 | 118.61 | -1.87 | THC ahead |
| 2025-12-17 | 111.93 | 119.01 | -1.82 | THC ahead |
| 2025-12-16 | 111.13 | 120.14 | -1.99 | THC ahead |
| 2025-12-15 | 110.70 | 120.41 | -2.07 | THC ahead |
| 2025-12-12 | 110.09 | 121.68 | -2.24 | THC ahead |
| 2025-12-11 | 109.94 | 120.65 | -2.21 | THC ahead |
| 2025-12-10 | 109.48 | 120.50 | -2.27 | THC ahead |
| 2025-12-09 | 111.16 | 123.27 | -2.37 | THC ahead |
| 2025-12-08 | 115.15 | 125.90 | -2.27 | THC ahead |
| 2025-12-05 | 115.75 | 128.15 | -2.42 | THC ahead |
| 2025-12-04 | 116.29 | 129.46 | -2.52 | THC ahead |
| 2025-12-03 | 116.31 | 128.97 | -2.52 | THC ahead |
| 2025-12-02 | 117.15 | 131.10 | -2.66 | THC ahead |
| 2025-12-01 | 118.02 | 131.28 | -2.65 | THC ahead |
| 2025-11-28 | 119.58 | 132.32 | -2.64 | THC ahead |
| 2025-11-26 | 119.61 | 132.68 | -2.71 | THC ahead |
| 2025-11-25 | 119.55 | 133.31 | -2.82 | THC ahead |
| 2025-11-24 | 116.40 | 130.97 | -2.96 | THC ahead |
| 2025-11-21 | 117.66 | 117.14 | -1.72 | THC ahead |
| 2025-11-20 | 116.05 | 113.92 | -1.58 | THC ahead |
| 2025-11-19 | 115.16 | 118.54 | -2.09 | THC ahead |
| 2025-11-18 | 115.93 | 117.78 | -1.96 | THC ahead |
| 2025-11-17 | 115.24 | 117.41 | -2.01 | THC ahead |
| 2025-11-14 | 116.74 | 117.72 | -1.91 | THC ahead |
| 2025-11-13 | 117.58 | 120.01 | -2.05 | THC ahead |
| 2025-11-12 | 118.12 | 122.04 | -2.20 | THC ahead |
| 2025-11-11 | 118.94 | 121.02 | -2.04 | THC ahead |
| 2025-11-10 | 118.54 | 118.80 | -1.89 | THC ahead |
| 2025-11-07 | 118.60 | 125.26 | -2.48 | THC ahead |
| 2025-11-06 | 118.40 | 124.60 | -2.46 | THC ahead |
| 2025-11-05 | 118.63 | 127.31 | -2.71 | THC ahead |
| 2025-11-04 | 120.53 | 126.77 | -2.52 | THC ahead |
| 2025-11-03 | 119.43 | 122.90 | -2.30 | THC ahead |
| 2025-10-31 | 117.14 | 126.01 | -2.83 | THC ahead |
| 2025-10-30 | 120.19 | 127.31 | -2.70 | THC ahead |
| 2025-10-29 | 129.26 | 127.63 | -1.91 | THC ahead |
| 2025-10-28 | 129.93 | 124.87 | -1.60 | THC ahead |
| 2025-10-27 | 130.86 | 131.92 | -2.16 | THC ahead |
| 2025-10-24 | 129.78 | 128.38 | -1.94 | THC ahead |
| 2025-10-23 | 130.08 | 126.26 | -1.72 | THC ahead |
| 2025-10-22 | 129.93 | 125.17 | -1.62 | THC ahead |
| 2025-10-21 | 128.51 | 123.48 | -1.59 | THC ahead |
| 2025-10-20 | 128.82 | 123.34 | -1.54 | THC ahead |
| 2025-10-17 | 128.15 | 122.05 | -1.47 | THC ahead |
| 2025-10-16 | 126.56 | 121.52 | -1.57 | THC ahead |
| 2025-10-15 | 127.23 | 121.58 | -1.51 | THC ahead |
| 2025-10-14 | 126.48 | 119.81 | -1.40 | THC ahead |
| 2025-10-13 | 124.82 | 115.95 | -1.18 | THC ahead |
| 2025-10-10 | 125.68 | 115.69 | -1.07 | THC ahead |
| 2025-10-09 | 126.72 | 118.91 | -1.28 | THC ahead |
