Axos Total Assets from 2010 to 2024
AX Stock | USD 54.04 0.67 1.26% |
Total Assets | First Reported 2003-06-30 | Previous Quarter 20.8 B | Current Value 21.6 B | Quarterly Volatility 6.2 B |
Check Axos Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Axos main balance sheet or income statement drivers, such as Interest Expense of 451.6 M, Total Revenue of 1.1 B or Gross Profit of 1.1 B, as well as many exotic indicators such as Short Term Coverage Ratios of 1.3, Price Earnings Ratio of 8.37 or Price To Sales Ratio of 2.89. Axos financial statements analysis is a perfect complement when working with Axos Financial Valuation or Volatility modules.
Axos | Total Assets |
Latest Axos Financial's Total Assets Growth Pattern
Below is the plot of the Total Assets of Axos Financial over the last few years. Total assets refers to the total amount of Axos Financial assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Axos Financial books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. It is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. Axos Financial's Total Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Axos Financial's overall financial position and show how it may be relating to other accounts over time.
View | Last Reported 20.35 B | 10 Years Trend |
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Total Assets |
Timeline |
Axos Total Assets Regression Statistics
Arithmetic Mean | 11,107,786,178 | |
Geometric Mean | 7,263,898,437 | |
Coefficient Of Variation | 69.33 | |
Mean Deviation | 6,314,505,256 | |
Median | 9,539,504,000 | |
Standard Deviation | 7,700,859,470 | |
Sample Variance | 59303236.6T | |
Range | 24.4B | |
R-Value | 0.99 | |
Mean Square Error | 1611937.5T | |
R-Squared | 0.97 | |
Slope | 1,700,094,665 | |
Total Sum of Squares | 830245312.1T |
Axos Total Assets History
About Axos Financial Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Axos Financial income statement, its balance sheet, and the statement of cash flows. Axos Financial investors use historical funamental indicators, such as Axos Financial's Total Assets, to determine how well the company is positioned to perform in the future. Although Axos Financial investors may use each financial statement separately, they are all related. The changes in Axos Financial's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Axos Financial's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Axos Financial Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Axos Financial. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for 2024 | ||
Total Assets | 23.4 B | 24.6 B |
Pair Trading with Axos Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Axos Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Axos Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Axos Stock
0.72 | MBCN | Middlefield Banc Fiscal Quarter End 31st of March 2024 | PairCorr |
0.85 | MBWM | Mercantile Bank Fiscal Quarter End 31st of March 2024 | PairCorr |
Moving against Axos Stock
0.61 | MFBP | MF Bancorp | PairCorr |
0.6 | KB | KB Financial Group Financial Report 20th of May 2024 | PairCorr |
0.58 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
0.58 | WF | Woori Financial Group Financial Report 21st of May 2024 | PairCorr |
0.46 | RF-PB | Regions Financial | PairCorr |
The ability to find closely correlated positions to Axos Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axos Financial 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 Axos Financial - 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 Axos Financial to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axos Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axos Financial 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.
Correlation analysis and pair trading evaluation for Axos Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Axos Financial Correlation against competitors. For more information on how to buy Axos Stock please use our How to Invest in Axos Financial guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Axos Stock analysis
When running Axos Financial's price analysis, check to measure Axos Financial'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 Axos Financial is operating at the current time. Most of Axos Financial's value examination focuses on studying past and present price action to predict the probability of Axos Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axos Financial's price. Additionally, you may evaluate how the addition of Axos Financial to your portfolios can decrease your overall portfolio volatility.
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Is Axos Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Axos Financial. If investors know Axos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Axos Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.941 | Earnings Share 6.74 | Revenue Per Share 15.998 | Quarterly Revenue Growth 0.096 | Return On Assets 0.0199 |
The market value of Axos Financial is measured differently than its book value, which is the value of Axos that is recorded on the company's balance sheet. Investors also form their own opinion of Axos Financial's value that differs from its market value or its book value, called intrinsic value, which is Axos Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Axos Financial's market value can be influenced by many factors that don't directly affect Axos Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Axos Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Axos Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axos Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.