Lenovo Group Stock Market Value

LNVGY Stock  USD 23.40  0.04  0.17%   
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 investors about its performance. Lenovo Group is trading at 23.40 as of the 28th of March 2024; that is 0.17 percent increase since the beginning of the trading day. The stock's open price was 23.36.
With this module, you can estimate the performance of a buy and hold strategy of Lenovo Group 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.
Symbol

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 pink sheet 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.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Lenovo Group on February 27, 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 30 days. Lenovo Group is related to or competes with Arista Networks, Dell Technologies, Super Micro, HP, NetApp, Western Digital, and Seagate Technology. 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 pink sheet 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
20.4423.4026.36
Details
Intrinsic
Valuation
LowRealHigh
17.0019.9625.74
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Lenovo Group. Your research has to be compared to or analyzed against Lenovo Group's peers to derive any actionable benefits. When done correctly, Lenovo Group's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Lenovo Group.

Lenovo Group Backtested Returns

Lenovo Group has Sharpe Ratio of -0.0839, which conveys that the firm had a -0.0839% return per unit of risk over the last 3 months. Lenovo Group exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Lenovo Group's Mean Deviation of 2.05, standard deviation of 2.9, and Risk Adjusted Performance of (0.02) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.0805, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Lenovo Group are expected to decrease at a much lower rate. During the bear market, Lenovo Group is likely to outperform the market. Lenovo Group has an expected return of -0.25%. Please make sure to verify Lenovo Group jensen alpha, kurtosis, as well as the relationship between the Kurtosis and price action indicator , to decide if Lenovo Group performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.3  

Weak reverse predictability

Lenovo Group has weak reverse predictability. Overlapping area represents the amount of predictability between Lenovo Group time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 -0.3 indicates that nearly 30.0% of current Lenovo Group price fluctuation can be explain by its past prices.
Correlation Coefficient-0.3
Spearman Rank Test-0.52
Residual Average0.0
Price Variance0.36

Lenovo Group lagged returns against current returns

Autocorrelation, which is Lenovo Group pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lenovo Group pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lenovo Group pink sheet 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 pink sheet 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 pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Lenovo Group.
   Regressed Prices   
       Timeline  

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 Architect
Check out Lenovo Group Correlation, Lenovo Group Volatility and Lenovo Group Alpha and Beta module to complement your research on Lenovo Group.
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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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.
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Lenovo Group technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.
A focus of Lenovo Group technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Lenovo Group trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...