Legend BiotechCorp Stock Forecast - Period Momentum Indicator
| LEGN Stock | USD 48.83 1.29 2.57% |
Legend Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Legend BiotechCorp stock prices and determine the direction of Legend BiotechCorp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Legend BiotechCorp's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Legend BiotechCorp's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Legend BiotechCorp's systematic risk associated with finding meaningful patterns of Legend BiotechCorp fundamentals over time.
Check out Historical Fundamental Analysis of Legend BiotechCorp to cross-verify your projections. Legend |
Open Interest Against 2024-04-19 Legend Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Legend BiotechCorp's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Legend BiotechCorp's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Legend BiotechCorp stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Legend BiotechCorp's open interest, investors have to compare it to Legend BiotechCorp's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Legend BiotechCorp is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Legend. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Legend BiotechCorp cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Legend BiotechCorp's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Legend BiotechCorp's price structures and extracts relationships that further increase the generated results' accuracy.
Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| (0.86) | (1.09) |
| Check Legend BiotechCorp Volatility | Backtest Legend BiotechCorp | Trend Details |
Legend BiotechCorp Trading Date Momentum
| On January 03 2023 Legend BiotechCorp was traded for 48.70 at the closing time. The top price for the day was 51.11 and the lowest listed price was 47.94 . The trading volume for the day was 456 K. The trading history from January 3, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.44% . The trading delta at closing time against the current closing price is 1.06% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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Other Forecasting Options for Legend BiotechCorp
For every potential investor in Legend, whether a beginner or expert, Legend BiotechCorp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Legend Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Legend. Basic forecasting techniques help filter out the noise by identifying Legend BiotechCorp's price trends.Legend BiotechCorp Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Legend BiotechCorp stock to make a market-neutral strategy. Peer analysis of Legend BiotechCorp could also be used in its relative valuation, which is a method of valuing Legend BiotechCorp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Legend BiotechCorp Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Legend BiotechCorp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Legend BiotechCorp's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Legend BiotechCorp Market Strength Events
Market strength indicators help investors to evaluate how Legend BiotechCorp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Legend BiotechCorp shares will generate the highest return on investment. By undertsting and applying Legend BiotechCorp stock market strength indicators, traders can identify Legend BiotechCorp entry and exit signals to maximize returns.
Legend BiotechCorp Risk Indicators
The analysis of Legend BiotechCorp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Legend BiotechCorp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting legend stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.0 | |||
| Standard Deviation | 2.65 | |||
| Variance | 7.0 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Legend BiotechCorp to cross-verify your projections. 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
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 (2.94) | Revenue Per Share 1.619 | Quarterly Revenue Growth 1.876 | Return On Assets (0.17) | Return On Equity (0.52) |
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.