Lenovo Competitors
Lenovo Group competes with HP, Dell Technologies, Seagate Technology, Canon Inc, and Canon Inc; as well as few others. The company classifies itself under Technology sector and is part of Computer Hardware industry. Analyzing Lenovo competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Lenovo to its intrinsic valuation because they are able to contrast its competitors on a relative basis.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Lenovo competition on your existing holdings. Additionally, see Lenovo Correlation with its peers.
Lenovo Competition
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Lenovo Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Lenovo and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Lenovo and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Lenovo Group does not affect the price movement of the other competitor.
0.74 0.88 -0.62 -0.69 -0.23 0.26 -0.7 -0.32 0.17
0.74 0.65 -0.52 -0.55 -0.08 -0.08 -0.83 -0.1 0.07
0.88 0.65 -0.74 -0.77 -0.35 0.34 -0.75 -0.35 0.05
-0.69 -0.55 -0.77 0.81 0.48 0.04 0.8 0.18 -0.12
-0.23 -0.08 -0.35 0.47 0.48 0.03 0.35 0.0 -0.04
0.26 -0.08 0.34 0.09 0.04 0.03 0.17 -0.1 0.12
-0.7 -0.83 -0.75 0.72 0.8 0.35 0.17 0.06 -0.08
-0.32 -0.1 -0.35 0.33 0.18 0.0 -0.1 0.06 0.67
0.17 0.07 0.05 0.05 -0.12 -0.04 0.12 -0.08 0.67
Lenovo Competition Risk-Adjusted Indicators
Nowadays, there is a big difference between Lenovo stock performing well and Lenovo company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Lenovo's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Lenovo Competitive Analysis
The better you understand Lenovo competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Lenovo's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Lenovo's competition over several years is one of the best ways to analyze its investment potential.
Lenovo Competition Performance Charts
Complement your Lenovo position
Additionally, see Lenovo Correlation with its peers. Note that the Lenovo Group information on this page should be used as a complementary analysis to other Lenovo'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 Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.