LIGAND PHARM Probability of Target Price Finishing Over Current Price

LGNZZ -- USA Stock  

USD 0.07  0.0025  3.23%

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 LIGAND PHARM Backtesting, LIGAND PHARM Valuation, LIGAND PHARM Correlation, LIGAND PHARM Hype Analysis, LIGAND PHARM Volatility, LIGAND PHARM History as well as LIGAND PHARM Performance.
Horizon     30 Days    Login   to change
Symbol:
Refresh Odds

LIGAND PHARM Target Price Odds to finish over

Current PriceHorizonTarget PriceOdds to move above current price in 30 days
 0.07 30 days 0.07  CLOSE TO 99%
Based on normal probability distribution, the odds of LIGAND PHARM to move above current price in 30 days from now is close to 99% (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 -0.5831 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 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 
      Price 
α
Alpha over DOW
=0.25
β
Beta against DOW=0.58
σ
Overall volatility
=0.0037
Ir
Information ratio =0.02

LIGAND PHARM Alerts

LIGAND PHARM Alerts and Suggestions

LIGAND PHARM INC has very high historical volatility over the last 30 days
LIGAND PHARM INC has some characteristics of a very speculative penny stock
Latest headline from pressoracle.com: Ligand Pharmaceuticals Inc. Shares Sold by AMI Asset Management Corp

Price Density Drivers

LIGAND PHARM Health Indicators

Average Daily Volume Last 10 Day2.43k
Average Daily Volume In Three Month16.8k
Please see also LIGAND PHARM Backtesting, LIGAND PHARM Valuation, LIGAND PHARM Correlation, LIGAND PHARM Hype Analysis, LIGAND PHARM Volatility, LIGAND PHARM History as well as LIGAND PHARM Performance. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Search macroaxis.com