Align Technology Stock Five Year Return
| ALGN Stock | USD 313.78 1.90 0.61% |
Align Technology fundamentals help investors to digest information that contributes to Align Technology's financial success or failures. It also enables traders to predict the movement of Align Stock. The fundamental analysis module provides a way to measure Align Technology's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Align Technology stock.
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Align Technology Company Five Year Return Analysis
Align Technology's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Align Five Year Return Driver Correlations
Understanding the fundamental principles of building solid financial models for Align Technology is extremely important. It helps to project a fair market value of Align Stock properly, considering its historical fundamentals such as Five Year Return. Since Align Technology's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Align Technology's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Align Technology's interrelated accounts and indicators.
Click cells to compare fundamentals
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
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Align Return On Tangible Assets
Return On Tangible Assets |
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According to the company disclosure, Align Technology has a Five Year Return of 0.0%. This indicator is about the same for the Health Care Equipment & Supplies average (which is currently at 0.0) sector and about the same as Health Care (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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Align Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0682 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.19 % | ||||
| Current Valuation | 22.58 B | ||||
| Shares Outstanding | 75.28 M | ||||
| Shares Owned By Insiders | 6.53 % | ||||
| Shares Owned By Institutions | 87.94 % | ||||
| Number Of Shares Shorted | 1.41 M | ||||
| Price To Earning | 29.97 X | ||||
| Price To Book | 6.53 X | ||||
| Price To Sales | 6.14 X | ||||
| Revenue | 3.86 B | ||||
| Gross Profit | 2.64 B | ||||
| EBITDA | 643.34 M | ||||
| Net Income | 445.05 M | ||||
| Cash And Equivalents | 1.09 B | ||||
| Cash Per Share | 13.96 X | ||||
| Total Debt | 96.97 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 1.38 X | ||||
| Book Value Per Share | 48.36 X | ||||
| Cash Flow From Operations | 785.78 M | ||||
| Short Ratio | 2.81 X | ||||
| Earnings Per Share | 5.80 X | ||||
| Price To Earnings To Growth | 1.96 X | ||||
| Target Price | 321.27 | ||||
| Number Of Employees | 21.61 K | ||||
| Beta | 1.64 | ||||
| Market Capitalization | 23.48 B | ||||
| Total Asset | 6.08 B | ||||
| Retained Earnings | 2.45 B | ||||
| Working Capital | 380.01 M | ||||
| Current Asset | 732.01 M | ||||
| Current Liabilities | 271.67 M | ||||
| Net Asset | 6.08 B |
About Align Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Align Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Align Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Align Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 together with Align Stock
| 0.75 | HQY | HealthEquity Financial Report 3rd of June 2024 | PairCorr |
Moving against Align Stock
| 0.77 | RSLS | ReShape Lifesciences | PairCorr |
| 0.75 | SINT | SINTX Technologies | PairCorr |
| 0.64 | HSDT | Helius Medical Techn Financial Report 9th of May 2024 | PairCorr |
| 0.63 | CMAX | CareMax Trending | PairCorr |
| 0.6 | HCAT | Health Catalyst Upward Rally | PairCorr |
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.Check out Align Technology Piotroski F Score and Align Technology Altman Z Score analysis. 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 Valuation module to check real value of public entities based on technical and fundamental data.
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 5.8 | 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.