Huntington Bancshares Incorporated Preferred Stock Market Value
| HBANP Preferred Stock | USD 19.15 0.04 0.21% |
| Symbol | Huntington |
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' 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 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 Fifth Third, Huntington Bancshares, Washington Federal, Fifth Third, and Fifth Third. 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' 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 Huntington Bancshares Incorporated upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9043 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.88 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.46 |
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 | 0.0251 | |||
| Jensen Alpha | 0.0262 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.26) |
Huntington Bancshares Backtested Returns
Currently, Huntington Bancshares Incorporated is very steady. Huntington Bancshares holds Efficiency (Sharpe) Ratio of 0.0306, which attests that the entity had a 0.0306% 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 check out Huntington Bancshares' Downside Deviation of 0.9043, market risk adjusted performance of (0.25), and Risk Adjusted Performance of 0.0251 to validate if the risk estimate we provide is consistent with the expected return of 0.028%. Huntington Bancshares has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.0683, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Huntington Bancshares are expected to decrease at a much lower rate. During the bear market, Huntington Bancshares is likely to outperform the market. Huntington Bancshares right now retains a risk of 0.92%. Please check out Huntington Bancshares semi variance, and the relationship between the treynor ratio and daily balance of power , to decide if Huntington Bancshares will be following its current trending patterns.
Auto-correlation | -0.34 |
Poor reverse predictability
Huntington Bancshares Incorporated has poor 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 -0.34 indicates that nearly 34.0% of current Huntington Bancshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 1.09 |
Huntington Bancshares lagged returns against current returns
Autocorrelation, which is Huntington Bancshares 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 Huntington Bancshares' preferred 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 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 |
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 preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huntington Bancshares preferred 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 preferred 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 preferred 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 preferred 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 against Huntington Preferred Stock
| 0.42 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.4 | AX | Axos Financial | PairCorr |
| 0.31 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | 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.Additional Tools for Huntington Preferred Stock Analysis
When running Huntington Bancshares' price analysis, check to measure Huntington Bancshares' 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 Huntington Bancshares is operating at the current time. Most of Huntington Bancshares' value examination focuses on studying past and present price action to predict the probability of Huntington Bancshares' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Huntington Bancshares' price. Additionally, you may evaluate how the addition of Huntington Bancshares to your portfolios can decrease your overall portfolio volatility.