Intuit (Germany) Market Value
| ITU Stock | EUR 623.60 10.30 1.62% |
| Symbol | Intuit |
Intuit 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Intuit's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Intuit.
| 09/22/2024 |
| 12/21/2024 |
If you would invest 0.00 in Intuit on September 22, 2024 and sell it all today you would earn a total of 0.00 from holding Intuit Inc or generate 0.0% return on investment in Intuit over 90 days. Intuit is related to or competes with Palo Alto, Synopsys, Cadence Design, Dassault Systmes, Autodesk, and ANSYS. Intuit Inc. provides financial management and compliance products and services for small businesses, consumers, self-emp... More
Intuit Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Intuit's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Intuit Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | 0.0456 | |||
| Maximum Drawdown | 13.61 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.42 |
Intuit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intuit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intuit's standard deviation. In reality, there are many statistical measures that can use Intuit historical prices to predict the future Intuit's volatility.| Risk Adjusted Performance | 0.0552 | |||
| Jensen Alpha | 0.0965 | |||
| Total Risk Alpha | 0.0564 | |||
| Sortino Ratio | 0.0449 | |||
| Treynor Ratio | 0.1718 |
Intuit Inc Backtested Returns
At this point, Intuit is very steady. Intuit Inc holds Efficiency (Sharpe) Ratio of 0.069, which attests that the entity had a 0.069% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Intuit Inc, which you can use to evaluate the volatility of the firm. Please check out Intuit's Downside Deviation of 1.97, risk adjusted performance of 0.0552, and Market Risk Adjusted Performance of 0.1818 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. Intuit has a performance score of 5 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.64, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Intuit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Intuit is expected to be smaller as well. Intuit Inc right now retains a risk of 1.95%. Please check out Intuit downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to decide if Intuit will be following its current trending patterns.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Intuit Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Intuit time series from 22nd of September 2024 to 6th of November 2024 and 6th of November 2024 to 21st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Intuit Inc price movement. The serial correlation of -0.18 indicates that over 18.0% of current Intuit price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 359.9 |
Intuit Inc lagged returns against current returns
Autocorrelation, which is Intuit stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Intuit's stock expected returns. We can calculate the autocorrelation of Intuit returns to help us make a trade decision. For example, suppose you find that Intuit has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Intuit regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Intuit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intuit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intuit stock over time.
Current vs Lagged Prices |
| Timeline |
Intuit Lagged Returns
When evaluating Intuit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intuit stock have on its future price. Intuit autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Intuit autocorrelation shows the relationship between Intuit stock current value and its past values and can show if there is a momentum factor associated with investing in Intuit Inc.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Intuit Stock
When determining whether Intuit Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Intuit Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Intuit Inc Stock. Highlighted below are key reports to facilitate an investment decision about Intuit Inc Stock:Check out Intuit Correlation, Intuit Volatility and Intuit Alpha and Beta module to complement your research on Intuit. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Intuit technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.