ALGN vs F: Correlation
Align Technology (ALGN) and Ford Motor Company (F) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALGN and F?
Over the past 3 years, ALGN and F moved with a correlation of 0.48, which is moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.48). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 770.8 %².
By 3-year correlation, F places #18 of the 37 assets tracked against ALGN. Over the last 12 months F came out ahead by 10.7 percentage points (+11.9% against +22.6%). Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.66.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALGN vs F: side by side
| ALGN (Align Technology) | F (Ford Motor Company) | |
|---|---|---|
| 1-year return | +11.9% | +22.6% |
| 5-year return | -77.4% | +45.8% |
| Volatility (ann.) | 44.3% | 36.1% |
| Beta vs S&P 500 | 1.51 | 1.06 |
| Max drawdown (3Y) | -66.7% | -36.5% |
| Market cap | $11.3B | $55.6B |
| P/E (trailing) | 27.6 | – |
| Dividend yield | 0.00% | 4.32% |
| Sector / category | Health Care | Consumer Discretionary |
Year-by-year returns
| Year | ALGN | F |
|---|---|---|
| 2022 | -67.9% | -42.2% |
| 2023 | +29.9% | +15.8% |
| 2024 | -23.9% | -13.1% |
| 2025 | -25.1% | +42.3% |
| 2026 | +1.7% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALGN and F good diversifiers for each other?
Reasonably. At 0.48, ALGN and F keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALGN and F?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.34 over the last year and 0.43 over 5 years.
Is F a good diversifier for ALGN?
Reasonably. At 0.48, ALGN and F keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ALGN correlations · F correlations
