Legend Stock Probability of Future Stock Price Finishing Over 51.65

LEGN Stock  USD 51.65  0.15  0.29%   
Legend BiotechCorp's future price is the expected price of Legend BiotechCorp instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Legend BiotechCorp performance during a given time horizon utilizing its historical volatility.
  
Legend BiotechCorp's implied volatility is one of the determining factors in the pricing options written on Legend BiotechCorp. Implied volatility approximates the future value of Legend BiotechCorp based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Legend BiotechCorp over a specific time period. For example, 2023-02-17 CALL at $50.0 is a CALL option contract on Legend BiotechCorp's common stock with a strick price of 50.0 expiring on 2023-02-17. The contract was last traded on 2023-02-02 at 10:45:42 for $2.6 and, as of today, has 14 days remaining before the expiration. The option is currently trading at a bid price of $2.45, and an ask price of $3.9. The implied volatility as of the 2nd of February is 38.5017. View All Legend options

Closest to current price Legend long CALL Option Payoff at Expiration

Additionally, see Legend BiotechCorp Backtesting, Legend BiotechCorp Valuation, Legend BiotechCorp Correlation, Legend BiotechCorp Hype Analysis, Legend BiotechCorp Volatility, Legend BiotechCorp History as well as Legend BiotechCorp Performance. Please specify Legend BiotechCorp time horizon, a valid symbol (red box) and a target price (blue box) you would like Legend BiotechCorp odds to be computed.

Legend BiotechCorp Target Price Odds to finish over 51.65

The tendency of Legend Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 51.65 90 days 51.65 
about 42.89
Based on a normal probability distribution, the odds of Legend BiotechCorp to move above the current price in 90 days from now is about 42.89 (This Legend BiotechCorp probability density function shows the probability of Legend Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days Legend BiotechCorp has a beta of 0.64. This indicates as returns on the market go up, Legend BiotechCorp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Legend BiotechCorp will be expected to be much smaller as well. Additionally The company has an alpha of 0.0081, implying that it can generate a 0.008146 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Legend BiotechCorp Price Density   
       Price  

Predictive Modules for Legend BiotechCorp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Legend BiotechCorp. Regardless of method or technology, however, to accurately forecast the stock or bond market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
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.
Hype
Prediction
LowEstimated ValueHigh
48.8351.6554.47
Details
Intrinsic
Valuation
LowReal ValueHigh
46.4956.3159.13
Details
Naive
Forecast
LowNext ValueHigh
45.2248.0450.86
Details
5 Analysts
Consensus
LowTarget PriceHigh
51.0060.8071.00
Details
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 towards taking a position in Legend BiotechCorp.

Legend BiotechCorp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Legend BiotechCorp is not an exception. The market had few large corrections towards the Legend BiotechCorp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Legend BiotechCorp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Legend BiotechCorp within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.008146
β
Beta against NYSE Composite0.64
σ
Overall volatility
2.12
Ir
Information ratio -0.01

Legend BiotechCorp Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Legend Stock often depends not only on the future outlook of the current and potential Legend BiotechCorp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Legend BiotechCorp's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding140.9 M
Cash And Short Term Investments882.4 M

Legend BiotechCorp Technical Analysis

Legend BiotechCorp's future price can be derived by breaking down and analyzing its technical indicators over time. Legend Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Legend BiotechCorp. In general, you should focus on analyzing Legend Stock price patterns and their correlations with different microeconomic environments and drivers.

Legend BiotechCorp Predictive Forecast Models

Legend BiotechCorp time-series forecasting models is one of many Legend BiotechCorp's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Legend BiotechCorp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Legend BiotechCorp Investors Sentiment

The influence of Legend BiotechCorp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Legend. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Legend BiotechCorp's public news can be used to forecast risks associated with investment in Legend. The trend in average sentiment can be used to explain how an investor holding Legend can time the market purely based on public headlines and social activities around Legend BiotechCorp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Legend BiotechCorp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Legend BiotechCorp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Legend BiotechCorp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Legend BiotechCorp.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Legend BiotechCorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Legend BiotechCorp's short interest history, or implied volatility extrapolated from Legend BiotechCorp options trading.
Additionally, see Legend BiotechCorp Backtesting, Legend BiotechCorp Valuation, Legend BiotechCorp Correlation, Legend BiotechCorp Hype Analysis, Legend BiotechCorp Volatility, Legend BiotechCorp History as well as Legend BiotechCorp Performance. 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Legend Stock analysis

When running Legend BiotechCorp price analysis, check to measure Legend BiotechCorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Legend BiotechCorp is operating at the current time. Most of Legend BiotechCorp's value examination focuses on studying past and present price action to predict the probability of Legend BiotechCorp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Legend BiotechCorp's price. Additionally, you may evaluate how the addition of Legend BiotechCorp to your portfolios can decrease your overall portfolio volatility.
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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.
Market Capitalization
8.7 B
Quarterly Revenue Growth
1.89
Return On Assets
(0.28) 
Return On Equity
(1.07) 
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 Legend BiotechCorp value 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.