Alignment Healthcare Correlations
| ALHC Stock | USD 5.10 0.15 3.03% |
The correlation of Alignment Healthcare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alignment Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alignment Healthcare LLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Alignment Healthcare LLC and NYA is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alignment Healthcare LLC and NYA in the same portfolio, assuming nothing else is changed.
Alignment |
The ability to find closely correlated positions to Alignment Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alignment Healthcare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Alignment Healthcare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Alignment Healthcare LLC to buy it.
Moving together with Alignment Stock
| 0.86 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
| 0.92 | IVP | Inspire Veterinary | PairCorr |
| 0.89 | TFX | Teleflex Incorporated Financial Report 2nd of May 2024 | PairCorr |
| 0.9 | MMSI | Merit Medical Systems Financial Report 24th of April 2024 | PairCorr |
| 0.81 | NVST | Envista Holdings Corp Financial Report 1st of May 2024 | PairCorr |
Moving against Alignment Stock
| 0.92 | HIMS | Hims Hers Health Financial Report 13th of May 2024 | PairCorr |
| 0.82 | ELMD | Electromed | PairCorr |
| 0.74 | BAX | Baxter International Financial Report 25th of April 2024 | PairCorr |
| 0.74 | HOLX | Hologic Financial Report 6th of May 2024 | PairCorr |
| 0.73 | ALC | Alcon AG Financial Report 14th of May 2024 | PairCorr |
| 0.59 | RMD | ResMed Inc Earnings Call This Week | PairCorr |
| 0.53 | COO | Cooper Companies Financial Report 6th of June 2024 | PairCorr |
| 0.5 | WST | West Pharmaceutical Earnings Call This Week | PairCorr |
| 0.45 | EOLS | Evolus Inc Financial Report 14th of May 2024 | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Alignment Healthcare without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Alignment Healthcare Corporate Management
Elected by the shareholders, the Alignment Healthcare's board of directors comprises two types of representatives: Alignment Healthcare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alignment. The board's role is to monitor Alignment Healthcare's management team and ensure that shareholders' interests are well served. Alignment Healthcare's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Alignment Healthcare's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lisa Ferrari | Senior California | Profile | |
| Rob Scavo | Chief Officer | Profile | |
| Randall Fitzpatrick | Senior Product | Profile | |
| David Milligan | Senior California | Profile | |
| Richard Cross | Sr Counsel | Profile | |
| Amanda Root | VP Communications | Profile |
Already Invested in Alignment Healthcare LLC?
The danger of trading Alignment Healthcare LLC is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alignment Healthcare is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alignment Healthcare. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alignment Healthcare LLC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Alignment Healthcare LLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alignment Healthcare's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alignment Healthcare Llc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alignment Healthcare Llc Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alignment Healthcare LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Alignment Healthcare LLC information on this page should be used as a complementary analysis to other Alignment Healthcare's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for Alignment Stock analysis
When running Alignment Healthcare's price analysis, check to measure Alignment Healthcare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alignment Healthcare is operating at the current time. Most of Alignment Healthcare's value examination focuses on studying past and present price action to predict the probability of Alignment Healthcare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alignment Healthcare's price. Additionally, you may evaluate how the addition of Alignment Healthcare to your portfolios can decrease your overall portfolio volatility.
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Is Alignment Healthcare's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alignment Healthcare. If investors know Alignment will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alignment Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.79) | Revenue Per Share 9.793 | Quarterly Revenue Growth 0.286 | Return On Assets (0.13) | Return On Equity (0.75) |
The market value of Alignment Healthcare LLC is measured differently than its book value, which is the value of Alignment that is recorded on the company's balance sheet. Investors also form their own opinion of Alignment Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Alignment Healthcare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alignment Healthcare's market value can be influenced by many factors that don't directly affect Alignment Healthcare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alignment Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alignment Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alignment Healthcare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.