Axos Financial Stock Market Value

AX Stock  USD 53.37  1.37  2.63%   
Axos Financial's market value is the price at which a share of Axos Financial trades on a public exchange. It measures the collective expectations of Axos Financial investors about its performance. Axos Financial is trading at 53.37 as of the 28th of March 2024; that is 2.63 percent increase since the beginning of the trading day. The stock's open price was 52.0.
With this module, you can estimate the performance of a buy and hold strategy of Axos Financial and determine expected loss or profit from investing in Axos Financial over a given investment horizon. 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.
Symbol

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.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Axos Financial on February 27, 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 Middlefield Banc, Merchants Bancorp, Mercantile Bank, MetroCity Bankshares, Macatawa Bank, Byline Bancorp, and Regions Financial. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
51.3253.3355.34
Details
Intrinsic
Valuation
LowRealHigh
51.3453.3555.36
Details
Naive
Forecast
LowNextHigh
51.5953.6055.61
Details
6 Analysts
Consensus
LowTargetHigh
48.6953.5059.39
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Axos Financial. Your research has to be compared to or analyzed against Axos Financial's peers to derive any actionable benefits. When done correctly, Axos Financial's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Axos Financial.

Axos Financial Backtested Returns

Axos Financial secures Sharpe Ratio (or Efficiency) of -0.009, which signifies that the company had a -0.009% 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 Risk Adjusted Performance of 0.0045, mean deviation of 1.6, and Standard Deviation of 2.0 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.7, 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 -0.0179%. Please make sure to confirm Axos Financial potential upside, as well as the relationship between the rate of daily change and relative strength index , to decide if Axos Financial performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  -0.24  

Weak reverse predictability

Axos Financial has weak reverse predictability. Overlapping area represents the amount of predictability between Axos Financial time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 -0.24 indicates that over 24.0% of current Axos Financial price fluctuation can be explain by its past prices.
Correlation Coefficient-0.24
Spearman Rank Test-0.14
Residual Average0.0
Price Variance2.43

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  

Axos Financial Investors Sentiment

The influence of Axos Financial's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Axos. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Axos Financial's public news can be used to forecast risks associated with an investment in Axos. The trend in average sentiment can be used to explain how an investor holding Axos can time the market purely based on public headlines and social activities around Axos Financial. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Axos Financial's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Axos Financial's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Axos Financial's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Axos Financial.
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

  0.73MBCN Middlefield Banc Fiscal Quarter End 31st of March 2024 PairCorr
  0.86MBWM Mercantile Bank Fiscal Quarter End 31st of March 2024 PairCorr

Moving against Axos Stock

  0.64MFBP MF BancorpPairCorr
  0.61KB KB Financial Group Financial Report 20th of May 2024 PairCorr
  0.61NU Nu Holdings Financial Report 20th of May 2024 PairCorr
  0.59WF Woori Financial Group Financial Report 21st of May 2024 PairCorr
  0.48RF-PB Regions FinancialPairCorr
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.
Pair CorrelationCorrelation Matching
When determining whether Axos Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Axos Financial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Axos Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Axos Financial Stock:
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 AI Investment Finder module to use AI to screen and filter profitable investment opportunities.

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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.
A focus of Axos Financial technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Axos Financial trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...