Legend Stock Market Value

Stocks . USA . 
Stock . Legend BiotechCorp
LEGN Stock  USD 67.62  1.29  1.87%   
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 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
(3.42) 
Revenue Per Share
0.639
Quarterly Revenue Growth
(0.12) 
Return On Assets
(0.29) 
Return On Equity
(0.96) 
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 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.

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
04/16/2022
No Change 0.00  0.0 
In 1 year 1 month and 24 days
06/10/2023
0.00
If you would invest  0.00  in Legend BiotechCorp on April 16, 2022 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 420 days. Legend BiotechCorp is related to or competes with Moleculin Biotech, Seres Therapeutics, Madrigal Pharmaceuticals, MiMedx, MEI Pharma, Magenta Therapeutics, and MeiraGTx Holdings. 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.
Downside Deviation2.11
Information Ratio0.1752
Maximum Drawdown23.82
Value At Risk(3.38)
Potential Upside5.27

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 Performance0.1697
Jensen Alpha0.6312
Total Risk Alpha0.6315
Sortino Ratio0.2991
Treynor Ratio1.04
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
LowEstimatedHigh
62.3565.9569.55
Details
Intrinsic
Valuation
LowRealHigh
60.8676.0779.67
Details
15 Analysts
Consensus
LowTargetHigh
64.0078.2790.00
Details
Earnings
Estimates (6)
LowProjected EPSHigh
-0.78-0.61-0.36
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 toward taking a position in Legend BiotechCorp.

Legend BiotechCorp Backtested Returns

Legend BiotechCorp appears to be very steady, given 3 months investment horizon. Legend BiotechCorp has Sharpe Ratio of 0.19, which conveys that the firm had 0.19% of return per unit of risk over the last 3 months. Our standpoint towards estimating the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. By analyzing Legend BiotechCorp technical indicators you can presently evaluate if the expected return of 0.7% is justified by implied risk. Please exercise Legend BiotechCorp's Downside Deviation of 2.11, mean deviation of 2.42, and Risk Adjusted Performance of 0.1697 to check out if our risk estimates are consistent with your expectations.
On a scale of 0 to 100, Legend BiotechCorp holds a performance score of 14. The company secures a Beta (Market Risk) of 0.6097, which conveys possible diversification benefits within a given portfolio. Let's try to break down what Legend's beta means in this case. As returns on the market increase, Legend BiotechCorp returns are expected to increase less than the market. However, during the bear market, the loss on holding Legend BiotechCorp will be expected to be smaller as well. Although it is vital to follow Legend BiotechCorp price patterns, it is good to be conservative about what you can do with the information regarding equity historical price patterns. The philosophy towards estimating future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. We have found twenty-one technical indicators for Legend BiotechCorp, which you can use to evaluate the performance of the firm. Please exercises Legend BiotechCorp variance, as well as the relationship between the maximum drawdown and semi variance to make a quick decision on whether Legend BiotechCorp current price movements will revert.

Auto-correlation

    
  -0.22  

Weak reverse predictability

Legend BiotechCorp has weak reverse predictability. Overlapping area represents the amount of predictability between Legend BiotechCorp time series from 16th of April 2022 to 12th of November 2022 and 12th of November 2022 to 10th of June 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 -0.22 indicates that over 22.0% of current Legend BiotechCorp price fluctuation can be explain by its past prices.
Correlation Coefficient-0.22
Spearman Rank Test-0.04
Residual Average0.0
Price Variance68.85

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  

Be your own money manager

Our tools can tell you how much better you can do entering a position in Legend BiotechCorp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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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 the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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.
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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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