Huntington Bancshares Incorporated Stock Market Value
| HBAN Stock | USD 17.89 0.27 1.53% |
| Symbol | Huntington |
Huntington Bancshares Price To Book Ratio
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.
Huntington Bancshares '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 Huntington Bancshares' 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 Huntington Bancshares.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Huntington Bancshares on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Huntington Bancshares Incorporated or generate 0.0% return on investment in Huntington Bancshares over 720 days. Huntington Bancshares is related to or competes with Zions Bancorporation, Comerica, Western Alliance, US Bancorp, KeyCorp, PNC Financial, and Regions Financial. Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides c... More
Huntington Bancshares 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 Huntington Bancshares' 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 Huntington Bancshares Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.1239 | |||
| Maximum Drawdown | 14.2 | |||
| Value At Risk | (2.28) | |||
| Potential Upside | 2.87 |
Huntington Bancshares Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Huntington Bancshares' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Huntington Bancshares' standard deviation. In reality, there are many statistical measures that can use Huntington Bancshares historical prices to predict the future Huntington Bancshares' volatility.| Risk Adjusted Performance | 0.1503 | |||
| Jensen Alpha | 0.1287 | |||
| Total Risk Alpha | 0.0521 | |||
| Sortino Ratio | 0.2205 | |||
| Treynor Ratio | 0.1841 |
Huntington Bancshares Backtested Returns
Huntington Bancshares appears to be not too volatile, given 3 months investment horizon. Huntington Bancshares holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found thirty technical indicators for Huntington Bancshares, which you can use to evaluate the volatility of the firm. Please utilize Huntington Bancshares' Market Risk Adjusted Performance of 0.1941, risk adjusted performance of 0.1503, and Downside Deviation of 1.15 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Huntington Bancshares holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of 2.03, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Huntington Bancshares will likely underperform. Please check Huntington Bancshares' sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Huntington Bancshares' current trending patterns will revert.
Auto-correlation | -0.53 |
Good reverse predictability
Huntington Bancshares Incorporated has good reverse predictability. Overlapping area represents the amount of predictability between Huntington Bancshares time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Huntington Bancshares price movement. The serial correlation of -0.53 indicates that about 53.0% of current Huntington Bancshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 2.09 |
Huntington Bancshares lagged returns against current returns
Autocorrelation, which is Huntington Bancshares 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 Huntington Bancshares' stock expected returns. We can calculate the autocorrelation of Huntington Bancshares returns to help us make a trade decision. For example, suppose you find that Huntington Bancshares has exhibited high autocorrelation historically, and you observe that the 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 |
Huntington Bancshares 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 Huntington Bancshares stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huntington Bancshares stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Huntington Bancshares stock over time.
Current vs Lagged Prices |
| Timeline |
Huntington Bancshares Lagged Returns
When evaluating Huntington Bancshares' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Huntington Bancshares stock have on its future price. Huntington Bancshares 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, Huntington Bancshares autocorrelation shows the relationship between Huntington Bancshares stock current value and its past values and can show if there is a momentum factor associated with investing in Huntington Bancshares Incorporated.
Regressed Prices |
| Timeline |
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
| 0.91 | AX | Axos Financial | PairCorr |
| 0.9 | 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
| 0.57 | TFC-PO | Truist Financial | PairCorr |
| 0.51 | TFC-PR | Truist Financial | PairCorr |
| 0.5 | CFG-PE | Citizens Financial | PairCorr |
| 0.46 | WF | Woori Financial Group | 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 Huntington Bancshares Correlation, Huntington Bancshares Volatility and Huntington Bancshares Alpha and Beta module to complement your research on Huntington Bancshares. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Huntington Bancshares technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.