Lenovo Group (Germany) Market Value
| LHL1 Stock | 22.20 0.40 1.83% |
| Symbol | Lenovo |
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.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Lenovo Group on October 26, 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 30 days. Lenovo Group is related to or competes with QBE Insurance, SALESFORCE INC, TFS FINANCIAL, CARSALESCOM, and National Bank. 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.
| Downside Deviation | 3.23 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 20.76 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.31 |
Lenovo Group Market Risk Indicators
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.| Risk Adjusted Performance | 0.0375 | |||
| Jensen Alpha | 0.0646 | |||
| Total Risk Alpha | (0.34) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.3463 |
Lenovo Group Limited Backtested Returns
Currently, Lenovo Group Limited is not too volatile. Lenovo Group Limited has Sharpe Ratio of 0.0189, which conveys that the firm had a 0.0189% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lenovo Group, which you can use to evaluate the volatility of the firm. Please verify Lenovo Group's Mean Deviation of 1.9, risk adjusted performance of 0.0375, and Downside Deviation of 3.23 to check out if the risk estimate we provide is consistent with the expected return of 0.0522%. Lenovo Group has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.29, which conveys not very significant fluctuations relative to the market. 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 2.77%. 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 | 0.69 |
Good predictability
Lenovo Group Limited has good predictability. Overlapping area represents the amount of predictability between Lenovo Group time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 0.69 indicates that around 69.0% of current Lenovo Group price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.54 |
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.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Additional Tools for Lenovo Stock Analysis
When running Lenovo Group's price analysis, check to measure Lenovo Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lenovo Group is operating at the current time. Most of Lenovo Group's value examination focuses on studying past and present price action to predict the probability of Lenovo Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lenovo Group's price. Additionally, you may evaluate how the addition of Lenovo Group to your portfolios can decrease your overall portfolio volatility.