Axos Financial Correlations

AX
 Stock
  

USD 46.62  0.17  0.37%   

The correlation of Axos Financial is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axos Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axos Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Axos Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axos Financial 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 Axos Financial - 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 Axos Financial to buy it.

Moving together with Axos Financial

0.93ABCBAmeris BancorpPairCorr
0.97ABTXAllegiance Banc CSPairCorr
0.72ACNBAcnb CorpPairCorr
0.94AMALAmalgamated FinancialPairCorr
0.65AMNBAmerican Natl BkshPairCorr
0.94AROWArrow Financial CorpPairCorr
0.83ASBAssociated Banc CorpPairCorr
0.84BANFBancfirst CorpPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
FUBER
AMSFT
AF
FMSFT
FTWTR
UBERTWTR
  
High negative correlations   

Axos Financial Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Axos Financial Stock performing well and Axos Financial company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Axos Financial's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.92  0.19  0.06  0.26  2.80  0.07 (1.94)  4.00 (5.00)  17.65 
MSFT 1.55  0.07  0.05  0.13  1.90  0.0473 (1.73)  2.98 (4.10)  7.83 
UBER 3.38  0.33  0.09  0.28  3.87  0.08 (3.55)  6.40 (7.08)  24.03 
F 2.38  0.22  0.09  0.19  2.83  0.1 (2.49)  5.15 (4.03)  12.24 
T 1.08 (0.17)  0.00 (0.18)  0.00 (0.13)  0.00  1.82 (2.45)  10.60 
A 1.84  0.16  0.09  0.22  1.84  0.07 (2.15)  4.88 (3.15)  8.98 
CRM 2.35  0.11  0.06  0.14  2.75  0.05 (2.60)  5.77 (4.63)  16.84 
JPM 1.45 (0.03) (0.01)  0.05  1.54 (0.0084) (1.73)  3.03 (2.34)  10.79 
MRK 0.93 (0.04) (0.07) (0.01)  1.26 (0.07) (0.94)  1.64 (2.50)  6.96 
XOM 1.94  0.02  0.00  0.10  2.59  0.0044 (1.83)  3.33 (3.96)  10.43 

Similar Equity Warning - AX

Axos Financial was forked

The entity Axos Financial with a symbol AX was recently forked. You can potentially use ARCHIPELAGO HOLDINGS INC with a symbol AX1 from now on.

Axos Financial Corporate Directors

Axos Financial corporate directors refer to members of an Axos Financial board of directors. The board of directors generally takes responsibility for the Axos Financial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Axos Financial's board members must vote for the resolution. The Axos Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
James Black - Independent DirectorProfile
John Burke - Independent DirectorProfile
James Argalas - Independent DirectorProfile
Edward Ratinoff - Independent DirectorProfile

Invested in Axos Financial?

You need to understand the risk of investing before taking a position in Axos Financial. The danger of trading Axos Financial is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Axos Financial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Axos Financial. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Axos Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. Note that the Axos Financial information on this page should be used as a complementary analysis to other Axos Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Axos Financial Stock analysis

When running Axos Financial price analysis, check to measure Axos Financial'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 Axos Financial is operating at the current time. Most of Axos Financial's value examination focuses on studying past and present price action to predict the probability of Axos Financial's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Axos Financial's price. Additionally, you may evaluate how the addition of Axos Financial to your portfolios can decrease your overall portfolio volatility.
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Is Axos Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Axos Financial. If investors know Axos Financial will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Axos Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.076
Market Capitalization
2.8 B
Quarterly Revenue Growth YOY
0.19
Return On Assets
0.0152
Return On Equity
0.16
The market value of Axos Financial is measured differently than its book value, which is the value of Axos Financial that is recorded on the company's balance sheet. Investors also form their own opinion of Axos Financial's value that differs from its market value or its book value, called intrinsic value, which is Axos Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Axos Financial's market value can be influenced by many factors that don't directly affect Axos Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Axos Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine Axos Financial value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axos Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.