Huntington Bancshares Correlations

HBANM Preferred Stock

USD 24.00 0.17 0.71%

The current 90-days correlation between Huntington Bancshares and Huntington Bancshares Incorporated is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Huntington Bancshares moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Huntington Bancshares Incorporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

The ability to find closely correlated positions to Huntington Bancshares could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Huntington Bancshares 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 Huntington Bancshares - 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 Huntington Bancshares Incorporated to buy it.

Moving together with Huntington Preferred Stock

0.64	TFC-PI	Truist Financial	Pair Corr
0.81	TFC-PO	Truist Financial	Pair Corr
0.79	TFC-PR	Truist Financial	Pair Corr
0.71	CFG-PE	Citizens Financial	Pair Corr

Moving against Huntington Preferred Stock

0.61	VBFC	Village Bank	Pair Corr
0.61	TECTP	Tectonic Financial	Pair Corr
0.57	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.54	VBNK	VersaBank Normal Trading	Pair Corr
0.5	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.48	ECBK	ECB Bancorp	Pair Corr
0.46	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.46	CFG-PH	Citizens Financial Group,	Pair Corr
0.45	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.44	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.44	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.44	EBTC	Enterprise Bancorp	Pair Corr
0.43	AX	Axos Financial	Pair Corr
0.38	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.34	KB	KB Financial Group	Pair Corr
0.59	WMPN	William Penn Bancorp	Pair Corr
0.55	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.47	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.47	OCFCP	OceanFirst Financial Corp	Pair Corr
0.45	WSBCP	WesBanco	Pair Corr
0.42	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.4	WCFB	WCF Bancorp	Pair Corr
0.31	EVBN	Evans Bancorp	Pair Corr

Related Correlations Analysis

	HBANP	FITBP	FITBO	KEY-PJ	KEY-PK
HBANP		0.78	0.63	0.43	0.48	HBANP
FITBP	0.78		0.56	0.28	0.38	FITBP
FITBO	0.63	0.56		0.83	0.93	FITBO
KEY-PJ	0.43	0.28	0.83		0.94	KEY-PJ
KEY-PK	0.48	0.38	0.93	0.94		KEY-PK
	HBANP	FITBP	FITBO	KEY-PJ	KEY-PK

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Risk-Adjusted Indicators

There is a big difference between Huntington Preferred Stock performing well and Huntington Bancshares 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 Huntington Bancshares' 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
HBANP	0.74	0.01	(0.11)	0.22	0.82	(0.82)	1.46	(1.39)	3.88
FITBP	0.43	0.02	(0.12)	0.27	0.55	(0.42)	1.12	(1.07)	2.87
FITBO	0.69	0.14	0.05	0.99	0.68	(0.79)	1.46	(1.25)	4.37
KEY-PJ	0.62	0.04	(0.05)	0.29	0.79	(0.64)	1.13	(1.29)	3.35
KEY-PK	0.69	0.06	(0.03)	0.40	0.88	(0.68)	1.30	(1.60)	3.61

Be your own money manager

Our tools can tell you how much better you can do entering a position in Huntington Bancshares 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.

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Huntington Bancshares Corporate Management

Zachary Wasserman	CFO EVP	Profile
Paul Heller	Chief EVP	Profile
Julie Tutkovics	EVP Officer	Profile
Timothy Sedabres	Ex Relations	Profile
Jana Litsey	Sr Counsel	Profile
Michael Jones	Head EVP	Profile
Stephen Steinour	Pres Chairman	Profile

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