Align Competitors

Stocks . USA . 
Stock . Align Technology
ALGN Stock  USD 311.88  11.06  3.68%   
Align Technology competes with Insulet, Tandem Diabetes, Abbott Laboratories, Stryker, and Shockwave Medical; as well as few others. The company conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. Analyzing Align Technology competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Align Technology to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Align Technology Correlation with its peers.
To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Align Technology competition on your existing holdings.
  
Specify up to 10 symbols:
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Align Technology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
309.86311.88313.90
Details
Intrinsic
Valuation
LowRealHigh
266.20268.22343.07
Details
Naive
Forecast
LowNextHigh
300.02302.04304.06
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
296.40315.12333.85
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Align Technology. Your research has to be compared to or analyzed against Align Technology's peers to derive any actionable benefits. When done correctly, Align Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Align Technology.

Align Technology Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Align Technology and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Align and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Align Technology does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
SWAV
+ 0.91
TNDM
BSX
+ 0.84
TNDM
BSX
+ 0.83
EW
DXCM
+ 0.81
TNDM
EW
+ 0.79
SYK
BSX
+ 0.79
SWAV
  
High negative correlations   
TNDM
- 0.76
PODD
BSX
- 0.73
PODD
SWAV
- 0.69
PODD
EW
- 0.59
PODD
MDT
- 0.56
SWAV
SWAV
- 0.5
ABT

Risk-Adjusted Indicators

There is a big difference between Align Stock performing well and Align Technology Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Align Technology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PODD  1.71 (0.23) 0.00  0.83  0.00 
 0.00 
 3.20 
(3.73)
 11.50 
TNDM  3.74  0.68  0.19  0.64  3.26 
(4.94)
 10.86 
(5.02)
 29.46 
ABT  0.91 (0.06) 0.00  0.79  0.00 
 0.00 
 1.78 
(2.08)
 5.33 
SYK  0.84  0.11  0.03  1.30  0.69 
(1.10)
 2.21 
(1.08)
 8.50 
SWAV  1.46  0.63  0.43 (6.44) 0.71 
(1.98)
 2.91 
(1.63)
 14.73 
EW  1.38  0.23  0.16  0.41  0.99 
(1.72)
 2.59 
(1.81)
 12.50 
DXCM  1.54  0.17  0.01 (0.15) 1.74 
(1.85)
 4.19 
(2.78)
 13.54 
BSX  0.76  0.21  0.13 (1.48) 0.62 
(0.90)
 1.53 
(1.12)
 5.27 
MDT  0.79 (0.07) 0.00  2.18  0.00 
 0.00 
 1.37 
(1.95)
 6.33 
TMDX  2.68  0.19  0.02 (0.25) 2.82 
(3.27)
 5.15 
(5.27)
 21.68 

