Intuit Correlations

INTU Stock

USD 752.63 2.74 0.36%

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

Very weak diversification

The correlation between Intuit Inc and DJI is 0.46 (i.e., Very weak 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 estimate.

Moving together with Intuit Stock

0.66	U	Unity Software Aggressive Push	Pair Corr
0.64	DJCO	Daily Journal Corp	Pair Corr
0.82	AI	C3 Ai Inc	Pair Corr
0.9	BL	Blackline	Pair Corr
0.91	DT	Dynatrace Holdings LLC	Pair Corr
0.81	DV	DoubleVerify Holdings	Pair Corr
0.84	EB	Eventbrite Class A	Pair Corr
0.96	DOMO	Domo Inc Upward Rally	Pair Corr
0.86	VERB	Verb Technology	Pair Corr
0.75	DUOT	Duos Technologies	Pair Corr
0.89	VTEX	VTEX Downward Rally	Pair Corr
0.89	EGAN	eGain	Pair Corr
0.97	ETWO	E2open Parent Holdings	Pair Corr
0.87	API	Agora Inc	Pair Corr
0.78	APP	Applovin Corp	Pair Corr

Moving against Intuit Stock

0.5	QH	Quhuo Tech Boost	Pair Corr
0.47	VERX	Vertex	Pair Corr
0.42	WK	Workiva	Pair Corr
0.32	VBIX	Viewbix Common Stock	Pair Corr
0.87	WETO	Webus International Tech Boost	Pair Corr
0.84	VMEO	Vimeo Inc	Pair Corr
0.71	EXFY	Expensify	Pair Corr
0.67	WALDW	Waldencast Acquisition	Pair Corr
0.6	EPWK	EPWK Holdings	Pair Corr
0.59	FICO	Fair Isaac	Pair Corr
0.38	WALD	Waldencast Acquisition	Pair Corr
0.78	FRGT	Freight Technologies	Pair Corr
0.48	HKD	AMTD Digital Earnings Call This Week	Pair Corr

Related Correlations Analysis

	AGGG	CXAI	IONI	LIF	RBTI	RCMH	SLLN	TTCM
AGGG		0.0	0.0	0.0	1.0	1.0	0.0	1.0	AGGG
CXAI	0.0		-0.41	-0.52	0.0	0.0	0.0	0.0	CXAI
IONI	0.0	-0.41		0.57	0.0	0.0	0.0	0.0	IONI
LIF	0.0	-0.52	0.57		0.0	0.0	0.0	0.0	LIF
RBTI	1.0	0.0	0.0	0.0		1.0	0.0	1.0	RBTI
RCMH	1.0	0.0	0.0	0.0	1.0		0.0	1.0	RCMH
SLLN	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SLLN
TTCM	1.0	0.0	0.0	0.0	1.0	1.0	0.0		TTCM
	AGGG	CXAI	IONI	LIF	RBTI	RCMH	SLLN	TTCM

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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

RBTI	+ 1.0	AGGG
RCMH	+ 1.0	AGGG
TTCM	+ 1.0	AGGG
RCMH	+ 1.0	RBTI
TTCM	+ 1.0	RBTI
TTCM	+ 1.0	RCMH

High negative correlations

LIF	- 0.52	CXAI
IONI	- 0.41	CXAI
TTCM	- 0.0	SLLN
SLLN	- 0.0	RCMH
SLLN	- 0.0	RBTI
TTCM	- 0.0	LIF

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
AGGG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CXAI	3.54	(0.40)	0.00	(0.01)	0.00	0.00	6.67	(5.41)	39.09
IONI	8.98	2.94	0.25	(6.11)	8.48	(11.32)	21.62	(15.56)	51.04
LIF	2.00	1.02	0.48	1.16	1.08	(2.36)	5.04	(3.22)	24.26
RBTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RCMH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SLLN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TTCM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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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