Align Free Cash Flow vs Sale Purchase Of Stock Analysis

ALGN Stock

USD 211.06 2.52 1.18%

Align Technology financial indicator trend analysis is way more than just evaluating Align Technology prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Align Technology is a good investment. Please check the relationship between Align Technology Free Cash Flow and its Sale Purchase Of Stock accounts. 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.

Free Cash Flow vs Sale Purchase Of Stock

Free Cash Flow vs Sale Purchase Of Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Align Technology Free Cash Flow account and Sale Purchase Of Stock. At this time, the significance of the direction appears to have pay attention.

The correlation between Align Technology's Free Cash Flow and Sale Purchase Of Stock is -0.78. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Align Technology, assuming nothing else is changed. The correlation between historical values of Align Technology's Free Cash Flow and Sale Purchase Of Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Align Technology are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Free Cash Flow i.e., Align Technology's Free Cash Flow and Sale Purchase Of Stock go up and down completely randomly.

Correlation Coefficient

-0.78

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Sale Purchase Of Stock

Most indicators from Align Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Align Technology current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At this time, Align Technology's Selling General Administrative is very stable compared to the past year. As of the 21st of December 2024, Tax Provision is likely to grow to about 231.9 M, while Issuance Of Capital Stock is likely to drop about 24.4 M.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	2.0B	2.0B	2.1B	2.2B
Cost Of Revenue	1.0B	1.1B	1.2B	1.2B