| 2025-10-08 | 128.00 | 122.34 | -1.49 | THC ahead |
| 2025-10-07 | 128.82 | 125.00 | -1.66 | THC ahead |
| 2025-10-06 | 127.19 | 121.90 | -1.51 | THC ahead |
| 2025-10-03 | 126.79 | 123.88 | -1.72 | THC ahead |
| 2025-10-02 | 127.12 | 124.11 | -1.70 | THC ahead |
| 2025-10-01 | 128.12 | 122.87 | -1.49 | THC ahead |
| 2025-09-30 | 130.69 | 123.90 | -1.36 | THC ahead |
| 2025-09-29 | 129.51 | 122.78 | -1.34 | THC ahead |
| 2025-09-26 | 130.36 | 123.27 | -1.30 | THC ahead |
| 2025-09-25 | 129.22 | 120.05 | -1.09 | THC ahead |
| 2025-09-24 | 129.46 | 119.99 | -1.05 | THC ahead |
| 2025-09-23 | 130.44 | 117.83 | -0.75 | THC ahead |
| 2025-09-22 | 129.68 | 118.42 | -0.86 | THC ahead |
| 2025-09-19 | 127.65 | 116.03 | -0.80 | THC ahead |
| 2025-09-18 | 128.95 | 116.12 | -0.69 | THC ahead |
| 2025-09-17 | 127.87 | 111.96 | -0.38 | near the usual relationship |
| 2025-09-16 | 127.39 | 111.56 | -0.38 | near the usual relationship |
| 2025-09-15 | 128.26 | 113.96 | -0.52 | THC ahead |
| 2025-09-12 | 129.69 | 117.67 | -0.72 | THC ahead |
| 2025-09-11 | 130.47 | 118.01 | -0.68 | THC ahead |
| 2025-09-10 | 128.20 | 117.03 | -0.77 | THC ahead |
| 2025-09-09 | 128.91 | 119.84 | -0.94 | THC ahead |
| 2025-09-08 | 129.60 | 117.45 | -0.68 | THC ahead |
| 2025-09-05 | 129.21 | 119.72 | -0.89 | THC ahead |
| 2025-09-04 | 128.08 | 117.48 | -0.78 | THC ahead |
| 2025-09-03 | 127.20 | 114.06 | -0.55 | THC ahead |
| 2025-09-02 | 127.28 | 113.11 | -0.45 | near the usual relationship |
| 2025-08-29 | 125.28 | 112.49 | -0.54 | THC ahead |
| 2025-08-28 | 127.02 | 112.61 | -0.40 | near the usual relationship |
| 2025-08-27 | 127.15 | 111.03 | -0.25 | near the usual relationship |
| 2025-08-26 | 125.47 | 109.87 | -0.27 | near the usual relationship |
| 2025-08-25 | 125.72 | 109.98 | -0.25 | near the usual relationship |
| 2025-08-22 | 126.38 | 109.54 | -0.16 | near the usual relationship |
| 2025-08-21 | 127.00 | 108.25 | +0.00 | near the usual relationship |
| 2025-08-20 | 127.11 | 111.03 | -0.21 | near the usual relationship |
| 2025-08-19 | 125.67 | 108.64 | -0.11 | near the usual relationship |
| 2025-08-18 | 123.70 | 104.55 | +0.10 | near the usual relationship |
| 2025-08-15 | 123.86 | 104.97 | +0.08 | near the usual relationship |
| 2025-08-14 | 123.11 | 105.18 | +0.02 | near the usual relationship |
| 2025-08-13 | 122.57 | 104.88 | +0.01 | near the usual relationship |
| 2025-08-12 | 122.06 | 104.03 | +0.05 | near the usual relationship |
| 2025-08-11 | 120.84 | 101.68 | +0.17 | near the usual relationship |
| 2025-08-08 | 120.98 | 101.04 | +0.24 | near the usual relationship |
