If you're considering investing in Legend Stock, it is important to understand the factors that can impact its stock price. As of today, the current price of Legend BiotechCorp stands at 67.31, as last reported on the 29th of September, with the highest price reaching 67.73 and the lowest price hitting 65.95 during the day. Legend BiotechCorp has Sharpe Ratio of -0.0051, which conveys that the firm had -0.0051% of return per unit of risk over the last 3 months. Our standpoint towards estimating the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Legend BiotechCorp exposes fifteen different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please verify Legend BiotechCorp Standard Deviation of 2.23, mean deviation of 1.66, and Risk Adjusted Performance of (0.015008) to check out the risk estimate we provide. As of 29th of September 2023, Net Income Common Stock is likely to drop to about (458.1 M). As of 29th of September 2023, Price to Sales Ratio is likely to grow to 75.78, while Price to Book Value is likely to drop 9.96. Legend Stock stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Sharpe Ratio = -0.0051
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Legend BiotechCorp Stock Price History Chart
There are several ways to analyze Legend Stock price data. The simplest method is using a basic Legend candlestick price chart, which shows Legend BiotechCorp price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
Legend BiotechCorp September 29, 2023 Stock Price SynopsisVarious analyses of Legend BiotechCorp stock's daily price changes, such as its Balance Of Power or Price Action, are crucial when deciding whether to buy, hold, or sell Legend Stock. It can be used to describe the percentage change in the price of Legend BiotechCorp from one trading day to the next and could be a valuable metric for traders and investors to gauge the volatility and momentum of Legend Stock. When benchmark price declines in a down market, there may be an uptick in Legend Stock price where buyers come in believing the asset is cheap or selling overdone. The opposite is true when the market is bullish. You can use Legend BiotechCorp intraday prices and daily technical indicators to check the level of noise trading in Legend Stock and then apply it to test your longer-term investment strategies against Legend.
Legend Stock Price History DataThe price series of Legend BiotechCorp for the period between Sat, Jul 1, 2023 and Fri, Sep 29, 2023 has a statistical range of 13.34 with a coefficient of variation of 4.69. The daily prices for the period are spread out with arithmetic mean of 69.55. The median price for the last 90 days is 69.47.
About Legend BiotechCorp Stock history
Legend BiotechCorp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Legend is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Legend BiotechCorp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Legend BiotechCorp stock prices may prove useful in developing a viable investing in Legend BiotechCorp
Legend BiotechCorp Stock Technical Analysis
Legend BiotechCorp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Analyze risk-adjusted returns against different time horizons to find asset-allocation targets
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Legend BiotechCorp Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Legend stock's direction in advance. Along with the technical and fundamental analysis of Legend Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Legend to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen stock market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Legend BiotechCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. To learn how to invest in Legend Stock, please use our How to Invest in Legend BiotechCorp guide. Note that the Legend BiotechCorp information on this page should be used as a complementary analysis to other Legend BiotechCorp's 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Legend Stock analysis
When running Legend BiotechCorp's price analysis, check to measure Legend BiotechCorp's 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 Legend BiotechCorp is operating at the current time. Most of Legend BiotechCorp's value examination focuses on studying past and present price action to predict the probability of Legend BiotechCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legend BiotechCorp's price. Additionally, you may evaluate how the addition of Legend BiotechCorp to your portfolios can decrease your overall portfolio volatility.
Is Legend BiotechCorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Legend BiotechCorp. If investors know Legend will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Legend BiotechCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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The market value of Legend BiotechCorp is measured differently than its book value, which is the value of Legend that is recorded on the company's balance sheet. Investors also form their own opinion of Legend BiotechCorp's value that differs from its market value or its book value, called intrinsic value, which is Legend BiotechCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Legend BiotechCorp's market value can be influenced by many factors that don't directly affect Legend BiotechCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Legend BiotechCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legend BiotechCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legend BiotechCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.