Axis Bank (UK) Market Value
| AXB Stock | USD 67.40 0.20 0.30% |
| Symbol | Axis |
Axis Bank Price To Book Ratio
Axis Bank '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 Axis Bank'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 Axis Bank.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Axis Bank on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Axis Bank Ltd or generate 0.0% return on investment in Axis Bank over 720 days. Axis Bank is related to or competes with State Bank, Reliance Industries, Larsen Toubro, Tata Steel, and Mahindra Mahindra. Axis Bank is entity of United Kingdom. It is traded as Stock on IL exchange. More
Axis Bank 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 Axis Bank'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 Axis Bank Ltd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 6.91 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.17 |
Axis Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Axis Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Axis Bank's standard deviation. In reality, there are many statistical measures that can use Axis Bank historical prices to predict the future Axis Bank's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.17) |
Axis Bank Backtested Returns
Axis Bank secures Sharpe Ratio (or Efficiency) of -0.0322, which signifies that the company had a -0.0322% return per unit of risk over the last 3 months. Axis Bank Ltd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Axis Bank's Risk Adjusted Performance of (0.02), mean deviation of 1.01, and Standard Deviation of 1.37 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Axis Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Axis Bank is expected to be smaller as well. At this point, Axis Bank has a negative expected return of -0.0444%. Please make sure to confirm Axis Bank's value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if Axis Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.67 |
Good predictability
Axis Bank Ltd has good predictability. Overlapping area represents the amount of predictability between Axis Bank time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th of November 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 Axis Bank price movement. The serial correlation of 0.67 indicates that around 67.0% of current Axis Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 14.96 |
Axis Bank lagged returns against current returns
Autocorrelation, which is Axis Bank 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 Axis Bank's stock expected returns. We can calculate the autocorrelation of Axis Bank returns to help us make a trade decision. For example, suppose you find that Axis Bank 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 |
Axis Bank 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 Axis Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Axis Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Axis Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Axis Bank Lagged Returns
When evaluating Axis Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Axis Bank stock have on its future price. Axis Bank 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, Axis Bank autocorrelation shows the relationship between Axis Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Axis Bank Ltd.
Regressed Prices |
| Timeline |
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Axis Bank financial ratios help investors to determine whether Axis Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Axis with respect to the benefits of owning Axis Bank security.