ALGN vs. QQ.L
ALGN (Align Technology, Inc.) and QQ.L (QinetiQ Group plc) are both stocks. ALGN operates in Medical Devices (Healthcare), while QQ.L operates in Aerospace & Defense (Industrials). Over the past 10 years, ALGN returned 8.12%/yr vs 8.69%/yr for QQ.L. At a 0.18 correlation, their price movements are largely independent.
Performance
ALGN vs. QQ.L - Performance Comparison
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Different Trading Currencies
ALGN is traded in USD, while QQ.L is traded in GBp. To make them comparable, the QQ.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ALGN achieves a 10.18% return, which is significantly higher than QQ.L's 7.41% return. Over the past 10 years, ALGN has underperformed QQ.L with an annualized return of 8.12%, while QQ.L has yielded a comparatively higher 8.69% annualized return.
ALGN
- 1D
- 2.57%
- 1M
- 1.94%
- YTD
- 10.18%
- 6M
- 9.11%
- 1Y
- -4.74%
- 3Y*
- -17.32%
- 5Y*
- -21.72%
- 10Y*
- 8.12%
QQ.L
- 1D
- 1.12%
- 1M
- 10.48%
- YTD
- 7.41%
- 6M
- 13.69%
- 1Y
- -13.24%
- 3Y*
- 13.35%
- 5Y*
- 7.28%
- 10Y*
- 8.69%
ALGN vs. QQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALGN Align Technology, Inc. | 10.18% | -25.11% | -23.90% | 29.92% | -67.91% | 22.98% | 91.51% | 33.24% | -5.74% | 131.13% |
QQ.L QinetiQ Group plc | 7.41% | 16.51% | 34.93% | -6.83% | 22.49% | -15.85% | -5.88% | 32.93% | 19.94% | -1.29% |
Correlation
The correlation between ALGN and QQ.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2007 | 0.18 |
Fundamentals
ALGN:
$12.32B
QQ.L:
£2.48B
ALGN:
$5.96
QQ.L:
-£0.14
ALGN:
3.03
QQ.L:
0.67
ALGN:
2.97
QQ.L:
4.49
ALGN:
$4.10B
QQ.L:
£3.85B
ALGN:
$2.77B
QQ.L:
£372.10M
ALGN:
$776.15M
QQ.L:
£533.20M
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Return for Risk
ALGN vs. QQ.L — Risk / Return Rank
ALGN
QQ.L
ALGN vs. QQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Align Technology, Inc. (ALGN) and QinetiQ Group plc (QQ.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ALGN | QQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.96 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | -0.49 | +0.37 |
| Martin ratioReturn relative to average drawdown | -0.20 | -0.95 | +0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALGN | QQ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | -0.40 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 0.22 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.28 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.16 | 0.00 |
Drawdowns
ALGN vs. QQ.L - Drawdown Comparison
The maximum ALGN drawdown since its inception was -92.30%, which is greater than QQ.L's maximum drawdown of -61.16%. Use the drawdown chart below to compare losses from any high point for ALGN and QQ.L.
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Drawdown Indicators
| ALGN | QQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.30% | -61.16% | -31.14% |
Max Drawdown (1Y)Largest decline over 1 year | -39.73% | -27.17% | -12.56% |
Max Drawdown (3Y)Largest decline over 3 years | -67.59% | -32.62% | -34.97% |
Max Drawdown (5Y)Largest decline over 5 years | -82.89% | -33.81% | -49.08% |
Max Drawdown (10Y)Largest decline over 10 years | -82.89% | -43.00% | -39.89% |
Current DrawdownCurrent decline from peak | -76.43% | -16.77% | -59.66% |
Average DrawdownAverage peak-to-trough decline | -37.65% | -20.64% | -17.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.90% | 13.11% | +10.79% |
Volatility
ALGN vs. QQ.L - Volatility Comparison
Align Technology, Inc. (ALGN) and QinetiQ Group plc (QQ.L) have volatilities of 11.85% and 12.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALGN | QQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.85% | 12.12% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 28.46% | 23.27% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.81% | 32.69% | +20.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.56% | 32.44% | +17.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.06% | 31.02% | +18.04% |
Dividends
ALGN vs. QQ.L - Dividend Comparison
ALGN has not paid dividends to shareholders, while QQ.L's dividend yield for the trailing twelve months is around 1.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALGN Align Technology, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQ.L QinetiQ Group plc | 1.90% | 2.00% | 1.99% | 2.49% | 2.04% | 2.59% | 2.06% | 1.84% | 2.20% | 2.60% | 2.17% | 1.99% |
Financials
ALGN vs. QQ.L - Financials Comparison
This section allows you to compare key financial metrics between Align Technology, Inc. and QinetiQ Group plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ALGN vs. QQ.L - Profitability Comparison
ALGN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Align Technology, Inc. reported a gross profit of 736.59M and revenue of 1.04B. Therefore, the gross margin over that period was 70.8%.
QQ.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, QinetiQ Group plc reported a gross profit of 110.20M and revenue of 1.02B. Therefore, the gross margin over that period was 10.8%.
ALGN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Align Technology, Inc. reported an operating income of 141.96M and revenue of 1.04B, resulting in an operating margin of 13.7%.
QQ.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, QinetiQ Group plc reported an operating income of 110.20M and revenue of 1.02B, resulting in an operating margin of 10.8%.
ALGN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Align Technology, Inc. reported a net income of 112.77M and revenue of 1.04B, resulting in a net margin of 10.8%.
QQ.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, QinetiQ Group plc reported a net income of 69.20M and revenue of 1.02B, resulting in a net margin of 6.8%.
Frequently Asked Questions
ALGN and QQ.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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