Ligand Pharmaceuticals Incorporated (LGND)
Ligand Pharmaceuticals Incorporated, a biopharmaceutical company, focuses on developing or acquiring technologies that help pharmaceutical companies discover and develop drugs globally. The company is headquartered in San Diego, California.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 85.12% per annum.
- LGND price at the close of July 26, 2024 was $107.14 and was inside the primary price channel.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2,691.37% per annum.
- LGND price at the close of July 26, 2024 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of LGND price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: September 20, 2023
End date: July 26, 2024
a = 1.4548
b = 0.0017
s = 0.0770
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0017) – 1
= 85.12%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0770) – 1
= 36.08%
September 20, 2023 calculations
Top border of price channel:
Exp(Y1,044)
= Exp(a + b × X1,044 + 2 × s)
= Exp(a + b × 1,514 + 2 × s)
= Exp(1.4548 + 0.0017 × 1,514 + 2 × 0.0770)
= Exp(4.1633)
= $64.28
Bottom border of price channel:
Exp(Y1,044)
= Exp(a + b × X1,044 – 2 × s)
= Exp(a + b × 1,514 – 2 × s)
= Exp(1.4548 + 0.0017 × 1,514 – 2 × 0.0770)
= Exp(3.8552)
= $47.24
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(1.4548 + 0.0017 × 1,824 + 2 × 0.0770)
= Exp(4.6863)
= $108.45
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(1.4548 + 0.0017 × 1,824 – 2 × 0.0770)
= Exp(4.3782)
= $79.69
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 85.12% per annum.
- LGND price at the close of July 26, 2024 was $107.14 and was inside the primary price channel.
Secondary Trend
Start date: June 20, 2024
End date: July 26, 2024
a = -11.9648
b = 0.0091
s = 0.0287
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0091) – 1
= 2,691.37%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0287) – 1
= 12.17%
June 20, 2024 calculations
Top border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 + 2 × s)
= Exp(a + b × 1,788 + 2 × s)
= Exp(-11.9648 + 0.0091 × 1,788 + 2 × 0.0287)
= Exp(4.4007)
= $81.51
Bottom border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 – 2 × s)
= Exp(a + b × 1,788 – 2 × s)
= Exp(-11.9648 + 0.0091 × 1,788 – 2 × 0.0287)
= Exp(4.2859)
= $72.67
July 26, 2024 calculations
Top border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(-11.9648 + 0.0091 × 1,824 + 2 × 0.0287)
= Exp(4.7291)
= $113.19
Bottom border of price channel:
Exp(Y1,257)
= Exp(a + b × X1,257 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(-11.9648 + 0.0091 × 1,824 – 2 × 0.0287)
= Exp(4.6143)
= $100.91
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 2,691.37% per annum.
- LGND price at the close of July 26, 2024 was inside the secondary price channel.