| 2025-08-07 | 119.88 | 99.73 | +0.28 | near the usual relationship |
| 2025-08-06 | 119.83 | 97.19 | +0.50 | EHC ahead |
| 2025-08-05 | 117.17 | 97.82 | +0.25 | near the usual relationship |
| 2025-08-04 | 112.67 | 98.29 | -0.12 | near the usual relationship |
| 2025-08-01 | 111.67 | 96.47 | -0.03 | near the usual relationship |
| 2025-07-31 | 113.29 | 98.42 | -0.08 | near the usual relationship |
| 2025-07-30 | 113.14 | 98.18 | -0.06 | near the usual relationship |
| 2025-07-29 | 111.39 | 95.23 | +0.07 | near the usual relationship |
| 2025-07-28 | 110.27 | 95.51 | -0.04 | near the usual relationship |
| 2025-07-25 | 110.78 | 93.38 | +0.20 | near the usual relationship |
| 2025-07-24 | 110.23 | 90.55 | +0.42 | near the usual relationship |
| 2025-07-23 | 111.91 | 96.61 | +0.00 | near the usual relationship |
| 2025-07-22 | 111.52 | 95.18 | +0.10 | near the usual relationship |
| 2025-07-21 | 113.18 | 106.58 | -0.74 | THC ahead |
| 2025-07-18 | 113.19 | 106.83 | -0.76 | THC ahead |
| 2025-07-17 | 113.55 | 106.88 | -0.74 | THC ahead |
| 2025-07-16 | 113.10 | 105.81 | -0.69 | THC ahead |
| 2025-07-15 | 110.38 | 105.44 | -0.86 | THC ahead |
| 2025-07-14 | 123.13 | 108.46 | -0.17 | near the usual relationship |
| 2025-07-11 | 121.85 | 107.25 | -0.16 | near the usual relationship |
| 2025-07-10 | 120.89 | 105.97 | -0.13 | near the usual relationship |
| 2025-07-09 | 121.15 | 104.60 | +0.00 | near the usual relationship |
| 2025-07-08 | 121.55 | 105.20 | -0.02 | near the usual relationship |
| 2025-07-07 | 122.84 | 105.63 | +0.04 | near the usual relationship |
| 2025-07-03 | 122.48 | 104.66 | +0.10 | near the usual relationship |
| 2025-07-02 | 122.32 | 105.10 | +0.05 | near the usual relationship |
| 2025-07-01 | 123.90 | 108.27 | -0.09 | near the usual relationship |
| 2025-06-30 | 126.18 | 107.40 | +0.14 | near the usual relationship |
| 2025-06-27 | 125.73 | 105.96 | +0.23 | near the usual relationship |
| 2025-06-26 | 125.05 | 105.30 | +0.24 | near the usual relationship |
| 2025-06-25 | 124.16 | 103.14 | +0.36 | near the usual relationship |
| 2025-06-24 | 124.42 | 104.67 | +0.25 | near the usual relationship |
| 2025-06-23 | 123.70 | 103.20 | +0.33 | near the usual relationship |
| 2025-06-20 | 122.63 | 102.53 | +0.31 | near the usual relationship |
| 2025-06-18 | 123.21 | 102.26 | +0.38 | near the usual relationship |
| 2025-06-17 | 122.64 | 102.19 | +0.35 | near the usual relationship |
| 2025-06-16 | 123.99 | 100.23 | +0.61 | EHC ahead |
| 2025-06-13 | 124.42 | 100.31 | +0.64 | EHC ahead |
| 2025-06-12 | 123.65 | 101.02 | +0.53 | EHC ahead |
