Lenovo Group Correlations

Stocks . Germany . 
Stock . Lenovo Group Limited
LHL Stock  EUR 1.33  0.04  2.92%   
The current 90-days correlation between Lenovo Group Limited and PARKEN Sport Entertainment is 0.11 (i.e., Average diversification). The correlation of Lenovo Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Lenovo Group Correlation With Market

Significant diversification

The correlation between Lenovo Group Limited and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lenovo Group Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lenovo Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lenovo Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lenovo Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lenovo Group Limited to buy it.

Moving together with Lenovo Stock

  0.73CPW Check Point SoftwarePairCorr
  0.8418LB Investment LatourPairCorr
  0.742WSA Wavestone SAPairCorr
  0.82ZEG ASTRAZENECAPairCorr
  0.8BNR Brenntag SEPairCorr
  0.72BAC Verizon CommunicationsPairCorr
  0.73ASG Assicurazioni GeneraliPairCorr
  0.77NOA3 NokiaPairCorr
  0.8EVD CTS Eventim AGPairCorr
  0.64N9U NOMURA REAL HLDG SplitPairCorr
  0.67KBX Knorr Bremse AGPairCorr
  0.8CK0 COCA A EUROPEANPairCorr
  0.72DGY DTE ENERGYPairCorr

Moving against Lenovo Stock

  0.63KBIA KB Financial GroupPairCorr
  0.58GGG GUDANG GARAM Earnings Call This WeekPairCorr
  0.49KSF1 SHINHAN FINL ADR1PairCorr
  0.46LMQ OXFORD BIODYNAMICSPairCorr
  0.4WIG1 Sporttotal AGPairCorr
  0.69DBPD Xtrackers ShortDAXPairCorr
  0.49USF1 OCULUS VISIONTECHPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
PSM
+ 0.69
U3I
8MN
+ 0.51
U3I
PSM
+ 0.37
8MN
U3I
+ 0.36
D2V
8MN
+ 0.19
D2V
DFXN
+ 0.15
D2V
  
High negative correlations   
8MN
- 0.59
7JZ
PSM
- 0.49
DFXN
8MN
- 0.36
DFXN
7JZ
- 0.36
D2V
DFXN
- 0.31
U3I
7JZ
- 0.18
U3I

Risk-Adjusted Indicators

There is a big difference between Lenovo Stock performing well and Lenovo Group Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lenovo Group's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lenovo Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Lenovo Group Corporate Management

Elected by the shareholders, the Lenovo Group's board of directors comprises two types of representatives: Lenovo Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lenovo. The board's role is to monitor Lenovo Group's management team and ensure that shareholders' interests are well served. Lenovo Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lenovo Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
Laura QuatelaVP OfficerProfile
Zhiqiang HeVP GroupProfile
Lan GaoVP HRProfile
Jian QiaoVP OfficerProfile
Yuanqing YangChairman CEOProfile
Chuanzhi LiuHonorary FounderProfile
Jenny LaiVP RelationsProfile
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