AXIS Cash Flow Overview

AXS Stock  USD 65.02  0.03  0.05%   
Most accounts from AXIS Capital's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts 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 cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out AXIS Capital Valuation and AXIS Capital Correlation analysis.
  
At this time, AXIS Capital's Exchange Rate Changes is comparatively stable compared to the past year. Change To Netincome is likely to gain to about 572 M in 2024, whereas Other Cashflows From Financing Activities is likely to drop (13.8 M) in 2024.
Most accounts from AXIS Capital's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts 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 cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out AXIS Capital Valuation and AXIS Capital Correlation analysis.
At this time, AXIS Capital's Exchange Rate Changes is comparatively stable compared to the past year. Change To Netincome is likely to gain to about 572 M in 2024, whereas Other Cashflows From Financing Activities is likely to drop (13.8 M) in 2024.

AXIS Capital cash flow statement Correlations

-0.12-0.14-0.24-0.40.22-0.07-0.15-0.030.320.140.050.080.290.19-0.280.170.020.69-0.160.31-0.5
-0.120.55-0.42-0.12-0.07-0.50.250.5-0.480.370.190.50.0-0.680.7-0.39-0.22-0.370.440.00.1
-0.140.55-0.270.01-0.53-0.510.12-0.21-0.390.16-0.1-0.30.25-0.440.56-0.240.13-0.360.04-0.110.47
-0.24-0.42-0.270.630.40.34-0.75-0.280.830.110.39-0.180.40.01-0.66-0.070.71-0.340.380.19-0.06
-0.4-0.120.010.630.370.25-0.45-0.350.380.250.47-0.240.170.0-0.21-0.180.67-0.570.530.370.21
0.22-0.07-0.530.40.370.33-0.450.010.50.280.810.450.10.02-0.39-0.190.41-0.190.530.66-0.5
-0.07-0.5-0.510.340.250.33-0.190.00.30.180.110.01-0.080.13-0.550.160.09-0.040.030.23-0.39
-0.150.250.12-0.75-0.45-0.45-0.190.31-0.81-0.45-0.320.2-0.730.050.640.12-0.760.02-0.51-0.440.25
-0.030.5-0.21-0.28-0.350.010.00.31-0.30.38-0.120.7-0.24-0.490.320.01-0.580.030.17-0.05-0.34
0.32-0.48-0.390.830.380.50.3-0.81-0.30.130.37-0.140.520.18-0.840.040.670.120.270.29-0.31
0.140.370.160.110.250.280.18-0.450.380.130.220.240.43-0.580.01-0.140.28-0.140.520.53-0.38
0.050.19-0.10.390.470.810.11-0.32-0.120.370.220.420.0-0.06-0.22-0.530.5-0.470.530.42-0.08
0.080.5-0.3-0.18-0.240.450.010.20.7-0.140.240.42-0.37-0.320.17-0.36-0.31-0.150.370.19-0.43
0.290.00.250.40.170.1-0.08-0.73-0.240.520.430.0-0.37-0.36-0.210.150.5-0.010.370.43-0.34
0.19-0.68-0.440.010.00.020.130.05-0.490.18-0.58-0.06-0.32-0.36-0.45-0.02-0.070.52-0.38-0.280.3
-0.280.70.56-0.66-0.21-0.39-0.550.640.32-0.840.01-0.220.17-0.21-0.450.02-0.46-0.330.04-0.130.24
0.17-0.39-0.24-0.07-0.18-0.190.160.120.010.04-0.14-0.53-0.360.15-0.020.02-0.060.33-0.43-0.04-0.34
0.02-0.220.130.710.670.410.09-0.76-0.580.670.280.5-0.310.5-0.07-0.46-0.06-0.30.310.420.01
0.69-0.37-0.36-0.34-0.57-0.19-0.040.020.030.12-0.14-0.47-0.15-0.010.52-0.330.33-0.3-0.51-0.2-0.19
-0.160.440.040.380.530.530.03-0.510.170.270.520.530.370.37-0.380.04-0.430.31-0.510.52-0.21
0.310.0-0.110.190.370.660.23-0.44-0.050.290.530.420.190.43-0.28-0.13-0.040.42-0.20.52-0.65
-0.50.10.47-0.060.21-0.5-0.390.25-0.34-0.31-0.38-0.08-0.43-0.340.30.24-0.340.01-0.19-0.21-0.65
Click cells to compare fundamentals

AXIS Capital Account Relationship Matchups

AXIS Capital cash flow statement Accounts

201920202021202220232024 (projected)
Change In Cash(253.6M)(73.2M)(185.5M)(143.0M)209.3M219.8M
Free Cash Flow199.0M343.5M1.1B692.2M1.2B642.3M
Depreciation75.2M65.8M67.0M68.3M75.6M42.0M
Other Non Cash Items26.7M5.1M3.9M425.2M235.8M247.6M
Capital Expenditures63.1M44.7M38.7M36.8M31.1M29.6M
Net Income323.5M(120.4M)618.6M223.1M376.3M347.6M
End Period Cash Flow1.6B1.5B1.3B1.2B1.4B1.3B
Change To Inventory447.2M1.2B927.8M1.3B1.5B1.6B
Dividends Paid179.8M173.4M175.9M179.6M(184.0M)(174.8M)
Investments(711.2M)534.6M(1.1B)(655.8M)(1.1B)(1.1B)
Change Receivables(773.7M)(549.8M)(732.4M)(362.9M)(326.6M)(342.9M)
Change To Netincome(43.3M)16.6M(174.7M)473.7M544.7M572.0M

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 AXIS Capital Valuation and AXIS Capital Correlation analysis.
You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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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.