Axos Financial Stock Market Value
| AX Stock | USD 49.51 0.12 0.24% |
| Symbol | Axos |
Axos Financial Price To Book Ratio
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 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 0.941 | Earnings Share 6.74 | Revenue Per Share 15.998 | Quarterly Revenue Growth 0.096 | Return On Assets 0.0199 |
The market value of Axos Financial is measured differently than its book value, which is the value of Axos 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 if Axos Financial is a good investment 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.
Axos Financial '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 Axos Financial'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 Axos Financial.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Axos Financial on March 17, 2024 and sell it all today you would earn a total of 0.00 from holding Axos Financial or generate 0.0% return on investment in Axos Financial over 30 days. Axos Financial is related to or competes with National Bank, Community West, First Capital, BCB Bancorp, Affinity Bancshares, Brookline Bancorp, and ACNB. Axos Financial, Inc., together with its subsidiaries, provides consumer and business banking products in the United Stat... More
Axos Financial 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 Axos Financial'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 Axos Financial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 8.51 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 3.65 |
Axos Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axos Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axos Financial's standard deviation. In reality, there are many statistical measures that can use Axos Financial historical prices to predict the future Axos Financial's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Axos Financial's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Axos Financial Backtested Returns
Axos Financial secures Sharpe Ratio (or Efficiency) of -0.02, which signifies that the company had a -0.02% return per unit of risk over the last 3 months. Axos Financial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Axos Financial's Mean Deviation of 1.56, standard deviation of 1.96, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.43, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Axos Financial will likely underperform. Axos Financial has an expected return of -0.0398%. Please make sure to confirm Axos Financial potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Axos Financial performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Axos Financial has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Axos Financial time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th of April 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 Axos Financial price movement. The serial correlation of -0.74 indicates that around 74.0% of current Axos Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Axos Financial lagged returns against current returns
Autocorrelation, which is Axos Financial 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 Axos Financial's stock expected returns. We can calculate the autocorrelation of Axos Financial returns to help us make a trade decision. For example, suppose you find that Axos Financial 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 |
Axos Financial 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 Axos Financial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axos Financial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axos Financial stock over time.
Current vs Lagged Prices |
| Timeline |
Axos Financial Lagged Returns
When evaluating Axos Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axos Financial stock have on its future price. Axos Financial 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, Axos Financial autocorrelation shows the relationship between Axos Financial stock current value and its past values and can show if there is a momentum factor associated with investing in Axos Financial.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Axos Financial in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Axos Financial's short interest history, or implied volatility extrapolated from Axos Financial options trading.
Pair Trading with Axos Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Axos Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Axos Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Axos Stock
| 0.78 | BY | Byline Bancorp Report 25th of April 2024 | PairCorr |
| 0.76 | PB | Prosperity Bancshares Report 24th of April 2024 | PairCorr |
Moving against Axos Stock
| 0.53 | KB | KB Financial Group Financial Report 20th of May 2024 | PairCorr |
| 0.53 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.5 | WF | Woori Financial Group Earnings Call This Week | PairCorr |
| 0.48 | TECTP | Tectonic Financial | PairCorr |
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.
The correlation of Axos Financial is a statistical measure of how it moves in relation to other instruments. 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.
Correlation analysis and pair trading evaluation for Axos Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Axos Financial Correlation, Axos Financial Volatility and Axos Financial Alpha and Beta module to complement your research on Axos Financial. For more information on how to buy Axos Stock please use our How to Invest in Axos Financial guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Axos Stock analysis
When running Axos Financial's 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 the 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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Axos Financial 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.