Intuit Correlations

INTU Stock

USD 641.79 3.13 0.49%

The current 90-days correlation between Intuit Inc and Snowflake is 0.25 (i.e., Modest 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

Average diversification

The correlation between Intuit Inc and DJI is 0.19 (i.e., Average 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 main economic indicators.

Moving together with Intuit Stock

0.79	MSTR	MicroStrategy Incorporated	Pair Corr
0.69	BKRKF	PT Bank Rakyat	Pair Corr
0.62	PTAIF	PT Astra International	Pair Corr

Moving against Intuit Stock

0.83	PTAIY	Astra International Tbk	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.71	PBNAF	Pembina Pipeline	Pair Corr
0.69	BMEZ	BlackRock Health Sciences	Pair Corr
0.63	FARO	FARO Technologies	Pair Corr
0.62	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.58	HWH	HWH International	Pair Corr
0.56	WAFU	Wah Fu Education	Pair Corr
0.51	PTBRY	Bank Negara Indonesia	Pair Corr
0.42	PYTCF	Playtech plc	Pair Corr
0.35	BKRKY	Bank Rakyat	Pair Corr
0.32	SSNLF	Samsung Electronics	Pair Corr
0.31	SSVFF	Southern Silver Expl	Pair Corr

Related Correlations Analysis

	ADSK	ZM	SNOW	NOW	WDAY	AI	SHOP	CRM	TEAM
ADSK		0.79	0.75	0.33	0.53	-0.37	0.45	-0.11	-0.22	ADSK
ZM	0.79		0.63	0.18	0.38	-0.55	0.48	-0.19	-0.33	ZM
SNOW	0.75	0.63		0.44	0.56	-0.11	0.33	0.1	-0.16	SNOW
NOW	0.33	0.18	0.44		0.55	0.6	-0.51	0.78	0.71	NOW
WDAY	0.53	0.38	0.56	0.55		0.14	0.07	0.35	0.1	WDAY
AI	-0.37	-0.55	-0.11	0.6	0.14		-0.72	0.74	0.77	AI
SHOP	0.45	0.48	0.33	-0.51	0.07	-0.72		-0.75	-0.85	SHOP
CRM	-0.11	-0.19	0.1	0.78	0.35	0.74	-0.75		0.88	CRM
TEAM	-0.22	-0.33	-0.16	0.71	0.1	0.77	-0.85	0.88		TEAM
	ADSK	ZM	SNOW	NOW	WDAY	AI	SHOP	CRM	TEAM

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

TEAM	+ 0.88	CRM
ZM	+ 0.79	ADSK
CRM	+ 0.78	NOW
TEAM	+ 0.77	AI
SNOW	+ 0.75	ADSK
CRM	+ 0.74	AI

High negative correlations

TEAM	- 0.85	SHOP
CRM	- 0.75	SHOP
SHOP	- 0.72	AI
AI	- 0.55	ZM
SHOP	- 0.51	NOW
AI	- 0.37	ADSK

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	1.28	(0.02)	(0.02)	0.03	1.83	(1.31)	2.00	(2.08)	11.94
ZM	1.42	0.01	0.03	0.06	1.62	(1.54)	2.73	(3.01)	15.83
SNOW	1.99	0.18	0.07	0.24	2.33	(2.21)	3.77	(3.37)	24.62
NOW	1.47	(0.19)	0.00	(0.17)	0.00	0.00	2.79	(3.05)	8.34
WDAY	1.48	(0.06)	(0.03)	0.00	2.03	(1.45)	3.06	(3.54)	10.79
AI	2.66	(0.64)	0.00	(0.14)	0.00	0.00	5.04	(5.08)	29.73
SHOP	2.30	0.48	0.27	0.28	1.71	(2.95)	5.63	(3.61)	26.54
CRM	1.37	(0.20)	0.00	(0.14)	0.00	0.00	2.32	(3.30)	8.74
TEAM	1.95	(0.70)	0.00	(0.27)	0.00	0.00	3.77	(6.34)	11.94

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

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