Axis Bank Correlations
| AXB Stock | USD 0.63 0.01 1.56% |
The current 90-days correlation between Axis Bank and State Bank of is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axis Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axis Bank Ltd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Axis Bank Correlation With Market
Good diversification
The correlation between Axis Bank Ltd and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Axis Bank Ltd and DJI in the same portfolio, assuming nothing else is changed.
Axis |
The ability to find closely correlated positions to Axis Bank 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 Bank 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 Bank - 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 Bank Ltd to buy it.
Moving against Axis Stock
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Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Axis Stock performing well and Axis Bank Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Axis Bank's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SBID | 0.98 | 0.15 | (0.06) | (0.25) | 1.25 | 2.45 | 8.29 | |||
| RIGD | 1.08 | 0.22 | 0.02 | (1.49) | 1.14 | 3.00 | 10.31 | |||
| LTOD | 0.80 | 0.10 | (0.06) | 3.88 | 0.86 | 1.58 | 6.38 | |||
| TTST | 2.06 | 0.11 | 0.04 | 0.28 | 2.24 | 4.30 | 16.93 | |||
| MHID | 1.54 | 0.31 | 0.08 | 1.32 | 1.74 | 4.87 | 11.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Axis Bank without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Axis Bank Corporate Management
Elected by the shareholders, the Axis Bank's board of directors comprises two types of representatives: Axis Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Axis. The board's role is to monitor Axis Bank's management team and ensure that shareholders' interests are well served. Axis Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Axis Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rudrapriyo Ray | President | Profile | |
| Julius Samson | Co Head | Profile | |
| Puneet Sharma | Group CFO | Profile | |
| Damini Marwah | Pres Legal | Profile | |
| Charanjit Singh | Pres Exec | Profile | |
| Vineet Agrawal | Pres Exec | Profile | |
| Amitabh Chaudhry | CEO MD | Profile |