Correlation Analysis Between Axos Financial and Deutsche Bank

Analyzing existing cross correlation between Axos Financial and Deutsche Bank AG. You can compare the effects of market volatilities on Axos Financial and Deutsche Bank and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Axos Financial with a short position of Deutsche Bank. See also your portfolio center. Please also check ongoing floating volatility patterns of Axos Financial and Deutsche Bank.
Horizon     30 Days    Login   to change
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Comparative Performance

Axos Financial  
11

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Axos Financial are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days. Inspite fairly strong basic indicators, Axos Financial is not utilizing all of its potentials. The current stock price disturbance, may contribute to short term losses for the investors.
Deutsche Bank AG  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Deutsche Bank AG are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Deutsche Bank may actually be approaching a critical reversion point that can send shares even higher in February 2020.

Axos Financial and Deutsche Bank Volatility Contrast

 Predicted Return Density 
    
  Returns 

Axos Financial Inc  vs.  Deutsche Bank AG

 Performance (%) 
    
  Timeline 

Pair Volatility

Allowing for the 30-days total investment horizon, Axos Financial is expected to generate 4.12 times less return on investment than Deutsche Bank. But when comparing it to its historical volatility, Axos Financial is 1.06 times less risky than Deutsche Bank. It trades about 0.02 of its potential returns per unit of risk. Deutsche Bank AG is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest  790.00  in Deutsche Bank AG on December 23, 2019 and sell it today you would earn a total of  50.00  from holding Deutsche Bank AG or generate 6.33% return on investment over 30 days.

Pair Corralation between Axos Financial and Deutsche Bank

0.4
Time Period3 Months [change]
DirectionPositive 
StrengthWeak
Accuracy96.88%
ValuesDaily Returns

Diversification Opportunities for Axos Financial and Deutsche Bank

Axos Financial Inc diversification synergy

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Axos Financial Inc and Deutsche Bank AG in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Deutsche Bank AG and Axos Financial is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Axos Financial are associated (or correlated) with Deutsche Bank. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Deutsche Bank AG has no effect on the direction of Axos Financial i.e. Axos Financial and Deutsche Bank go up and down completely randomly.
See also your portfolio center. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.