Axos Financial Correlations

AX Stock

USD 85.53 0.03 0.04%

The current 90-days correlation between Axos Financial and Live Oak Bancshares is 0.78 (i.e., Poor diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Axos Financial Correlation With Market

Poor diversification

The correlation between Axos Financial and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axos Financial and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Axos Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Axos Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For more information on how to buy Axos Stock please use our How to Invest in Axos Financial guide.

Moving together with Axos Stock

0.88	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.91	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.88	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.85	NU	Nu Holdings Aggressive Push	Pair Corr
0.91	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr
0.98	RF	Regions Financial Buyout Trend	Pair Corr
0.92	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.74	VABK	Virginia National	Pair Corr
0.62	VBNK	VersaBank	Pair Corr
0.9	VBTX	Veritex Holdings Normal Trading	Pair Corr
0.88	TECTP	Tectonic Financial	Pair Corr
0.9	TFC-PO	Truist Financial	Pair Corr
0.83	TFC-PR	Truist Financial	Pair Corr
0.88	CFG-PE	Citizens Financial	Pair Corr
0.84	CFG-PH	Citizens Financial Group,	Pair Corr
0.96	EFSC	Enterprise Financial Earnings Call This Week	Pair Corr
0.63	KEY-PI	KeyCorp Earnings Call This Week	Pair Corr
0.76	KEY-PJ	KeyCorp Earnings Call This Week	Pair Corr
0.82	KEY-PK	KeyCorp Earnings Call This Week	Pair Corr
0.82	KEY-PL	KeyCorp Earnings Call This Week	Pair Corr
0.78	WABC	Westamerica Bancorporation	Pair Corr
0.88	WAFD	Washington Federal	Pair Corr
0.77	WASH	Washington Trust Bancorp Earnings Call This Week	Pair Corr
0.82	BANC-PF	Banc of California Earnings Call This Week	Pair Corr
0.89	EQBK	Equity Bancshares,	Pair Corr
0.93	ESSA	ESSA Bancorp Earnings Call This Week	Pair Corr
0.76	TFINP	Triumph Financial	Pair Corr
0.94	WSBCP	WesBanco Earnings Call This Week	Pair Corr
0.77	WNEB	Western New England Earnings Call This Week	Pair Corr
0.95	WSBC	WesBanco	Pair Corr

Moving against Axos Stock

0.35

TFC-PI

Truist Financial

Pair Corr

Related Correlations Analysis

	LOB	ABCB	BANR	BANF	AMAL	CADE	BKU	PPBI	AUB
LOB		0.96	0.92	0.85	0.96	0.97	0.91	0.83	0.95	LOB
ABCB	0.96		0.9	0.93	0.99	0.95	0.94	0.9	0.97	ABCB
BANR	0.92	0.9		0.87	0.9	0.97	0.88	0.87	0.84	BANR
BANF	0.85	0.93	0.87		0.92	0.87	0.93	0.94	0.88	BANF
AMAL	0.96	0.99	0.9	0.92		0.95	0.93	0.9	0.98	AMAL
CADE	0.97	0.95	0.97	0.87	0.95		0.92	0.85	0.91	CADE
BKU	0.91	0.94	0.88	0.93	0.93	0.92		0.88	0.9	BKU
PPBI	0.83	0.9	0.87	0.94	0.9	0.85	0.88		0.87	PPBI
AUB	0.95	0.97	0.84	0.88	0.98	0.91	0.9	0.87		AUB
	LOB	ABCB	BANR	BANF	AMAL	CADE	BKU	PPBI	AUB

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Risk-Adjusted Indicators

There is a big difference between Axos Stock performing well and Axos Financial 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 Axos Financial'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
LOB	1.73	0.26	0.17	0.29	1.67	(1.96)	4.92	(3.06)	11.21
ABCB	1.19	0.26	0.22	0.35	0.87	(1.44)	2.79	(1.71)	8.02
BANR	1.14	0.09	0.06	0.23	1.09	(1.36)	2.65	(1.69)	7.78
BANF	1.24	0.31	0.18	0.53	1.04	(1.37)	3.20	(1.93)	7.03
AMAL	1.35	0.23	0.15	0.34	1.18	(1.48)	3.42	(2.34)	7.82
CADE	1.42	0.22	0.16	0.30	1.31	(1.71)	3.04	(2.85)	9.76
BKU	1.42	0.44	0.15	(1.21)	1.50	(1.59)	3.54	(2.62)	9.63
PPBI	1.56	0.10	0.09	0.20	1.51	(1.79)	4.40	(3.01)	11.60
AUB	1.52	0.33	0.27	0.36	1.07	(1.91)	3.70	(2.23)	10.71

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