Align Technology Competitive Analysis

The better you understand Align Technology competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Align Technology's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Align Technology's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
ALGN PODD TNDM ABT SYK SWAV EW DXCM BSX MDT
 3.68 
 311.88 
Align
 1.73 
 167.27 
Insulet
 10.21 
 34.97 
Tandem
 0.49 
 107.59 
Abbott
 2.21 
 334.91 
Stryker
 0.02 
 328.54 
Shockwave
 0.91 
 87.75 
Edwards
 1.89 
 134.00 
DexCom
 1.43 
 68.99 
Boston
 0.89 
 81.29 
Medtronic
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Not too volatile
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Market Performance
(90 Days Performance)
Good
Very Weak
Good
Very Weak
OK
Solid
Good
Insignificant
Solid
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Low
Low
Low
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Under Valued
Over Valued
Fairly Valued
Fairly Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Hold
Strong Sell
Hold
Strong Sell
Strong Hold
Cautious Hold
Strong Buy
Strong Sell
Cautious Hold
Cautious Hold
Current Ratio
1.38
4.69
4.8
1.86
2.0
5.32
3.83
3.77
1.45
1.76
Net Asset
6.08 B
2.59 B
952.66 M
73.21 B
39.91 B
1.57 B
9.36 B
6.26 B
35.14 B
90.95 B
Profit Margin
0.12
0.12
-0.3
0.14
0.15
0.2
0.23
0.15
0.11
0.13
EBITDA
643.34 M
220 M
(118.22 M)
10.59 B
4.95 B
176.35 M
1.53 B
916.7 M
3.62 B
9.04 B
Operating Margin
0.19
0.26
-0.18
0.14
0.24
0.22
0.39
0.21
0.17
0.19
Current Valuation
21.75 B
12.37 B
2.03 B
194.6 B
135.05 B
12.07 B
50.8 B
50.26 B
108.74 B
124.05 B
Price To Book
6.53
16.75
6.9
4.9
7.0
18.38
8.17
25.38
5.19
2.05
Retained Earnings
2.45 B
(378 M)
(951.8 M)
37.55 B
16.77 B
110.47 M
8.99 B
1.02 B
819 M
30.39 B
Current Asset
732.01 M
190.76 M
106.98 M
14.15 B
1.15 B
N/A
2.05 B
231.3 M
1.21 B
23.6 B
Five Year Return
N/A
N/A
N/A
1.54
1.07
N/A
N/A
N/A
N/A
2.18
Beta
1.64
1.0
1.13
0.74
0.91
0.88
1.07
1.21
0.79
0.78
Number Of Employees
21.61 K
3 K
2.4 K
114 K
52 K
1.47 K
19.8 K
9.5 K
48 K
95 K
Shares Outstanding
75.28 M
70.02 M
64.56 M
1.74 B
380.47 M
37.51 M
601.93 M
385.52 M
1.47 B
1.33 B
Cash Flow From Operations
785.78 M
145.4 M
(31.81 M)
7.26 B
3.71 B
196.05 M
895.8 M
748.5 M
2.5 B
6.04 B
Annual Yield
N/A
N/A
N/A
0.0205
0.0098
N/A
N/A
N/A
N/A
0.0343
Total Debt
96.97 M
1.45 B
415.67 M
15.87 B
12.99 B
770.61 M
694.9 M
2.59 B
9.49 B
24.36 B
Return On Equity
0.12
0.34
-0.59
0.15
0.18
0.25
0.22
0.26
0.0858
0.0817
Return On Asset
0.0682
0.0609
-0.0963
0.0611
0.0687
0.0938
0.12
0.0641
0.0447
0.0423
Number Of Shares Shorted
1.41 M
3.12 M
9.31 M
14.48 M
4.24 M
2.03 M
10.38 M
14.57 M
12.43 M
12.43 M
Book Value Per Share
48.36
10.48
4.78
22.26
48.92
18.08
11.06
5.37
13.16
38.95
Current Liabilities
271.67 M
65.16 M
26.52 M
9.19 B
707.5 M
N/A
476.2 M
66.9 M
923 M
7.17 B
Total Asset
6.08 B
2.59 B
952.66 M
73.21 B
39.91 B
1.57 B
9.36 B
6.26 B
35.14 B
90.95 B
Debt To Equity
0.032
3.34
1.0
0.46
0.88
0.16
0.11
1.17
0.51
0.51
Short Ratio
2.81
3.46
4.0
2.26
3.74
2.97
2.57
4.32
2.01
1.96
Target Price
321.27
236.83
35.93
126.79
372.04
316.14
94.52
151.32
74.2
94.0
Last Dividend Paid
N/A
N/A
N/A
2.12
3.05
N/A
N/A
N/A
N/A
2.75
Shares Owned By Institutions
87.94
99.69
99.4
77.03
78.8
95.3
84.01
99.6
94.47
85.25
Market Capitalization
22.65 B
11.51 B
2.05 B
185.79 B
124.67 B
12.33 B
52.34 B
50.7 B
99.98 B
106.98 B
Price To Earning
29.97
N/A
494.25
24.14
63.07
178.55
32.77
245.31
107.05
20.44
Price To Earnings To Growth
1.96
3.15
N/A
5.99
2.92
1.38
5.19
2.53
1.8
1.52
Price To Sales
6.14
7.23
2.89
4.72
6.35
16.83
9.05
14.49
7.03
3.29
Net Income
445.05 M
206.3 M
(222.61 M)
5.7 B
3.17 B
147.28 M
1.4 B
541.5 M
1.59 B
3.78 B
Earnings Per Share
5.81
2.94
-3.43
3.21
8.26
3.84
2.3
1.29
1.07
3.15
Shares Owned By Insiders
6.53
0.31
0.6
0.53
5.39
1.27
0.88
0.4
0.2
0.1
Revenue
3.86 B
1.7 B
747.72 M
40.11 B
20.5 B
730.23 M
6 B
3.62 B
14.24 B
31.23 B
Working Capital
380.01 M
1.13 B
552.73 M
8.83 B
4.6 B
1.12 B
2.84 B
2.87 B
1.58 B
12.62 B
Cash And Equivalents
1.09 B
708.6 M
608.73 M
9.88 B
1.84 B
224.91 M
769 M
2.37 B
928 M
1.54 B
Cash Per Share
13.96
10.21
9.47
5.68
2.98
6.26
2.81
6.14
0.24
8.59
Gross Profit
2.64 B
805.6 M
412.99 M
24.58 B
11.65 B
424.74 M
4.3 B
1.88 B
8.68 B
21.71 B
Day Typical Price
308.09
166.9
34.16
107.67
332.34
328.76
87.48
133.44
68.6
81.08
Accumulation Distribution
0.0399
0.0249
0.0714
0.0073
0.0242
0.0029
0.0133
0.0319
0.0174
0.0089
Market Facilitation Index
12.47
4.21
2.5
0.79
8.12
0.94
1.17
4.31
1.2
0.72
Daily Balance Of Power
0.8869
0.677
1.296
0.6582
0.8904
(0.06)
0.6752
0.5754
0.8083
1.0
Period Momentum Indicator
11.06
2.85
3.24
0.52
7.23
(0.06)
0.79
2.48
0.97
0.72
Rate Of Daily Change
1.04
1.02
1.1
1.0
1.02
1.0
1.01
1.02
1.01
1.01
Day Median Price
306.2
166.72
33.76
107.71
331.06
328.87
87.35
133.16
68.4
80.98
Price Action Indicator
11.22
1.98
2.83
0.15
7.47
(0.36)
0.8
2.08
1.07
0.67
Relative Strength Index
53.4
43.62
59.05
42.42
47.48
74.33
50.72
51.22
60.7
43.25
Coefficient Of Variation
681.74
(978.47)
639.08
(2,086)
981.55
367.47
678.4
1963.59
479.64
(1,615)
Mean Deviation
1.58
1.71
3.74
0.9096
0.8403
1.46
1.38
1.54
0.7587
0.7916
Jensen Alpha
0.258
(0.23)
0.6754
(0.06)
0.1063
0.6313
0.2306
0.166
0.206
(0.07)
Total Risk Alpha
0.0099
(0.58)
0.0892
(0.22)
(0.05)
0.3048
0.0116
(0.21)
0.0604
(0.22)
Sortino Ratio
0.0985
N/A
0.1855
N/A
0.0345
0.4258
0.1599
0.0117
0.126
N/A
Downside Variance
4.17
N/A
14.01
N/A
0.6806
1.59
1.65
3.35
0.7539
N/A
Standard Deviation
2.02
2.39
5.05
1.16
1.21
2.33
2.04
2.29
0.982
1.08
Kurtosis
(0.57)
2.06
1.59
0.1339
7.88
9.67
6.77
4.93
0.7192
1.98
Potential Upside
3.68
3.2
10.86
1.78
2.21
2.91
2.59
4.19
1.53
1.37
Treynor Ratio
0.862
0.8309
0.6377
0.7893
1.3
(6.44)
0.4139
(0.15)
(1.48)
2.18
Maximum Drawdown
8.07
11.5
29.46
5.33
8.5
14.73
12.5
13.54
5.27
6.33
Variance
4.08
5.71
25.47
1.35
1.48
5.41
4.15
5.25
0.9643
1.16
Market Risk Adjusted Performance
0.872
0.8409
0.6477
0.7993
1.31
(6.43)
0.4239
(0.14)
(1.47)
2.19
Risk Adjusted Performance
0.0984
(0.06)
0.1063
(0.03)
0.0684
0.177
0.0989
0.039
0.1337
(0.03)
Skewness
0.0924
(0.50)
0.7888
(0.30)
1.97
2.5
2.13
1.37
0.196
0.3489
Semi Deviation
1.67
N/A
3.26
N/A
0.693
0.7133
0.9919
1.74
0.622
N/A
Information Ratio
0.0995
(0.14)
0.1376
(0.13)
0.0234
0.2312
0.1006
0.0093
0.1114
(0.15)
Value At Risk
(3.06)
(3.73)
(5.02)
(2.08)
(1.08)
(1.63)
(1.81)
(2.78)
(1.12)
(1.95)
Expected Short fall
(1.61)
N/A
(4.94)
N/A
(1.10)
(1.98)
(1.72)
(1.85)
(0.90)
N/A
Downside Deviation
2.04
N/A
3.74
N/A
0.825
1.26
1.28
1.83
0.8683
N/A
Semi Variance
2.79
N/A
10.64
N/A
0.4802
0.5088
0.9839
3.03
0.3869
N/A