| 2025-06-11 | 122.86 | 98.50 | +0.69 | EHC ahead |
| 2025-06-10 | 122.68 | 95.54 | +0.94 | EHC ahead |
| 2025-06-09 | 123.78 | 101.42 | +0.52 | EHC ahead |
| 2025-06-06 | 125.05 | 104.63 | +0.35 | near the usual relationship |
| 2025-06-05 | 124.80 | 104.86 | +0.32 | near the usual relationship |
| 2025-06-04 | 124.78 | 103.67 | +0.42 | near the usual relationship |
| 2025-06-03 | 125.02 | 104.86 | +0.34 | near the usual relationship |
| 2025-06-02 | 124.34 | 103.81 | +0.38 | near the usual relationship |
| 2025-05-30 | 124.40 | 102.99 | +0.46 | near the usual relationship |
| 2025-05-29 | 123.48 | 101.46 | +0.52 | EHC ahead |
| 2025-05-28 | 122.98 | 100.49 | +0.57 | EHC ahead |
| 2025-05-27 | 124.51 | 100.75 | +0.66 | EHC ahead |
| 2025-05-23 | 122.34 | 99.46 | +0.63 | EHC ahead |
| 2025-05-22 | 122.04 | 98.45 | +0.69 | EHC ahead |
| 2025-05-21 | 123.32 | 99.37 | +0.71 | EHC ahead |
| 2025-05-20 | 125.25 | 102.92 | +0.55 | EHC ahead |
| 2025-05-19 | 124.68 | 102.08 | +0.58 | EHC ahead |
| 2025-05-16 | 124.36 | 100.98 | +0.65 | EHC ahead |
| 2025-05-15 | 123.23 | 100.10 | +0.65 | EHC ahead |
| 2025-05-14 | 122.72 | 97.38 | +0.85 | EHC ahead |
| 2025-05-13 | 121.01 | 96.23 | +0.84 | EHC ahead |
| 2025-05-12 | 120.31 | 94.32 | +0.96 | EHC ahead |
| 2025-05-09 | 119.78 | 90.82 | +1.25 | EHC ahead |
| 2025-05-08 | 119.26 | 90.96 | +1.21 | EHC ahead |
| 2025-05-07 | 120.88 | 92.95 | +1.15 | EHC ahead |
| 2025-05-06 | 120.40 | 92.44 | +1.17 | EHC ahead |
| 2025-05-05 | 119.67 | 90.94 | +1.26 | EHC ahead |
| 2025-05-02 | 120.01 | 90.33 | +1.35 | EHC ahead |
| 2025-05-01 | 119.29 | 88.66 | +1.45 | EHC ahead |
| 2025-04-30 | 120.37 | 87.23 | +1.66 | EHC ahead |
| 2025-04-29 | 119.26 | 84.43 | +1.86 | EHC ahead |
| 2025-04-28 | 118.65 | 75.61 | +2.78 | EHC ahead |
| 2025-04-25 | 116.65 | 74.51 | +2.78 | EHC ahead |
| 2025-04-24 | 104.34 | 75.82 | +1.66 | EHC ahead |
| 2025-04-23 | 103.63 | 73.87 | +1.83 | EHC ahead |
| 2025-04-22 | 101.86 | 69.98 | +2.14 | EHC ahead |
| 2025-04-21 | 98.90 | 67.38 | +2.22 | EHC ahead |
| 2025-04-17 | 106.34 | 74.33 | +2.01 | EHC ahead |
| 2025-04-16 | 105.98 | 73.50 | +2.09 | EHC ahead |
| 2025-04-15 | 105.26 | 73.78 | +2.00 | EHC ahead |
| 2025-04-14 | 106.25 | 76.23 | +1.80 | EHC ahead |
| 2025-04-11 | 105.12 | 75.54 | +1.79 | EHC ahead |
| 2025-04-10 | 105.08 | 77.82 | +1.53 | EHC ahead |
| 2025-04-09 | 106.18 | 79.98 | +1.38 | EHC ahead |
| 2025-04-08 | 100.74 | 72.93 | +1.72 | EHC ahead |
| 2025-04-07 | 99.51 | 73.06 | +1.60 | EHC ahead |
| 2025-04-04 | 100.79 | 73.44 | +1.67 | EHC ahead |
| 2025-04-03 | 104.82 | 81.08 | +1.14 | EHC ahead |
