Huntington Bancshares Correlations
| HBANP Preferred Stock | USD 17.61 0.02 0.11% |
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 Incorporated 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.
Very weak diversification
The correlation between Huntington Bancshares Incorpor and NYA is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Huntington Bancshares Incorpor and NYA in the same portfolio, assuming nothing else is changed.
Huntington |
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
| 0.69 | VBNK | VersaBank Earnings Call This Week | PairCorr |
| 0.93 | TFC-PO | Truist Financial Normal Trading | PairCorr |
| 0.92 | TFC-PR | Truist Financial Normal Trading | PairCorr |
| 0.61 | ECBK | ECB Bancorp | PairCorr |
Moving against Huntington Preferred Stock
| 0.69 | TECTP | Tectonic Financial | PairCorr |
| 0.61 | DB | Deutsche Bank AG Sell-off Trend | PairCorr |
| 0.52 | BY | Byline Bancorp Financial Report 25th of July 2024 | PairCorr |
| 0.45 | VBFC | Village Bank | PairCorr |
| 0.41 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
| 0.41 | CFG-PD | Citizens Financial | PairCorr |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CFG-PD | 0.23 | 0.03 | (0.01) | 0.18 | 0.12 | 0.60 | 1.51 | |||
| COF-PI | 0.74 | (0.01) | 0.00 | 0.03 | 1.01 | 1.72 | 6.43 | |||
| COF-PJ | 0.76 | (0.04) | (0.03) | 0.00 | 1.07 | 1.82 | 6.26 | |||
| BAC-PN | 0.58 | (0.05) | 0.00 | (0.05) | 0.00 | 1.25 | 4.39 |
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.Did you try this?
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Huntington Bancshares Corporate Management
Elected by the shareholders, the Huntington Bancshares' board of directors comprises two types of representatives: Huntington Bancshares inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Huntington. The board's role is to monitor Huntington Bancshares' management team and ensure that shareholders' interests are well served. Huntington Bancshares' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Huntington Bancshares' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul Heller | Chief Technology and Operations Officer and Sr. Executive VP | Profile | |
| Zachary Wasserman | CFO EVP | Profile | |
| Julie Tutkovics | EVP Officer | Profile | |
| Timothy Sedabres | Ex Relations | Profile | |
| Jana Litsey | Sr Counsel | Profile | |
| Michael Jones | Head EVP | Profile |
Already Invested in Huntington Bancshares Incorporated?
The danger of trading Huntington Bancshares Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Huntington Bancshares is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Huntington Bancshares. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Huntington Bancshares is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
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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.
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