LIGAND PHARM Risk Analysis And Volatility Evaluation

LGNXZ -- USA Stock  

USD 0.07  0.015  30.00%

Macroaxis considers LIGAND PHARM to be unknown risk. LIGAND PHARM INC has Sharpe Ratio of -0.5774 which conveys that LIGAND PHARM INC had -0.5774% of return per unit of risk over the last 1 month. Macroaxis philosophy towards estimating risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. LIGAND PHARM exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify LIGAND PHARM INC to check out risk estimate we provide.
Horizon     30 Days    Login   to change

LIGAND PHARM INC Technical Analysis

Transformation
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LIGAND PHARM Projected Return Density Against Market

Assuming 30 trading days horizon, LIGAND PHARM has beta of 0.0 indicating unless we do not have required data, the returns on DOW and LIGAND PHARM are completely uncorrelated. Furthermore, LIGAND PHARM INCIt does not look like LIGAND PHARM alpha can have any bearing on the equity current valuation.
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of LIGAND PHARM is -173.21. The daily returns are destributed with a variance of 177.51 and standard deviation of 13.32. The mean deviation of LIGAND PHARM INC is currently at 10.26. For similar time horizon, the selected benchmark (DOW) has volatility of 0.38
α
Alpha over DOW
=0.00
β
Beta against DOW=0.00
σ
Overall volatility
=13.32
Ir
Information ratio =0.00

LIGAND PHARM Return Volatility

LIGAND PHARM INC shows 13.3235% volatility of returns over 30 trading days. DOW inherits 0.389% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

LIGAND PHARM Investment Opportunity

LIGAND PHARM INC has a volatility of 13.32 and is 34.15 times more volatile than DOW. 96% of all equities and portfolios are less risky than LIGAND PHARM. Compared to the overall equity markets, volatility of historical daily returns of LIGAND PHARM INC is higher than 96 (%) of all global equities and portfolios over the last 30 days.

LIGAND PHARM Volatility Indicators

LIGAND PHARM INC Current Risk Indicators

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