Align Technology Stock Price on September 24, 2019
| ALGN Stock | USD 298.98 2.36 0.78% |
Below is the normalized historical share price chart for Align Technology extending back to January 26, 2001. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Align Technology stands at 298.98, as last reported on the 19th of April, with the highest price reaching 304.75 and the lowest price hitting 296.50 during the day.
If you're considering investing in Align Stock, it is important to understand the factors that can impact its price. We consider Align Technology very steady. Align Technology secures Sharpe Ratio (or Efficiency) of 0.0904, which signifies that the company had a 0.0904% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Align Technology, which you can use to evaluate the volatility of the firm. Please confirm Align Technology's Mean Deviation of 1.66, risk adjusted performance of 0.0674, and Downside Deviation of 2.19 to double-check if the risk estimate we provide is consistent with the expected return of 0.19%.
At this time, Align Technology's Total Stockholder Equity is very stable compared to the past year. As of the 19th of April 2024, Liabilities And Stockholders Equity is likely to grow to about 6.4 B, while Common Stock Total Equity is likely to drop 7,365. . As of the 19th of April 2024, Price Earnings To Growth Ratio is likely to grow to 1.90, while Price To Sales Ratio is likely to drop 5.15. Align Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 26th of January 2001 | 200 Day MA 293.2989 | 50 Day MA 311.5944 | Beta 1.642 |
Align |
Sharpe Ratio = 0.0904
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Estimated Market Risk
| 2.05 actual daily | 18 82% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Align Technology is performing at about 7% 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.
Price Book 6.5278 | Enterprise Value Ebitda 28.6002 | Price Sales 6.1369 | Shares Float 70 M | Wall Street Target Price 321.27 |
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
About Align Technology Stock history
Align Technology investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Align is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Align Technology will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Align Technology stock prices may prove useful in developing a viable investing in Align Technology
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 76.6 M | 74.1 M | |
| Net Income Applicable To Common Shares | 415.8 M | 314 M |
Align Technology Quarterly Net Working Capital |
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Align Technology Stock Technical Analysis
Align Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Align Technology Period Price Range
Align Technology April 19, 2024 Market Strength
Market strength indicators help investors to evaluate how Align Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Align Technology shares will generate the highest return on investment. By undertsting and applying Align Technology stock market strength indicators, traders can identify Align Technology entry and exit signals to maximize returns
| Accumulation Distribution | 13999.36 | |||
| Daily Balance Of Power | (0.29) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 300.63 | |||
| Day Typical Price | 300.08 | |||
| Price Action Indicator | (2.82) | |||
| Period Momentum Indicator | (2.36) |
Align Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Align Technology's price direction in advance. Along with the technical and fundamental analysis of Align Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Align to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0674 | |||
| Jensen Alpha | 0.0754 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0609 | |||
| Treynor Ratio | 0.0965 |
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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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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 5.82 | 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.