AXA SA Correlations
| AXAA Stock | EUR 31.60 0.30 0.96% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AXA SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AXA SA 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.
Average diversification
The correlation between AXA SA and NYA is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AXA SA and NYA in the same portfolio, assuming nothing else is changed.
AXA |
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 Stock
Moving against AXA Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between AXA Stock performing well and AXA SA 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XED2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XED1 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AXA | 0.64 | 0.11 | 0.07 | 0.28 | 0.54 | 1.72 | 4.82 | |||
| AXA | 0.77 | 0.11 | 0.07 | 0.34 | 0.81 | 1.71 | 4.77 | |||
| AXA | 0.79 | 0.10 | 0.06 | 0.30 | 0.73 | 2.02 | 6.01 | |||
| AXA | 0.72 | 0.11 | 0.06 | 0.33 | 0.75 | 1.60 | 5.17 | |||
| AXA | 0.76 | 0.12 | 0.07 | 0.40 | 0.76 | 2.08 | 5.84 | |||
| AXA | 0.69 | 0.10 | 0.04 | 0.40 | 0.91 | 1.51 | 4.61 | |||
| AXA | 0.61 | 0.26 | 0.17 | (2.37) | 0.53 | 1.50 | 4.60 |
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.Did you try this?
Run Competition Analyzer Now
Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
| All Next | Launch Module |
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 | Group Officer | Profile | |
| Marc Blottire | Group Officer | Profile | |
| Ulrike Decoene | Brand Communication | Profile | |
| Alexander Vollert | Group Officer | Profile | |
| Helen Browne | Group Director | Profile | |
| Gregoire Montchalin | Chief Officer | Profile | |
| Nicolas Leclercq | Head Treasury | Profile |
Already Invested in AXA SA?
The danger of trading AXA SA is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of AXA SA is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than AXA SA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile AXA SA is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AXA SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the AXA SA information on this page should be used as a complementary analysis to other AXA SA'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 Commodity Directory module to find actively traded commodities issued by global exchanges.
Complementary Tools for AXA Stock analysis
When running AXA SA's price analysis, check to measure AXA SA'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 AXA SA is operating at the current time. Most of AXA SA's value examination focuses on studying past and present price action to predict the probability of AXA SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AXA SA's price. Additionally, you may evaluate how the addition of AXA SA to your portfolios can decrease your overall portfolio volatility.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges |