Axis Bank Ltd Stock Filter Stocks by Fundamentals
Axis Bank Ltd fundamentals help investors to digest information that contributes to Axis Bank's financial success or failures. It also enables traders to predict the movement of Axis Stock. The fundamental analysis module provides a way to measure Axis Bank's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Axis Bank stock.
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Axis Fundamentals
| Return On Equity | 0.0972 | |||
| Return On Asset | 0.0101 | |||
| Profit Margin | 0.22 % | |||
| Operating Margin | 0.24 % | |||
| Current Valuation | 1.35 T | |||
| Shares Outstanding | 613.08 M | |||
| Shares Owned By Institutions | 0.40 % | |||
| Price To Book | 2.21 X | |||
| Price To Sales | 0.07 X | |||
| Revenue | 765.99 B | |||
| Gross Profit | 600.8 B | |||
| Net Income | 263.86 B | |||
| Book Value Per Share | 2,212 X | |||
| Cash Flow From Operations | (55.55 B) | |||
| Earnings Per Share | 2.44 X | |||
| Number Of Employees | 91.9 K | |||
| Beta | 0.93 | |||
| Market Capitalization | 41.69 B | |||
| Total Asset | 15.18 T | |||
| Retained Earnings | 477.69 B | |||
| Annual Yield | 0 % | |||
| Net Asset | 15.18 T |
Pair Trading with Axis Bank
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 Axis Bank 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 Axis Bank will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Equifax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Equifax 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 Equifax - 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 Equifax to buy it.
The correlation of Equifax 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 Equifax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Equifax 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 Equifax 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Axis Bank Ltd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. Note that the Axis Bank information on this page should be used as a complementary analysis to other Axis Bank'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 the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Axis Stock analysis
When running Axis Bank's price analysis, check to measure Axis Bank'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 Axis Bank is operating at the current time. Most of Axis Bank's value examination focuses on studying past and present price action to predict the probability of Axis Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axis Bank's price. Additionally, you may evaluate how the addition of Axis Bank to your portfolios can decrease your overall portfolio volatility.
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