Total Operating Expenses Cost Of Revenue

Align Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock
Total Assets		0.93	0.96	0.99	1.0	0.98	0.99	-0.93	0.99	0.94	0.96	0.99	0.9	0.98	0.34	0.22	-0.35	0.99	0.96	0.94	0.6	0.99	0.95	0.98	0.2	0.23
Short Long Term Debt Total	0.93		0.84	0.93	0.93	0.93	0.95	-0.8	0.9	0.8	0.86	0.93	0.8	0.9	0.46	0.34	-0.32	0.91	0.95	0.96	0.6	0.93	0.93	0.91	0.28	0.34
Other Current Liab	0.96	0.84		0.96	0.95	0.95	0.94	-0.94	0.93	0.95	0.96	0.93	0.94	0.98	0.35	0.24	-0.23	0.95	0.89	0.89	0.62	0.96	0.91	0.98	0.11	0.25
Total Current Liabilities	0.99	0.93	0.96		0.98	1.0	1.0	-0.91	0.97	0.93	0.95	0.98	0.89	0.99	0.32	0.19	-0.33	0.99	0.98	0.96	0.57	1.0	0.97	0.98	0.2	0.2
Total Stockholder Equity	1.0	0.93	0.95	0.98		0.97	0.97	-0.93	0.99	0.94	0.96	0.99	0.9	0.97	0.36	0.25	-0.36	0.97	0.95	0.92	0.61	0.98	0.93	0.97	0.2	0.26
Property Plant And Equipment Net	0.98	0.93	0.95	1.0	0.97		1.0	-0.9	0.96	0.91	0.94	0.97	0.88	0.99	0.3	0.17	-0.33	0.99	0.98	0.97	0.56	1.0	0.98	0.98	0.19	0.18
Current Deferred Revenue	0.99	0.95	0.94	1.0	0.97	1.0		-0.87	0.96	0.89	0.92	0.98	0.86	0.98	0.29	0.16	-0.35	0.99	0.99	0.97	0.54	1.0	0.98	0.97	0.19	0.16
Net Debt	-0.93	-0.8	-0.94	-0.91	-0.93	-0.9	-0.87		-0.91	-0.94	-0.99	-0.9	-0.94	-0.94	-0.46	-0.36	0.34	-0.9	-0.83	-0.8	-0.7	-0.91	-0.82	-0.94	-0.22	-0.38
Retained Earnings	0.99	0.9	0.93	0.97	0.99	0.96	0.96	-0.91		0.94	0.94	1.0	0.84	0.95	0.23	0.11	-0.44	0.98	0.95	0.9	0.51	0.97	0.92	0.94	0.2	0.13
Accounts Payable	0.94	0.8	0.95	0.93	0.94	0.91	0.89	-0.94	0.94		0.95	0.92	0.92	0.94	0.36	0.27	-0.26	0.93	0.86	0.8	0.63	0.93	0.82	0.94	0.17	0.29
Cash	0.96	0.86	0.96	0.95	0.96	0.94	0.92	-0.99	0.94	0.95		0.94	0.94	0.97	0.42	0.32	-0.36	0.94	0.88	0.86	0.66	0.95	0.88	0.97	0.22	0.34
Non Current Assets Total	0.99	0.93	0.93	0.98	0.99	0.97	0.98	-0.9	1.0	0.92	0.94		0.85	0.96	0.29	0.16	-0.43	0.98	0.96	0.93	0.53	0.98	0.94	0.94	0.22	0.17
Cash And Short Term Investments	0.9	0.8	0.94	0.89	0.9	0.88	0.86	-0.94	0.84	0.92	0.94	0.85		0.94	0.54	0.46	-0.01	0.88	0.81	0.8	0.79	0.89	0.81	0.96	0.1	0.48
Net Receivables	0.98	0.9	0.98	0.99	0.97	0.99	0.98	-0.94	0.95	0.94	0.97	0.96	0.94		0.36	0.24	-0.27	0.98	0.95	0.94	0.62	0.99	0.95	0.99	0.18	0.25
Common Stock Total Equity	0.34	0.46	0.35	0.32	0.36	0.3	0.29	-0.46	0.23	0.36	0.42	0.29	0.54	0.36		0.97	0.25	0.25	0.26	0.33	0.88	0.31	0.28	0.43	0.32	0.95
Common Stock Shares Outstanding	0.22	0.34	0.24	0.19	0.25	0.17	0.16	-0.36	0.11	0.27	0.32	0.16	0.46	0.24	0.97		0.32	0.13	0.13	0.2	0.8	0.18	0.14	0.32	0.26	0.99
Short Term Investments	-0.35	-0.32	-0.23	-0.33	-0.36	-0.33	-0.35	0.34	-0.44	-0.26	-0.36	-0.43	-0.01	-0.27	0.25	0.32		-0.34	-0.36	-0.31	0.22	-0.34	-0.35	-0.2	-0.36	0.32
Non Current Liabilities Total	0.99	0.91	0.95	0.99	0.97	0.99	0.99	-0.9	0.98	0.93	0.94	0.98	0.88	0.98	0.25	0.13	-0.34		0.97	0.94	0.54	0.99	0.95	0.97	0.18	0.14
Inventory	0.96	0.95	0.89	0.98	0.95	0.98	0.99	-0.83	0.95	0.86	0.88	0.96	0.81	0.95	0.26	0.13	-0.36	0.97		0.97	0.51	0.98	0.96	0.94	0.21	0.14
Other Current Assets	0.94	0.96	0.89	0.96	0.92	0.97	0.97	-0.8	0.9	0.8	0.86	0.93	0.8	0.94	0.33	0.2	-0.31	0.94	0.97		0.52	0.96	0.98	0.93	0.2	0.19
Other Stockholder Equity	0.6	0.6	0.62	0.57	0.61	0.56	0.54	-0.7	0.51	0.63	0.66	0.53	0.79	0.62	0.88	0.8	0.22	0.54	0.51	0.52		0.56	0.49	0.68	0.19	0.79
Total Liab	0.99	0.93	0.96	1.0	0.98	1.0	1.0	-0.91	0.97	0.93	0.95	0.98	0.89	0.99	0.31	0.18	-0.34	0.99	0.98	0.96	0.56		0.97	0.98	0.19	0.19
Property Plant And Equipment Gross	0.95	0.93	0.91	0.97	0.93	0.98	0.98	-0.82	0.92	0.82	0.88	0.94	0.81	0.95	0.28	0.14	-0.35	0.95	0.96	0.98	0.49	0.97		0.93	0.18	0.13
Total Current Assets	0.98	0.91	0.98	0.98	0.97	0.98	0.97	-0.94	0.94	0.94	0.97	0.94	0.96	0.99	0.43	0.32	-0.2	0.97	0.94	0.93	0.68	0.98	0.93		0.16	0.33
Short Term Debt	0.2	0.28	0.11	0.2	0.2	0.19	0.19	-0.22	0.2	0.17	0.22	0.22	0.1	0.18	0.32	0.26	-0.36	0.18	0.21	0.2	0.19	0.19	0.18	0.16		0.27
Common Stock	0.23	0.34	0.25	0.2	0.26	0.18	0.16	-0.38	0.13	0.29	0.34	0.17	0.48	0.25	0.95	0.99	0.32	0.14	0.14	0.19	0.79	0.19	0.13	0.33	0.27

