Lenovo Group (HKSE:00992) Momentum Rank : 5 (As of Dec. 12, 2024)

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What is Lenovo Group Momentum Rank?

Lenovo Group has the Momentum Rank of 5.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Lenovo Group's Momentum Rank

For the Computer Hardware subindustry, Lenovo Group's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lenovo Group's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Lenovo Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lenovo Group's Momentum Rank falls into.

Lenovo Group Momentum Rank Related Terms

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Lenovo Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lenovo Group Ltd (HKSE:00992) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

LNVGY:USA LNVGF:USA LHL1:Germany LHL:Germany LHL:Germany LHL1:Germany LHL:Germany

Address

979 King\'s Road, 23rd Floor, Lincoln House, Taikoo Place, Quarry Bay, Hong Kong, HKG

Website

https://www.lenovo.com

Lenovo is a global technology hardware company with a leading market share in personal computers. Its operations are divided into three main business segments: PC and smart devices, mobile, and data center, which we expect to account for 60%, 13%, and 17% of sales in the midterm, respectively. The firm has been actively growing its data center business, which primarily sells network servers to enterprise and hyperscale customers, as well as storage equipment through its mainland China joint venture with NetApp. Server-related revenue contribution has jumped to 16% of overall sales in fiscal 2022, from 6% in 2015.

Executives

Blackrock, Inc.	2201 Interest of corporation controlled by you
Yang Yuanqing	2101 Beneficial owner
Right Lane Limited	2201 Interest of corporation controlled by you
Lian Xiang Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Jie You Xian Gong Si	2201 Interest of corporation controlled by you
The Goldman Sachs Group, Inc.	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2106 Person having a security interest in shares
Harvest Star Limited	2201 Interest of corporation controlled by you
Red Eagle Group (ptc) Limited	2201 Interest of corporation controlled by you
Union Star Limited	2101 Beneficial owner
Sureinvest Holdings Limited	2201 Interest of corporation controlled by you

Lenovo Group Headlines

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