|Horizon||30 Days Login to change|
LIGAND PHARM Target Price Odds to finish over
|Current Price||Horizon||Target Price||Odds to move above current price in 30 days|
|0.0075||30 days||0.0075||ABOUT 45.82%|
Based on normal probability distribution, the odds of LIGAND PHARM to move above current price in 30 days from now is about 45.82% (This LIGAND PHARM INC probability density function shows the probability of LIGAND PHARM Stock to fall within a particular range of prices over 30 days) .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).
LIGAND PHARM Price Density
|Alpha over DOW||=||3.82|
|Beta against DOW||=||2.9|