Intuitive Surgical (Brazil) Volatility
| I1SR34 Stock | BRL 163.52 1.60 0.97% |
Intuitive Surgical appears to be very steady, given 3 months investment horizon. Intuitive Surgical holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Intuitive Surgical, which you can use to evaluate the volatility of the firm. Please utilize Intuitive Surgical's Market Risk Adjusted Performance of (1.55), downside deviation of 1.25, and Risk Adjusted Performance of 0.1186 to validate if our risk estimates are consistent with your expectations. Key indicators related to Intuitive Surgical's volatility include:
30 Days Market Risk | Chance Of Distress | 30 Days Economic Sensitivity |
Intuitive Surgical Stock volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Intuitive daily returns, and it is calculated using variance and standard deviation. We also use Intuitive's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Intuitive Surgical volatility.
Intuitive |
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Intuitive Surgical can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game as hey may decide to buy additional stocks of Intuitive Surgical at lower prices to lower their average cost per share. Similarly, when the prices of Intuitive Surgical's stock rise, investors can sell out and invest the proceeds in other equities with better opportunities.
Moving together with Intuitive Stock
Moving against Intuitive Stock
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| 0.76 | ITUB3 | Ita Unibanco Holding | PairCorr |
| 0.73 | ITUB4 | Ita Unibanco Holding | PairCorr |
| 0.53 | B1AX34 | Baxter International | PairCorr |
Intuitive Surgical Market Sensitivity And Downside Risk
Intuitive Surgical's beta coefficient measures the volatility of Intuitive stock compared to the systematic risk of the entire market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Intuitive stock's returns against your selected market. In other words, Intuitive Surgical's beta of -0.16 provides an investor with an approximation of how much risk Intuitive Surgical stock can potentially add to one of your existing portfolios. Intuitive Surgical has relatively low volatility with skewness of 2.64 and kurtosis of 12.71. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Intuitive Surgical's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Intuitive Surgical's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.
3 Months Beta |Analyze Intuitive Surgical Demand TrendCheck current 90 days Intuitive Surgical correlation with market (Dow Jones Industrial)Intuitive Beta |
Intuitive standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. A typical volatile entity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.
Standard Deviation | 1.82 |
It is essential to understand the difference between upside risk (as represented by Intuitive Surgical's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Intuitive Surgical's daily returns or price. Since the actual investment returns on holding a position in intuitive stock tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Intuitive Surgical.
Intuitive Surgical Stock Volatility Analysis
Volatility refers to the frequency at which Intuitive Surgical stock price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Intuitive Surgical's price changes. Investors will then calculate the volatility of Intuitive Surgical's stock to predict their future moves. A stock that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A stock with relatively stable price changes has low volatility. A highly volatile stock is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Intuitive Surgical's volatility:
Historical Volatility
This type of stock volatility measures Intuitive Surgical's fluctuations based on previous trends. It's commonly used to predict Intuitive Surgical's future behavior based on its past. However, it cannot conclusively determine the future direction of the stock.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for Intuitive Surgical's current market price. This means that the stock will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Intuitive Surgical's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Intuitive Surgical Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Intuitive Surgical Projected Return Density Against Market
Assuming the 90 days trading horizon Intuitive Surgical has a beta of -0.1643 . This usually indicates as returns on the benchmark increase, returns on holding Intuitive Surgical are expected to decrease at a much lower rate. During a bear market, however, Intuitive Surgical is likely to outperform the market.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Intuitive Surgical or Healthcare sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Intuitive Surgical's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Intuitive stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
Intuitive Surgical has an alpha of 0.2737, implying that it can generate a 0.27 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
What Drives an Intuitive Surgical Price Volatility?
Several factors can influence a stock's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.Intuitive Surgical Stock Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of Intuitive Surgical is 547.89. The daily returns are distributed with a variance of 3.31 and standard deviation of 1.82. The mean deviation of Intuitive Surgical is currently at 1.2. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.76
α | Alpha over Dow Jones | 0.27 | |
β | Beta against Dow Jones | -0.16 | |
σ | Overall volatility | 1.82 | |
Ir | Information ratio | 0.09 |
Intuitive Surgical Stock Return Volatility
Intuitive Surgical historical daily return volatility represents how much of Intuitive Surgical stock's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The company accepts 1.8186% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7425% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About Intuitive Surgical Volatility
Volatility is a rate at which the price of Intuitive Surgical or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Intuitive Surgical may increase or decrease. In other words, similar to Intuitive's beta indicator, it measures the risk of Intuitive Surgical and helps estimate the fluctuations that may happen in a short period of time. So if prices of Intuitive Surgical fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.Intuitive Surgical, Inc., together with its subsidiaries, designs, develops, manufactures, and markets da Vinci surgical systems, and related instruments and accessories in the United States and internationally. Intuitive Surgical, Inc. was founded in 1995 and is headquartered in Sunnyvale, California. INTUITIVE SUDRN operates under Medical Instruments Supplies classification in Brazil and is traded on Sao Paolo Stock Exchange. It employs 8081 people.
Intuitive Surgical's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on Intuitive Stock over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much Intuitive Surgical's price varies over time.
3 ways to utilize Intuitive Surgical's volatility to invest better
Higher Intuitive Surgical's stock volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Intuitive Surgical stock is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Intuitive Surgical stock volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Intuitive Surgical investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in Intuitive Surgical's stock can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of Intuitive Surgical's stock relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
Intuitive Surgical Investment Opportunity
Intuitive Surgical has a volatility of 1.82 and is 2.46 times more volatile than Dow Jones Industrial. 16 percent of all equities and portfolios are less risky than Intuitive Surgical. You can use Intuitive Surgical to protect your portfolios against small market fluctuations. The stock experiences a moderate downward daily trend and can be a good diversifier. Check odds of Intuitive Surgical to be traded at R$160.25 in 90 days.Good diversification
The correlation between Intuitive Surgical and DJI is -0.07 (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.
Intuitive Surgical Additional Risk Indicators
The analysis of Intuitive Surgical's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Intuitive Surgical's investment and either accepting that risk or mitigating it. Along with some common measures of Intuitive Surgical stock's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.1186 | |||
| Market Risk Adjusted Performance | (1.55) | |||
| Mean Deviation | 1.19 | |||
| Semi Deviation | 0.8668 | |||
| Downside Deviation | 1.25 | |||
| Coefficient Of Variation | 676.52 | |||
| Standard Deviation | 1.8 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential stocks, we recommend comparing similar stocks with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Intuitive Surgical Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Intuitive Surgical as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Intuitive Surgical's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Intuitive Surgical's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Intuitive Surgical.
Complementary Tools for Intuitive Stock analysis
When running Intuitive Surgical's price analysis, check to measure Intuitive Surgical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Intuitive Surgical is operating at the current time. Most of Intuitive Surgical's value examination focuses on studying past and present price action to predict the probability of Intuitive Surgical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Intuitive Surgical's price. Additionally, you may evaluate how the addition of Intuitive Surgical to your portfolios can decrease your overall portfolio volatility.
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