Fifth Third Bancorp Preferred Stock Market Value
| FITBP Preferred Stock | USD 25.00 0.18 0.73% |
| Symbol | Fifth |
Fifth Third '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 Fifth Third'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 Fifth Third.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Fifth Third on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Fifth Third Bancorp or generate 0.0% return on investment in Fifth Third over 30 days. Fifth Third is related to or competes with Fifth Third, Fifth Third, First Citizens, Huntington Bancshares, and Valley National. Fifth Third is a bank thats as long on innovation as it is on history More
Fifth Third 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 Fifth Third'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 Fifth Third Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6681 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.87 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.12 |
Fifth Third Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fifth Third's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fifth Third's standard deviation. In reality, there are many statistical measures that can use Fifth Third historical prices to predict the future Fifth Third's volatility.| Risk Adjusted Performance | 0.0777 | |||
| Jensen Alpha | 0.0357 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.3852 |
Fifth Third Bancorp Backtested Returns
Currently, Fifth Third Bancorp is very steady. Fifth Third Bancorp secures Sharpe Ratio (or Efficiency) of 0.0738, which denotes the company had a 0.0738% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fifth Third Bancorp, which you can use to evaluate the volatility of the firm. Please confirm Fifth Third's Mean Deviation of 0.431, downside deviation of 0.6681, and Coefficient Of Variation of 945.22 to check if the risk estimate we provide is consistent with the expected return of 0.0428%. Fifth Third has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which means not very significant fluctuations relative to the market. As returns on the market increase, Fifth Third's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fifth Third is expected to be smaller as well. Fifth Third Bancorp right now shows a risk of 0.58%. Please confirm Fifth Third Bancorp value at risk, and the relationship between the jensen alpha and skewness , to decide if Fifth Third Bancorp will be following its price patterns.
Auto-correlation | 0.23 |
Weak predictability
Fifth Third Bancorp has weak predictability. Overlapping area represents the amount of predictability between Fifth Third time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Fifth Third Bancorp price movement. The serial correlation of 0.23 indicates that over 23.0% of current Fifth Third price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Fifth Third Bancorp lagged returns against current returns
Autocorrelation, which is Fifth Third 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 Fifth Third's preferred stock expected returns. We can calculate the autocorrelation of Fifth Third returns to help us make a trade decision. For example, suppose you find that Fifth Third 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 |
Fifth Third 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 Fifth Third preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fifth Third preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fifth Third preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Fifth Third Lagged Returns
When evaluating Fifth Third's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fifth Third preferred stock have on its future price. Fifth Third 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, Fifth Third autocorrelation shows the relationship between Fifth Third preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Fifth Third Bancorp.
Regressed Prices |
| Timeline |
Pair Trading with Fifth Third
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 Fifth Third 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 Fifth Third will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Fifth Third could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fifth Third 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 Fifth Third - 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 Fifth Third Bancorp to buy it.
The correlation of Fifth Third 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 Fifth Third moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fifth Third Bancorp 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 Fifth Third 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.Additional Tools for Fifth Preferred Stock Analysis
When running Fifth Third's price analysis, check to measure Fifth Third's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fifth Third is operating at the current time. Most of Fifth Third's value examination focuses on studying past and present price action to predict the probability of Fifth Third's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fifth Third's price. Additionally, you may evaluate how the addition of Fifth Third to your portfolios can decrease your overall portfolio volatility.