AXIS Cash And Equivalents from 2010 to 2024

AXS Stock  USD 65.02  0.03  0.05%   
AXIS Capital Cash And Equivalents yearly trend continues to be comparatively stable with very little volatility. Cash And Equivalents will likely drop to about 843.9 M in 2024. From the period from 2010 to 2024, AXIS Capital Cash And Equivalents quarterly data regression had r-value of (0.16) and coefficient of variation of  11.53. View All Fundamentals
 
Cash And Equivalents  
First Reported
2010-12-31
Previous Quarter
1.1 B
Current Value
843.9 M
Quarterly Volatility
119.4 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check AXIS Capital financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AXIS main balance sheet or income statement drivers, such as Depreciation And Amortization of 79.3 M, Interest Expense of 53.2 M or Selling General Administrative of 718.7 M, as well as many exotic indicators such as Short Term Coverage Ratios of 75.15, Price Earnings Ratio of 17.29 or Price To Sales Ratio of 1.64. AXIS financial statements analysis is a perfect complement when working with AXIS Capital Valuation or Volatility modules.
  
This module can also supplement AXIS Capital's financial leverage analysis and stock options assessment as well as various AXIS Capital Technical models . Check out the analysis of AXIS Capital Correlation against competitors.

Latest AXIS Capital's Cash And Equivalents Growth Pattern

Below is the plot of the Cash And Equivalents of AXIS Capital Holdings over the last few years. It is AXIS Capital's Cash And Equivalents historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AXIS Capital's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 1.17 B10 Years Trend
Pretty Stable
   Cash And Equivalents   
       Timeline  

AXIS Cash And Equivalents Regression Statistics

Arithmetic Mean1,034,811,334
Geometric Mean1,028,357,559
Coefficient Of Variation11.53
Mean Deviation79,906,270
Median1,039,494,000
Standard Deviation119,358,758
Sample Variance14246.5T
Range397.2M
R-Value(0.16)
Mean Square Error14959.7T
R-Squared0.02
Significance0.57
Slope(4,215,188)
Total Sum of Squares199451.2T

AXIS Cash And Equivalents History

2024843.9 M
20231.1 B
20221.2 B
2021844.6 M
2020902.8 M
20191.2 B
20181.2 B

About AXIS Capital Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include AXIS Capital income statement, its balance sheet, and the statement of cash flows. AXIS Capital investors use historical funamental indicators, such as AXIS Capital's Cash And Equivalents, to determine how well the company is positioned to perform in the future. Although AXIS Capital investors may use each financial statement separately, they are all related. The changes in AXIS Capital's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on AXIS Capital'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 AXIS Capital Financial Statements. Understanding these patterns can help to make the right decision on long term investment in AXIS Capital. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Cash And Equivalents1.1 B843.9 M

Pair Trading with AXIS Capital

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 AXIS Capital 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 AXIS Capital will appreciate offsetting losses from the drop in the long position's value.

Moving together with AXIS Stock

  0.9AGO Assured Guaranty Financial Report 14th of May 2024 PairCorr
  0.92AIZ Assurant Financial Report 7th of May 2024 PairCorr

Moving against AXIS Stock

  0.75FAF First American Normal TradingPairCorr
The ability to find closely correlated positions to AXIS Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AXIS Capital 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 AXIS Capital - 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 AXIS Capital Holdings to buy it.
The correlation of AXIS Capital 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 AXIS Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AXIS Capital Holdings 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 AXIS Capital 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.
Pair CorrelationCorrelation Matching
When determining whether AXIS Capital Holdings is a strong investment it is important to analyze AXIS Capital's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact AXIS Capital's future performance. For an informed investment choice regarding AXIS Stock, refer to the following important reports:
Check out the analysis of AXIS Capital Correlation against competitors.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

Complementary Tools for AXIS Stock analysis

When running AXIS Capital's price analysis, check to measure AXIS Capital'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 Capital is operating at the current time. Most of AXIS Capital's value examination focuses on studying past and present price action to predict the probability of AXIS Capital'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 Capital's price. Additionally, you may evaluate how the addition of AXIS Capital to your portfolios can decrease your overall portfolio volatility.
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Share Portfolio
Track or share privately all of your investments from the convenience of any device
Competition Analyzer
Analyze and compare many basic indicators for a group of related or unrelated entities
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Money Managers
Screen money managers from public funds and ETFs managed around the world
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Is AXIS Capital'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 AXIS Capital. If investors know AXIS 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 AXIS Capital 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
4.226
Dividend Share
1.76
Earnings Share
4.02
Revenue Per Share
66.282
Quarterly Revenue Growth
0.023
The market value of AXIS Capital Holdings is measured differently than its book value, which is the value of AXIS that is recorded on the company's balance sheet. Investors also form their own opinion of AXIS Capital's value that differs from its market value or its book value, called intrinsic value, which is AXIS Capital'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 AXIS Capital's market value can be influenced by many factors that don't directly affect AXIS Capital'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 AXIS Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if AXIS Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AXIS Capital'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.