LIGAND PHARM Probability of Target Price Finishing Over Current Price

    LGNYZ -- USA Stock  

    USD 0.0081  0.0006  8.00%

    LIGAND PHARM probability of target price tool provides mechanism to make assumptions about upside and downside potential of LIGAND PHARM INC performance during a given time horizon utilizing its historical volatility. Please specify LIGAND PHARM time horizon, a valid symbol (red box) and a target price (blue box) you would like LIGAND PHARM odds to be computed. Please see also Stocks Correlation.
    Horizon     30 Days    Login   to change
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    LIGAND PHARM Target Price Odds to finish over

    Current PriceHorizonTarget PriceOdds to move above current price in 30 days
     0.0081 30 days 0.0081  ABOUT 27.91%
    Based on normal probability distribution, the odds of LIGAND PHARM to move above current price in 30 days from now is about 27.91% (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 -0.2994 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. Additionally LIGAND PHARM INC has an alpha of 0.5165 implying that it can potentially generate 0.5165% excess return over DOW after adjusting for the inherited market risk (beta).
     LIGAND PHARM Price Density 
          Price 
    α
    Alpha over DOW
    =0.52
    β
    Beta against DOW=0.3
    σ
    Overall volatility
    =0.004906
    Ir
    Information ratio =0.15

    LIGAND PHARM Alerts

    LIGAND PHARM Alerts and Suggestions

    LIGAND PHARM INC is not yet fully synchronised with the market data
    LIGAND PHARM INC appears to be very risky and stock price may revert if volatility continues
    LIGAND PHARM INC has some characteristics of a very speculative penny stock
    Please see also Stocks Correlation. Please also try Portfolio Reporting module to create custom reports across your portfolios and generate quick suggestion pitch.
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