Intuitive Surgical (UK) Market Value
| 0R29 Stock | 543.79 5.32 0.99% |
| Symbol | Intuitive |
Intuitive Surgical '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 Intuitive Surgical'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 Intuitive Surgical.
| 12/17/2023 |
| 12/11/2024 |
If you would invest 0.00 in Intuitive Surgical on December 17, 2023 and sell it all today you would earn a total of 0.00 from holding Intuitive Surgical or generate 0.0% return on investment in Intuitive Surgical over 360 days. Intuitive Surgical is related to or competes with Concurrent Technologies, Made Tech, Molson Coors, STMicroelectronics, Sunny Optical, Symphony Environmental, and Darden Restaurants. Intuitive Surgical is entity of United Kingdom More
Intuitive Surgical 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 Intuitive Surgical'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 Intuitive Surgical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.0305 | |||
| Maximum Drawdown | 12.41 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.96 |
Intuitive Surgical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intuitive Surgical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intuitive Surgical's standard deviation. In reality, there are many statistical measures that can use Intuitive Surgical historical prices to predict the future Intuitive Surgical's volatility.| Risk Adjusted Performance | 0.0831 | |||
| Jensen Alpha | 0.2017 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0467 | |||
| Treynor Ratio | (0.49) |
Intuitive Surgical Backtested Returns
Currently, Intuitive Surgical is very steady. Intuitive Surgical holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% 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 check out Intuitive Surgical's Downside Deviation of 1.06, market risk adjusted performance of (0.48), and Risk Adjusted Performance of 0.0831 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. Intuitive Surgical has a performance score of 7 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.33, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Intuitive Surgical are expected to decrease at a much lower rate. During the bear market, Intuitive Surgical is likely to outperform the market. Intuitive Surgical right now retains a risk of 1.65%. Please check out Intuitive Surgical total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to decide if Intuitive Surgical will be following its current trending patterns.
Auto-correlation | 0.75 |
Good predictability
Intuitive Surgical has good predictability. Overlapping area represents the amount of predictability between Intuitive Surgical time series from 17th of December 2023 to 14th of June 2024 and 14th of June 2024 to 11th 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 Intuitive Surgical price movement. The serial correlation of 0.75 indicates that around 75.0% of current Intuitive Surgical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 1236.05 |
Intuitive Surgical lagged returns against current returns
Autocorrelation, which is Intuitive Surgical 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 Intuitive Surgical's stock expected returns. We can calculate the autocorrelation of Intuitive Surgical returns to help us make a trade decision. For example, suppose you find that Intuitive Surgical 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 |
Intuitive Surgical 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 Intuitive Surgical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intuitive Surgical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intuitive Surgical stock over time.
Current vs Lagged Prices |
| Timeline |
Intuitive Surgical Lagged Returns
When evaluating Intuitive Surgical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intuitive Surgical stock have on its future price. Intuitive Surgical 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, Intuitive Surgical autocorrelation shows the relationship between Intuitive Surgical stock current value and its past values and can show if there is a momentum factor associated with investing in Intuitive Surgical.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional 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.