Align Competitors

Stocks . Brazil . 
Stock . Align Technology
A1LG34 Stock  BRL 348.54  21.18  6.47%   
Align Technology competes with Abbott Laboratories, Fras Le, Western Digital, Energisa, and BTG Pactual; as well as few others. The company operates under Healthcare sector and is part of Medical Devices industry. Analyzing Align Technology competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Align Technology to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Align Technology Correlation with its peers.
For information on how to trade Align Stock refer to our How to Trade Align Stock guide.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Align Technology competition on your existing holdings.
  
Hype
Prediction
LowEstimatedHigh
347.05348.54350.03
Details
Intrinsic
Valuation
LowRealHigh
312.32313.81383.39
Details
Naive
Forecast
LowNextHigh
343.34344.82346.31
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
319.32340.07360.82
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Align Technology. Your research has to be compared to or analyzed against Align Technology's peers to derive any actionable benefits. When done correctly, Align Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Align Technology.

Align Technology Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Align Technology and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Align and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Align Technology does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
BTLG11
+ 0.88
ENGI11
PGCO34
+ 0.75
ABTT34
RAPT3
+ 0.71
FRAS3
BTLG11
+ 0.56
CLIN11
RAPT3
+ 0.53
ABTT34
CLIN11
+ 0.52
ENGI11
  
High negative correlations   
RAPT3
- 0.66
BTLG11
BTLG11
- 0.65
FRAS3
RAPT3
- 0.63
ENGI11
ENGI11
- 0.62
ABTT34
BTLG11
- 0.6
ABTT34
PGCO34
- 0.56
CLIN11

Risk-Adjusted Indicators

There is a big difference between Align Stock performing well and Align Technology Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Align Technology's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
All Fundamental Data

Align Technology Competitive Analysis

The better you understand Align Technology competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Align Technology's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Align Technology's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
A1LG34 ABTT34 FRAS3 W1DC34 ENGI11 CLIN11 BTLG11 PGCO34 CPLE5 RAPT3
 6.47 
 348.54 
Align
 0.07 
 59.80 
Abbott
 1.29 
 20.36 
Fras
 0.00 
 365.00 
Western
 0.94 
 40.21 
Energisa
 0.20 
 88.23 
Clave
 1.17 
 95.00 
BTG
 1.52 
 75.83 
Procter
 2.11 
 11.60 
Companhia
 0.91 
 8.89 
Randon
Market Volatility
(90 Days Market Risk)
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Very steady
Slightly risky
Not too volatile
Market Performance
(90 Days Performance)
Modest
OK
Insignificant
Weak
Very Weak
Very Weak
Very Weak
Good
Weak
Very Weak
Odds of Financial Distress
(Probability Of Bankruptcy)
Low
Low
Low
Below Average
Low
Unknown
Low
Low
Low
Low
Current Valuation
(Equity Enterprise Value)
Over Valued
Over Valued
Over Valued
Fairly Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Over Valued
Buy or Sell Advice
(Average Analysts Consensus)
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Not Available
Trade Advice
(90 Days Macroaxis Advice)
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Strong Sell
Current Ratio
1.32
1.75
1.98
2.01
1.65
2.78
0.79
1.02
2.25
Net Asset
5.94 B
75.2 B
3.08 B
26.26 B
54.77 B
N/A
117.21 B
49.54 B
10.72 B
Profit Margin
0.0968
0.16
0.064
-0.0059
0.086
18.96
0.18
0.0384
0.0494
EBITDA
1.09 B
10.69 B
421.55 M
3.32 B
6.46 B
N/A
21.24 B
7.31 B
1.3 B
Operating Margin
0.18
0.2
0.11
0.0554
0.21
62.59
0.23
0.068
0.11
Current Valuation
76.27 B
1.07 T
1.93 B
85.55 B
18.78 B
202.43 M
2.06 T
29.12 B
5.74 B
Price To Book
4.19
5.41
1.54
0.91
N/A
1.08
8.36
3.07
0.95
Five Year Return
N/A
1.67
3.77
N/A
2.94
N/A
N/A
N/A
N/A
Retained Earnings
N/A
N/A
130 M
N/A
N/A
N/A
N/A
N/A
341 M
Current Asset
N/A
N/A
474 M
N/A
N/A
N/A
N/A
N/A
2.91 B
Beta
1.62
0.65
0.77
1.65
0.66
0.65
0.4
0.46
1.1
Number Of Employees
10
115 K
5 K
65 K
17.15 K
N/A
106 K
6.06 K
16.13 K
Shares Outstanding
309.2 M
20.92 B
267.02 M
319.33 M
N/A
1.65 M
33.03 B
3.13 M
116.52 M
Cash Flow From Operations
1.17 B
10.53 B
245.04 M
1.88 B
881.74 M
5.63 M
16.72 B
3.39 B
909.06 M
Annual Yield
N/A
0.0176
0.0341
0.0258
0.086
N/A
0.0262
0.0206
0.11
Total Debt
96.73 M
17.3 B
923.67 M
7.02 B
19.31 B
N/A
22.85 B
9.1 B
3.06 B
Return On Equity
0.1
0.19
0.13
-0.0077
0.23
1.13
0.32
0.0426
0.2
Z Score
N/A
34.2
1.2
6.0
N/A
N/A
45.0
1.2
N/A
Return On Asset
0.0688
0.0882
0.0597
0.0213
0.0655
2.33
0.0955
0.0195
0.0669
Book Value Per Share
11.61
5.12
6.74
37.98
5.73
98.81
1.31
7.66
8.44
Current Liabilities
N/A
N/A
236 M
N/A
N/A
N/A
N/A
N/A
1.13 B
Total Asset
5.94 B
75.2 B
3.08 B
26.26 B
54.77 B
N/A
117.21 B
49.54 B
10.72 B
Debt To Equity
0.028
0.55
50.7
0.93
239.0
N/A
54.4
65.6
131.7
Last Dividend Paid
N/A
1.92
0.28
N/A
0.67
0.32
3.61
1.17
0.73
Target Price
N/A
N/A
13.8
N/A
58.89
N/A
N/A
N/A
N/A
Shares Owned By Institutions
N/A
N/A
33.16
N/A
43.09
0.03
N/A
N/A
14.68
Market Capitalization
129.2 B
1 T
2.73 B
72.69 B
11.03 B
157.42 M
1.73 T
20.47 B
2.58 B
Price To Earning
67.76
40.47
17.57
53.91
78.94
98.94
102.83
7.88
20.64
Price To Earnings To Growth
10.92
18.67
N/A
490.96
0.7
N/A
4.98
N/A
N/A
Price To Sales
21.83
22.38
0.91
3.41
0.41
14.75
23.62
0.85
0.24
Net Income
772.02 M
6.93 B
211.23 M
1.5 B
2.82 B
2.02 M
14.74 B
4.95 B
697.88 M
Earnings Per Share
5.47
1.69
0.76
15.83
1.38
1.08
2.15
0.58
1.91
Shares Owned By Insiders
N/A
N/A
65.61
N/A
N/A
N/A
N/A
12.75
81.71
Revenue
3.95 B
43.65 B
2.58 B
18.79 B
26.8 B
10.67 M
80.19 B
23.98 B
9.06 B
Working Capital
N/A
N/A
238 M
N/A
N/A
N/A
N/A
N/A
1.78 B
Cash And Equivalents
1.09 B
8.37 B
236.68 M
2.73 B
435.34 M
N/A
9.82 B
1.7 B
1.76 B
Cash Per Share
3.44
1.18
0.57
8.92
1.36
N/A
3.92
6.21
4.07
Gross Profit
2.63 B
24.68 B
748.3 M
5.87 B
4.54 B
8.26 M
38.21 B
4.86 B
2.27 B
Day Typical Price
348.54
59.99
20.11
365.0
39.98
88.26
95.06
76.62
11.6
8.8
Accumulation Distribution
N/A
0.0285
0.0388
N/A
0.0355
0.004
0.0278
0.0304
