Alignment Stock Performance

ALHC
 Stock
  

USD 11.78  0.57  4.62%   

On a scale of 0 to 100, Alignment Healthcare holds a performance score of 3. The firm shows a Beta (market volatility) of 0.7707, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Alignment's beta means in this case. As returns on the market increase, Alignment Healthcare returns are expected to increase less than the market. However, during the bear market, the loss on holding Alignment Healthcare will be expected to be smaller as well. Although it is important to respect Alignment Healthcare historical returns, it is better to be realistic regarding the information on the equity's 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. By analyzing Alignment Healthcare technical indicators, you can presently evaluate if the expected return of 0.2% will be sustainable into the future. Please makes use of Alignment Healthcare standard deviation, value at risk, kurtosis, as well as the relationship between the jensen alpha and semi variance to make a quick decision on whether Alignment Healthcare price patterns will revert.
  
Alignment Performance
3 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Alignment Healthcare are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite somewhat conflicting technical indicators, Alignment Healthcare may actually be approaching a critical reversion point that can send shares even higher in October 2022. ...more

Alignment Price Channel

Quick Ratio2.74
Fifty Two Week Low6.14
Target High Price20.00
Fifty Two Week High23.35
Target Low Price11.00

Alignment Healthcare Relative Risk vs. Return Landscape

If you would invest  1,161  in Alignment Healthcare on July 1, 2022 and sell it today you would earn a total of  74.00  from holding Alignment Healthcare or generate 6.37% return on investment over 90 days. Alignment Healthcare is currently generating 0.1965% in daily expected returns and assumes 4.3508% risk (volatility on return distribution) over the 90 days horizon. In different words, 37% of stocks are less volatile than Alignment, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Alignment Healthcare is expected to generate 3.85 times more return on investment than the market. However, the company is 3.85 times more volatile than its market benchmark. It trades about 0.05 of its potential returns per unit of risk. The DOW is currently generating roughly -0.06 per unit of risk.

Alignment Healthcare Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Alignment Healthcare's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Alignment Healthcare, and traders can use it to determine the average amount a Alignment Healthcare's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0452

Best
Portfolio
Best
Equity
Good Returns
Average Returns
Small ReturnsALHC
CashSmall
Risk
Average
Risk
High
Risk
Huge
Risk
Negative Returns
Estimated Market Risk
 4.35
  actual daily
 
 37 %
of total potential
 
3737
Expected Return
 0.2
  actual daily
 
 3 %
of total potential
 
33
Risk-Adjusted Return
 0.05
  actual daily
 
 3 %
of total potential
 
33
Based on monthly moving average Alignment Healthcare is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alignment Healthcare by adding it to a well-diversified portfolio.

About Alignment Healthcare Performance

To evaluate Alignment Healthcare Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Alignment Healthcare generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Alignment Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Alignment Healthcare market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Alignment's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Alignment Healthcare, Inc., a tech-enabled Medicare advantage company, operates consumer-centric health care platform. The company was founded in 2013 and is based in Orange, California. Alignment Healthcare operates under Healthcare Plans classification in the United States and is traded on NASDAQ Exchange. It employs 847 people.

Things to note about Alignment Healthcare

Checking the ongoing alerts about Alignment Healthcare for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Alignment Healthcare help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Alignment Healthcare Alerts

Equity Alerts and Improvement Suggestions

Alignment Healthcare has very high historical volatility over the last 90 days
The company reported the previous year's revenue of 1.25 B. Net Loss for the year was (179.23 M) with profit before overhead, payroll, taxes, and interest of 128.73 M.
Alignment Healthcare currently holds about 448.84 M in cash with (52.31 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.4.
Over 86.0% of the company shares are held by institutions such as insurance companies
Latest headline from simplywall.st: Tabula Rasa HealthCare, Inc.s latest 15 percent decline adds to one-year losses, institutional investors may consider drastic measures - Simply Wall St
Please continue to Trending Equities. 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

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.
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Equity Valuation
Check real value of public entities based on technical and fundamental data
Go
Portfolio Center
All portfolio management and optimization tools to improve performance of your portfolios
Go
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Go
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Go
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
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.
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.