LIGAND PHARM Risk Analysis And Volatility

LGNYZ -- USA Stock  

USD 0.0075  0.00  0.00%

Our philosophy towards estimating volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for LIGAND PHARM which you can use to evaluate future volatility of the firm. Please verify LIGAND PHARM INC Risk Adjusted Performance of 0.205 and Mean Deviation of 13.4 to check out if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

LIGAND PHARM Market Sensitivity

As returns on market increase, returns on owning LIGAND PHARM are expected to decrease by larger amounts. On the other hand, during market turmoil, LIGAND PHARM is expected to significantly outperform it.
2 Months Beta |Analyze LIGAND PHARM INC Demand Trend
Check current 30 days LIGAND PHARM correlation with market (DOW)
β = -2.8986

LIGAND PHARM Central Daily Price Deviation

LIGAND PHARM INC Technical Analysis

Transformation
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LIGAND PHARM Projected Return Density Against Market

Assuming 30 trading days horizon, LIGAND PHARM INC has beta of -2.8986 indicating as returns on its benchmark rise, returns on holding LIGAND PHARM INC are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, LIGAND PHARM is expected to outperform its benchmark. In addition to that, The company has an alpha of 3.8172 implying that it can potentially generate 3.8172% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of LIGAND PHARM is 0.0. The daily returns are destributed with a variance of 0.0 and standard deviation of 0.0. The mean deviation of LIGAND PHARM INC is currently at 0.0. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
α
Alpha over DOW
=3.82
β
Beta against DOW=2.9
σ
Overall volatility
=0.00
Ir
Information ratio =0.11

LIGAND PHARM Return Volatility

the company shows 0.0% volatility of returns over 30 trading days. the entity inherits 1.8736% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

LIGAND PHARM Investment Opportunity

DOW has a standard deviation of returns of 1.87 and is 9.223372036854776E16 times more volatile than LIGAND PHARM INC. 0% 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 lower than 0 (%) of all global equities and portfolios over the last 30 days. Use LIGAND PHARM INC to protect your portfolios 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 $0.0074 in 30 days. . As returns on market increase, returns on owning LIGAND PHARM are expected to decrease by larger amounts. On the other hand, during market turmoil, LIGAND PHARM is expected to significantly outperform it.

LIGAND PHARM correlation with market

correlation synergy
Good diversification
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.

LIGAND PHARM Volatility Indicators

LIGAND PHARM INC Current Risk Indicators

Please see also Stocks Correlation. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
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