Click cells to compare fundamentals

Align Technology Account Relationship Matchups

Align Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.5B	4.8B	5.9B	5.9B	6.1B	6.4B
Other Current Liab	304.2M	353.7M	550.8M	353.5M	458.0M	480.9M
Total Current Liabilities	971.0M	1.3B	1.9B	1.9B	2.1B	2.2B
Total Stockholder Equity	1.3B	3.2B	3.6B	3.6B	3.6B	3.8B
Property Plant And Equipment Net	688.0M	817.3M	1.2B	1.4B	1.4B	1.5B
Current Deferred Revenue	563.8M	777.9M	1.2B	1.3B	1.4B	1.5B
Net Debt	(507.0M)	(896.4M)	(996.7M)	(815.1M)	(810.8M)	(770.3M)
Retained Earnings	439.9M	2.2B	2.6B	2.6B	2.4B	2.6B
Accounts Payable	87.3M	142.1M	163.9M	127.9M	113.1M	118.8M
Cash	550.4M	960.8M	1.1B	942.1M	937.4M	984.3M
Non Current Assets Total	867.3M	3.0B	3.4B	3.5B	3.6B	3.8B
Cash And Short Term Investments	868.6M	960.8M	1.2B	999.6M	972.7M	1.0B
Net Receivables	550.3M	657.7M	897.2M	859.7M	903.4M	948.6M
Common Stock Shares Outstanding	80.1M	79.2M	79.7M	78.4M	76.6M	74.1M
Short Term Investments	318.2M	0.0	72.0M	57.5M	35.3M	33.5M
Liabilities And Stockholders Equity	2.5B	4.8B	5.9B	5.9B	6.1B	6.4B
Non Current Liabilities Total	183.6M	270.2M	395.3M	420.7M	386.8M	406.1M
Inventory	112.1M	139.2M	230.2M	338.8M	296.9M	311.7M
Other Current Assets	102.5M	91.8M	195.3M	226.4M	273.6M	287.2M
Other Stockholder Equity	906.9M	974.6M	999.0M	1.0B	1.2B	674.1M
Total Liab	1.2B	1.6B	2.3B	2.3B	2.5B	2.6B
Property Plant And Equipment Gross	631.7M	817.3M	1.2B	1.4B	2.0B	2.1B
Total Current Assets	1.6B	1.8B	2.5B	2.4B	2.4B	2.6B
Accumulated Other Comprehensive Income	(688K)	43.5M	4.3M	(10.3M)	21.2M	22.2M
Short Term Debt	15.7M	21.7M	22.7M	26.6M	29.7M	17.5M
Non Currrent Assets Other	33.7M	35.2M	57.5M	55.8M	128.7M	135.1M
Other Assets	97.7M	1.7B	1.6B	1.6B	1.9B	2.0B
Property Plant Equipment	631.7M	734.7M	1.2B	1.4B	1.6B	1.6B
Other Liab	140.1M	205.8M	292.7M	320.4M	368.4M	386.8M
Good Will	63.9M	444.8M	418.5M	407.6M	419.5M	440.5M
Intangible Assets	11.8M	130.1M	109.7M	95.7M	82.1M	86.2M
Net Tangible Assets	1.3B	2.7B	3.1B	3.1B	3.6B	3.7B
Retained Earnings Total Equity	378.1M	439.9M	2.2B	2.6B	3.0B	3.2B
Capital Surpluse	877.5M	906.9M	974.6M	999.0M	1.1B	898.1M
Deferred Long Term Liab	15.1M	22.8M	31.1M	27.4M	31.5M	33.1M
Non Current Liabilities Other	183.6M	270.2M	174.6M	196.0M	173.1M	102.5M

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

0.48	ECOR	Electrocore LLC	Pair Corr
0.4	MD	Mednax Inc	Pair Corr
0.36	VTAK	Catheter Precision	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Align Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Align Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Align Technology Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Align Technology Stock:

How To Invest In Align

Details

Is Align Stock a good investment?

Details

What is Align Technology's Net Worth?

Details

Largest Health Care Equipment & Supplies Companies

View

Largest Health Care Equipment & Services Companies

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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 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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

5.78

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.

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Align Free Cash Flow vs Sale Purchase Of Stock Analysis

Free Cash Flow vs Sale Purchase Of Stock

Free Cash Flow vs Sale Purchase Of Stock Correlation Analysis

Correlation Coefficient

Free Cash Flow

Sale Purchase Of Stock

Align Technology fundamental ratios Correlations

Align Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Align Technology fundamental ratios Accounts

Pair Trading with Align Technology

Moving against Align Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Property Plant And Equipment Net	+ 1.0	Total Current Liabilities
Current Deferred Revenue	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Current Deferred Revenue	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net

Cash	- 0.99	Net Debt
Total Current Assets	- 0.94	Net Debt
Net Receivables	- 0.94	Net Debt
Cash And Short Term Investments	- 0.94	Net Debt
Accounts Payable	- 0.94	Net Debt
Net Debt	- 0.94	Other Current Liab