| 2025-04-02 | 105.03 | 83.71 | +0.88 | EHC ahead |
| 2025-04-01 | 104.21 | 81.41 | +1.05 | EHC ahead |
| 2025-03-31 | 104.21 | 82.08 | +0.98 | EHC ahead |
| 2025-03-28 | 103.69 | 81.25 | +1.03 | EHC ahead |
| 2025-03-27 | 104.06 | 82.04 | +0.97 | EHC ahead |
| 2025-03-26 | 103.26 | 81.19 | +1.00 | EHC ahead |
| 2025-03-25 | 103.79 | 79.81 | +1.19 | EHC ahead |
| 2025-03-24 | 102.85 | 79.02 | +1.20 | EHC ahead |
| 2025-03-21 | 99.91 | 75.18 | +1.39 | EHC ahead |
| 2025-03-20 | 102.03 | 77.10 | +1.36 | EHC ahead |
| 2025-03-19 | 102.23 | 77.96 | +1.28 | EHC ahead |
| 2025-03-18 | 100.46 | 76.48 | +1.30 | EHC ahead |
| 2025-03-17 | 100.58 | 78.11 | +1.12 | EHC ahead |
| 2025-03-14 | 98.76 | 74.86 | +1.34 | EHC ahead |
| 2025-03-13 | 96.39 | 72.93 | +1.35 | EHC ahead |
| 2025-03-12 | 97.01 | 73.96 | +1.29 | EHC ahead |
| 2025-03-11 | 99.79 | 77.15 | +1.16 | EHC ahead |
| 2025-03-10 | 101.98 | 76.98 | +1.37 | EHC ahead |
| 2025-03-07 | 102.12 | 77.80 | +1.29 | EHC ahead |
| 2025-03-06 | 102.55 | 76.55 | +1.47 | EHC ahead |
| 2025-03-05 | 102.89 | 76.90 | +1.46 | EHC ahead |
| 2025-03-04 | 101.30 | 74.86 | +1.56 | EHC ahead |
| 2025-03-03 | 102.68 | 76.01 | +1.54 | EHC ahead |
| 2025-02-28 | 103.04 | 77.25 | +1.42 | EHC ahead |
| 2025-02-27 | 103.24 | 79.62 | +1.17 | EHC ahead |
| 2025-02-26 | 102.09 | 80.40 | +0.98 | EHC ahead |
| 2025-02-25 | 103.54 | 82.12 | +0.91 | EHC ahead |
| 2025-02-24 | 101.74 | 80.28 | +0.95 | EHC ahead |
| 2025-02-21 | 100.35 | 79.09 | +0.95 | EHC ahead |
| 2025-02-20 | 102.78 | 83.75 | +0.66 | EHC ahead |
| 2025-02-19 | 104.52 | 82.78 | +0.90 | EHC ahead |
| 2025-02-18 | 105.15 | 82.33 | +0.99 | EHC ahead |
| 2025-02-14 | 103.78 | 81.35 | +0.97 | EHC ahead |
| 2025-02-13 | 103.04 | 81.51 | +0.89 | EHC ahead |
| 2025-02-12 | 100.86 | 77.01 | +1.18 | EHC ahead |
| 2025-02-11 | 102.27 | 84.72 | +0.49 | near the usual relationship |
| 2025-02-10 | 101.48 | 85.10 | +0.38 | near the usual relationship |
| 2025-02-07 | 102.75 | 85.72 | +0.42 | near the usual relationship |
| 2025-02-06 | 101.45 | 85.31 | +0.35 | near the usual relationship |
| 2025-02-05 | 105.15 | 88.47 | +0.33 | near the usual relationship |
| 2025-02-04 | 104.08 | 87.70 | +0.32 | near the usual relationship |
| 2025-02-03 | 103.49 | 88.27 | +0.21 | near the usual relationship |
| 2025-01-31 | 102.14 | 85.98 | +0.31 | near the usual relationship |
| 2025-01-30 | 101.26 | 87.40 | +0.10 | near the usual relationship |
| 2025-01-29 | 98.33 | 85.05 | +0.07 | near the usual relationship |
| 2025-01-28 | 99.58 | 85.23 | +0.15 | near the usual relationship |
| 2025-01-27 | 99.14 | 84.76 | +0.15 | near the usual relationship |
