Intuit Correlations

INTU Stock

USD 629.46 32.96 4.98%

The current 90-days correlation between Intuit Inc and ServiceNow is 0.56 (i.e., Very weak diversification). The correlation of Intuit is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Intuit Correlation With Market

Weak diversification

The correlation between Intuit Inc and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intuit Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Intuit Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Intuit Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving against Intuit Stock

0.38	EC	Ecopetrol SA ADR	Pair Corr
0.33	DDOG	Datadog	Pair Corr

Related Correlations Analysis

	NOW	UBER	APP	AMAT	SHOP	APH	ANET	QCOM	LRCX	CRM
NOW		0.89	-0.26	-0.66	0.15	-0.35	0.8	-0.11	-0.62	-0.1	NOW
UBER	0.89		-0.3	-0.68	-0.02	-0.25	0.76	-0.15	-0.58	-0.25	UBER
APP	-0.26	-0.3		0.59	0.48	0.15	-0.04	0.55	0.61	0.6	APP
AMAT	-0.66	-0.68	0.59		0.31	0.58	-0.53	0.57	0.81	0.49	AMAT
SHOP	0.15	-0.02	0.48	0.31		0.25	0.46	0.62	0.48	0.7	SHOP
APH	-0.35	-0.25	0.15	0.58	0.25		-0.26	0.56	0.68	0.17	APH
ANET	0.8	0.76	-0.04	-0.53	0.46	-0.26		0.03	-0.31	0.18	ANET
QCOM	-0.11	-0.15	0.55	0.57	0.62	0.56	0.03		0.72	0.66	QCOM
LRCX	-0.62	-0.58	0.61	0.81	0.48	0.68	-0.31	0.72		0.62	LRCX
CRM	-0.1	-0.25	0.6	0.49	0.7	0.17	0.18	0.66	0.62		CRM
	NOW	UBER	APP	AMAT	SHOP	APH	ANET	QCOM	LRCX	CRM

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

UBER	+ 0.89	NOW
LRCX	+ 0.81	AMAT
ANET	+ 0.8	NOW
ANET	+ 0.76	UBER
LRCX	+ 0.72	QCOM
CRM	+ 0.7	SHOP

High negative correlations

AMAT	- 0.68	UBER
AMAT	- 0.66	NOW
LRCX	- 0.62	NOW
LRCX	- 0.58	UBER
ANET	- 0.53	AMAT
APH	- 0.35	NOW

Risk-Adjusted Indicators

There is a big difference between Intuit Stock performing well and Intuit Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Intuit's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NOW	1.36	(0.38)	0.00	(0.35)	0.00	0.00	2.08	(2.88)	15.48
UBER	1.45	(0.30)	0.00	(0.23)	0.00	0.00	2.60	(3.82)	10.51
APP	2.88	(0.22)	0.00	(0.14)	0.00	0.00	5.46	(6.46)	16.30
AMAT	2.11	0.35	0.13	0.26	2.36	(2.11)	4.62	(4.08)	12.50
SHOP	2.16	(0.02)	0.02	0.05	2.90	(2.16)	5.06	(5.90)	14.35
APH	1.57	0.13	0.06	0.17	2.09	(1.64)	3.61	(3.60)	12.03
ANET	2.13	(0.16)	0.00	(0.09)	0.00	0.00	4.04	(4.56)	16.86
QCOM	1.53	(0.03)	0.01	0.04	2.24	(1.45)	3.53	(3.93)	15.46
LRCX	2.57	0.40	0.15	0.22	2.89	(2.75)	5.95	(5.07)	13.48
CRM	1.51	0.06	0.03	0.13	1.97	(1.51)	3.66	(2.92)	9.91

Intuit Corporate Management

James Chriss	Exec Group	Profile
Sandeep Aujla	Executive Organization	Profile
Anton Hanebrink	Executive Officer	Profile
Laura JD	Executive Officer	Profile
Sheldon Cummings	Strategy, Sales	Profile
Ashley Still	Executive Group	Profile

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