LIGAND PHARM Risk Analysis And Volatility Evaluation

LGNYZ -- USA Stock  

USD 0.0118  0.00275  30.56%

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-six technical indicators for LIGAND PHARM which you can use to evaluate future volatility of the firm. Please verify LIGAND PHARM INC Mean Deviation of 1.55 and Risk Adjusted Performance of 0.0633 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 at a much smaller rate. During bear market, LIGAND PHARM is likely to outperform the market.
One Month Beta |Analyze LIGAND PHARM INC Demand Trend
Check current 30 days LIGAND PHARM correlation with market (DOW)
β = -0.2337
LIGAND PHARM Almost negative betaLIGAND PHARM INC Beta Legend

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 -0.2337 indicating as returns on benchmark increase, returns on holding LIGAND PHARM are expected to decrease at a much smaller rate. During bear market, however, LIGAND PHARM INC is likely to outperform the market. Moreover, LIGAND PHARM INC has an alpha of 0.5612 implying that it can potentially generate 0.5612% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.56
β
Beta against DOW=0.23
σ
Overall volatility
=0.00
Ir
Information ratio =0.11

LIGAND PHARM Return Volatility

LIGAND PHARM INC shows 0.0% volatility of returns over 30 trading days. DOW inherits 0.3947% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Money Flow Index

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Investment Outlook

LIGAND PHARM Investment Opportunity

DOW has a standard deviation of returns of 0.39 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 enhance returns of your portfolios. The stock experiences very speculative upward sentiment.. Check odds of LIGAND PHARM to be traded at $0.0147 in 30 days. As returns on market increase, returns on owning LIGAND PHARM are expected to decrease at a much smaller rate. During bear market, LIGAND PHARM is likely to outperform the market.

LIGAND PHARM correlation with market

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

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