| 2025-01-24 | 98.42 | 82.74 | +0.27 | near the usual relationship |
| 2025-01-23 | 98.02 | 84.39 | +0.08 | near the usual relationship |
| 2025-01-22 | 97.24 | 82.03 | +0.23 | near the usual relationship |
| 2025-01-21 | 98.56 | 82.03 | +0.32 | near the usual relationship |
| 2025-01-17 | 97.48 | 79.86 | +0.43 | near the usual relationship |
| 2025-01-16 | 97.14 | 81.02 | +0.29 | near the usual relationship |
| 2025-01-15 | 96.32 | 79.35 | +0.37 | near the usual relationship |
| 2025-01-14 | 95.75 | 77.88 | +0.46 | near the usual relationship |
| 2025-01-13 | 95.24 | 78.89 | +0.32 | near the usual relationship |
| 2025-01-10 | 93.68 | 78.09 | +0.27 | near the usual relationship |
| 2025-01-08 | 95.52 | 79.46 | +0.28 | near the usual relationship |
| 2025-01-07 | 94.22 | 78.60 | +0.25 | near the usual relationship |
| 2025-01-06 | 93.85 | 76.65 | +0.39 | near the usual relationship |
| 2025-01-03 | 93.82 | 74.85 | +0.55 | EHC ahead |
| 2025-01-02 | 94.51 | 76.41 | +0.45 | near the usual relationship |
| 2024-12-31 | 95.02 | 77.03 | +0.42 | near the usual relationship |
| 2024-12-30 | 95.09 | 76.54 | +0.46 | near the usual relationship |
| 2024-12-27 | 96.30 | 78.09 | +0.40 | near the usual relationship |
| 2024-12-26 | 97.07 | 78.08 | +0.45 | near the usual relationship |
| 2024-12-24 | 96.89 | 79.15 | +0.34 | near the usual relationship |
| 2024-12-23 | 96.91 | 79.11 | +0.34 | near the usual relationship |
| 2024-12-20 | 97.18 | 79.00 | +0.36 | near the usual relationship |
| 2024-12-19 | 96.54 | 76.71 | +0.51 | EHC ahead |
| 2024-12-18 | 97.04 | 77.78 | +0.44 | near the usual relationship |
| 2024-12-17 | 99.74 | 80.89 | +0.35 | near the usual relationship |
| 2024-12-16 | 100.55 | 81.63 | +0.34 | near the usual relationship |
| 2024-12-13 | 101.03 | 83.43 | +0.22 | near the usual relationship |
| 2024-12-12 | 101.51 | 82.60 | +0.31 | near the usual relationship |
| 2024-12-11 | 104.52 | 85.49 | +0.27 | near the usual relationship |
| 2024-12-10 | 104.22 | 84.88 | +0.29 | near the usual relationship |
| 2024-12-09 | 104.59 | 86.05 | +0.21 | near the usual relationship |
| 2024-12-06 | 105.46 | 84.79 | +0.35 | near the usual relationship |
| 2024-12-05 | 105.84 | 84.76 | +0.37 | near the usual relationship |
| 2024-12-04 | 105.36 | 86.36 | +0.21 | near the usual relationship |
| 2024-12-03 | 105.42 | 86.21 | +0.22 | near the usual relationship |
| 2024-12-02 | 105.36 | 86.67 | +0.18 | near the usual relationship |
| 2024-11-29 | 105.92 | 87.07 | +0.17 | near the usual relationship |
| 2024-11-27 | 105.81 | 86.64 | +0.19 | near the usual relationship |
