Axos Financial, Inc. Common Stock (AX) — Stock Correlations & Overview
Over the past year, AX has moved most closely with DPST, KBE, KRE. Explore the stocks most correlated and inversely correlated with AX below, along with its price, financials, and company profile.
Stocks correlated with AX
Correlation of daily returns. Higher positive values move with AX; negative values move opposite it. Informational only, not investment advice.
Most correlated with AX
| Symbol | Company | Correlation |
|---|---|---|
| DPST | Direxion Daily Regional Banks Bull 3X ETF | 0.82 |
| KBE | State Street SPDR S&P Bank ETF | 0.82 |
| KRE | State Street SPDR S&P Regional Banking ETF | 0.82 |
| QABA | First Trust NASDAQ ABA Community Bank Index Fund | 0.81 |
| PSCF | Invesco S&P SmallCap Financials ETFINVESTMENT ADVICE | 0.79 |
Most inversely correlated with AX
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.82 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.63 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.62 |
| SEF | ProShares Short Financials | -0.62 |
| SKF | ProShares UltraShort Financials | -0.62 |
Frequently asked questions about AX correlations
- Which stocks are most correlated with AX?
- Based on one year of daily returns, the stocks most correlated with Axos Financial, Inc. Common Stock (AX) are DPST (0.82), KBE (0.82) and KRE (0.82). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with AX?
- Over the past year, the stocks most inversely correlated with Axos Financial, Inc. Common Stock (AX) are SKRE (-0.82), FAZ (-0.63) and BNKD (-0.62). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these AX correlations calculated?
- We compute the correlation of daily returns between AX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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