LIGAND PHARMACEUTICALS INC ranked among the best performers on Tuesday. It delivered +0.82% to close at 133.56. On a day when the overall market breadth was 34%, it closed higher than 4% of the market. In comparison, the benchmark SP500 index closed today at +0.01%.
LGND showed a strong bearish trend over the last 3 months. During this period LGND fell by -49.44% and saw a maximum drawdown of -51.74%. There was a short signal during this period which returned +43.67%.
LGND has been underperforming the SP500 index in recent time. It showed significant outperformance (compared to the SP500 index) from 24 Feb, 2017 to 28 Sep, 2018. Over the last 2 years 11 months and 14 days, LGND outperformed the SP500 index on 54% days.
During the last three months LGND was mostly loss making and delivered on average -1.02% per day. It's best return during this period (of +5.4%) was on Tuesday, 16 Oct, 2018. While it's worst loss in the same period (of -9.01%) was on Wednesday, 10 Oct, 2018. The longest stort-term trend during this period was 11 losing days, which started on 1 Oct, 2018 and ended on 15 Oct, 2018. This bearish trend lost -30.85% of investor capital.
During the last year LGND had 7 profitable months and 5 loss making months. LGND returned profits in fewer months than SP500 index. LGND was also a more risky investment than SP500 index as it's worst month in the last year, Oct 2018, returned -39.44% compared to -7.75% returned by SP500 index in Dec 2018. LGND had a shorter streak of profitable months than SP500 index. It only went up in 5 straight months during the last year.
"Well, I think that there's a very thin dividing line between success and failure. And I think if you start a business without financial backing, you're likely to go the wrong side of that dividing line.
LGND is currently seeing overall fall in volatility. In comparison, the SP500 index is seeing increase in volatility. During the last three months, there was a significant surge in LGND's volatility from 19 Sep, 2018 to 19 Oct, 2018. While there was a significant surge in the SP500 index's volatility from 19 Sep, 2018 to 29 Oct, 2018.
Advanced/professional short-term investors should note that LGND has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
Based on your interest in LGND you may find it interesting to know that OPNT is highly volatile and investors investing in it must take extreme caution. Consider either reducing your exposure to OPNT or sufficiently diversifying your portfolio.
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