Axos Financial Correlations

AX Stock

USD 98.19 2.02 2.10%

The current 90-days correlation between Axos Financial and International Bancshares is 0.77 (i.e., Poor diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Axos Financial Correlation With Market

Poor diversification

The correlation between Axos Financial and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axos Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Axos Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axos Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in median.

For more information on how to buy Axos Stock please use our How to Invest in Axos Financial guide.

Moving together with Axos Stock

0.8	BIRG	Bank of Ireland	Pair Corr
0.9	BY	Byline Bancorp Earnings Call Today	Pair Corr
0.88	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.95	RF	Regions Financial Aggressive Push	Pair Corr
0.92	VBNK	VersaBank	Pair Corr
0.87	SANB	SANTANDER UK 8	Pair Corr
0.75	WBCPK	Westpac Banking	Pair Corr
0.78	CBAPM	Commonwealth Bank	Pair Corr
0.93	EBMT	Eagle Bancorp Montana Earnings Call This Week	Pair Corr
0.71	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.86	EGBN	Eagle Bancorp	Pair Corr
0.78	HSBK	Halyk Bank	Pair Corr
0.82	WABC	Westamerica Bancorporation	Pair Corr
0.8	WAFD	Washington Federal	Pair Corr
0.92	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr
0.91	EQBK	Equity Bancshares Normal Trading	Pair Corr
0.92	EWBC	East West Bancorp Earnings Call Today	Pair Corr
0.83	WNEB	Western New England Earnings Call This Week	Pair Corr
0.89	WSBC	WesBanco Earnings Call This Week	Pair Corr
0.8	WSFS	WSFS Financial Earnings Call This Week	Pair Corr
0.67	WTBA	West Bancorporation Earnings Call This Week	Pair Corr
0.96	WTFC	Wintrust Financial	Pair Corr
0.86	FBIZ	First Business Financial Earnings Call This Week	Pair Corr
0.8	FBLA	FB Bancorp Common	Pair Corr
0.9	FBNC	First Bancorp Normal Trading	Pair Corr
0.82	FCBC	First Community Banc Normal Trading	Pair Corr
0.76	FCCO	First Community Earnings Call This Week	Pair Corr
0.84	FFBC	First Financial Bancorp Earnings Call This Week	Pair Corr

Moving against Axos Stock

0.89	601658	Postal Savings Bank	Pair Corr
0.74	601997	Bank of Guiyang	Pair Corr
0.52	BEN	Bendigo and Adelaide	Pair Corr
0.31	FINW	Finwise Bancorp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	IBOC	FFIN	HWC	IFS	WBS	ABCB	AUB	OZK	UBSI	AVAL
IBOC		0.52	0.75	0.49	0.75	0.8	0.78	0.83	0.77	0.31	IBOC
FFIN	0.52		0.42	0.54	0.32	0.64	0.59	0.6	0.5	0.27	FFIN
HWC	0.75	0.42		0.59	0.98	0.92	0.93	0.84	0.97	0.47	HWC
IFS	0.49	0.54	0.59		0.5	0.6	0.65	0.53	0.66	0.52	IFS
WBS	0.75	0.32	0.98	0.5		0.88	0.91	0.83	0.95	0.42	WBS
ABCB	0.8	0.64	0.92	0.6	0.88		0.91	0.84	0.94	0.53	ABCB
AUB	0.78	0.59	0.93	0.65	0.91	0.91		0.92	0.96	0.33	AUB
OZK	0.83	0.6	0.84	0.53	0.83	0.84	0.92		0.85	0.19	OZK
UBSI	0.77	0.5	0.97	0.66	0.95	0.94	0.96	0.85		0.5	UBSI
AVAL	0.31	0.27	0.47	0.52	0.42	0.53	0.33	0.19	0.5		AVAL
	IBOC	FFIN	HWC	IFS	WBS	ABCB	AUB	OZK	UBSI	AVAL

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Risk-Adjusted Indicators

There is a big difference between Axos Stock performing well and Axos Financial Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Axos Financial's multiple risk-adjusted performance indicators across the competitive landscape. 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
IBOC	1.21	0.06	0.05	0.15	1.23	(1.50)	2.75	(2.01)	7.54
FFIN	1.06	0.04	0.03	0.14	1.11	(1.30)	2.50	(1.75)	6.37
HWC	1.01	0.27	0.28	0.35	0.63	(1.32)	2.85	(1.12)	6.52
IFS	1.16	0.22	0.10	0.55	1.37	(1.21)	3.68	(2.88)	5.72
WBS	1.02	0.21	0.19	0.29	0.83	(1.20)	2.80	(1.70)	5.74
ABCB	1.06	0.16	0.14	0.24	0.87	(1.25)	2.71	(1.78)	5.90
AUB	1.40	0.19	0.17	0.23	1.09	(1.90)	3.79	(1.90)	7.22
OZK	1.04	(0.05)	(0.04)	0.04	1.20	(1.12)	2.43	(2.13)	6.11
UBSI	1.10	0.26	0.23	0.34	0.81	(1.41)	3.05	(1.84)	8.03
AVAL	1.35	0.34	0.16	0.69	1.46	(1.49)	3.15	(2.90)	8.04

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