Align Net Income from 2010 to 2024
| ALGN Stock | USD 309.02 1.48 0.48% |
Net Income | First Reported 2000-03-31 | Previous Quarter 124 M | Current Value 105 M | Quarterly Volatility 160.5 M |
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.
Align | Net Income |
Latest Align Technology's Net Income Growth Pattern
Below is the plot of the Net Income of Align Technology over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Align Technology financial statement analysis. It represents the amount of money remaining after all of Align Technology operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Align Technology's Net Income 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.
| View | Last Reported 445.05 M | 10 Years Trend |
|
Net Income |
| Timeline |
Align Net Income Regression Statistics
| Arithmetic Mean | 370,005,977 | |
| Coefficient Of Variation | 119.64 | |
| Mean Deviation | 277,765,572 | |
| Median | 231,418,000 | |
| Standard Deviation | 442,675,031 | |
| Sample Variance | 195961.2T | |
| Range | 1.8B | |
| R-Value | 0.57 | |
| Mean Square Error | 143381.8T | |
| R-Squared | 0.32 | |
| Significance | 0.03 | |
| Slope | 56,045,034 | |
| Total Sum of Squares | 2743456.6T |
Align Net Income History
Other Fundumenentals of Align Technology
| Net Income Applicable To Common Shares | ||
| Net Income From Continuing Ops | ||
| Net Income Per Share | ||
| Net Income Per E B T |
Align Technology Net Income component correlations
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 Net Income, 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 Reported | Projected for Next Year | ||
| Net Income | 445.1 M | 467.3 M | |
| Net Income Applicable To Common Shares | 415.8 M | 314 M | |
| Net Income From Continuing Ops | 362.8 M | 400.5 M | |
| Net Income Per Share | 5.82 | 6.11 | |
| Net Income Per E B T | 0.69 | 0.92 |
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
| 0.61 | DHR | Danaher | PairCorr |
Moving against Align Stock
| 0.6 | GH | Guardant Health Financial Report 14th of May 2024 | 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 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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.