Align Roic from 2010 to 2024
| ALGN Stock | USD 232.77 3.11 1.35% |
ROIC | First Reported 2010-12-31 | Previous Quarter 0.1229956 | Current Value 0.08 | Quarterly Volatility 0.1817952 |
Check Align Technology financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Align Technology's 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 indicators such as Price To Sales Ratio of 5.15, Dividend Yield of 0.0 or PTB Ratio of 5.51. Align financial statements analysis is a perfect complement when working with Align Technology Valuation or Volatility modules.
Align | Roic |
Latest Align Technology's Roic Growth Pattern
Below is the plot of the Roic of Align Technology over the last few years. It is return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders. Align Technology's ROIC 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.
| Roic | 10 Years Trend |
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Roic |
| Timeline |
Align Roic Regression Statistics
| Arithmetic Mean | 0.23 | |
| Geometric Mean | 0.19 | |
| Coefficient Of Variation | 79.97 | |
| Mean Deviation | 0.12 | |
| Median | 0.20 | |
| Standard Deviation | 0.18 | |
| Sample Variance | 0.03 | |
| Range | 0.7138 | |
| R-Value | (0.32) | |
| Mean Square Error | 0.03 | |
| R-Squared | 0.10 | |
| Significance | 0.24 | |
| Slope | (0.01) | |
| Total Sum of Squares | 0.46 |
Align Roic History
About Align Technology Financial Statements
Align Technology investors utilize fundamental indicators, such as Roic, to predict how Align Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| ROIC | 0.12 | 0.08 |
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 against Align Stock
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.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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 5.87 | 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.