Intuitive Surgical (Brazil) Market Value
| I1SR34 Stock | BRL 160.80 3.68 2.34% |
| Symbol | Intuitive |
Intuitive Surgical 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Intuitive Surgical's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Intuitive Surgical.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Intuitive Surgical on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Intuitive Surgical or generate 0.0% return on investment in Intuitive Surgical over 720 days. Intuitive Surgical is related to or competes with Bank of America, Waste Management, Ross Stores, Prudential Financial, HDFC Bank, Bread Financial, and GP Investments. Intuitive Surgical, Inc., together with its subsidiaries, designs, develops, manufactures, and markets da Vinci surgical... More
Intuitive Surgical Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Intuitive Surgical's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Intuitive Surgical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.1066 | |||
| Maximum Drawdown | 12.4 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 3.26 |
Intuitive Surgical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intuitive Surgical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intuitive Surgical's standard deviation. In reality, there are many statistical measures that can use Intuitive Surgical historical prices to predict the future Intuitive Surgical's volatility.| Risk Adjusted Performance | 0.1398 | |||
| Jensen Alpha | 0.3252 | |||
| Total Risk Alpha | 0.0346 | |||
| Sortino Ratio | 0.1547 | |||
| Treynor Ratio | (2.52) |
Intuitive Surgical Backtested Returns
Intuitive Surgical appears to be very steady, given 3 months investment horizon. Intuitive Surgical holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Intuitive Surgical, which you can use to evaluate the volatility of the firm. Please utilize Intuitive Surgical's Market Risk Adjusted Performance of (2.51), downside deviation of 1.26, and Risk Adjusted Performance of 0.1398 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Intuitive Surgical holds a performance score of 10. The company retains a Market Volatility (i.e., Beta) of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Intuitive Surgical are expected to decrease at a much lower rate. During the bear market, Intuitive Surgical is likely to outperform the market. Please check Intuitive Surgical's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to make a quick decision on whether Intuitive Surgical's current trending patterns will revert.
Auto-correlation | 0.38 |
Below average predictability
Intuitive Surgical has below average predictability. Overlapping area represents the amount of predictability between Intuitive Surgical time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Intuitive Surgical price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Intuitive Surgical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 478.28 |
Intuitive Surgical lagged returns against current returns
Autocorrelation, which is Intuitive Surgical stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Intuitive Surgical's stock expected returns. We can calculate the autocorrelation of Intuitive Surgical returns to help us make a trade decision. For example, suppose you find that Intuitive Surgical has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Intuitive Surgical regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Intuitive Surgical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intuitive Surgical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intuitive Surgical stock over time.
Current vs Lagged Prices |
| Timeline |
Intuitive Surgical Lagged Returns
When evaluating Intuitive Surgical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intuitive Surgical stock have on its future price. Intuitive Surgical autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Intuitive Surgical autocorrelation shows the relationship between Intuitive Surgical stock current value and its past values and can show if there is a momentum factor associated with investing in Intuitive Surgical.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Intuitive Stock
When determining whether Intuitive Surgical is a strong investment it is important to analyze Intuitive Surgical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Intuitive Surgical's future performance. For an informed investment choice regarding Intuitive Stock, refer to the following important reports:Check out Intuitive Surgical Correlation, Intuitive Surgical Volatility and Intuitive Surgical Alpha and Beta module to complement your research on Intuitive Surgical. For information on how to trade Intuitive Stock refer to our How to Trade Intuitive Stock guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Intuitive Surgical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.