AXIS Cash And Equivalents vs Other Stockholder Equity Analysis
| AXS Stock | USD 60.64 1.26 2.04% |
AXIS Capital financial indicator trend analysis is way more than just evaluating AXIS Capital Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether AXIS Capital Holdings is a good investment. Please check the relationship between AXIS Capital Cash And Equivalents and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AXIS Capital Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
Cash And Equivalents vs Other Stockholder Equity
Cash And Equivalents vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of AXIS Capital Holdings Cash And Equivalents account and Other Stockholder Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between AXIS Capital's Cash And Equivalents and Other Stockholder Equity is 0.01. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of AXIS Capital Holdings, assuming nothing else is changed. The correlation between historical values of AXIS Capital's Cash And Equivalents and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of AXIS Capital Holdings are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Cash And Equivalents i.e., AXIS Capital's Cash And Equivalents and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.01 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Cash And Equivalents
Other Stockholder Equity
Most indicators from AXIS Capital's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into AXIS Capital Holdings current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in AXIS Capital Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. At this time, AXIS Capital's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 100.2 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.07 in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 5.3B | 5.1B | 5.6B | 4.1B | Total Revenue | 5.3B | 5.1B | 5.6B | 4.1B |
AXIS Capital fundamental ratios Correlations
Click cells to compare fundamentals
AXIS Capital Account Relationship Matchups
High Positive Relationship
High Negative Relationship
AXIS Capital fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 25.6B | 25.9B | 27.4B | 27.6B | 28.3B | 20.2B | |
| Total Stockholder Equity | 5.5B | 5.3B | 5.4B | 4.6B | 5.3B | 5.4B | |
| Other Liab | 10.9B | 1.4B | 1.8B | 12.9B | 14.8B | 15.6B | |
| Retained Earnings | 6.1B | 5.8B | 6.2B | 6.2B | 6.4B | 4.7B | |
| Accounts Payable | 1.3B | 1.1B | 1.3B | 1.5B | 1.8B | 1.9B | |
| Cash | 1.2B | 902.8M | 844.6M | 751.4M | 1.4B | 1.3B | |
| Non Current Assets Total | 13.5B | 13.3B | 14.0B | 13.1B | 16.5B | 17.4B | |
| Non Currrent Assets Other | (13.5B) | (13.3B) | (14.0B) | (13.1B) | (441.0M) | (463.1M) | |
| Other Assets | (9.1B) | (8.2B) | (8.2B) | (6.9B) | (6.2B) | (5.9B) | |
| Net Receivables | 7.4B | 7.7B | 8.4B | 9.2B | 10.1B | 10.6B | |
| Common Stock Shares Outstanding | 84.5M | 84.3M | 85.3M | 85.7M | 86.0M | 96.2M | |
| Short Term Investments | 12.5B | 12.2B | 12.3B | 11.4B | 17.2M | 16.4M | |
| Liabilities And Stockholders Equity | 25.6B | 25.9B | 27.4B | 27.6B | 28.3B | 20.2B | |
| Other Stockholder Equity | (1.5B) | (1.4B) | (1.4B) | (1.4B) | (1.4B) | (1.3B) | |
| Total Liab | 20.1B | 20.6B | 22.0B | 23.0B | 23.1B | 14.8B | |
| Total Current Assets | 21.1B | 20.8B | 21.5B | 21.4B | 11.8B | 16.4B | |
| Intangible Assets | 230.6M | 219.6M | 208.7M | 197.8M | 186.9M | 115.3M | |
| Other Current Liab | (1.3B) | (1.1B) | (1.3B) | (102.6M) | 16.4B | 17.3B | |
| Total Current Liabilities | 1.3B | 1.1B | 1.3B | 1.5B | 18.3B | 10.3B | |
| Net Debt | 682.6M | 547.1M | 585.9M | 744.9M | 138.6M | 145.6M | |
| Cash And Short Term Investments | 13.7B | 13.1B | 13.2B | 12.1B | 5.3B | 8.8B | |
| Other Current Assets | 9.0B | 9.4B | 9.7B | 10.5B | 11.8B | 12.4B | |
| Accumulated Other Comprehensive Income | 171.7M | 414.4M | 56.5M | (760.3M) | (365.8M) | (347.5M) | |
| Short Long Term Debt Total | 1.9B | 1.4B | 1.4B | 1.5B | 1.5B | 1.1B | |
| Long Term Debt | 1.8B | 1.3B | 1.3B | 1.3B | 1.4B | 1.1B | |
| Non Current Liabilities Total | 1.9B | 1.4B | 1.4B | 1.5B | 4.8B | 5.1B | |
| Treasury Stock | (3.8B) | (3.8B) | (3.8B) | (3.7B) | (3.4B) | (3.5B) | |
| Inventory | (9.0B) | (9.4B) | (9.7B) | (10.5B) | (15.4B) | (14.6B) | |
| Net Tangible Assets | 4.4B | 4.4B | 4.6B | 3.8B | 3.4B | 3.7B | |
| Retained Earnings Total Equity | 5.9B | 6.1B | 5.8B | 6.2B | 7.1B | 5.7B | |
| Long Term Debt Total | 1.8B | 1.3B | 1.3B | 1.3B | 1.5B | 1.3B | |
| Capital Surpluse | 2.3B | 2.3B | 2.3B | 2.4B | 2.7B | 2.5B | |
| Long Term Investments | 14.4B | 14.3B | 13.6B | 12.7B | 13.7B | 15.0B | |
| Non Current Liabilities Other | 17.6B | 18.2B | 19.2B | 20.6B | 23.7B | 16.8B |
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
| 0.68 | ACT | Enact Holdings Financial Report 1st of May 2024 | PairCorr |
| 0.8 | AIZ | Assurant Financial Report 7th of May 2024 | PairCorr |
Moving against AXIS Stock
| 0.51 | ITIC | Investors Title | 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in AXIS Capital Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.