LIGAND PHARM INC has a volatility of 5.66 and is 4.35 times more volatile than DOW. 51%
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 51 (%)
of all global equities and portfolios over the last 30 days. Use LIGAND PHARM INC to protect against small markets fluctuations. The stock experiences normal downward trend, but the immediate impact on correlations cannot be determined at the moment . Check odds of LIGAND PHARM to be traded at $0.008 in 30 days
. LIGAND PHARM returns are very sensitive to returns on the market. As market goes up or down, LIGAND PHARM is expected to follow.
LIGAND PHARM correlation with market
Overlapping area represents the amount of risk that can be diversified away by holding LIGAND PHARM INC and equity matching DJI index in the same portfolio.