Alignment Healthcare Llc Stock Z Score
ALHC Stock | USD 4.79 0.09 1.91% |
Alignment | Z Score |
Alignment Z Score Analysis
Alignment Healthcare's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
More About Z Score | All Equity Analysis
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 17.4M | 18.3M | 21.2M | 19.5M | Depreciation And Amortization | 16.3M | 17.3M | 21.7M | 19.1M |
Z Score | = | Sum Of | | 5 Factors |
Current Alignment Healthcare Z Score | 4.04 |
Most of Alignment Healthcare's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Alignment Healthcare LLC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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Alignment Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Alignment Healthcare is extremely important. It helps to project a fair market value of Alignment Stock properly, considering its historical fundamentals such as Z Score. Since Alignment Healthcare'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 Alignment Healthcare'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 Alignment Healthcare's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
Competition |
In accordance with the company's disclosures, Alignment Healthcare LLC has a Z Score of 4.04. This is 40.15% lower than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The z score for all United States stocks is 53.67% higher than that of the company.
Alignment Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Alignment Healthcare's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Alignment Healthcare could also be used in its relative valuation, which is a method of valuing Alignment Healthcare by comparing valuation metrics of similar companies.Alignment Healthcare is currently under evaluation in z score category among related companies.
Alignment Healthcare Institutional Holders
Institutional Holdings refers to the ownership stake in Alignment Healthcare that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Alignment Healthcare's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Alignment Healthcare's value.Shares | Geode Capital Management, Llc | 2023-12-31 | 2 M | State Street Corporation | 2023-12-31 | 2 M | Hood River Capital Management Llc | 2023-12-31 | 2 M | Renaissance Technologies Corp | 2023-12-31 | 1.2 M | T. Rowe Price Associates, Inc. | 2023-12-31 | 1.1 M | Goldman Sachs Group Inc | 2023-12-31 | 1 M | Rhenman Partners Asset Management Ab | 2023-12-31 | 950 K | Northern Trust Corp | 2023-12-31 | 806.4 K | Charles Schwab Investment Management Inc | 2023-12-31 | 751.3 K | General Atlantic Llc | 2023-12-31 | 61 M | Warburg Pincus Llc | 2023-12-31 | 17.9 M |
Alignment Fundamentals
Return On Equity | -0.75 | ||||
Return On Asset | -0.13 | ||||
Profit Margin | (0.08) % | ||||
Operating Margin | (0.09) % | ||||
Current Valuation | 740.16 M | ||||
Shares Outstanding | 188.98 M | ||||
Shares Owned By Insiders | 6.91 % | ||||
Shares Owned By Institutions | 86.54 % | ||||
Number Of Shares Shorted | 4.78 M | ||||
Price To Book | 5.66 X | ||||
Price To Sales | 0.50 X | ||||
Revenue | 1.82 B | ||||
Gross Profit | 184.28 M | ||||
EBITDA | (105.3 M) | ||||
Net Income | (148.17 M) | ||||
Cash And Equivalents | 567.45 M | ||||
Cash Per Share | 3.03 X | ||||
Total Debt | 170.79 M | ||||
Debt To Equity | 0.61 % | ||||
Current Ratio | 3.10 X | ||||
Book Value Per Share | 0.83 X | ||||
Cash Flow From Operations | (59.19 M) | ||||
Short Ratio | 5.23 X | ||||
Earnings Per Share | (0.79) X | ||||
Price To Earnings To Growth | 0.39 X | ||||
Target Price | 8.45 | ||||
Number Of Employees | 1.54 K | ||||
Beta | 1.35 | ||||
Market Capitalization | 905.2 M | ||||
Total Asset | 591.88 M | ||||
Retained Earnings | (880.26 M) | ||||
Working Capital | 220.51 M | ||||
Z Score | 4.04 | ||||
Net Asset | 591.88 M |
About Alignment Healthcare Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Alignment Healthcare LLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alignment Healthcare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alignment Healthcare LLC 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.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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alignment Healthcare in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alignment Healthcare's short interest history, or implied volatility extrapolated from Alignment Healthcare options trading.
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
0.79 | TFX | Teleflex Incorporated Financial Report 2nd of May 2024 | PairCorr |
Moving against Alignment Stock
0.85 | MDWD | Mediwound Financial Report 4th of June 2024 | PairCorr |
0.8 | EQ | Equillium Financial Report 9th of May 2024 | PairCorr |
0.79 | SNDA | Sonida Senior Living Report 4th of April 2024 | PairCorr |
0.65 | RNLX | Renalytix AI Report 4th of April 2024 | PairCorr |
0.49 | MDGL | Madrigal Pharmaceuticals 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 Alignment Healthcare Piotroski F Score and Alignment Healthcare Valuation analysis. 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.