Axos Financial Correlations

AX Stock

USD 82.85 0.93 1.11%

The current 90-days correlation between Axos Financial and BancFirst is 0.9 (i.e., Almost no 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 0.71 (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.

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

0.99	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.98	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.95	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.62	VABK	Virginia National	Pair Corr
0.87	VBNK	VersaBank Normal Trading	Pair Corr
0.9	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.7	TECTP	Tectonic Financial	Pair Corr
0.7	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.93	EBTC	Enterprise Bancorp	Pair Corr
0.99	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.87	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.98	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.76	WAFD	Washington Federal	Pair Corr
0.91	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.75	BANC-PF	Banc of California	Pair Corr
0.94	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.75	ESSA	ESSA Bancorp	Pair Corr
0.79	EVBN	Evans Bancorp	Pair Corr
0.65	WSBCP	WesBanco	Pair Corr

Moving against Axos Stock

0.69	CFG-PE	Citizens Financial	Pair Corr
0.61	TFC-PO	Truist Financial	Pair Corr
0.61	TFC-PR	Truist Financial	Pair Corr
0.53	WAFDP	Washington Federal	Pair Corr

Related Correlations Analysis

	NBHC	CWBC	FCAP	HBCP	BCBP	AFBI	BRKL	ACNB	BANF
NBHC		0.57	-0.13	0.95	0.78	0.03	0.96	0.86	0.94	NBHC
CWBC	0.57		-0.63	0.53	0.71	0.26	0.61	0.56	0.66	CWBC
FCAP	-0.13	-0.63		-0.05	-0.13	0.1	-0.08	0.03	-0.12	FCAP
HBCP	0.95	0.53	-0.05		0.76	0.05	0.96	0.84	0.93	HBCP
BCBP	0.78	0.71	-0.13	0.76		0.15	0.83	0.87	0.9	BCBP
AFBI	0.03	0.26	0.1	0.05	0.15		0.13	0.18	0.1	AFBI
BRKL	0.96	0.61	-0.08	0.96	0.83	0.13		0.88	0.97	BRKL
ACNB	0.86	0.56	0.03	0.84	0.87	0.18	0.88		0.93	ACNB
BANF	0.94	0.66	-0.12	0.93	0.9	0.1	0.97	0.93		BANF
	NBHC	CWBC	FCAP	HBCP	BCBP	AFBI	BRKL	ACNB	BANF

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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

BANF	+ 0.97	BRKL
BRKL	+ 0.96	NBHC
BRKL	+ 0.96	HBCP
HBCP	+ 0.95	NBHC
BANF	+ 0.94	NBHC
BANF	+ 0.93	HBCP

High negative correlations

FCAP	- 0.63	CWBC
BCBP	- 0.13	FCAP
FCAP	- 0.13	NBHC
BANF	- 0.12	FCAP
BRKL	- 0.08	FCAP
HBCP	- 0.05	FCAP

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
NBHC	1.57	(0.07)	0.03	0.09	1.61	(1.85)	2.63	(2.65)	17.62
CWBC	1.03	(0.03)	0.00	0.10	1.12	(1.13)	2.53	(2.16)	9.14
FCAP	1.91	0.07	(0.01)	0.39	2.02	(2.53)	6.30	(4.11)	14.42
HBCP	1.59	0.00	0.05	0.13	1.74	(1.87)	3.67	(3.12)	10.19
BCBP	1.44	(0.11)	0.00	0.07	1.87	(1.66)	3.54	(2.36)	12.18
AFBI	0.34	0.04	(0.19)	(0.09)	0.45	(0.45)	0.79	(0.65)	4.44
BRKL	1.37	0.13	0.16	0.20	1.15	(1.60)	3.72	(2.11)	14.18
ACNB	1.72	(0.08)	0.05	0.10	2.14	(1.81)	3.39	(3.23)	24.94
BANF	1.61	(0.04)	0.09	0.11	1.45	(1.99)	3.37	(2.90)	20.44

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