Align Technology Competition Performance Charts

Five steps to successful analysis of Align Technology Competition

Align Technology's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Align Technology in relation to its competition. Align Technology's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Align Technology in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Align Technology's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Align Technology, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Align Technology position

In addition to having Align Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Processed Foods Thematic Idea Now

Processed Foods
Processed Foods Theme
Companies producing and distributing processed foods to retail sectors. The Processed Foods theme has 39 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Processed Foods Theme or any other thematic opportunities.
View All  Next Launch
When determining whether Align Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Align Technology'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 Align Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Align Technology Stock:
How To Invest In Align
Details
Is Align Stock a good investment?
Details
What is Align Technology's Net Worth?
Details
Largest Medical Equipment Companies
View
Largest Medical Devices Companies
View
Check out Align Technology Correlation with its peers.
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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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.
Investing Opportunities
Build portfolios using our predefined set of ideas and optimize them against your investing preferences
Transaction History
View history of all your transactions and understand their impact on performance
Portfolio Rebalancing
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Sectors
List of equity sectors categorizing publicly traded companies based on their primary business activities
Global Correlations
Find global opportunities by holding instruments from different markets
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Is Align Technology'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 Align Technology. If investors know Align 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 Align Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Align Technology is measured differently than its book value, which is the value of Align that is recorded on the company's balance sheet. Investors also form their own opinion of Align Technology's value that differs from its market value or its book value, called intrinsic value, which is Align Technology'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 Align Technology's market value can be influenced by many factors that don't directly affect Align Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Altman
Z Score
Details
Piotroski
F Score
Details
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
Please note, there is a significant difference between Align Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Align Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Align Technology'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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY