Alignment Healthcare Llc Stock Market Value
| ALHC Stock | USD 12.61 0.22 1.71% |
| Symbol | Alignment |
Alignment Healthcare LLC Price To Book Ratio
Is Health Care Providers & Services 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 Alignment Healthcare. If investors know Alignment 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 Alignment Healthcare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.76) | Revenue Per Share 12.994 | Quarterly Revenue Growth 0.516 | Return On Assets (0.10) | Return On Equity (0.95) |
The market value of Alignment Healthcare LLC is measured differently than its book value, which is the value of Alignment that is recorded on the company's balance sheet. Investors also form their own opinion of Alignment Healthcare's value that differs from its market value or its book value, called intrinsic value, which is Alignment Healthcare'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 Alignment Healthcare's market value can be influenced by many factors that don't directly affect Alignment Healthcare'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 Alignment Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alignment Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alignment Healthcare'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.
Alignment Healthcare 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alignment Healthcare's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alignment Healthcare.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Alignment Healthcare on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Alignment Healthcare LLC or generate 0.0% return on investment in Alignment Healthcare over 180 days. Alignment Healthcare is related to or competes with Molina Healthcare, Clover Health, Centene Corp, Elevance Health, Humana, Cigna Corp, and Oscar Health. Alignment Healthcare, Inc., a tech-enabled Medicare advantage company, operates consumer-centric health care platform More
Alignment Healthcare Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alignment Healthcare's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alignment Healthcare LLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.34 | |||
| Information Ratio | 0.1048 | |||
| Maximum Drawdown | 34.84 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 8.66 |
Alignment Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alignment Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alignment Healthcare's standard deviation. In reality, there are many statistical measures that can use Alignment Healthcare historical prices to predict the future Alignment Healthcare's volatility.| Risk Adjusted Performance | 0.1097 | |||
| Jensen Alpha | 0.4825 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.1203 | |||
| Treynor Ratio | 0.4963 |
Alignment Healthcare LLC Backtested Returns
Alignment Healthcare appears to be slightly risky, given 3 months investment horizon. Alignment Healthcare LLC secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. By analyzing Alignment Healthcare's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please makes use of Alignment Healthcare's Downside Deviation of 4.34, risk adjusted performance of 0.1097, and Mean Deviation of 3.41 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Alignment Healthcare holds a performance score of 8. The firm shows a Beta (market volatility) of 1.31, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alignment Healthcare will likely underperform. Please check Alignment Healthcare's standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to make a quick decision on whether Alignment Healthcare's price patterns will revert.
Auto-correlation | 0.16 |
Very weak predictability
Alignment Healthcare LLC has very weak predictability. Overlapping area represents the amount of predictability between Alignment Healthcare time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alignment Healthcare LLC price movement. The serial correlation of 0.16 indicates that over 16.0% of current Alignment Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 1.18 |
Alignment Healthcare LLC lagged returns against current returns
Autocorrelation, which is Alignment Healthcare stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alignment Healthcare's stock expected returns. We can calculate the autocorrelation of Alignment Healthcare returns to help us make a trade decision. For example, suppose you find that Alignment Healthcare has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alignment Healthcare regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alignment Healthcare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alignment Healthcare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alignment Healthcare stock over time.
Current vs Lagged Prices |
| Timeline |
Alignment Healthcare Lagged Returns
When evaluating Alignment Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alignment Healthcare stock have on its future price. Alignment Healthcare autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alignment Healthcare autocorrelation shows the relationship between Alignment Healthcare stock current value and its past values and can show if there is a momentum factor associated with investing in Alignment Healthcare LLC.
Regressed Prices |
| Timeline |
Also Currently Popular
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.When determining whether Alignment Healthcare LLC offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alignment Healthcare'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 Alignment Healthcare Llc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alignment Healthcare Llc Stock:Check out Alignment Healthcare Correlation, Alignment Healthcare Volatility and Alignment Healthcare Alpha and Beta module to complement your research on Alignment Healthcare. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Alignment Healthcare 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.