6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-19), Ligand Pharmaceuticals's 6-1 Month Momentum % is 36.81%.
The industry rank for Ligand Pharmaceuticals's 6-1 Month Momentum % or its related term are showing as below:
LGND's 6-1 Month Momentum % is ranked better than 75.18% of 1519
companies
in the Biotechnology industry
Industry Median: -1.21
vs LGND: 36.81
Competitive Comparison
For the Biotechnology subindustry, Ligand Pharmaceuticals's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ligand Pharmaceuticals 6-1 Month Momentum % Distribution
For the Biotechnology industry and Healthcare sector, Ligand Pharmaceuticals's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Ligand Pharmaceuticals's 6-1 Month Momentum % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Ligand Pharmaceuticals 6-1 Month Momentum % Related Terms
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Ligand Pharmaceuticals (Ligand Pharmaceuticals) Business Description
Ligand Pharmaceuticals Inc is a biopharmaceutical company focused on developing and acquiring technologies that aid in creating medicine. The company has partnerships and license agreements with various pharmaceutical and biotechnology companies. Ligand's business model is based on drug discovery, early-stage drug development, product reformulation, and partnerships. The company's revenue consists of three primary elements: royalties from commercialized products, license and milestone payments, and sale of its trademarked Captisol material.
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