Align Technology Stock Alpha and Beta Analysis
| ALGN Stock | USD 311.88 11.06 3.68% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Align Technology. It also helps investors analyze the systematic and unsystematic risks associated with investing in Align Technology over a specified time horizon. Remember, high Align Technology's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Align Technology's market risk premium analysis include:
Beta 1.95 | Alpha 0.0843 | Risk 2.02 | Sharpe Ratio 0.15 | Expected Return 0.3 |
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Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
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Align Technology Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Align Technology market risk premium is the additional return an investor will receive from holding Align Technology long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Align Technology. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Align Technology's performance over market.| α | 0.08 | β | 1.95 |
Align Technology expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Align Technology's Buy-and-hold return. Our buy-and-hold chart shows how Align Technology performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.Align Technology Market Price Analysis
Market price analysis indicators help investors to evaluate how Align Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Align Technology shares will generate the highest return on investment. By understating and applying Align Technology stock market price indicators, traders can identify Align Technology position entry and exit signals to maximize returns.
Align Technology Return and Market Media
The median price of Align Technology for the period between Thu, Jan 25, 2024 and Wed, Apr 24, 2024 is 308.77 with a coefficient of variation of 6.38. The daily time series for the period is distributed with a sample standard deviation of 19.32, arithmetic mean of 302.92, and mean deviation of 15.1. The Stock received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Disposition of 10000 shares by Joseph Lacob of Align Technology at 313.0075 subject to Rule 16b-3 | 02/27/2024 |
2 | Decoding Align Technology Inc A Strategic SWOT Insight | 02/29/2024 |
3 | Neo Ivy Capital Management Acquires Shares of 3,412 Align Technology, Inc. | 03/12/2024 |
4 | Investors Interested In Align Technology, Inc.s Earnings | 04/01/2024 |
5 | Global Orthodontic and Orthopedic Market Report 2024 Historical Revenue Data for 2020-2022, Estimates for 2023, and CAGR Projections through 2028 | 04/03/2024 |
6 | Align Technology Launches Integrated Consumer Campaign and Invisisforkids to Drive Awareness of How the Invisalign Palatal Expander System Is a Better Option fo... | 04/08/2024 |
7 | Piper Sandler maintains price target on Align Technology stock | 04/09/2024 |
8 | Acquisition by Stuart Hockridge of 2765 shares of Align Technology subject to Rule 16b-3 | 04/12/2024 |
9 | Align Technology to Post Q1 Earnings Whats in Store | 04/16/2024 |
10 | Stifel raises Align Technology stock PT, cites YOY case volume growth | 04/18/2024 |
11 | Align Technology Q1 2024 Earnings Preview | 04/23/2024 |
About Align Technology Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Align or other stocks. Alpha measures the amount that position in Align Technology has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
| 2023 | 2024 (projected) | Dividend Yield | 0.13 | 0.14 | Price To Sales Ratio | 5.42 | 5.15 |
Align Technology Upcoming Company Events
As portrayed in its financial statements, the presentation of Align Technology's financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Align Technology's leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Align Technology's public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Align Technology. Please utilize our Beneish M Score to check the likelihood of Align Technology's management manipulating its earnings.
| 31st of January 2024 Upcoming Quarterly Report | View | |
| 24th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 31st of January 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Build Portfolio with Align Technology
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out Align Technology Backtesting, Align Technology Valuation, Align Technology Correlation, Align Technology Hype Analysis, Align Technology Volatility, Align Technology History and analyze Align Technology Performance. To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.Note that the Align Technology information on this page should be used as a complementary analysis to other Align Technology'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Align Stock analysis
When running Align Technology's price analysis, check to measure Align Technology'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 Align Technology is operating at the current time. Most of Align Technology's value examination focuses on studying past and present price action to predict the probability of Align Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Align Technology's price. Additionally, you may evaluate how the addition of Align Technology to your portfolios can decrease your overall portfolio volatility.
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Align Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.