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In this video tutorial, the presenter explains how to convert a column of strings containing negative values (denoted by parentheses) into a numeric column in Alteryx. The challenge arises because Alteryx does not recognize these parentheses as indicators of negativity; instead, it removes them when trying to convert the values to double. To resolve this, the presenter suggests using a Formula Tool to manipulate the data. The process involves replacing the left and right parentheses in the values column with a function called "replace string," enabling proper conversion of the negative values for further analysis.