Legend Competitors

LEGN Stock  USD 65.34  1.96  3.09%   
Legend BiotechCorp competes with Guangdong Investment, United Microelectronics, Black Hills, Sun Life, and Micron Technology; as well as few others. The company conducts business under Biotechnology sector and is part of Health Care industry. Analyzing Legend BiotechCorp competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Legend BiotechCorp to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Legend BiotechCorp competition on your existing holdings. Check out Legend BiotechCorp Correlation with its peers.To learn how to invest in Legend Stock, please use our How to Invest in Legend BiotechCorp guide.
As of 5th of June 2023, Return on Average Assets is likely to drop to -0.39. In addition to that, Return on Average Equity is likely to drop to -0.64. As of 5th of June 2023, Asset Turnover is likely to grow to 0.10, while Total Assets are likely to drop about 1.2 B.
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Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Legend BiotechCorp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Legend BiotechCorp in the context of predictive analytics.
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Estimates (6)
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Legend BiotechCorp. Your research has to be compared to or analyzed against Legend BiotechCorp's peers to derive any actionable benefits. When done correctly, Legend BiotechCorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Legend BiotechCorp.

Legend BiotechCorp Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Legend BiotechCorp and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Legend and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Legend BiotechCorp does not affect the price movement of the other competitor.

Related Correlations

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Risk-Adjusted Indicators

Nowadays, there is a big difference between Legend Stock performing well and Legend BiotechCorp company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Legend BiotechCorp's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
At Risk
GGDVF 1.96 (0.20)  0.00 (0.26)  0.00 (0.05)  0.00  4.35 (7.07)  25.06 
UMC 1.35  0.03  0.02  0.02  1.56  0.0174 (1.56)  2.86 (2.41)  11.10 
BKH 0.97  0.05  0.05  0.07  1.05  0.0448 (1.09)  2.62 (1.80)  5.27 
SLF 0.87  0.07  0.06  0.06  1.17  0.06 (0.84)  2.20 (1.89)  4.77 
MU 2.13  0.33  0.16  0.34  1.84  0.12 (2.64)  6.11 (3.12)  12.91 
VSH 1.42  0.37  0.27  0.35  1.03  0.15 (1.80)  2.43 (1.63)  18.31 
IGI 0.55  0.00  0.02 (0.03)  0.71  0.0229 (0.56)  1.32 (1.06)  3.73 
MRAM 2.02  0.34  0.15  0.57  1.92  0.13 (2.27)  5.72 (4.52)  11.94 

Cross Equities Net Income Analysis

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UMC6.1 B6.1 B6.1 B12.6 B11.1 B13.3 B8.6 B9.7 B7.7 B8.2 B22.9 B51.2 B89.5 B96.5 B
BKH102.4 M102.4 M102.4 M117.4 M130.9 M(32.1 M)73 M177 M258.4 M199.3 M227.6 M236.7 M258.4 M228.1 M
SLF1.6 B1.6 B1.6 B942 M1.9 B2.3 B2.6 B2.2 B2.6 B2.7 B2.5 BB3.1 BB
MU(276 M)(276 M)(276 M)(276 M)(276 M)(276 M)8.7 B8.7 B8.7 B8.7 B8.7 B8.7 B5.1 B5.2 B
VSH122.7 M122.7 M122.7 M123 M117.6 M(108.5 M)48.8 M(20.3 M)345.8 M163.9 M122.9 M298 M428.8 M462.7 M
MRAM(10.2 M)(10.2 M)(10.2 M)(10.2 M)(10.2 M)(18.2 M)(16.7 M)(21.1 M)(17.8 M)(14.7 M)(8.5 M)4.3 M6.1 M6.6 M

Legend BiotechCorp and related stocks such as Guangdong Investment, United Microelectronics, Black Hills, Sun Life Financial, Micron Technology, Vishay Intertechnology, Western Asset Investment, and Everspin Technologies Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in Legend BiotechCorp financial statement analysis. It represents the amount of money remaining after all of Legend BiotechCorp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

Legend BiotechCorp Competitive Analysis

The better you understand Legend BiotechCorp competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Legend BiotechCorp's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Legend BiotechCorp's competition over several years is one of the best ways to analyze its investment potential.
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Legend BiotechCorp Competition Performance Charts

Five steps to successful analysis of Legend BiotechCorp Competition

Legend BiotechCorp's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Legend BiotechCorp in relation to its competition. Legend BiotechCorp's competition analysis typically involves several steps, including::
  • Identifying the key players in the market: This involves identifying the major competitors of Legend BiotechCorp in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Legend BiotechCorp's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Legend BiotechCorp, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Legend BiotechCorp position

In addition to having Legend BiotechCorp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Funds or Etfs investing in commodities such as oil, gold, corn, soy, and agricultural goods. The Commodities theme has 37 constituents at this time.
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Check out Legend BiotechCorp Correlation with its peers.To learn how to invest in Legend Stock, please use our How to Invest in Legend BiotechCorp guide. Note that the Legend BiotechCorp information on this page should be used as a complementary analysis to other Legend BiotechCorp'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 the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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Is Legend BiotechCorp'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 Legend BiotechCorp. If investors know Legend 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 Legend BiotechCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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The market value of Legend BiotechCorp is measured differently than its book value, which is the value of Legend that is recorded on the company's balance sheet. Investors also form their own opinion of Legend BiotechCorp's value that differs from its market value or its book value, called intrinsic value, which is Legend BiotechCorp'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 Legend BiotechCorp's market value can be influenced by many factors that don't directly affect Legend BiotechCorp'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 Legend BiotechCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legend BiotechCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legend BiotechCorp'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.