LENOVO GROUP (Germany) Market Value
| LHL Stock | EUR 1.25 0.10 7.41% |
| 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.
| 03/12/2024 |
| 06/10/2024 |
If you would invest 0.00 in LENOVO GROUP on March 12, 2024 and sell it all today you would earn a total of 0.00 from holding LENOVO GROUP or generate 0.0% return on investment in LENOVO GROUP over 90 days. LENOVO GROUP is related to or competes with Apple, Apple, Apple, Apple, Microsoft, Microsoft, and Microsoft. 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 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.0609 | |||
| Maximum Drawdown | 15.83 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 4.76 |
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 | 0.0495 | |||
| Jensen Alpha | 0.1803 | |||
| Total Risk Alpha | 0.1483 | |||
| Sortino Ratio | 0.0656 | |||
| Treynor Ratio | 0.4701 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of LENOVO GROUP's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
LENOVO GROUP Backtested Returns
LENOVO GROUP appears to be out of control, given 3 months investment horizon. LENOVO GROUP has Sharpe Ratio of 0.0745, which conveys that the firm had a 0.0745% return per unit of volatility 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 exercise LENOVO GROUP's risk adjusted performance of 0.0495, and Mean Deviation of 1.88 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, LENOVO GROUP holds a performance score of 5. The company secures a Beta (Market Risk) of 0.39, 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. Please check LENOVO GROUP's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether LENOVO GROUP's current price movements will revert.
Auto-correlation | -0.85 |
Excellent reverse predictability
LENOVO GROUP has excellent reverse predictability. Overlapping area represents the amount of predictability between LENOVO GROUP time series from 12th of March 2024 to 26th of April 2024 and 26th of April 2024 to 10th of June 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 price movement. The serial correlation of -0.85 indicates that around 85.0% of current LENOVO GROUP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
LENOVO GROUP 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.
Regressed Prices |
| Timeline |
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Other Information on Investing in LENOVO Stock
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.