Intuitive Surgical Correlations

ISRG Stock

USD 547.87 2.75 0.50%

The current 90-days correlation between Intuitive Surgical and ResMed Inc is 0.19 (i.e., Average diversification). The correlation of Intuitive Surgical 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.

Intuitive Surgical Correlation With Market

Modest diversification

The correlation between Intuitive Surgical and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intuitive Surgical 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 Intuitive Surgical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more detail on how to invest in Intuitive Stock please use our How to Invest in Intuitive Surgical guide.

Moving together with Intuitive Stock

0.71	DOCS	Doximity	Pair Corr
0.75	FOXO	FOXO Technologies	Pair Corr
0.65	VMD	Viemed Healthcare	Pair Corr
0.67	ITGR	Integer Holdings Corp	Pair Corr
0.72	MMSI	Merit Medical Systems	Pair Corr
0.8	NXGL	Nexgel Inc	Pair Corr
0.68	OMIC	Singular Genomics Systems	Pair Corr
0.69	CRVL	CorVel Corp Normal Trading	Pair Corr
0.61	EWTX	Edgewise Therapeutics	Pair Corr
0.86	EXEL	Exelixis	Pair Corr
0.78	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr

Moving against Intuitive Stock

0.89	EVH	Evolent Health	Pair Corr
0.86	AGL	agilon health	Pair Corr
0.78	AMN	AMN Healthcare Services	Pair Corr
0.74	PHG	Koninklijke Philips	Pair Corr
0.62	FORA	Forian Inc	Pair Corr
0.55	FIGS	Figs Inc	Pair Corr
0.49	CVS	CVS Health Corp Aggressive Push	Pair Corr
0.41	IVP	Inspire Veterinary	Pair Corr
0.84	ME	23Andme Holding	Pair Corr
0.71	A	Agilent Technologies Earnings Call Today	Pair Corr
0.67	VALN	Valneva SE ADR	Pair Corr
0.63	ADUS	Addus HomeCare	Pair Corr
0.53	ATPC	Agape ATP	Pair Corr
0.51	DOMH	Dominari Holdings	Pair Corr
0.48	CYRX	Cryoport	Pair Corr
0.4	BACK	IMAC Holdings	Pair Corr
0.85	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.81	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.8	LLY	Eli Lilly Sell-off Trend	Pair Corr
0.78	HLN	Haleon plc	Pair Corr
0.75	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.54	EXAS	EXACT Sciences Sell-off Trend	Pair Corr

Related Correlations Analysis

	RGEN	RMD	MMSI	ICUI	BNGO	LUCY	STXS	NXGL	EMBC	BAX
RGEN		0.03	-0.17	-0.15	0.44	-0.23	0.43	-0.13	0.31	0.35	RGEN
RMD	0.03		0.33	0.11	-0.14	0.07	-0.09	0.14	0.57	0.28	RMD
MMSI	-0.17	0.33		0.06	-0.66	0.32	-0.16	0.53	0.29	-0.52	MMSI
ICUI	-0.15	0.11	0.06		-0.28	0.69	-0.7	-0.12	-0.23	0.02	ICUI
BNGO	0.44	-0.14	-0.66	-0.28		-0.31	0.54	-0.74	0.18	0.75	BNGO
LUCY	-0.23	0.07	0.32	0.69	-0.31		-0.67	-0.19	-0.17	-0.05	LUCY
STXS	0.43	-0.09	-0.16	-0.7	0.54	-0.67		-0.05	0.42	0.21	STXS
NXGL	-0.13	0.14	0.53	-0.12	-0.74	-0.19	-0.05		0.02	-0.69	NXGL
EMBC	0.31	0.57	0.29	-0.23	0.18	-0.17	0.42	0.02		0.34	EMBC
BAX	0.35	0.28	-0.52	0.02	0.75	-0.05	0.21	-0.69	0.34		BAX
	RGEN	RMD	MMSI	ICUI	BNGO	LUCY	STXS	NXGL	EMBC	BAX

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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

BAX	+ 0.75	BNGO
LUCY	+ 0.69	ICUI
EMBC	+ 0.57	RMD
STXS	+ 0.54	BNGO
NXGL	+ 0.53	MMSI
BNGO	+ 0.44	RGEN

High negative correlations

NXGL	- 0.74	BNGO
STXS	- 0.7	ICUI
BAX	- 0.69	NXGL
STXS	- 0.67	LUCY
BNGO	- 0.66	MMSI
BAX	- 0.52	MMSI

Risk-Adjusted Indicators

There is a big difference between Intuitive Stock performing well and Intuitive Surgical 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 Intuitive Surgical'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
RGEN	2.29	(0.13)	0.00	(0.02)	0.00	0.00	4.60	(4.70)	18.94
RMD	1.17	0.12	0.01	0.66	1.55	(1.18)	2.08	(2.59)	12.38
MMSI	0.88	0.13	0.08	0.37	0.71	(0.96)	2.11	(1.23)	6.42
ICUI	1.21	(0.05)	(0.02)	0.08	1.31	(1.31)	2.87	(2.38)	7.25
BNGO	3.86	(1.49)	0.00	(0.47)	0.00	0.00	7.69	(7.14)	24.71
LUCY	7.12	1.14	0.20	0.68	5.84	(9.43)	25.00	(10.45)	69.90
STXS	2.41	(0.15)	0.00	(0.14)	0.00	0.00	3.70	(5.64)	27.16
NXGL	3.25	0.26	0.07	0.43	3.29	(4.06)	8.02	(5.92)	28.75
EMBC	2.28	(0.09)	0.00	0.07	3.11	(2.16)	5.48	(6.00)	15.60
BAX	1.17	(0.19)	0.00	(0.25)	0.00	0.00	3.32	(2.79)	7.66

Intuitive Surgical Corporate Management

David Rosa	Chief Commercial Officer and Executive VP	Profile
Jamie Samath	Principal Accounting Officer, VP and Corporate Controller	Profile
Gary JD	General VP	Profile
Mark Brosius	Senior Officer	Profile
Ian Purdy	Senior Assurance	Profile
Julian Nikolchev	Sr Strategy	Profile
Gillian EdD	Senior ServicesWorldwide	Profile

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