Alignment Stock Market Value

ALHC
 Stock
  

USD 14.81  0.32  2.12%   

Alignment Healthcare's market value is the price at which a share of Alignment Healthcare stock trades on a public exchange. It measures the collective expectations of Alignment Healthcare investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Alignment Healthcare and determine expected loss or profit from investing in Alignment Healthcare over a given investment horizon. Please continue to Alignment Healthcare Hype Analysis, Alignment Healthcare Correlation, Alignment Healthcare Valuation, Alignment Healthcare Volatility, as well as analyze Alignment Healthcare Alpha and Beta and Alignment Healthcare Performance.
Symbol


Is Alignment Healthcare'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 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.
Market Capitalization
2.8 B
Quarterly Revenue Growth YOY
0.19
Return On Assets
-0.12
Return On Equity
-0.46
The market value of Alignment Healthcare 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 Alignment Healthcare value 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.
0.00
08/27/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
08/17/2022
0.00
If you would invest  0.00  in Alignment Healthcare on August 27, 2020 and sell it all today you would earn a total of 0.00 from holding Alignment Healthcare or generate 0.0% return on investment in Alignment Healthcare over 720 days. Alignment Healthcare is related to or competes with CVS Corp, Atai Life, Ecolab, Costco Wholesale, Bed Bath, Pfizer, and Hp. Alignment Healthcare, Inc., a tech-enabled Medicare advantage company, operates consumer-centric health care platformMore

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 upside and downside potential and time the market with a certain degree of confidence.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Alignment Healthcare's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Alignment Healthcare in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
11.1214.9918.86
Details
Intrinsic
Valuation
LowReal ValueHigh
14.7918.6622.53
Details
8 Analysts
Consensus
LowTarget PriceHigh
18.0022.8628.00
Details
Earnings
Estimates (4)
LowProjected EPSHigh
-1.25-1.19-1.14
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Alignment Healthcare. Your research has to be compared to or analyzed against Alignment Healthcare's peers to derive any actionable benefits. When done correctly, Alignment Healthcare's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Alignment Healthcare.

Alignment Healthcare Backtested Returns

Alignment Healthcare appears to be not too volatile, given 3 months investment horizon. Alignment Healthcare secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had 0.2% of return per unit of risk over the last 3 months. Our standpoint towards foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By analyzing Alignment Healthcare technical indicators you can presently evaluate if the expected return of 0.78% is justified by implied risk. Please makes use of Alignment Healthcare's Risk Adjusted Performance of 0.3077, mean deviation of 3.18, and Downside Deviation of 3.46 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 15. The firm shows a Beta (market volatility) of 1.4867, which signifies a somewhat significant risk relative to the market. Let's try to break down what Alignment's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Alignment Healthcare will likely underperform. Although it is vital to follow Alignment Healthcare historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-eight technical indicators for Alignment Healthcare, which you can use to evaluate the performance of the firm. Please makes use of Alignment Healthcare information ratio, 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 price patterns will revert.

Auto-correlation

    
  0.74  

Good predictability

Alignment Healthcare has good predictability. Overlapping area represents the amount of predictability between Alignment Healthcare time series from 27th of August 2020 to 22nd of August 2021 and 22nd of August 2021 to 17th of August 2022. 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 price movement. The serial correlation of 0.74 indicates that around 74.0% of current Alignment Healthcare price fluctuation can be explain by its past prices.
Correlation Coefficient0.74
Spearman Rank Test0.44
Residual Average0.0
Price Variance12.68

Alignment Healthcare 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 stock 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 stock movement to match the lagging time series.
   Current and Lagged Values   
Share
       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   
Share
       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.
   Regressed Prices   
Share
       Timeline  

Alignment Healthcare Investors Sentiment

The influence of Alignment Healthcare's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Alignment. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Alignment Healthcare's public news can be used to forecast risks associated with investment in Alignment. The trend in average sentiment can be used to explain how an investor holding Alignment can time the market purely based on public headlines and social activities around Alignment Healthcare. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Alignment Healthcare's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Alignment Healthcare's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Alignment Healthcare's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Alignment Healthcare.

Alignment Healthcare Implied Volatility

    
  519.08  
Alignment Healthcare's implied volatility exposes the market's sentiment of Alignment Healthcare stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Alignment Healthcare's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Alignment Healthcare stock will not fluctuate a lot when Alignment Healthcare's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Alignment Healthcare in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Alignment Healthcare's short interest history, or implied volatility extrapolated from Alignment Healthcare options trading.

Pair Trading with Alignment Healthcare

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 Alignment Healthcare 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 Alignment Healthcare will appreciate offsetting losses from the drop in the long position's value.

Moving together with Alignment Healthcare

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Moving against Alignment Healthcare

0.77AGTCApplied Genetic Tech Fiscal Year End 22nd of September 2022 PairCorr
0.73ACURAcura Pharma Cmn Earnings Call  TodayPairCorr
0.55HPQHp Inc Fiscal Year End 22nd of November 2022 PairCorr
The ability to find closely correlated positions to Alignment Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alignment Healthcare 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 Alignment Healthcare - 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 Alignment Healthcare to buy it.
The correlation of Alignment Healthcare is a statistical measure of how it moves in relation to other equities. 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 Alignment Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alignment Healthcare 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 Alignment Healthcare 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 CorrelationCorrelation Matching
Please continue to Alignment Healthcare Hype Analysis, Alignment Healthcare Correlation, Alignment Healthcare Valuation, Alignment Healthcare Volatility, as well as analyze Alignment Healthcare Alpha and Beta and Alignment Healthcare Performance. Note that the Alignment Healthcare information on this page should be used as a complementary analysis to other Alignment Healthcare'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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Alignment Stock analysis

When running Alignment Healthcare price analysis, check to measure Alignment Healthcare'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 Alignment Healthcare is operating at the current time. Most of Alignment Healthcare's value examination focuses on studying past and present price action to predict the probability of Alignment Healthcare's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Alignment Healthcare's price. Additionally, you may evaluate how the addition of Alignment Healthcare to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of Alignment Healthcare technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Alignment Healthcare trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...