LIGAND PHARM Probability of Target Price Finishing Over Current Price

    LGNYZ -- USA Stock  

    USD 0.01  0.001  11.11%

    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
     0.01 30 days 0.01  ABOUT 12.93%
    Based on normal probability distribution, the odds of LIGAND PHARM to move above current price in 30 days from now is about 12.93% (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 has beta of 0.3361 indicating as returns on market go up, LIGAND PHARM average returns are expected to increase less than the benchmark. However during bear market, the loss on holding LIGAND PHARM INC will be expected to be much smaller as well. Additionally LIGAND PHARM INC has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
     LIGAND PHARM Price Density 
     
          
    Current Price   Target Price   
    α
    Alpha over DOW
    =0.29
    β
    Beta against DOW=0.34
    σ
    Overall volatility
    =0.004547
    Ir
    Information ratio =0.3

    LIGAND PHARM Alerts

    LIGAND PHARM Alerts and Suggestions

    LIGAND PHARM INC generates negative expected return over the last 30 days
    LIGAND PHARM INC has some characteristics of a very speculative penny stock
    LIGAND PHARM INC has high historical volatility and very poor performance
    Please see also Stocks Correlation. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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