Axis Capital Holdings Preferred Stock Market Value
| AXS-PE Preferred Stock | USD 23.06 0.46 2.04% |
| Symbol | AXIS |
AXIS Capital 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to AXIS Capital's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of AXIS Capital.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in AXIS Capital on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding AXIS Capital Holdings or generate 0.0% return on investment in AXIS Capital over 30 days. AXIS Capital is related to or competes with Ambac Financial, Employers Holdings, James River, Assured Guaranty, ICC Holdings, Assurant, and AMERISAFE. AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products w... More
AXIS Capital Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure AXIS Capital's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess AXIS Capital Holdings upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7197 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.13 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.24 |
AXIS Capital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AXIS Capital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AXIS Capital's standard deviation. In reality, there are many statistical measures that can use AXIS Capital historical prices to predict the future AXIS Capital's volatility.| Risk Adjusted Performance | 0.0745 | |||
| Jensen Alpha | 0.046 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.516 |
AXIS Capital Holdings Backtested Returns
At this point, AXIS Capital is very steady. AXIS Capital Holdings secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for AXIS Capital Holdings, which you can use to evaluate the volatility of the firm. Please confirm AXIS Capital's Semi Deviation of 0.6031, risk adjusted performance of 0.0745, and Mean Deviation of 0.5683 to double-check if the risk estimate we provide is consistent with the expected return of 0.0897%. AXIS Capital has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.12, which signifies not very significant fluctuations relative to the market. As returns on the market increase, AXIS Capital's returns are expected to increase less than the market. However, during the bear market, the loss of holding AXIS Capital is expected to be smaller as well. AXIS Capital Holdings currently shows a risk of 0.72%. Please confirm AXIS Capital Holdings standard deviation, value at risk, kurtosis, as well as the relationship between the sortino ratio and semi variance , to decide if AXIS Capital Holdings will be following its price patterns.
Auto-correlation | 0.39 |
Below average predictability
AXIS Capital Holdings has below average predictability. Overlapping area represents the amount of predictability between AXIS Capital time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AXIS Capital Holdings price movement. The serial correlation of 0.39 indicates that just about 39.0% of current AXIS Capital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
AXIS Capital Holdings lagged returns against current returns
Autocorrelation, which is AXIS Capital preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting AXIS Capital's preferred stock expected returns. We can calculate the autocorrelation of AXIS Capital returns to help us make a trade decision. For example, suppose you find that AXIS Capital has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
AXIS Capital regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If AXIS Capital preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if AXIS Capital preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in AXIS Capital preferred stock over time.
Current vs Lagged Prices |
| Timeline |
AXIS Capital Lagged Returns
When evaluating AXIS Capital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of AXIS Capital preferred stock have on its future price. AXIS Capital autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, AXIS Capital autocorrelation shows the relationship between AXIS Capital preferred stock current value and its past values and can show if there is a momentum factor associated with investing in AXIS Capital Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in AXIS Preferred Stock
AXIS Capital financial ratios help investors to determine whether AXIS Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AXIS with respect to the benefits of owning AXIS Capital security.