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Tenon Medical Inc. Warrant (TNONW)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Company Info

IPO Date

Jun 15, 2023

Highlights

Total Revenue (TTM)

$3.28M

Gross Profit (TTM)

$1.56M

Year Range

$0.01 - $0.09

Share Price Chart


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Tenon Medical Inc. Warrant

Performance

Performance Chart


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S&P 500

Returns By Period

Tenon Medical Inc. Warrant (TNONW) returned 79.84% year-to-date (YTD) and -64.31% over the past 12 months.


TNONW

YTD

79.84%

1M

-7.20%

6M

90.16%

1Y

-64.31%

3Y*

N/A

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

0.51%

1M

6.15%

6M

-2.00%

1Y

12.92%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

Monthly Returns

The table below presents the monthly returns of TNONW, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202586.05%-5.00%-10.09%21.95%-7.20%79.84%
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%
2023-20.00%6.38%-41.25%-18.40%-13.97%42.45%60.00%-20.00%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of TNONW is 65, indicating average performance compared to other stocks on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of TNONW is 6565
Overall Rank
The Sharpe Ratio Rank of TNONW is 3737
Sharpe Ratio Rank
The Sortino Ratio Rank of TNONW is 9797
Sortino Ratio Rank
The Omega Ratio Rank of TNONW is 9696
Omega Ratio Rank
The Calmar Ratio Rank of TNONW is 4545
Calmar Ratio Rank
The Martin Ratio Rank of TNONW is 4848
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Tenon Medical Inc. Warrant (TNONW) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Tenon Medical Inc. Warrant Sharpe ratios as of May 31, 2025 (values are recalculated daily):

  • 1-Year: -0.23
  • All Time: -0.15

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Tenon Medical Inc. Warrant compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History


Tenon Medical Inc. Warrant doesn't pay dividends

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 89.81%, occurring on Nov 14, 2024. The portfolio has not yet recovered.

The current Tenon Medical Inc. Warrant drawdown is 80.45%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-89.81%Jun 28, 2023236Nov 14, 2024
-20.7%Jun 20, 20234Jun 23, 20231Jun 27, 20235
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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.


Annual
Quarterly

0.0

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.


PS Ratio

This chart shows the Price-to-Sales (P/S) ratio for TNONW relative to other companies in the Medical Devices industry. Currently, TNONW has a P/S ratio of 0.0. This P/S ratio is low compared to the industry average. It may indicate that the stock is undervalued relative to its revenue, or that the market expects slower growth or lower margins.

PB Ratio

The chart illustrates the Price-to-Book (P/B) ratio for TNONW in comparison with other companies in the Medical Devices industry. Currently, TNONW has a P/B value of 0.0. This P/B ratio is low compared to industry peers. It might indicate the stock is undervalued or that the company’s assets are not expected to generate strong returns.

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

Values in undefined except per share items