Intuit Correlations

INTU Stock

USD 358.71 0.84 0.23%

The current 90-days correlation between Intuit Inc and ServiceNow is 0.63 (i.e., Poor 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

Excellent diversification

The correlation between Intuit Inc and DJI is -0.61 (i.e., Excellent 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 population.

Moving together with Intuit Stock

0.93	U	Unity Software	Pair Corr
0.64	BGE	Bridge Saas	Pair Corr
0.68	9NY	BYTES TECHGRP LS	Pair Corr
0.97	BL	Blackline Sell-off Trend	Pair Corr
0.95	DT	Dynatrace Holdings LLC	Pair Corr
0.8	DV	DoubleVerify Holdings Earnings Call This Week	Pair Corr
0.89	35U	PAR TECHNOLOGY DL Earnings Call Tomorrow	Pair Corr
0.94	MQ	Marqeta Earnings Call This Week	Pair Corr
0.95	PD	Pagerduty	Pair Corr
0.81	VS	Versus Systems	Pair Corr
0.95	WK	Workiva	Pair Corr
0.84	DMRC	Digimarc Earnings Call This Week	Pair Corr
0.88	RM	RM Plc	Pair Corr
0.92	2TY	PagerDuty	Pair Corr
0.98	DOCU	DocuSign	Pair Corr
0.87	DOMO	Domo Inc Buyout Trend	Pair Corr
0.86	1Q5	Dropbox	Pair Corr
0.88	VERI	Veritone	Pair Corr
0.92	VERX	Vertex Buyout Trend	Pair Corr
0.95	6NCA	NCINO INC DL	Pair Corr
0.92	DSGX	Descartes Systems	Pair Corr
0.92	LY0	Lyft Inc	Pair Corr
0.72	DTCX	Datacentrex Symbol Change	Pair Corr
0.78	0M5	Bill Holdings	Pair Corr

Moving against Intuit Stock

0.87	60Z	UNIFIEDPOST GRP SANV Earnings Call Tomorrow	Pair Corr
0.85	RNI	OXFORD METRICS LS	Pair Corr
0.8	JG	Aurora Mobile	Pair Corr
0.74	DSG	Dillistone Group PLC	Pair Corr
0.52	TRB	Tribal Group plc	Pair Corr
0.5	LUS1	Lang Schwarz Aktieng	Pair Corr
0.46	XV7	SERESCO 16	Pair Corr
0.43	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.79	89P	CLAVISTER HOLDING	Pair Corr
0.72	MKQ	Mitek Systems	Pair Corr

Related Correlations Analysis

	NOW	UBER	APP	AMAT	SHOP	APH	ANET	QCOM	LRCX	CRM
NOW		0.82	0.83	-0.88	0.84	-0.51	-0.55	0.89	-0.9	0.84	NOW
UBER	0.82		0.7	-0.66	0.73	-0.2	-0.47	0.75	-0.64	0.71	UBER
APP	0.83	0.7		-0.67	0.95	-0.36	-0.36	0.92	-0.64	0.95	APP
AMAT	-0.88	-0.66	-0.67		-0.69	0.74	0.63	-0.72	0.95	-0.7	AMAT
SHOP	0.84	0.73	0.95	-0.69		-0.35	-0.47	0.95	-0.65	0.95	SHOP
APH	-0.51	-0.2	-0.36	0.74	-0.35		0.55	-0.46	0.72	-0.41	APH
ANET	-0.55	-0.47	-0.36	0.63	-0.47	0.55		-0.49	0.66	-0.4	ANET
QCOM	0.89	0.75	0.92	-0.72	0.95	-0.46	-0.49		-0.7	0.96	QCOM
LRCX	-0.9	-0.64	-0.64	0.95	-0.65	0.72	0.66	-0.7		-0.64	LRCX
CRM	0.84	0.71	0.95	-0.7	0.95	-0.41	-0.4	0.96	-0.64		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

CRM	+ 0.96	QCOM
SHOP	+ 0.95	APP
CRM	+ 0.95	APP
LRCX	+ 0.95	AMAT
QCOM	+ 0.95	SHOP
CRM	+ 0.95	SHOP

High negative correlations

LRCX	- 0.9	NOW
AMAT	- 0.88	NOW
QCOM	- 0.72	AMAT
LRCX	- 0.7	QCOM
CRM	- 0.7	AMAT
SHOP	- 0.69	AMAT

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	2.17	(0.73)	0.00	(1.08)	0.00	0.00	2.69	(6.97)	13.48
UBER	1.61	(0.41)	0.00	(0.51)	0.00	0.00	2.46	(4.25)	11.09
APP	3.92	(0.47)	0.00	(0.14)	0.00	0.00	7.44	(9.09)	32.87
AMAT	2.27	0.67	0.24	0.48	2.43	(2.49)	5.75	(4.08)	13.55
SHOP	2.66	(0.40)	0.00	(0.12)	0.00	0.00	5.67	(7.07)	15.50
APH	2.14	0.15	0.04	0.23	3.45	(2.27)	5.09	(4.61)	19.08
ANET	2.32	(0.04)	0.00	0.07	2.94	(2.30)	5.27	(4.33)	15.27
QCOM	1.44	(0.32)	0.00	(0.12)	0.00	0.00	2.56	(3.56)	11.98
LRCX	2.58	0.69	0.24	0.45	2.73	(2.94)	7.00	(5.07)	17.49
CRM	1.74	(0.43)	0.00	(0.29)	0.00	0.00	3.22	(4.75)	12.37

Intuit Corporate Management

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

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