Lenovo Group Pink Sheet Forecast - 8 Period Moving Average
| LNVGY Stock | USD 21.14 0.34 1.63% |
The 8 Period Moving Average forecasted value of Lenovo Group Ltd on the next trading day is expected to be 21.06 with a mean absolute deviation of 0.65 and the sum of the absolute errors of 34.30. Lenovo Pink Sheet Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Lenovo Group stock prices and determine the direction of Lenovo Group Ltd's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Lenovo Group's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Lenovo Group to cross-verify your projections. Lenovo |
Most investors in Lenovo Group cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Lenovo Group's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Lenovo Group's price structures and extracts relationships that further increase the generated results' accuracy.
An 8-period moving average forecast model for Lenovo Group is based on an artificially constructed time series of Lenovo Group daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time. Lenovo Group 8 Period Moving Average Price Forecast For the 25th of April
Given 90 days horizon, the 8 Period Moving Average forecasted value of Lenovo Group Ltd on the next trading day is expected to be 21.06 with a mean absolute deviation of 0.65, mean absolute percentage error of 0.67, and the sum of the absolute errors of 34.30.Please note that although there have been many attempts to predict Lenovo Pink Sheet prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Lenovo Group's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Lenovo Group Pink Sheet Forecast Pattern
| Backtest Lenovo Group | Lenovo Group Price Prediction | Buy or Sell Advice |
Lenovo Group Forecasted Value
In the context of forecasting Lenovo Group's Pink Sheet value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Lenovo Group's downside and upside margins for the forecasting period are 18.27 and 23.85, respectively. We have considered Lenovo Group's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Lenovo Group pink sheet data series using in forecasting. Note that when a statistical model is used to represent Lenovo Group pink sheet, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 103.0015 |
| Bias | Arithmetic mean of the errors | -0.0017 |
| MAD | Mean absolute deviation | 0.6472 |
| MAPE | Mean absolute percentage error | 0.0284 |
| SAE | Sum of the absolute errors | 34.3025 |
Predictive Modules for Lenovo Group
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Lenovo Group. Regardless of method or technology, however, to accurately forecast the pink sheet market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the pink sheet market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.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.
Other Forecasting Options for Lenovo Group
For every potential investor in Lenovo, whether a beginner or expert, Lenovo Group's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Lenovo Pink Sheet price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Lenovo. Basic forecasting techniques help filter out the noise by identifying Lenovo Group's price trends.Lenovo Group Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lenovo Group pink sheet to make a market-neutral strategy. Peer analysis of Lenovo Group could also be used in its relative valuation, which is a method of valuing Lenovo Group by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Lenovo Group Technical and Predictive Analytics
The pink sheet market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Lenovo Group's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Lenovo Group's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Lenovo Group Market Strength Events
Market strength indicators help investors to evaluate how Lenovo Group pink sheet reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Lenovo Group shares will generate the highest return on investment. By undertsting and applying Lenovo Group pink sheet market strength indicators, traders can identify Lenovo Group Ltd entry and exit signals to maximize returns.
Lenovo Group Risk Indicators
The analysis of Lenovo Group's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Lenovo Group's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting lenovo pink sheet prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.93 | |||
| Standard Deviation | 2.75 | |||
| Variance | 7.56 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Lenovo Group to cross-verify your projections. Note that the Lenovo Group information on this page should be used as a complementary analysis to other Lenovo Group's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Lenovo Pink Sheet 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.
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |