AXIS Pretax Profit Margin from 2010 to 2024
| AXS Stock | USD 62.18 0.29 0.46% |
Pretax Profit Margin | First Reported 2010-12-31 | Previous Quarter 0.07093319 | Current Value 0.0674 | Quarterly Volatility 0.14897778 |
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 Price To Sales Ratio of 1.64, Dividend Yield of 0.0265 or PTB Ratio of 1.09. AXIS financial statements analysis is a perfect complement when working with AXIS Capital Valuation or Volatility modules.
AXIS | Pretax Profit Margin |
Latest AXIS Capital's Pretax Profit Margin Growth Pattern
Below is the plot of the Pretax Profit Margin of AXIS Capital Holdings over the last few years. It is AXIS Capital's Pretax Profit Margin 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.
| Pretax Profit Margin | 10 Years Trend |
|
Pretax Profit Margin |
| Timeline |
AXIS Pretax Profit Margin Regression Statistics
| Arithmetic Mean | 0.11 | |
| Geometric Mean | 0.07 | |
| Coefficient Of Variation | 134.86 | |
| Mean Deviation | 0.1 | |
| Median | 0.07 | |
| Standard Deviation | 0.15 | |
| Sample Variance | 0.02 | |
| Range | 0.6493 | |
| R-Value | (0.52) | |
| Mean Square Error | 0.02 | |
| R-Squared | 0.27 | |
| Significance | 0.05 | |
| Slope | (0.02) | |
| Total Sum of Squares | 0.31 |
AXIS Pretax Profit Margin History
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 Pretax Profit Margin, 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 Reported | Projected for Next Year | ||
| Pretax Profit Margin | 0.07 | 0.07 |
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
| 0.64 | ACT | Enact Holdings Financial Report 1st of May 2024 | PairCorr |
| 0.84 | AIZ | Assurant Financial Report 7th of May 2024 | PairCorr |
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.Check out the analysis of AXIS Capital Correlation against competitors. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
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.
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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.