How do you know when a stock will go up or down? (LEGN Stock Forecast)

Legend Biotech Corporation American Depositary Shares Research Report

Summary

Stock prediction is a very hot topic in our life. However, in the early time, because of some reasons and the limitation of the device, only a few people had the access to the study. Thanks to the rapid development of science and technology, in recent years more and more people are devoted to the study of the prediction and it becomes easier and easier for us to make stock prediction by using different ways now, including machine learning, deep learning and so on. We evaluate Legend Biotech Corporation American Depositary Shares prediction models with Supervised Machine Learning (ML) and Wilcoxon Sign-Rank Test1,2,3,4 and conclude that the LEGN stock is predictable in the short/long term. According to price forecasts for (n+1 year) period: The dominant strategy among neural network is to Hold LEGN stock.

Key Points

  1. Market Signals
  2. How do predictive algorithms actually work?
  3. Dominated Move

LEGN Target Price Prediction Modeling Methodology

We consider Legend Biotech Corporation American Depositary Shares Stock Decision Process with Supervised Machine Learning (ML) where A is the set of discrete actions of LEGN stock holders, F is the set of discrete states, P : S × F × S → R is the transition probability distribution, R : S × F → R is the reaction function, and γ ∈ [0, 1] is a move factor for expectation.1,2,3,4


F(Wilcoxon Sign-Rank Test)5,6,7= p a 1 p a 2 p 1 n p j 1 p j 2 p j n p k 1 p k 2 p k n p n 1 p n 2 p n n X R(Supervised Machine Learning (ML)) X S(n):→ (n+1 year) i = 1 n a i

n:Time series to forecast

p:Price signals of LEGN stock

j:Nash equilibria (Neural Network)

k:Dominated move

a:Best response for target price

 

For further technical information as per how our model work we invite you to visit the article below: 

How do AC Investment Research machine learning (predictive) algorithms actually work?

LEGN Stock Forecast (Buy or Sell) for (n+1 year)

Sample Set: Neural Network
Stock/Index: LEGN Legend Biotech Corporation American Depositary Shares
Time series to forecast n: 24 Nov 2022 for (n+1 year)

According to price forecasts for (n+1 year) period: The dominant strategy among neural network is to Hold LEGN stock.

X axis: *Likelihood% (The higher the percentage value, the more likely the event will occur.)

Y axis: *Potential Impact% (The higher the percentage value, the more likely the price will deviate.)

Z axis (Yellow to Green): *Technical Analysis%

Adjusted IFRS* Prediction Methods for Legend Biotech Corporation American Depositary Shares

  1. For loan commitments, an entity considers changes in the risk of a default occurring on the loan to which a loan commitment relates. For financial guarantee contracts, an entity considers the changes in the risk that the specified debtor will default on the contract.
  2. For the purpose of applying paragraphs B4.1.11(b) and B4.1.12(b), irrespective of the event or circumstance that causes the early termination of the contract, a party may pay or receive reasonable compensation for that early termination. For example, a party may pay or receive reasonable compensation when it chooses to terminate the contract early (or otherwise causes the early termination to occur).
  3. A firm commitment to acquire a business in a business combination cannot be a hedged item, except for foreign currency risk, because the other risks being hedged cannot be specifically identified and measured. Those other risks are general business risks.
  4. Leverage is a contractual cash flow characteristic of some financial assets. Leverage increases the variability of the contractual cash flows with the result that they do not have the economic characteristics of interest. Stand-alone option, forward and swap contracts are examples of financial assets that include such leverage. Thus, such contracts do not meet the condition in paragraphs 4.1.2(b) and 4.1.2A(b) and cannot be subsequently measured at amortised cost or fair value through other comprehensive income.

*International Financial Reporting Standards (IFRS) are a set of accounting rules for the financial statements of public companies that are intended to make them consistent, transparent, and easily comparable around the world.

Conclusions

Legend Biotech Corporation American Depositary Shares assigned short-term B1 & long-term B2 forecasted stock rating. We evaluate the prediction models Supervised Machine Learning (ML) with Wilcoxon Sign-Rank Test1,2,3,4 and conclude that the LEGN stock is predictable in the short/long term. According to price forecasts for (n+1 year) period: The dominant strategy among neural network is to Hold LEGN stock.

Financial State Forecast for LEGN Legend Biotech Corporation American Depositary Shares Stock Options & Futures

Rating Short-Term Long-Term Senior
Outlook*B1B2
Operational Risk 6730
Market Risk4532
Technical Analysis3958
Fundamental Analysis8856
Risk Unsystematic6871

Prediction Confidence Score

Trust metric by Neural Network: 87 out of 100 with 591 signals.

References

  1. Cheung, Y. M.D. Chinn (1997), "Further investigation of the uncertain unit root in GNP," Journal of Business and Economic Statistics, 15, 68–73.
  2. G. J. Laurent, L. Matignon, and N. L. Fort-Piat. The world of independent learners is not Markovian. Int. J. Know.-Based Intell. Eng. Syst., 15(1):55–64, 2011
  3. Matzkin RL. 1994. Restrictions of economic theory in nonparametric methods. In Handbook of Econometrics, Vol. 4, ed. R Engle, D McFadden, pp. 2523–58. Amsterdam: Elsevier
  4. LeCun Y, Bengio Y, Hinton G. 2015. Deep learning. Nature 521:436–44
  5. Chernozhukov V, Escanciano JC, Ichimura H, Newey WK. 2016b. Locally robust semiparametric estimation. arXiv:1608.00033 [math.ST]
  6. E. Collins. Using Markov decision processes to optimize a nonlinear functional of the final distribution, with manufacturing applications. In Stochastic Modelling in Innovative Manufacturing, pages 30–45. Springer, 1997
  7. Y. Chow and M. Ghavamzadeh. Algorithms for CVaR optimization in MDPs. In Advances in Neural Infor- mation Processing Systems, pages 3509–3517, 2014.
Frequently Asked QuestionsQ: What is the prediction methodology for LEGN stock?
A: LEGN stock prediction methodology: We evaluate the prediction models Supervised Machine Learning (ML) and Wilcoxon Sign-Rank Test
Q: Is LEGN stock a buy or sell?
A: The dominant strategy among neural network is to Hold LEGN Stock.
Q: Is Legend Biotech Corporation American Depositary Shares stock a good investment?
A: The consensus rating for Legend Biotech Corporation American Depositary Shares is Hold and assigned short-term B1 & long-term B2 forecasted stock rating.
Q: What is the consensus rating of LEGN stock?
A: The consensus rating for LEGN is Hold.
Q: What is the prediction period for LEGN stock?
A: The prediction period for LEGN is (n+1 year)

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