Axis Bank (UK) Price on June 5, 2024
| AXB Stock | 63.40 0.60 0.94% |
Below is the normalized historical share price chart for Axis Bank Ltd extending back to March 16, 2005. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Axis Bank stands at 63.40, as last reported on the 22nd of December, with the highest price reaching 63.40 and the lowest price hitting 62.20 during the day.
If you're considering investing in Axis Stock, it is important to understand the factors that can impact its price. Axis Bank secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. Axis Bank Ltd exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Axis Bank's Mean Deviation of 1.06, standard deviation of 1.39, and Risk Adjusted Performance of (0.13) to double-check the risk estimate we provide.
At present, Axis Bank's Liabilities And Stockholders Equity is projected to increase significantly based on the last few years of reporting. The current year's Other Stockholder Equity is expected to grow to about 956.8 B, whereas Common Stock Shares Outstanding is forecasted to decline to about 487.8 M. . Axis Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 66.851 | 50 Day MA 73.816 | Beta 0.944 |
Axis |
Sharpe Ratio = -0.1768
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| Negative Returns | AXB |
Estimated Market Risk
| 1.38 actual daily | 12 88% of assets are more volatile |
Expected Return
| -0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Axis Bank is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Axis Bank by adding Axis Bank to a well-diversified portfolio.
Price Book 1.9327 | Price Sales 0.0426 | Shares Float 2.7 B | Dividend Share 1 | Wall Street Target Price 78.9038 |
Axis Bank Valuation on June 5, 2024
It is possible to determine the worth of Axis Bank on a given historical date. On June 5, 2024 Axis was worth 69.16 at the beginning of the trading date compared to the closed value of 71.96. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Axis Bank stock. Still, in general, we apply an absolute valuation method to find Axis Bank's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Axis Bank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Axis Bank's related companies.
| Open | High | Low | Close | Volume | |
| 68.16 | 70.16 | 67.56 | 68.56 | 23,283 | |
06/05/2024 | 69.16 | 72.36 | 69.16 | 71.96 | 31,953 |
| 70.96 | 71.16 | 70.36 | 70.76 | 10,523 |
| Backtest Axis Bank | | | Axis Bank History | | | Axis Bank Valuation | Previous | Next |
Axis Bank Trading Date Momentum on June 5, 2024
| On June 06 2024 Axis Bank Ltd was traded for 70.76 at the closing time. The highest price during the trading period was 71.16 and the lowest recorded bid was listed for 70.36 . The volume for the day was 10.5 K. This history from June 6, 2024 contributed to the next trading day price decline. The overall trading delta to the next closing price was 1.67% . The overall trading delta to the current price is 0.83% . |
Axis Bank Fundamentals Correlations and Trends
By evaluating Axis Bank's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Axis Bank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Axis financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Axis Bank Stock history
Axis Bank investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Axis is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Axis Bank will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Axis Bank stock prices may prove useful in developing a viable investing in Axis Bank
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 620.8 M | 487.8 M | |
| Net Income Applicable To Common Shares | 124.4 B | 72.4 B |
Axis Bank Stock Technical Analysis
Axis Bank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Axis Bank Period Price Range
Low | December 22, 2024
| High |
0.00 | 0.00 |
Axis Bank Ltd cannot be verified against its exchange. Please verify the symbol is currently traded on London Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Axis Bank December 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Axis Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Axis Bank shares will generate the highest return on investment. By undertsting and applying Axis Bank stock market strength indicators, traders can identify Axis Bank Ltd entry and exit signals to maximize returns
Axis Bank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Axis Bank's price direction in advance. Along with the technical and fundamental analysis of Axis Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Axis to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | 6.06 |
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Complementary Tools for Axis Stock analysis
When running Axis Bank's price analysis, check to measure Axis Bank'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 Axis Bank is operating at the current time. Most of Axis Bank's value examination focuses on studying past and present price action to predict the probability of Axis Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axis Bank's price. Additionally, you may evaluate how the addition of Axis Bank to your portfolios can decrease your overall portfolio volatility.
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