Legend Biotechcorp Stock Probability of Future Stock Price Finishing Over 59.99
| LEGN Stock | USD 59.99 0.83 1.36% |
Closest to current price Legend long CALL Option Payoff at Expiration
Legend |
Legend BiotechCorp Target Price Odds to finish over 59.99
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 Price | Horizon | Target Price | Odds to move above the current price in 90 days |
| 59.99 | 90 days | 59.99 | about 97.0 |
Based on a normal probability distribution, the odds of Legend BiotechCorp to move above the current price in 90 days from now is about 97.0 (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 0.72. 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 a negative alpha, implying that the risk taken by holding this instrument is not justified. Legend BiotechCorp is significantly underperforming NYSE Composite. Legend BiotechCorp Price Density |
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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.
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 | -0.21 | |
β | Beta against NYSE Composite | 0.72 | |
σ | Overall volatility | 2.71 | |
Ir | Information ratio | -0.09 |
Legend BiotechCorp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Legend BiotechCorp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Legend BiotechCorp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Legend BiotechCorp generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 117 M. Net Loss for the year was (445.72 M) with loss before overhead, payroll, taxes, and interest of (284.01 M). | |
| Legend BiotechCorp currently holds about 791.26 M in cash with (200.03 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.11. | |
| Latest headline from news.google.com: Daily Brief Health Care Medtronic Plc, Innovent Biologics Inc, Immix ... - Smartkarma |
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 Outstanding | 159 M | |
| Cash And Short Term Investments | 1 B |
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.
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Legend BiotechCorp Predictive Forecast Models
Legend BiotechCorp's time-series forecasting models is one of many Legend BiotechCorp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are 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. This 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.
Things to note about Legend BiotechCorp
Checking the ongoing alerts about Legend BiotechCorp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Legend BiotechCorp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Legend BiotechCorp generated a negative expected return over the last 90 days | |
| The company reported the previous year's revenue of 117 M. Net Loss for the year was (445.72 M) with loss before overhead, payroll, taxes, and interest of (284.01 M). | |
| Legend BiotechCorp currently holds about 791.26 M in cash with (200.03 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.11. | |
| Latest headline from news.google.com: Daily Brief Health Care Medtronic Plc, Innovent Biologics Inc, Immix ... - Smartkarma |
Check out 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. 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Legend Stock analysis
When running Legend BiotechCorp's 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 the 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.
Earnings Share (2.96) | Revenue Per Share 1.358 | Quarterly Revenue Growth 2.509 | Return On Assets (0.18) | Return On Equity (0.49) |
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.