Ligand Pharmaceuticals Tr Stock Probability of Future Pink Sheet Price Finishing Under 0.075
| LGNZZ Stock | USD 0.10 0.02 16.67% |
Ligand |
Ligand Pharmaceuticals Target Price Odds to finish below 0.075
The tendency of Ligand Pink Sheet price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 0.07 or more in 90 days |
| 0.10 | 90 days | 0.07 | near 1 |
Based on a normal probability distribution, the odds of Ligand Pharmaceuticals to drop to $ 0.07 or more in 90 days from now is near 1 (This Ligand Pharmaceuticals Tr probability density function shows the probability of Ligand Pink Sheet to fall within a particular range of prices over 90 days) . Probability of Ligand Pharmaceuticals price to stay between $ 0.07 and its current price of $0.1 at the end of the 90-day period is nearly 4.32 .
Assuming the 90 days horizon Ligand Pharmaceuticals Tr has a beta of -1.62. This indicates as returns on its benchmark rise, returns on holding Ligand Pharmaceuticals Tr are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Ligand Pharmaceuticals is expected to outperform its benchmark. Additionally Ligand Pharmaceuticals Tr has an alpha of 0.6803, implying that it can generate a 0.68 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta). Ligand Pharmaceuticals Price Density |
| Price |
Predictive Modules for Ligand Pharmaceuticals
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ligand Pharmaceuticals. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ligand Pharmaceuticals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ligand Pharmaceuticals Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ligand Pharmaceuticals is not an exception. The market had few large corrections towards the Ligand Pharmaceuticals' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Ligand Pharmaceuticals Tr, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ligand Pharmaceuticals within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | 0.68 | |
β | Beta against NYSE Composite | -1.62 | |
σ | Overall volatility | 0.02 | |
Ir | Information ratio | 0.04 |
Ligand Pharmaceuticals Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Ligand Pharmaceuticals for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ligand Pharmaceuticals can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ligand Pharmaceuticals is not yet fully synchronised with the market data | |
| Ligand Pharmaceuticals generated a negative expected return over the last 90 days | |
| Ligand Pharmaceuticals has high historical volatility and very poor performance | |
| Ligand Pharmaceuticals has some characteristics of a very speculative penny stock | |
| Ligand Pharmaceuticals generates negative cash flow from operations |
Ligand Pharmaceuticals Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Ligand Pink Sheet often depends not only on the future outlook of the current and potential Ligand Pharmaceuticals' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Ligand Pharmaceuticals' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 33.8 M | |
| Cash And Short Term Investments | 682.2 M |
Ligand Pharmaceuticals Technical Analysis
Ligand Pharmaceuticals' future price can be derived by breaking down and analyzing its technical indicators over time. Ligand Pink Sheet technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ligand Pharmaceuticals Tr. In general, you should focus on analyzing Ligand Pink Sheet price patterns and their correlations with different microeconomic environments and drivers.
Ligand Pharmaceuticals Predictive Forecast Models
Ligand Pharmaceuticals' time-series forecasting models is one of many Ligand Pharmaceuticals' pink sheet analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Ligand Pharmaceuticals' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the pink sheet market movement and maximize returns from investment trading.
Things to note about Ligand Pharmaceuticals
Checking the ongoing alerts about Ligand Pharmaceuticals for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ligand Pharmaceuticals help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ligand Pharmaceuticals is not yet fully synchronised with the market data | |
| Ligand Pharmaceuticals generated a negative expected return over the last 90 days | |
| Ligand Pharmaceuticals has high historical volatility and very poor performance | |
| Ligand Pharmaceuticals has some characteristics of a very speculative penny stock | |
| Ligand Pharmaceuticals generates negative cash flow from operations |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Ligand Pharmaceuticals information on this page should be used as a complementary analysis to other Ligand Pharmaceuticals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Ligand Pink Sheet analysis
When running Ligand Pharmaceuticals' price analysis, check to measure Ligand Pharmaceuticals' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ligand Pharmaceuticals is operating at the current time. Most of Ligand Pharmaceuticals' value examination focuses on studying past and present price action to predict the probability of Ligand Pharmaceuticals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ligand Pharmaceuticals' price. Additionally, you may evaluate how the addition of Ligand Pharmaceuticals to your portfolios can decrease your overall portfolio volatility.
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