- Sector
- Healthcare
- Industry
- Medical Devices
- IPO Date
- Jun 15, 2023
Highlights
- Year Range
- $0.01 - $0.03
Share Price Chart
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Performance
TNONW Performance Chart
Tenon Medical Inc. Warrant (TNONW) is up 7.6% since the beginning of the year. At $0 per share, TNONW is trading 67.6% below its 52-week high of $0.
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Returns By Period
Tenon Medical Inc. Warrant (TNONW) has returned 7.62% so far this year and -42.05% over the past 12 months.
Tenon Medical Inc. Warrant
- 1D
- 88.33%
- 1M
- 59.15%
- YTD
- 7.62%
- 6M
- -5.04%
- 1Y
- -42.05%
- 3Y*
- -49.93%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TNONW Monthly Returns History
Based on dividend-adjusted daily data since Jun 15, 2023, TNONW's average daily return is +1.71%, while the average monthly return is +1.75%. At this rate, an investment would double in approximately 3.3 years.
Historically, 43% of months were positive and 57% were negative. The best month was May 2024 with a return of +110.3%, while the worst month was Jan 2024 at -63.4%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TNONW closed higher 30% of trading days. The best single day was Feb 27, 2024 with a return of +191.8%, while the worst single day was Feb 20, 2024 at -72.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 15.25% | -5.79% | -29.82% | -0.00% | -5.00% | 48.68% | 7.62% | ||||||
| 2025 | 86.05% | -5.00% | -10.09% | 21.95% | -7.20% | -20.69% | -2.17% | 1.11% | 2.20% | -27.42% | 7.41% | -27.59% | -18.60% |
| 2024 | -63.38% | 70.31% | 17.84% | -48.81% | 110.30% | -21.17% | 38.28% | -49.13% | -13.11% | -34.43% | -39.00% | 5.74% | -83.87% |
| 2023 | 14.29% | 6.37% | -41.25% | -18.40% | -13.97% | 42.45% | 60.00% | 14.29% |
Benchmark Metrics
Tenon Medical Inc. Warrant has an annualized alpha of 5764.39%, beta of 0.99, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 15, 2023.
- This stock participated in 362.82% of S&P 500 Index downside but only 40.81% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.00 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5,764.39%
- Beta
- 0.99
- R²
- 0.00
- Upside Capture
- 40.81%
- Downside Capture
- 362.82%
Return for Risk
Risk / Return Rank
TNONW ranks 41 for risk / return — on par with similar stocks. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Tenon Medical Inc. Warrant (TNONW) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TNONW | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 2.78 | -3.29 |
| Martin ratioReturn relative to average drawdown | -0.73 | 12.44 | -13.17 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Tenon Medical Inc. Warrant. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Tenon Medical Inc. Warrant was 95.11%, occurring on Jun 8, 2026. The portfolio has not yet recovered.
The current Tenon Medical Inc. Warrant drawdown is 90.48%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -95.11%Jun 2026 | 2y 11mo | — | 2y 12moJun 2023 - now |
2023 bear market2023 | -20.70%Jun 2023 | 3d | 4d | 7dJun 2023 - Jun 2023 |
Drawdown Indicators
| TNONW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.11% | -56.78% | -38.33% |
Max Drawdown (1Y)Largest decline over 1 year | -83.09% | -9.10% | -73.99% |
Max Drawdown (3Y)Largest decline over 3 years | -95.11% | -18.90% | -76.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -90.48% | -1.80% | -88.68% |
Average DrawdownAverage peak-to-trough decline | -72.04% | -10.71% | -61.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.89% | 2.03% | +55.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of Tenon Medical Inc. Warrant over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how Tenon Medical Inc. Warrant is priced in the market compared to other companies in the Medical Devices industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
Income Statement
| TTM | |
|---|---|
Revenue | — |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | — |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
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