Intuit Inc Backtested Returns
We consider Intuit not too risky. Intuit Inc
holds Efficiency (Sharpe) Ratio of 0.1736 which attests that Intuit Inc
had 0.1736% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a stock is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Intuit Inc which you can use to evaluate future volatility of the corporation. Please check out Intuit Downside Deviation
of 0.7001, Market Risk Adjusted Performance
of (0.62) and Risk Adjusted Performance of 0.0489 to validate if risk estimate we provide are consistent with the epected return of 0.107%. Intuit has performance score of 11 on a scale of 0 to 100. The company retains Market Volatility (i.e. Beta) of -0.1586 which attests that as returns on market increase, returns on owning Intuit are expected to decrease at a much smaller rate. During bear market, Intuit is likely to outperform the market.. Although it is extremely important to respect Intuit Inc current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any stock is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By evaluating Intuit Inc technical indicators you can presently evaluate if the expected return of 0.107% will be sustainable into the future. Intuit Inc right now retains a risk of 0.6162%. Please check out Intuit Information Ratio and Downside Variance to decide if Intuit will be following its current trending patternss.
|15 days auto-correlation||(0.13) |
Insignificant reverse predictability
Intuit Inc has insignificant reverse predictability. Overlapping area represents the amount of predictability between Intuit time series from September 23, 2017 to October 8, 2017 and October 8, 2017 to October 23, 2017. 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 -0.13 indicates that less than 13.0% of current Intuit price fluctuation can be explain by its past prices. Given that Intuit Inc has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Intuit for similar time interval.
|Correlation Coefficient|| -0.13|
|Spearman Rank Test|| -0.45|
|Price Variance|| 1.96|
|Lagged Price Variance|| 1.27|
Intuit Lagged Returns