Alignment Assets Non Current from 2010 to 2024
| ALHC Stock | USD 5.10 0.15 3.03% |
Check Alignment Healthcare financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alignment main balance sheet or income statement drivers, such as Tax Provision of 112.9 K, Depreciation And Amortization of 19.1 M or Interest Expense of 19.5 M, as well as many exotic indicators such as Price To Sales Ratio of 0.84, Dividend Yield of 0.0134 or PTB Ratio of 14.69. Alignment financial statements analysis is a perfect complement when working with Alignment Healthcare Valuation or Volatility modules.
Alignment | Assets Non Current |
About Alignment Healthcare Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Alignment Healthcare income statement, its balance sheet, and the statement of cash flows. Alignment Healthcare investors use historical funamental indicators, such as Alignment Healthcare's Assets Non Current, to determine how well the company is positioned to perform in the future. Although Alignment Healthcare investors may use each financial statement separately, they are all related. The changes in Alignment Healthcare's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Alignment Healthcare's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Alignment Healthcare Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Alignment Healthcare. Please read more on our technical analysis and fundamental analysis pages.
Alignment Healthcare, Inc., a tech-enabled Medicare advantage company, operates consumer-centric health care platform. The company was founded in 2013 and is based in Orange, California. Alignment Healthcare operates under Healthcare Plans classification in the United States and is traded on NASDAQ Exchange. It employs 847 people.
Pair Trading with Alignment Healthcare
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Alignment Healthcare position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Alignment Healthcare will appreciate offsetting losses from the drop in the long position's value.Moving together with Alignment Stock
| 0.86 | EMBC | Embecta Corp Financial Report 10th 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 |
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.
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.
Correlation analysis and pair trading evaluation for Alignment Healthcare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Alignment Healthcare Correlation against competitors. 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
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.