Align Technology Stock Performance
| ALGN Stock | USD 313.78 1.90 0.61% |
On a scale of 0 to 100, Align Technology holds a performance score of 11. The firm shows a Beta (market volatility) of 1.95, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Align Technology will likely underperform. Please check Align Technology's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Align Technology's price patterns will revert.
Risk-Adjusted Performance
11 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Align Technology are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating technical and fundamental indicators, Align Technology displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
Actual Historical Performance (%)
One Day Return 0.67 | Five Day Return 3.63 | Year To Date Return 16.76 | Ten Year Return 518.1 | All Time Return 1.8 K |
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 |
| Begin Period Cash Flow | 942.4 M |
Align |
Align Technology Relative Risk vs. Return Landscape
If you would invest 26,211 in Align Technology on January 25, 2024 and sell it today you would earn a total of 5,167 from holding Align Technology or generate 19.71% return on investment over 90 days. Align Technology is currently generating 0.306% in daily expected returns and assumes 2.0203% risk (volatility on return distribution) over the 90 days horizon. In different words, 17% of stocks are less volatile than Align, and 94% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Align Technology Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Align Technology's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Align Technology, and traders can use it to determine the average amount a Align Technology's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1515
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.02 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Align Technology is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Align Technology by adding it to a well-diversified portfolio.
Align Technology Fundamentals Growth
Align Stock prices reflect investors' perceptions of the future prospects and financial health of Align Technology, and Align Technology fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Align Stock performance.
| 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 | ||||
| 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 | ||||
| Earnings Per Share | 5.80 X | ||||
| 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 | ||||
About Align Technology Performance
To evaluate Align Technology Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Align Technology generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Align Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Align Technology market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Align's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 94.77 | 99.50 | |
| Return On Tangible Assets | 0.08 | 0.08 | |
| Return On Capital Employed | 0.16 | 0.17 | |
| Return On Assets | 0.07 | 0.08 | |
| Return On Equity | 0.12 | 0.09 |
Things to note about Align Technology performance evaluation
Checking the ongoing alerts about Align Technology for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Align Technology help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Align Technology has a strong financial position based on the latest SEC filings | |
| Over 88.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from seekingalpha.com: Align Technology Q1 2024 Earnings Preview |
- Analyzing Align Technology's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Align Technology's stock is overvalued or undervalued compared to its peers.
- Examining Align Technology's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Align Technology's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Align Technology's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Align Technology's stock. These opinions can provide insight into Align Technology's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Align Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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.