Legend Stock Market Value

Stocks . USA . 
Stock . Legend BiotechCorp
LEGN Stock  USD 46.97  0.19  0.40%   
Legend BiotechCorp's market value is the price at which a share of Legend BiotechCorp stock trades on a public exchange. It measures the collective expectations of Legend BiotechCorp investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Legend BiotechCorp and determine expected loss or profit from investing in Legend BiotechCorp over a given investment horizon. Check out Legend BiotechCorp Correlation, Legend BiotechCorp Volatility and Legend BiotechCorp Alpha and Beta module to complement your research on Legend BiotechCorp. To learn how to invest in Legend Stock please use our How to Invest in Legend BiotechCorp guide.
Symbol

Legend BiotechCorp company Valuation

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.
Earnings Share
(2.96) 
Revenue Per Share
0.788
Quarterly Revenue Growth
(0.42) 
Return On Assets
(0.26) 
Return On Equity
(0.97) 
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.
Altman
Z Score
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Piotroski
F Score
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Beneish
M Score
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Financial
Analysis
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Buy or Sell
Advice
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Earnings
Projections
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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 Legend BiotechCorp value 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.

Legend BiotechCorp 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Legend BiotechCorp's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Legend BiotechCorp.
0.00
02/25/2023
No Change 0.00  0.0 
In 31 days
03/27/2023
0.00
If you would invest  0.00  in Legend BiotechCorp on February 25, 2023 and sell it all today you would earn a total of 0.00 from holding Legend BiotechCorp or generate 0.0% return on investment in Legend BiotechCorp over 30 days. Legend BiotechCorp is related to or competes with Microsoft, ATT, 3M, Chevron Corp, Caterpillar, HP, and Intel. Legend Biotech Corporation, a clinical-stage biopharmaceutical company, through its subsidiaries, engages in the discove... More

Legend BiotechCorp Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Legend BiotechCorp's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Legend BiotechCorp upside and downside potential and time the market with a certain degree of confidence.
Information Ratio(0.01828)
Maximum Drawdown12.74
Value At Risk(4.24)
Potential Upside4.32

Legend BiotechCorp Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Legend BiotechCorp's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Legend BiotechCorp's standard deviation. In reality, there are many statistical measures that can use Legend BiotechCorp historical prices to predict the future Legend BiotechCorp's volatility.
Risk Adjusted Performance(0.015622)
Jensen Alpha(0.042439)
Total Risk Alpha(0.005136)
Treynor Ratio(0.06)
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Legend BiotechCorp's 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. Please use the tools below to analyze the current value of Legend BiotechCorp in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
44.1346.9649.79
Details
Intrinsic
Valuation
LowReal ValueHigh
42.2759.2762.10
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9 Analysts
Consensus
LowTarget PriceHigh
65.0069.8678.00
Details
Earnings
Estimates (4)
LowProjected EPSHigh
-0.94-0.78-0.59
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Legend BiotechCorp. Your research has to be compared to or analyzed against Legend BiotechCorp's peers to derive any actionable benefits. When done correctly, Legend BiotechCorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Legend BiotechCorp.

Legend BiotechCorp Backtested Returns

Legend BiotechCorp has Sharpe Ratio of -0.0044, which conveys that the firm had -0.0044% of return per unit of risk over the last 3 months. Macroaxis 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 twenty-eight different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to verify Legend BiotechCorp mean deviation of 2.16, and Risk Adjusted Performance of (0.015622) to check out the risk estimate we provide.
The company secures a Beta (Market Risk) of 1.3329, which conveys a somewhat significant risk relative to the market. Let's try to break down what Legend's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Legend BiotechCorp will likely underperform. Even though it is essential to pay attention to Legend BiotechCorp price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Legend BiotechCorp exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Legend BiotechCorp has an expected return of -0.0124%. Please be advised to verify Legend BiotechCorp jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution to decide if Legend BiotechCorp performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.12  

Insignificant predictability

Legend BiotechCorp has insignificant predictability. Overlapping area represents the amount of predictability between Legend BiotechCorp time series from 25th of February 2023 to 12th of March 2023 and 12th of March 2023 to 27th of March 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Legend BiotechCorp price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Legend BiotechCorp price fluctuation can be explain by its past prices.
Correlation Coefficient0.12
Spearman Rank Test0.3
Residual Average0.0
Price Variance1.42

Legend BiotechCorp lagged returns against current returns

Autocorrelation, which is Legend BiotechCorp stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Legend BiotechCorp's stock expected returns. We can calculate the autocorrelation of Legend BiotechCorp returns to help us make a trade decision. For example, suppose you find that Legend BiotechCorp stock has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Legend BiotechCorp regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Legend BiotechCorp stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Legend BiotechCorp stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Legend BiotechCorp stock over time.
   Current vs Lagged Prices   
       Timeline  

Legend BiotechCorp Lagged Returns

When evaluating Legend BiotechCorp's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Legend BiotechCorp stock have on its future price. Legend BiotechCorp autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Legend BiotechCorp autocorrelation shows the relationship between Legend BiotechCorp stock current value and its past values and can show if there is a momentum factor associated with investing in Legend BiotechCorp.
   Regressed Prices   
       Timeline  

Legend BiotechCorp Investors Sentiment

The influence of Legend BiotechCorp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Legend. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Legend BiotechCorp's public news can be used to forecast risks associated with investment in Legend. The trend in average sentiment can be used to explain how an investor holding Legend can time the market purely based on public headlines and social activities around Legend BiotechCorp. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Legend BiotechCorp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Legend BiotechCorp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Legend BiotechCorp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Legend BiotechCorp.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Legend BiotechCorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Legend BiotechCorp's short interest history, or implied volatility extrapolated from Legend BiotechCorp options trading.

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Check out Legend BiotechCorp Correlation, Legend BiotechCorp Volatility and Legend BiotechCorp Alpha and Beta module to complement your research on Legend BiotechCorp. 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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When running Legend BiotechCorp 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 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.
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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.
Overlap Analysis
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Forecast Models
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Price Shifting
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Volatility Indicators
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Value Movement
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A focus of Legend BiotechCorp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Legend BiotechCorp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...
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