Intuit Correlations

ITU Stock

EUR 609.00 5.30 0.88%

The current 90-days correlation between Intuit Inc and Synopsys is 0.18 (i.e., Average 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.

Intuit Correlation With Market

Significant diversification

The correlation between Intuit Inc and DJI is 0.09 (i.e., Significant 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

0.76	5AP	Palo Alto Networks	Pair Corr
0.75	SYP	Synopsys Earnings Call This Week	Pair Corr
0.78	CDS	Cadence Design Systems	Pair Corr
0.81	FO8	Fortinet	Pair Corr
0.74	AUD	Autodesk	Pair Corr
0.78	AKX	ANSYS Inc	Pair Corr
0.8	096	HubSpot	Pair Corr
0.65	CYL	CryoLife	Pair Corr
0.65	CYL	CRYOLIFE	Pair Corr

Moving against Intuit Stock

0.47	DSY	Dassault Systèmes	Pair Corr
0.45	EII	Eisai Co	Pair Corr

Related Correlations Analysis

	SYP	8SP	6NM	39O1	2DG	TM9	TLX	INVN	NOH1	INL
SYP		-0.82	-0.24	-0.07	-0.82	-0.21	0.15	0.86	0.67	0.87	SYP
8SP	-0.82		0.55	0.29	0.78	0.33	0.06	-0.77	-0.54	-0.73	8SP
6NM	-0.24	0.55		0.46	0.21	0.13	0.39	-0.16	-0.11	-0.28	6NM
39O1	-0.07	0.29	0.46		0.15	0.41	-0.22	-0.01	0.32	0.1	39O1
2DG	-0.82	0.78	0.21	0.15		0.24	-0.17	-0.86	-0.7	-0.79	2DG
TM9	-0.21	0.33	0.13	0.41	0.24		-0.21	-0.19	0.21	0.02	TM9
TLX	0.15	0.06	0.39	-0.22	-0.17	-0.21		0.19	-0.11	-0.05	TLX
INVN	0.86	-0.77	-0.16	-0.01	-0.86	-0.19	0.19		0.73	0.78	INVN
NOH1	0.67	-0.54	-0.11	0.32	-0.7	0.21	-0.11	0.73		0.82	NOH1
INL	0.87	-0.73	-0.28	0.1	-0.79	0.02	-0.05	0.78	0.82		INL
	SYP	8SP	6NM	39O1	2DG	TM9	TLX	INVN	NOH1	INL

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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

INL	+ 0.87	SYP
INVN	+ 0.86	SYP
INL	+ 0.82	NOH1
2DG	+ 0.78	8SP
INL	+ 0.78	INVN
NOH1	+ 0.73	INVN

High negative correlations

INVN	- 0.86	2DG
2DG	- 0.82	SYP
8SP	- 0.82	SYP
INL	- 0.79	2DG
INVN	- 0.77	8SP
INL	- 0.73	8SP

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
SYP	1.56	0.01	0.04	0.13	1.96	(1.74)	4.03	(2.70)	9.72
8SP	2.08	(0.07)	0.00	0.44	0.00	0.00	3.36	(4.74)	20.22
6NM	1.25	(0.01)	(0.02)	0.11	1.71	(1.42)	2.89	(2.69)	9.64
39O1	3.53	0.07	(0.01)	2.06	3.53	(4.94)	8.41	(5.47)	24.06
2DG	4.42	(1.04)	0.00	(0.43)	0.00	0.00	9.09	(8.57)	52.42
TM9	2.78	0.06	0.00	0.03	0.00	0.00	5.56	(6.43)	36.50
TLX	0.94	(0.04)	(0.09)	0.05	1.13	(1.07)	2.67	(1.64)	7.58
INVN	2.10	0.09	0.04	0.21	2.41	(2.48)	5.59	(4.25)	14.01
NOH1	2.12	0.21	0.05	1.08	1.94	(2.74)	6.61	(3.38)	12.96
INL	2.44	0.18	0.07	0.31	2.38	(3.09)	6.80	(3.69)	13.89

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.

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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

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