| 2024-11-26 | 106.77 | 88.88 | +0.08 | near the usual relationship |
| 2024-11-25 | 104.95 | 87.46 | +0.06 | near the usual relationship |
| 2024-11-22 | 104.04 | 87.65 | -0.01 | near the usual relationship |
| 2024-11-21 | 102.27 | 90.27 | -0.30 | near the usual relationship |
| 2024-11-20 | 101.79 | 92.66 | -0.49 | near the usual relationship |
| 2024-11-19 | 101.97 | 93.58 | -0.55 | THC ahead |
| 2024-11-18 | 102.10 | 93.64 | -0.55 | THC ahead |
| 2024-11-15 | 101.71 | 94.79 | -0.65 | THC ahead |
| 2024-11-14 | 104.14 | 99.26 | -0.78 | THC ahead |
| 2024-11-13 | 105.66 | 99.43 | -0.71 | THC ahead |
| 2024-11-12 | 105.58 | 100.21 | -0.76 | THC ahead |
| 2024-11-11 | 106.27 | 101.82 | -0.82 | THC ahead |
| 2024-11-08 | 106.18 | 100.82 | -0.77 | THC ahead |
| 2024-11-07 | 106.52 | 102.84 | -0.86 | THC ahead |
| 2024-11-06 | 104.86 | 97.86 | -0.69 | THC ahead |
| 2024-11-05 | 104.27 | 101.83 | -0.93 | THC ahead |
| 2024-11-04 | 103.13 | 99.09 | -0.85 | THC ahead |
| 2024-11-01 | 101.77 | 95.28 | -0.72 | THC ahead |
| 2024-10-31 | 102.34 | 94.60 | -0.66 | THC ahead |
| 2024-10-30 | 104.27 | 96.47 | -0.67 | THC ahead |
| 2024-10-29 | 102.89 | 99.32 | -0.89 | THC ahead |
| 2024-10-28 | 95.78 | 85.12 | -0.48 | near the usual relationship |
| 2024-10-25 | 96.16 | 85.29 | -0.48 | near the usual relationship |
| 2024-10-24 | 97.40 | 92.20 | -0.80 | THC ahead |
| 2024-10-23 | 98.43 | 96.19 | -0.96 | THC ahead |
| 2024-10-22 | 98.25 | 95.95 | -0.97 | THC ahead |
| 2024-10-21 | 98.52 | 97.47 | -1.03 | THC ahead |
| 2024-10-18 | 100.00 | 100.00 | -1.09 | THC ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 29, 2025 (EHC +0.5%, THC +11.7%); Jul 22, 2025 (EHC -1.5%, THC -10.7%); Nov 24, 2025 (EHC -1.1%, THC +11.8%); Feb 11, 2026 (EHC +4.1%, THC +17.3%); Jul 24, 2026 (EHC +1.6%, THC +17.2%); Aug 6, 2026 (EHC +12.6%, THC -1.9%). Upcoming earnings: EHC Oct 28, 2026 (after-hours); THC Oct 29, 2026 (pre-market).
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
EHC and THC at a glance
EHC Encompass Health Corporation
- Listing
- NYSE · SEC CIK 785161
- Industry
- Hospital/Nursing Management · SIC 8060 Services-Hospitals
- Market value
- $12.0B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
THC Tenet Healthcare Corporation
- Listing
- NYSE · SEC CIK 70318
- Industry
- Hospital/Nursing Management · SIC 8062 Services-General Medical & Surgical Hospitals, NEC
- Market value
- $21.4B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Other rivals of EHC and THC
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Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