N/A
0.0292
Market Facilitation Index
N/A
1.74
0.79
N/A
1.44
0.35
2.68
2.38
N/A
0.26
Daily Balance Of Power
9.2 T
(0.02)
0.3291
0.0
(0.26)
0.5143
(0.42)
(0.49)
9.2 T
0.3077
Period Momentum Indicator
21.18
(0.04)
0.26
N/A
(0.38)
0.18
(1.12)
(1.17)
0.24
0.08
Rate Of Daily Change
1.06
1.0
1.01
1.0
0.99
1.0
0.99
0.98
1.02
1.01
Day Median Price
348.54
60.09
19.99
365.0
39.87
88.28
95.09
77.02
11.6
8.76
Price Action Indicator
10.59
(0.31)
0.5
N/A
0.15
0.045
(0.65)
(1.77)
0.12
0.17
Relative Strength Index
59.36
53.87
34.26
100.0
30.69
53.87
57.86
50.08
52.72
53.15
Coefficient Of Variation
1235.89
662.35
2568.13
1036.53
(543.21)
(1,635)
(709.06)
712.44
(4,958)
5125.24
Mean Deviation
0.6115
1.06
1.05
0.328
1.03
0.7044
0.5269
1.08
2.2
1.25
Jensen Alpha
0.0887
0.2495
0.0284
0.0137
(0.27)
(0.07)
(0.11)
0.1704
(0.06)
0.0273
Total Risk Alpha
(0.14)
(0.04)
(0.19)
(0.08)
(0.50)
(0.21)
(0.24)
(0.05)
(0.84)
(0.26)
Sortino Ratio
(0.01)
0.0676
(0.06)
N/A
N/A
N/A
N/A
0.0526
N/A
(0.06)
Downside Variance
9.77
2.18
2.13
N/A
N/A
N/A
N/A
1.39
N/A
2.9
Standard Deviation
1.46
1.57
1.42
1.06
1.39
0.8864
0.7381
1.42
4.45
1.68
Kurtosis
10.02
2.48
0.4034
22.31
0.3475
(0.11)
2.19
2.11
9.18
1.43
Potential Upside
2.64
2.95
2.61
N/A
2.44
1.01
0.9777
2.19
4.55
2.39
Treynor Ratio
0.7016
(1.32)
0.3431
0.1498
(51.97)
(1.71)
2.17
1.26
0.3527
(0.63)
Maximum Drawdown
10.68
8.38
6.85
9.38
6.68
4.19
4.73
7.52
31.27
10.2
Variance
2.14
2.48
2.01
1.13
1.92
0.7856
0.5448
2.02
19.82
2.81
Market Risk Adjusted Performance
0.7116
(1.31)
0.3531
0.1598
(51.96)
(1.70)
2.18
1.27
0.3627
(0.62)
Risk Adjusted Performance
0.0666
0.1206
0.0344
0.0766
(0.14)
(0.05)
(0.11)
0.1119
(0.01)
0.0204
Skewness
1.01
0.7577
(0.15)
3.57
0.2018
(0.29)
0.4513
0.7978
1.54
3.0E-4
Semi Deviation
0.8411
1.1
1.37
N/A
N/A
N/A
N/A
1.01
N/A
1.67
Information Ratio
(0.01)
0.0635
(0.06)
(0.03)
(0.28)
(0.22)
(0.33)
0.0436
(0.05)
(0.06)
Value At Risk
(2.02)
(2.42)
(2.72)
N/A
(2.57)
(1.70)
(1.29)
(1.84)
(8.33)
(2.66)
Expected Short fall
(3.00)
(1.26)
(1.11)
N/A
N/A
N/A
N/A
(1.24)
N/A
(1.28)
Downside Deviation
3.13
1.48
1.46
N/A
N/A
N/A
N/A
1.18
N/A
1.7
Semi Variance
0.7075
1.22
1.88
N/A
N/A
N/A
N/A
1.02
N/A
2.78

Align Technology Competition Performance Charts

Five steps to successful analysis of Align Technology Competition

Align Technology's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Align Technology in relation to its competition. Align Technology's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Align Technology in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Align Technology's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Align Technology, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Align Technology position

In addition to having Align Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Artificial Intelligence
Artificial Intelligence Theme
Technology companies, funds, and ETFs across multiple industries that are involved in research or development in the field of reasoning, learning, natural language processing and perception as well as its application to science and commerce. This theme may also include entities involved in cybernetics and cognitive brain simulation field. The Artificial Intelligence theme has 42 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Artificial Intelligence Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in Align Stock

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
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Largest Health Care Equipment & Services Companies
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Check out Align Technology Correlation with its peers.
For information on how to trade Align Stock refer to our How to Trade Align Stock guide.
You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Altman
Z Score
Details
Intrinsic
Valuation
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Technical
Analysis
Details
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.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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