Intuitive Surgical Correlations

IUI1 Stock

EUR 511.50 0.10 0.02%

The current 90-days correlation between Intuitive Surgical and The Hanover Insurance is 0.07 (i.e., Significant diversification). The correlation of Intuitive Surgical 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.

Intuitive Surgical Correlation With Market

Good diversification

The correlation between Intuitive Surgical and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intuitive Surgical and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Intuitive Surgical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intuitive Surgical 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 Intuitive Surgical - 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 Intuitive Surgical to buy it.

Moving together with Intuitive Stock

0.93	ESLC	ESSILORLUXOTTICA 12ON	Pair Corr
0.93	ESL	EssilorLuxottica Socit	Pair Corr
0.69	RMEA	Resmed Inc DRC	Pair Corr
0.74	RME	ResMed Inc	Pair Corr
0.8	APC	Apple Inc	Pair Corr
0.8	APC	Apple Inc	Pair Corr
0.79	APC	Apple Inc	Pair Corr
0.79	APC	Apple Inc	Pair Corr
0.78	APC	Apple Inc	Pair Corr
0.78	APC	Apple Inc	Pair Corr
0.75	MSF	Microsoft	Pair Corr
0.72	MSF	Microsoft	Pair Corr
0.74	MSF	Microsoft	Pair Corr
0.71	MSF	Microsoft	Pair Corr
0.67	SIX2	Sixt SE	Pair Corr

Moving against Intuitive Stock

0.64	SRT3	Sartorius Aktiengesellscha	Pair Corr
0.41	SRT4	SARTORIUS AG UNSPADR	Pair Corr
0.32	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	5UI	AF4	EEW	AVLA	UUEC	UR3	2OX	4JP
5UI		0.64	0.69	0.73	0.64	0.35	0.58	0.74	5UI
AF4	0.64		0.46	0.93	0.74	0.83	0.93	0.62	AF4
EEW	0.69	0.46		0.59	0.53	0.14	0.41	0.87	EEW
AVLA	0.73	0.93	0.59		0.72	0.78	0.92	0.71	AVLA
UUEC	0.64	0.74	0.53	0.72		0.57	0.69	0.59	UUEC
UR3	0.35	0.83	0.14	0.78	0.57		0.83	0.25	UR3
2OX	0.58	0.93	0.41	0.92	0.69	0.83		0.53	2OX
4JP	0.74	0.62	0.87	0.71	0.59	0.25	0.53		4JP
	5UI	AF4	EEW	AVLA	UUEC	UR3	2OX	4JP

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Risk-Adjusted Indicators

There is a big difference between Intuitive Stock performing well and Intuitive Surgical 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 Intuitive Surgical'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
5UI	1.93	0.15	0.03	0.30	3.21	(2.14)	3.96	(3.31)	17.38
AF4	1.17	0.26	0.15	0.64	0.84	(1.68)	2.92	(1.94)	7.20
EEW	1.02	(0.01)	(0.05)	0.11	1.24	(1.51)	2.70	(2.63)	6.29
AVLA	1.24	0.03	0.07	0.14	1.27	(1.52)	3.05	(2.07)	8.41
UUEC	1.27	0.16	0.04	0.57	1.23	(1.71)	3.14	(2.39)	7.40
UR3	1.63	0.16	0.13	0.22	1.51	(1.89)	3.73	(2.80)	17.97
2OX	1.77	0.63	0.33	1.25	1.13	(2.11)	4.90	(2.78)	15.12
4JP	1.28	0.17	0.06	0.46	1.27	(1.75)	2.72	(2.35)	10.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Intuitive Surgical 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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Intuitive Surgical Corporate Management

Elected by the shareholders, the Intuitive Surgical's board of directors comprises two types of representatives: Intuitive Surgical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Intuitive. The board's role is to monitor Intuitive Surgical's management team and ensure that shareholders' interests are well served. Intuitive Surgical'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, Intuitive Surgical's outside directors are responsible for providing unbiased perspectives on the board's policies.

David Rosa	Ex Officer	Profile
Gary Guthart	CEO Pres	Profile
Philip Kim	Head Relations	Profile
Julian Nikolchev	Sr Strategy	Profile
Jamie Samath	VP CFO	Profile
MD FACS	Ex Officer	Profile
Gary Loeb	G Officer	Profile

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