Huntington Total Stockholder Equity vs Property Plant And Equipment Net Analysis
HBAN Stock | USD 17.62 0.15 0.86% |
Huntington Bancshares financial indicator trend analysis is much more than just examining Huntington Bancshares latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Huntington Bancshares is a good investment. Please check the relationship between Huntington Bancshares Total Stockholder Equity and its Property Plant And Equipment Net accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Huntington Bancshares Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Total Stockholder Equity vs Property Plant And Equipment Net
Total Stockholder Equity vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Huntington Bancshares Total Stockholder Equity account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have strong relationship.
The correlation between Huntington Bancshares' Total Stockholder Equity and Property Plant And Equipment Net is 0.79. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Huntington Bancshares Incorporated, assuming nothing else is changed. The correlation between historical values of Huntington Bancshares' Total Stockholder Equity and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Huntington Bancshares Incorporated are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Total Stockholder Equity i.e., Huntington Bancshares' Total Stockholder Equity and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | 0.79 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Most indicators from Huntington Bancshares' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Huntington Bancshares current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Huntington Bancshares Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Huntington Bancshares' Selling General Administrative is very stable compared to the past year. As of the 22nd of November 2024, Issuance Of Capital Stock is likely to grow to about 412.9 M, while Tax Provision is likely to drop about 322.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 1.6B | 3.8B | 2.4B | 2.5B | Other Operating Expenses | 4.4B | 91M | 8.4B | 8.8B |
Huntington Bancshares fundamental ratios Correlations
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Huntington Bancshares Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Huntington Bancshares fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 1.1B | 1.0B | 1.3B | 1.5B | 1.5B | 1.5B | |
Total Assets | 109.0B | 123.0B | 174.1B | 182.9B | 189.4B | 198.8B | |
Short Long Term Debt Total | 12.5B | 8.5B | 7.4B | 11.7B | 12.4B | 7.3B | |
Other Current Liab | (2.6B) | (112M) | (14M) | (1.8B) | (2M) | (2.1M) | |
Total Current Liabilities | 2.6B | 183M | 334M | 2.5K | 2M | 1.9M | |
Total Stockholder Equity | 11.8B | 13.0B | 19.3B | 17.7B | 19.4B | 20.3B | |
Property Plant And Equipment Net | 763M | 757M | 1.2B | 1.2B | 1.1B | 601.1M | |
Net Debt | 11.2B | 1.8B | 1.5B | 4.8B | 2.1B | 2.0B | |
Retained Earnings | 2.1B | 1.9B | 2.2B | 3.4B | 4.3B | 4.5B | |
Cash | 1.3B | 6.7B | 5.9B | 6.9B | 10.3B | 10.8B | |
Non Current Assets Total | 27.0B | 29.0B | 48.7B | 5.7K | 7.3B | 11.9B | |
Non Currrent Assets Other | (27.0B) | (29.0B) | (48.7B) | (48.8B) | (7.3B) | (7.7B) | |
Other Assets | 66.6B | 70.8B | 86.0B | 182.9B | 171.9B | 180.5B | |
Cash And Short Term Investments | 15.4B | 23.2B | 34.4B | 25.1K | 10.1B | 6.4B | |
Liabilities And Stockholders Equity | 109.0B | 123.0B | 174.1B | 182.9B | 189.4B | 198.8B | |
Non Current Liabilities Total | 9.8B | 8.4B | 7.1B | 112.1K | 169.4B | 177.8B | |
Other Stockholder Equity | 8.8B | 8.7B | 15.1B | 15.2B | 15.3B | 16.1B | |
Total Liab | 97.2B | 110.0B | 154.7B | 165.1B | 170.0B | 178.5B | |
Total Current Assets | 15.4B | 23.2B | 39.3B | 25.1K | 10.1B | 9.9B | |
Short Term Debt | 2.6B | 112M | 14M | 1.8B | 2M | 1.9M | |
Property Plant And Equipment Gross | 763M | 757M | 2.2B | 2.3B | 2.3B | 2.4B | |
Accumulated Other Comprehensive Income | (256M) | 192M | (229M) | (3.1B) | (2.7B) | (2.5B) | |
Other Liab | 2.1B | 2.6B | 4.0B | 4.0B | 4.6B | 4.9B | |
Accounts Payable | 82.3B | 98.9B | 143.3B | 147.9B | 170.1B | 178.6B | |
Long Term Debt | 9.8B | 8.4B | 7.1B | 9.7B | 12.4B | 6.3B | |
Short Term Investments | 14.1B | 16.5B | 28.5B | 23.4B | 25.3B | 26.6B | |
Inventory | 11M | (9.0B) | (6.4B) | (13.7B) | (17.2B) | (16.3B) | |
Treasury Stock | (45M) | (56M) | (59M) | (79M) | (90.9M) | (95.4M) | |
Property Plant Equipment | 763M | 757M | 1.2B | 1.2B | 1.0B | 640.7M | |
Intangible Assets | 475M | 428M | 611M | 712M | 672M | 403.0M | |
Other Current Assets | 1.4B | 6.8B | 6.4B | 6.9B | 10.4B | 9.8B | |
Net Tangible Assets | 8.1B | 8.4B | 11.5B | 9.3B | 10.7B | 7.6B | |
Retained Earnings Total Equity | 2.1B | 1.9B | 2.2B | 3.4B | 3.9B | 4.1B | |
Long Term Debt Total | 9.8B | 8.4B | 7.1B | 9.7B | 11.1B | 7.3B |
Pair Trading with Huntington Bancshares
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 Huntington Bancshares 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 Huntington Bancshares will appreciate offsetting losses from the drop in the long position's value.Moving together with Huntington Stock
0.9 | AX | Axos Financial | PairCorr |
0.89 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
0.95 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Huntington Stock
0.52 | TFC-PO | Truist Financial | PairCorr |
0.5 | WF | Woori Financial Group | PairCorr |
0.45 | TFC-PR | Truist Financial | PairCorr |
0.43 | CFG-PE | Citizens Financial | PairCorr |
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.
The correlation of Huntington Bancshares 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 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 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 Huntington Bancshares 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Huntington Bancshares Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Regional Banks space 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 Huntington Bancshares. If investors know Huntington 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 Huntington Bancshares 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 (0.06) | Dividend Share 0.62 | Earnings Share 1.03 | Revenue Per Share 4.613 | Quarterly Revenue Growth (0.01) |
The market value of Huntington Bancshares is measured differently than its book value, which is the value of Huntington that is recorded on the company's balance sheet. Investors also form their own opinion of Huntington Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Huntington Bancshares' 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 Huntington Bancshares' market value can be influenced by many factors that don't directly affect Huntington Bancshares' 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 Huntington Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Huntington Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Huntington Bancshares' 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.