Intuit Correlations

ITU Stock

EUR 648.70 1.40 0.22%

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.

Intuit Correlation With Market

Good diversification

The correlation between Intuit Inc and DJI is -0.18 (i.e., Good 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.

The ability to find closely correlated positions to Intuit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intuit when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Intuit - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Intuit Inc to buy it.

Moving together with Intuit Stock

0.74	AUD	Autodesk	Pair Corr
0.67	BBZA	BB Biotech AG Earnings Call This Week	Pair Corr
0.7	BBZA	BB Biotech AG Earnings Call This Week	Pair Corr
0.61	E908	Lyxor 1	Pair Corr

Moving against Intuit Stock

0.68	3HB	HYBRIGENICS A	Pair Corr
0.59	DBPD	Xtrackers ShortDAX	Pair Corr
0.54	DSY	Dassault Systèmes Earnings Call This Week	Pair Corr
0.38	096	HubSpot	Pair Corr

Related Correlations Analysis

	5AP	096	94P	2DG	IUI1	6HW	CZX	RS6	3RKU	VUSA
5AP		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	5AP
096	0.0		-0.42	0.26	0.78	-0.11	-0.06	-0.38	-0.79	-0.28	096
94P	0.0	-0.42		0.18	-0.12	0.56	0.55	0.79	0.63	0.78	94P
2DG	0.0	0.26	0.18		0.4	-0.14	0.56	0.43	0.16	0.54	2DG
IUI1	0.0	0.78	-0.12	0.4		0.14	0.43	-0.12	-0.47	0.09	IUI1
6HW	0.0	-0.11	0.56	-0.14	0.14		0.34	0.33	0.15	0.29	6HW
CZX	0.0	-0.06	0.55	0.56	0.43	0.34		0.6	0.41	0.76	CZX
RS6	0.0	-0.38	0.79	0.43	-0.12	0.33	0.6		0.72	0.91	RS6
3RKU	0.0	-0.79	0.63	0.16	-0.47	0.15	0.41	0.72		0.68	3RKU
VUSA	0.0	-0.28	0.78	0.54	0.09	0.29	0.76	0.91	0.68		VUSA
	5AP	096	94P	2DG	IUI1	6HW	CZX	RS6	3RKU	VUSA

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VUSA	+ 0.91	RS6
RS6	+ 0.79	94P
IUI1	+ 0.78	096
VUSA	+ 0.78	94P
VUSA	+ 0.76	CZX
3RKU	+ 0.72	RS6

High negative correlations

3RKU	- 0.79	096
3RKU	- 0.47	IUI1
94P	- 0.42	096
RS6	- 0.38	096
VUSA	- 0.28	096
6HW	- 0.14	2DG

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
5AP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
096	2.08	(0.12)	0.00	(0.16)	0.00	0.00	5.25	(4.06)	18.82
94P	1.29	0.14	0.03	0.49	1.48	(1.65)	3.01	(2.63)	10.45
2DG	3.58	0.34	0.08	0.41	3.10	(6.77)	9.68	(5.71)	20.87
IUI1	1.19	0.13	0.01	1.19	1.33	(1.36)	2.92	(1.94)	9.48
6HW	0.63	0.10	(0.01)	1.14	0.65	(1.29)	2.46	(1.79)	5.60
CZX	0.58	0.16	0.03	(4.83)	0.34	(0.96)	1.69	(0.58)	4.92
RS6	1.10	0.31	0.14	(5.28)	0.86	(1.28)	2.81	(1.99)	7.01
3RKU	1.72	0.46	0.15	(46.24)	1.68	(2.22)	4.11	(3.40)	11.00
VUSA	0.78	0.26	0.17	(16.35)	0.39	(0.93)	2.65	(1.25)	6.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in Intuit without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Equity Valuation Now

Equity Valuation

Check real value of public entities based on technical and fundamental data

All Next

Launch Module

Intuit Corporate Management

Elected by the shareholders, the Intuit's board of directors comprises two types of representatives: Intuit inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Intuit. The board's role is to monitor Intuit's management team and ensure that shareholders' interests are well served. Intuit's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Intuit's outside directors are responsible for providing unbiased perspectives on the board's policies.

Lauren Hotz	SVP Officer	Profile
Kerry McLean	Gen VP	Profile
James Chriss	Exec Group	Profile
Sheldon Cummings	Strategy, Sales	Profile
Laura Fennell	Ex 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

2025 Macroaxis LLC