Axos Financial Correlations

AX Stock

USD 79.38 1.40 1.80%

The current 90-days correlation between Axos Financial and Grupo Aval is 0.12 (i.e., Average 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 consumer price index.

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

Moving together with Axos Stock

0.75	BY	Byline Bancorp	Pair Corr
0.83	PB	Prosperity Bancshares	Pair Corr
0.9	RF	Regions Financial	Pair Corr
0.66	601658	Postal Savings Bank	Pair Corr
0.76	ECBK	ECB Bancorp Earnings Call This Week	Pair Corr
0.88	EFSC	Enterprise Financial	Pair Corr
0.73	WABC	Westamerica Bancorporation	Pair Corr
0.91	WAFD	Washington Federal	Pair Corr
0.78	WASH	Washington Trust Bancorp	Pair Corr
0.71	EWBC	East West Bancorp	Pair Corr
0.79	WNEB	Western New England	Pair Corr
0.92	WSFS	WSFS Financial	Pair Corr
0.73	WTFC	Wintrust Financial	Pair Corr
0.92	FBNC	First Bancorp	Pair Corr
0.96	FCBC	First Community Banc	Pair Corr

Moving against Axos Stock

0.76	TFINP	Triumph Financial	Pair Corr
0.69	DCBBANK	DCB Bank Limited	Pair Corr
0.58	TMB	Tamilnad Mercantile Bank	Pair Corr
0.53	HSBK	Halyk Bank	Pair Corr
0.41	BIRG	Bank of Ireland	Pair Corr
0.76	BANKINDIA	Bank of India	Pair Corr
0.71	SOUTHBANK	South Indian	Pair Corr
0.65	FNWB	First Northwest Bancorp	Pair Corr
0.44	FRMEP	First Merchants	Pair Corr

Related Correlations Analysis

	AVAL	FFIN	IFS	ABCB	UBSI	HWC	SFBS	IBOC	AUB	FLG
AVAL		-0.66	0.77	0.4	-0.21	-0.45	-0.62	-0.45	0.01	-0.16	AVAL
FFIN	-0.66		-0.3	0.08	0.74	0.73	0.93	0.88	0.43	0.78	FFIN
IFS	0.77	-0.3		0.73	0.23	0.06	-0.19	-0.07	0.44	0.21	IFS
ABCB	0.4	0.08	0.73		0.64	0.55	0.26	0.29	0.88	0.47	ABCB
UBSI	-0.21	0.74	0.23	0.64		0.87	0.81	0.85	0.82	0.84	UBSI
HWC	-0.45	0.73	0.06	0.55	0.87		0.86	0.75	0.8	0.67	HWC
SFBS	-0.62	0.93	-0.19	0.26	0.81	0.86		0.85	0.64	0.77	SFBS
IBOC	-0.45	0.88	-0.07	0.29	0.85	0.75	0.85		0.52	0.84	IBOC
AUB	0.01	0.43	0.44	0.88	0.82	0.8	0.64	0.52		0.64	AUB
FLG	-0.16	0.78	0.21	0.47	0.84	0.67	0.77	0.84	0.64		FLG
	AVAL	FFIN	IFS	ABCB	UBSI	HWC	SFBS	IBOC	AUB	FLG

Please upgrade your account to get full access to Macroaxis premium features

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

SFBS	+ 0.93	FFIN
IBOC	+ 0.88	FFIN
AUB	+ 0.88	ABCB
HWC	+ 0.87	UBSI
SFBS	+ 0.86	HWC
IBOC	+ 0.85	UBSI

High negative correlations

FFIN	- 0.66	AVAL
SFBS	- 0.62	AVAL
IBOC	- 0.45	AVAL
HWC	- 0.45	AVAL
IFS	- 0.3	FFIN
UBSI	- 0.21	AVAL

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
AVAL	1.49	0.63	0.31	7.08	1.07	(1.86)	3.79	(2.61)	7.92
FFIN	1.18	(0.33)	0.00	(0.08)	0.00	0.00	2.65	(2.65)	10.06
IFS	1.06	0.17	0.09	0.36	1.14	(1.19)	2.69	(1.69)	10.88
ABCB	1.15	(0.06)	0.02	0.08	1.27	(1.46)	3.04	(1.84)	10.10
UBSI	1.11	(0.15)	(0.04)	0.03	1.33	(1.33)	2.72	(2.22)	9.27
HWC	1.20	(0.21)	(0.05)	0.01	1.91	(1.40)	2.51	(2.24)	12.55
SFBS	1.32	(0.33)	0.00	(0.07)	0.00	0.00	3.13	(3.27)	13.45
IBOC	1.06	(0.14)	(0.07)	0.02	1.20	(1.33)	2.63	(1.66)	9.65
AUB	1.39	(0.15)	(0.01)	0.05	1.77	(1.64)	3.80	(2.86)	12.75
FLG	1.40	(0.21)	(0.05)	0.01	1.93	(1.47)	3.51	(2.53)	13.66

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC