GMED vs. ALGN
Compare and contrast key facts about Globus Medical, Inc. (GMED) and Align Technology, Inc. (ALGN).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GMED or ALGN.
Correlation
The correlation between GMED and ALGN is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GMED vs. ALGN - Performance Comparison
Key characteristics
GMED:
1.29
ALGN:
-1.31
GMED:
2.33
ALGN:
-2.08
GMED:
1.30
ALGN:
0.77
GMED:
1.03
ALGN:
-0.62
GMED:
5.67
ALGN:
-1.55
GMED:
7.43%
ALGN:
31.36%
GMED:
32.75%
ALGN:
37.24%
GMED:
-47.91%
ALGN:
-92.80%
GMED:
-19.10%
ALGN:
-77.53%
Fundamentals
GMED:
$10.38B
ALGN:
$12.07B
GMED:
$0.75
ALGN:
$5.63
GMED:
100.67
ALGN:
29.13
GMED:
2.00
ALGN:
1.06
GMED:
$1.91B
ALGN:
$3.00B
GMED:
$1.06B
ALGN:
$2.11B
GMED:
$374.73M
ALGN:
$633.28M
Returns By Period
In the year-to-date period, GMED achieves a -8.72% return, which is significantly higher than ALGN's -21.36% return. Both investments have delivered pretty close results over the past 10 years, with GMED having a 11.54% annualized return and ALGN not far ahead at 12.04%.
GMED
-8.72%
-4.73%
7.89%
45.70%
13.71%
11.54%
ALGN
-21.36%
-6.35%
-31.12%
-47.45%
1.24%
12.04%
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Risk-Adjusted Performance
GMED vs. ALGN — Risk-Adjusted Performance Rank
GMED
ALGN
GMED vs. ALGN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Globus Medical, Inc. (GMED) and Align Technology, Inc. (ALGN). 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.
Dividends
GMED vs. ALGN - Dividend Comparison
Neither GMED nor ALGN has paid dividends to shareholders.
Drawdowns
GMED vs. ALGN - Drawdown Comparison
The maximum GMED drawdown since its inception was -47.91%, smaller than the maximum ALGN drawdown of -92.80%. Use the drawdown chart below to compare losses from any high point for GMED and ALGN. For additional features, visit the drawdowns tool.
Volatility
GMED vs. ALGN - Volatility Comparison
The current volatility for Globus Medical, Inc. (GMED) is 9.55%, while Align Technology, Inc. (ALGN) has a volatility of 10.91%. This indicates that GMED experiences smaller price fluctuations and is considered to be less risky than ALGN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
GMED vs. ALGN - Financials Comparison
This section allows you to compare key financial metrics between Globus Medical, Inc. and Align Technology, Inc.. 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