Lenovo Group's market value is the price at which a share of Lenovo Group trades on a public exchange. It measures the collective expectations of Lenovo Group Limited investors about its performance. Lenovo Group is trading at 22.40 as of the 6th of December 2024. This is a 1.75 percent decrease since the beginning of the trading day. The stock's lowest day price was 22.4. With this module, you can estimate the performance of a buy and hold strategy of Lenovo Group Limited and determine expected loss or profit from investing in Lenovo Group over a given investment horizon. Check out Lenovo Group Correlation, Lenovo Group Volatility and Lenovo Group Alpha and Beta module to complement your research on Lenovo Group.
Please note, there is a significant difference between Lenovo Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lenovo Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lenovo Group's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Lenovo Group 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Lenovo Group's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Lenovo Group.
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06/09/2024
No Change 0.00
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In 5 months and 29 days
12/06/2024
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If you would invest 0.00 in Lenovo Group on June 9, 2024 and sell it all today you would earn a total of 0.00 from holding Lenovo Group Limited or generate 0.0% return on investment in Lenovo Group over 180 days. Lenovo Group is related to or competes with Nippon Steel, RELIANCE STEEL, BLUESCOPE STEEL, MELIA HOTELS, United States, and Summit Hotel. Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and service... More
Lenovo Group Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Lenovo Group's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Lenovo Group Limited upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lenovo Group's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lenovo Group's standard deviation. In reality, there are many statistical measures that can use Lenovo Group historical prices to predict the future Lenovo Group's volatility.
At this point, Lenovo Group is not too volatile. Lenovo Group Limited has Sharpe Ratio of 0.0673, which conveys that the firm had a 0.0673% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Lenovo Group, which you can use to evaluate the volatility of the firm. Please verify Lenovo Group's Downside Deviation of 2.84, mean deviation of 2.18, and Risk Adjusted Performance of 0.0475 to check out if the risk estimate we provide is consistent with the expected return of 0.18%. Lenovo Group has a performance score of 5 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.44, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lenovo Group's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lenovo Group is expected to be smaller as well. Lenovo Group Limited right now secures a risk of 2.73%. Please verify Lenovo Group Limited jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if Lenovo Group Limited will be following its current price movements.
Auto-correlation
0.03
Virtually no predictability
Lenovo Group Limited has virtually no predictability. Overlapping area represents the amount of predictability between Lenovo Group time series from 9th of June 2024 to 7th of September 2024 and 7th of September 2024 to 6th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Lenovo Group Limited price movement. The serial correlation of 0.03 indicates that only 3.0% of current Lenovo Group price fluctuation can be explain by its past prices.
Correlation Coefficient
0.03
Spearman Rank Test
-0.02
Residual Average
0.0
Price Variance
3.12
Lenovo Group Limited lagged returns against current returns
Autocorrelation, which is Lenovo Group stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Lenovo Group's stock expected returns. We can calculate the autocorrelation of Lenovo Group returns to help us make a trade decision. For example, suppose you find that Lenovo Group has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values
Timeline
Lenovo Group regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Lenovo Group stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lenovo Group stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lenovo Group stock over time.
Current vs Lagged Prices
Timeline
Lenovo Group Lagged Returns
When evaluating Lenovo Group's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lenovo Group stock have on its future price. Lenovo Group autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Lenovo Group autocorrelation shows the relationship between Lenovo Group stock current value and its past values and can show if there is a momentum factor associated with investing in Lenovo Group Limited.
Lenovo Group financial ratios help investors to determine whether Lenovo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Lenovo with respect to the benefits of owning Lenovo Group security.