Axos Financial Correlations

AX Stock

USD 97.29 2.74 2.90%

The current 90-days correlation between Axos Financial and International Bancshares is 0.71 (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

Almost no diversification

The correlation between Axos Financial and DJI is 0.91 (i.e., Almost no 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

0.91	BIRG	Bank of Ireland	Pair Corr
0.81	FFIN	First Financial Bank	Pair Corr
0.88	ASB	Associated Banc Corp	Pair Corr
0.87	CPF	Central Pacific Financial	Pair Corr
0.78	FSFG	First Savings Financial	Pair Corr
0.96	HWC	Hancock Whitney Corp	Pair Corr
0.95	FVCB	FVCBankcorp	Pair Corr
0.85	WBCPM	Westpac Banking	Pair Corr
0.92	MCB	Metropolitan Bank Holding	Pair Corr
0.96	MTB	MT Bank	Pair Corr
0.87	WBS	Webster Financial	Pair Corr
0.85	HFWA	Heritage Financial	Pair Corr
0.77	IBOC	International Bancshares	Pair Corr
0.94	ISTR	Investar Holding Corp	Pair Corr
0.82	LCNB	LCNB	Pair Corr
0.91	OVLY	Oak Valley Bancorp	Pair Corr
0.82	MBLPD	Macquarie Bank	Pair Corr
0.93	VBNK	VersaBank	Pair Corr
0.89	BFL	BSP Financial Group	Pair Corr
0.91	SFBS	ServisFirst Bancshares	Pair Corr
0.91	AROW	Arrow Financial	Pair Corr
0.95	TCBI	Texas Capital Bancshares	Pair Corr
0.85	BPRN	Bank Of Princeton	Pair Corr
0.75	TFSL	TFS Financial	Pair Corr
0.74	BWFG	Bankwell Financial	Pair Corr
0.86	CADE	Cadence Bancorp	Pair Corr
0.69	CFFI	CF Financial	Pair Corr

Moving against Axos Stock

0.74	3YB	Postal Savings Bank	Pair Corr
0.4	BBC	BNK Banking	Pair Corr
0.34	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	IBOC	FFIN	HWC	IFS	WBS	ABCB	AUB	OZK	UBSI	AVAL
IBOC		0.77	0.87	0.65	0.83	0.85	0.84	0.93	0.84	0.35	IBOC
FFIN	0.77		0.8	0.82	0.75	0.92	0.83	0.79	0.87	0.58	FFIN
HWC	0.87	0.8		0.86	0.94	0.94	0.98	0.94	0.97	0.54	HWC
IFS	0.65	0.82	0.86		0.81	0.9	0.92	0.74	0.94	0.8	IFS
WBS	0.83	0.75	0.94	0.81		0.88	0.92	0.91	0.92	0.43	WBS
ABCB	0.85	0.92	0.94	0.9	0.88		0.96	0.91	0.97	0.64	ABCB
AUB	0.84	0.83	0.98	0.92	0.92	0.96		0.9	0.99	0.64	AUB
OZK	0.93	0.79	0.94	0.74	0.91	0.91	0.9		0.9	0.38	OZK
UBSI	0.84	0.87	0.97	0.94	0.92	0.97	0.99	0.9		0.65	UBSI
AVAL	0.35	0.58	0.54	0.8	0.43	0.64	0.64	0.38	0.65		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	1.24	0.06	0.03	0.14	1.44	(1.40)	2.88	(2.10)	9.51
FFIN	1.15	0.05	0.03	0.13	1.22	(1.48)	2.72	(2.14)	7.40
HWC	1.05	0.22	0.18	0.32	0.87	(1.28)	2.96	(1.46)	7.32
IFS	1.25	0.20	0.11	0.39	1.41	(1.40)	3.68	(2.88)	6.58
WBS	1.14	0.37	0.24	1.18	0.93	(1.33)	3.30	(1.78)	9.34
ABCB	1.11	0.13	0.10	0.21	1.01	(1.34)	2.76	(1.78)	6.79
AUB	1.30	0.26	0.22	0.30	0.95	(1.75)	3.79	(1.84)	9.06
OZK	1.11	0.09	0.06	0.15	1.23	(1.18)	2.73	(2.22)	7.47
UBSI	1.09	0.23	0.18	0.34	0.95	(1.36)	3.05	(1.84)	8.75
AVAL	1.63	0.00	0.00	0.07	2.33	(1.61)	4.40	(4.15)	13.37

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