Intuit Correlations

INTU Stock

USD 640.12 38.58 5.68%

The current 90-days correlation between Intuit Inc and ServiceNow is 0.37 (i.e., 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.

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 estimate.

Moving together with Intuit Stock

0.77	DJCO	Daily Journal Corp	Pair Corr
0.65	DV	DoubleVerify Holdings	Pair Corr
0.69	EB	Eventbrite Class A	Pair Corr
0.78	ML	MoneyLion	Pair Corr
0.67	WK	Workiva	Pair Corr
0.65	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.67	DTRK	DATATRAK International	Pair Corr
0.78	VMEO	Vimeo Inc	Pair Corr
0.67	EGHT	8x8 Common Stock	Pair Corr
0.65	WDAY	Workday Earnings Call Tomorrow	Pair Corr

Moving against Intuit Stock

0.5	VTEX	VTEX	Pair Corr
0.43	XELAP	Exela Technologies Earnings Call This Week	Pair Corr
0.43	BMR	Beamr Imaging	Pair Corr

Related Correlations Analysis

	ADSK	ZM	SNOW	NOW	WDAY	AI	SHOP	CRM	TEAM
ADSK		0.87	0.71	0.95	0.22	0.83	0.84	0.96	0.93	ADSK
ZM	0.87		0.68	0.84	0.5	0.74	0.81	0.89	0.94	ZM
SNOW	0.71	0.68		0.69	0.44	0.9	0.75	0.71	0.73	SNOW
NOW	0.95	0.84	0.69		0.24	0.79	0.86	0.93	0.91	NOW
WDAY	0.22	0.5	0.44	0.24		0.29	0.45	0.25	0.44	WDAY
AI	0.83	0.74	0.9	0.79	0.29		0.77	0.82	0.81	AI
SHOP	0.84	0.81	0.75	0.86	0.45	0.77		0.9	0.85	SHOP
CRM	0.96	0.89	0.71	0.93	0.25	0.82	0.9		0.92	CRM
TEAM	0.93	0.94	0.73	0.91	0.44	0.81	0.85	0.92		TEAM
	ADSK	ZM	SNOW	NOW	WDAY	AI	SHOP	CRM	TEAM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
ADSK	1.01	0.23	0.20	0.31	0.86	(1.13)	2.46	(1.74)	6.06
ZM	1.37	0.24	0.14	0.36	1.34	(1.50)	2.97	(2.72)	7.89
SNOW	2.09	0.40	0.24	0.32	1.62	(2.32)	4.20	(3.40)	8.92
NOW	1.34	0.26	0.19	0.36	1.17	(1.64)	3.04	(2.24)	8.12
WDAY	1.36	0.10	0.08	0.21	1.30	(1.55)	2.97	(1.91)	16.94
AI	2.52	0.51	0.21	0.39	2.23	(2.79)	6.94	(5.04)	26.01
SHOP	1.97	0.45	0.23	0.51	1.64	(2.35)	4.91	(2.68)	26.26
CRM	1.28	0.29	0.25	0.37	0.90	(1.52)	3.18	(1.91)	9.09
TEAM	2.01	0.64	0.42	0.55	1.16	(2.75)	3.90	(2.40)	22.97

Intuit Corporate Management

James Chriss	Exec Group	Profile
Sandeep Aujla	Executive Organization	Profile
Anton Hanebrink	Executive Officer	Profile
Sheldon Cummings	Strategy, Sales	Profile
Lauren Hotz	Senior Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC