Legend Stock Performance

LEGN Stock  USD 51.65  0.15  0.29%   
Legend BiotechCorp has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.6344, 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 important to respect Legend BiotechCorp price patterns, it is better to be realistic regarding the information on the equity's 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. By analyzing Legend BiotechCorp technical indicators, you can presently evaluate if the expected return of 0.0477% will be sustainable into the future. Legend BiotechCorp right now secures a risk of 2.82%. Please verify Legend BiotechCorp variance, as well as the relationship between the maximum drawdown and semi variance to decide if Legend BiotechCorp will be following its current price movements.
  
Legend Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Legend BiotechCorp are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. Despite quite persistent technical and fundamental indicators, Legend BiotechCorp is not utilizing all of its potentials. The latest stock price mess, may contribute to short-term losses for the institutional investors. ...more

Legend Price Channel

Begin Period Cash Flow455.7 M
Total Cashflows From Investing Activities-195 M

Legend BiotechCorp Relative Risk vs. Return Landscape

If you would invest  5,137  in Legend BiotechCorp on November 4, 2022 and sell it today you would earn a total of  28.00  from holding Legend BiotechCorp or generate 0.55% return on investment over 90 days. Legend BiotechCorp is currently generating 0.0477% in daily expected returns and assumes 2.821% risk (volatility on return distribution) over the 90 days horizon. In different words, 24% of stocks are less volatile than Legend, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Daily Expected Return (%)  
       Risk (%)  
Given the investment horizon of 90 days Legend BiotechCorp is expected to generate 3.29 times less return on investment than the market. In addition to that, the company is 2.57 times more volatile than its market benchmark. It trades about 0.02 of its total potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.14 per unit of volatility.

Legend BiotechCorp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Legend BiotechCorp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Legend BiotechCorp, and traders can use it to determine the average amount a Legend BiotechCorp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0169

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Estimated Market Risk
 2.82
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 24 %
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Based on monthly moving average Legend BiotechCorp is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Legend BiotechCorp by adding it to a well-diversified portfolio.

About Legend BiotechCorp Performance

To evaluate Legend BiotechCorp Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Legend BiotechCorp generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Legend Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Legend BiotechCorp market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Legend's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Legend Biotech Corporation, a clinical-stage biopharmaceutical company, through its subsidiaries, engages in the discovery and development of novel cell therapies for oncology and other indications in the United States, China, and internationally. Legend Biotech Corporation is a subsidiary of Genscript Biotech Corporation. Legend Biotech operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 1071 people.

Things to note about Legend BiotechCorp

Checking the ongoing alerts about Legend BiotechCorp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Legend BiotechCorp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Additionally, see Correlation Analysis. 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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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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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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.
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 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.