AXA SA Correlations

AXAHF Stock

USD 48.88 0.66 1.37%

The current 90-days correlation between AXA SA and Zurich Insurance Group is 0.28 (i.e., Modest diversification). The correlation of AXA SA 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.

AXA SA Correlation With Market

Weak diversification

The correlation between AXA SA and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AXA SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to AXA SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AXA SA 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 AXA SA - 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 AXA SA to buy it.

Moving together with AXA OTC Stock

0.76	ALIZF	Allianz SE	Pair Corr
0.71	ALIZY	Allianz SE ADR	Pair Corr
0.93	AXAHY	Axa SA ADR	Pair Corr
0.83	ZURVY	Zurich Insurance	Pair Corr
0.73	ZFSVF	Zurich Insurance	Pair Corr
0.86	AIG	American International	Pair Corr
0.66	MEOAF	Melbana Energy	Pair Corr
0.68	EDRVY	EDP Renovveis SA	Pair Corr

Moving against AXA OTC Stock

0.45	SSNLF	Samsung Electronics	Pair Corr
0.33	EC	Ecopetrol SA ADR	Pair Corr
0.78	NMRD	Nemaura Medical	Pair Corr
0.62	TEN	Tsakos Energy Navigation	Pair Corr
0.46	LUMN	Lumen Technologies	Pair Corr
0.32	SMFL	Smart for Life	Pair Corr

Related Correlations Analysis

	ZURVY	ZFSVF	SMFNF	IVSBF	AAIGF	KBCSY	SAXPY	IVSXF	AAGIY	BBVXF
ZURVY		0.86	0.6	0.73	0.4	0.77	0.87	0.26	0.32	0.58	ZURVY
ZFSVF	0.86		0.54	0.6	0.35	0.65	0.75	0.26	0.29	0.49	ZFSVF
SMFNF	0.6	0.54		0.62	0.51	0.73	0.72	0.68	0.63	0.74	SMFNF
IVSBF	0.73	0.6	0.62		0.55	0.81	0.76	0.39	0.45	0.76	IVSBF
AAIGF	0.4	0.35	0.51	0.55		0.75	0.56	0.59	0.86	0.78	AAIGF
KBCSY	0.77	0.65	0.73	0.81	0.75		0.86	0.58	0.69	0.87	KBCSY
SAXPY	0.87	0.75	0.72	0.76	0.56	0.86		0.38	0.5	0.75	SAXPY
IVSXF	0.26	0.26	0.68	0.39	0.59	0.58	0.38		0.7	0.61	IVSXF
AAGIY	0.32	0.29	0.63	0.45	0.86	0.69	0.5	0.7		0.68	AAGIY
BBVXF	0.58	0.49	0.74	0.76	0.78	0.87	0.75	0.61	0.68		BBVXF
	ZURVY	ZFSVF	SMFNF	IVSBF	AAIGF	KBCSY	SAXPY	IVSXF	AAGIY	BBVXF

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Risk-Adjusted Indicators

There is a big difference between AXA OTC Stock performing well and AXA SA OTC Stock 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 AXA SA'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
ZURVY	0.74	0.05	0.02	0.14	0.91	(0.77)	1.33	(1.64)	5.17
ZFSVF	1.79	0.07	0.01	0.24	2.30	(1.84)	4.10	(3.83)	11.14
SMFNF	2.50	0.20	0.08	0.21	2.48	(3.34)	5.68	(4.69)	13.02
IVSBF	1.36	0.16	0.04	(3.43)	1.62	(1.92)	3.03	(3.49)	10.42
AAIGF	2.08	0.09	0.04	0.13	2.64	(2.10)	4.05	(3.85)	13.34
KBCSY	0.83	0.13	0.12	0.27	0.77	(1.04)	2.06	(1.51)	4.32
SAXPY	0.59	0.10	0.07	6.13	0.52	(0.72)	1.20	(1.06)	2.94
IVSXF	0.72	0.24	0.00	(1.08)	0.00	0.00	4.18	(0.28)	8.87
AAGIY	1.35	0.11	0.08	0.16	1.30	(1.77)	3.70	(2.75)	8.39
BBVXF	2.08	0.41	0.15	0.81	2.22	(2.30)	4.27	(3.43)	16.35

Be your own money manager

Our tools can tell you how much better you can do entering a position in AXA SA without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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AXA SA Corporate Management

Elected by the shareholders, the AXA SA's board of directors comprises two types of representatives: AXA SA inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AXA. The board's role is to monitor AXA SA's management team and ensure that shareholders' interests are well served. AXA SA's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, AXA SA's outside directors are responsible for providing unbiased perspectives on the board's policies.

Andrew WallaceBarnett	Head of Investor Relations	Profile
Ulrike Decoene	Brand Communication	Profile
Marc Blottire	Group Officer	Profile
Alexander Vollert	Group Officer	Profile
Helen Browne	Group Director	Profile
Gregoire Montchalin	Chief Officer	Profile
Nicolas Leclercq	Head Treasury	Profile

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