Align Technology Stock Performance
| ALGN Stock | USD 240.52 14.63 6.48% |
Align Technology has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 1.44, 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. Align Technology right now shows a risk of 2.39%. Please confirm Align Technology jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to decide if Align Technology will be following its price patterns.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Align Technology are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy technical and fundamental indicators, Align Technology is not utilizing all of its potentials. The latest stock price disarray, may contribute to short-term losses for the investors. ...more
Actual Historical Performance (%)
One Day Return 5.6 | Five Day Return 7.94 | Year To Date Return (11.29) | Ten Year Return 316.32 | All Time Return 1.3 K |
1 | Align Technology Earns Overweight Rating from Piper Sandler | 09/17/2024 |
2 | Acquisition by Siegel Susan E of 1148 shares of Align Technology at 1.0E-4 subject to Rule 16b-3 | 09/18/2024 |
3 | Disposition of 603 shares by John Morici of Align Technology at 1.0E-4 subject to Rule 16b-3 | 10/03/2024 |
4 | Unpacking the Latest Options Trading Trends in Align Tech | 10/24/2024 |
5 | Align Technology Third Quarter 2024 Earnings Misses Expectations | 10/25/2024 |
6 | Why Investors Are Eyeing Align Technology Inc The Key Drivers of Market Outperformance ... | 10/28/2024 |
7 | Align Technology Opens 2025 Annual Research Program to Advance Orthodontic and Dental Patient Care | 11/04/2024 |
8 | Align Technology Inc Stock Price Up 3.19 percent on Nov 11 | 11/11/2024 |
9 | Align Technology Hosts the 2024 Invisalign Ortho Summit, Its Premier Education Event to Enhance Digital Practice Transformation and Treatment Experiences for Pa... | 11/12/2024 |
10 | Kentucky Retirement Systems Has 1.24 Million Stock Holdings in Align Technology, Inc. | 11/19/2024 |
11 | Align Technology wins CE mark for Invisalign palatal expander | 11/21/2024 |
12 | Why Is Align Technology Up 5.5 percent Since Last Earnings Report | 11/22/2024 |
| Begin Period Cash Flow | 942.4 M |
Align |
Align Technology Relative Risk vs. Return Landscape
If you would invest 23,093 in Align Technology on August 28, 2024 and sell it today you would earn a total of 959.00 from holding Align Technology or generate 4.15% return on investment over 90 days. Align Technology is currently generating 0.0924% in daily expected returns and assumes 2.3903% risk (volatility on return distribution) over the 90 days horizon. In different words, 21% of stocks are less volatile than Align, and 99% 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 = 0.0387
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| Cash | Small Risk | ALGN | High Risk | Huge Risk |
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Estimated Market Risk
| 2.39 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Align Technology is performing at about 3% 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 | 0.11 | ||||
| Return On Asset | 0.067 | ||||
| Profit Margin | 0.11 % | ||||
| Operating Margin | 0.17 % | ||||
| Current Valuation | 15.95 B | ||||
| Shares Outstanding | 74.65 M | ||||
| Price To Earning | 29.97 X | ||||
| Price To Book | 4.28 X | ||||
| Price To Sales | 4.26 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 | 126.62 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 1.38 X | ||||
| Book Value Per Share | 52.76 X | ||||
| Cash Flow From Operations | 785.78 M | ||||
| Earnings Per Share | 5.85 X | ||||
| Market Capitalization | 16.86 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
By examining Align Technology's fundamental ratios, stakeholders can obtain critical insights into Align Technology's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Align Technology is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 93.79 | 98.48 | |
| 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 90.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from zacks.com: Why Is Align Technology Up 5.5 percent Since Last Earnings Report |
- 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 closely tied 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.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Health Care Equipment & Supplies space 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 (0.02) | Earnings Share 5.85 | Revenue Per Share 52.669 | Quarterly Revenue Growth 0.018 | Return On Assets 0.067 |
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.