Axos Cash And Short Term Investments from 2010 to 2024
AX Stock | USD 61.72 0.08 0.13% |
Cash And Short Term Investments | First Reported 2004-12-31 | Previous Quarter 1.8 B | Current Value 2.3 B | Quarterly Volatility 685.6 M |
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 Price To Sales Ratio of 2.89, Dividend Yield of 0.0 or PTB Ratio of 2.24. Axos financial statements analysis is a perfect complement when working with Axos Financial Valuation or Volatility modules.
Axos | Cash And Short Term Investments |
Latest Axos Financial's Cash And Short Term Investments Growth Pattern
Below is the plot of the Cash And Short Term Investments of Axos Financial over the last few years. Short Term Investments is an account in the current assets section of Axos Financial balance sheet. This account contains Axos Financial investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Axos Financial fairly quickly. It is the sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash. Axos Financial's Cash And Short Term Investments 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.
Cash And Short Term Investments | 10 Years Trend |
|
Cash And Short Term Investments |
Timeline |
Axos Cash And Short Term Investments Regression Statistics
Arithmetic Mean | 1,129,968,752 | |
Geometric Mean | 588,225,023 | |
Coefficient Of Variation | 87.07 | |
Mean Deviation | 804,915,802 | |
Median | 803,055,000 | |
Standard Deviation | 983,908,765 | |
Sample Variance | 968076.5T | |
Range | 3B | |
R-Value | 0.91 | |
Mean Square Error | 174794.6T | |
R-Squared | 0.83 | |
Slope | 200,719,598 | |
Total Sum of Squares | 13553070.4T |
Axos Cash And Short Term Investments 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 Cash And Short Term Investments, 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 Next Year | ||
Cash And Short Term Investments | 2.8 B | 3 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
0.94 | BY | Byline Bancorp Financial Report 25th of July 2024 | PairCorr |
Moving against Axos Stock
0.66 | ECBK | ECB Bancorp | 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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.
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.
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios |
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 0.447 | Earnings Share 7.32 | Revenue Per Share 17.291 | Quarterly Revenue Growth 0.279 | Return On Assets 0.0204 |
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.