Align Interest Coverage from 2010 to 2024

ALGN Stock  USD 311.88  11.06  3.68%   
Align Technology Interest Coverage yearly trend continues to be very stable with very little volatility. Interest Coverage is likely to grow to -292.62 this year. During the period from 2010 to 2024, Align Technology Interest Coverage quarterly data regression pattern had range of 2.1 K and standard deviation of  505.97. View All Fundamentals
 
Interest Coverage  
First Reported
2010-12-31
Previous Quarter
(308.03)
Current Value
(292.62)
Quarterly Volatility
505.97197105
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Align Technology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Align main balance sheet or income statement drivers, such as Interest Expense of 2 M, Selling General Administrative of 1.8 B or Total Revenue of 4.1 B, as well as many exotic indicators such as Price To Sales Ratio of 5.15, Dividend Yield of 0.14 or PTB Ratio of 5.51. Align financial statements analysis is a perfect complement when working with Align Technology Valuation or Volatility modules.
  
This module can also supplement Align Technology's financial leverage analysis and stock options assessment as well as various Align Technology Technical models . Check out the analysis of Align Technology Correlation against competitors.
To learn how to invest in Align Stock, please use our How to Invest in Align Technology guide.

Latest Align Technology's Interest Coverage Growth Pattern

Below is the plot of the Interest Coverage of Align Technology over the last few years. It is Align Technology's Interest Coverage historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Align Technology's overall financial position and show how it may be relating to other accounts over time.
Interest Coverage10 Years Trend
Slightly volatile
   Interest Coverage   
       Timeline  

Align Interest Coverage Regression Statistics

Arithmetic Mean109.53
Coefficient Of Variation461.95
Mean Deviation294.58
Median(35.71)
Standard Deviation505.97
Sample Variance256,008
Range2.1K
R-Value(0.57)
Mean Square Error186,457
R-Squared0.32
Significance0.03
Slope(64.37)
Total Sum of Squares3.6M

Align Interest Coverage History

2024 -292.62
2023 -308.03
2022 119.73
2021 27.1
2012 -35.71
2011 1771.76
2010 646.42

About Align Technology Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Align Technology income statement, its balance sheet, and the statement of cash flows. Align Technology investors use historical funamental indicators, such as Align Technology's Interest Coverage, to determine how well the company is positioned to perform in the future. Although Align Technology investors may use each financial statement separately, they are all related. The changes in Align Technology's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Align Technology'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 Align Technology Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Align Technology. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Interest Coverage(308.03)(292.62)

Pair Trading with Align Technology

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 Align Technology 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 Align Technology will appreciate offsetting losses from the drop in the long position's value.

Moving against Align Stock

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The ability to find closely correlated positions to Align Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Align Technology 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 Align Technology - 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 Align Technology to buy it.
The correlation of Align Technology 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 Align Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Align Technology 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 Align Technology 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.
Pair CorrelationCorrelation Matching
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:
Check out the analysis of Align Technology Correlation against competitors.
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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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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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.
Quarterly Earnings Growth
2.06
Earnings Share
5.81
Revenue Per Share
50.536
Quarterly Revenue Growth
0.061
Return On Assets
0.0682
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.
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.