Huntington Bancshares Correlations

HBAN Stock

USD 15.81 0.21 1.31%

The current 90-days correlation between Huntington Bancshares and Zions Bancorporation is 0.92 (i.e., Almost no diversification). 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.

Huntington Bancshares Correlation With Market

Very weak diversification

The correlation between Huntington Bancshares Incorpor and DJI is 0.45 (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 DJI in the same portfolio, assuming nothing else is changed.

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.

Moving together with Huntington Stock

0.74	AX	Axos Financial	Pair Corr
0.64	BY	Byline Bancorp	Pair Corr
0.82	KB	KB Financial Group	Pair Corr
0.88	PB	Prosperity Bancshares	Pair Corr
0.87	RF	Regions Financial Sell-off Trend	Pair Corr
0.75	VBNK	VersaBank Earnings Call This Week	Pair Corr
0.64	VBTX	Veritex Holdings	Pair Corr
0.73	TFC-PI	Truist Financial	Pair Corr
0.71	TFC-PO	Truist Financial	Pair Corr
0.63	TFC-PR	Truist Financial	Pair Corr
0.74	CFG-PE	Citizens Financial	Pair Corr
0.63	EGBN	Eagle Bancorp	Pair Corr
0.8	KEY-PJ	KeyCorp	Pair Corr
0.83	KEY-PK	KeyCorp	Pair Corr
0.69	WABC	Westamerica Bancorporation	Pair Corr
0.82	WASH	Washington Trust Bancorp	Pair Corr
0.77	EQBK	Equity Bancshares,	Pair Corr
0.75	WMPN	William Penn Bancorp	Pair Corr

Moving against Huntington Stock

0.68	VBFC	Village Bank	Pair Corr
0.39	EBTC	Enterprise Bancorp	Pair Corr
0.52	EFSI	Eagle Financial Services	Pair Corr

Related Correlations Analysis

	ZION	CMA	WAL	USB	KEY	PNC	RF	FITB	MTB	CFG
ZION		0.81	0.85	0.79	0.91	0.95	0.84	0.84	0.91	0.8	ZION
CMA	0.81		0.78	0.59	0.87	0.83	0.81	0.81	0.88	0.76	CMA
WAL	0.85	0.78		0.6	0.77	0.79	0.74	0.79	0.79	0.77	WAL
USB	0.79	0.59	0.6		0.84	0.82	0.82	0.76	0.8	0.32	USB
KEY	0.91	0.87	0.77	0.84		0.93	0.93	0.89	0.97	0.61	KEY
PNC	0.95	0.83	0.79	0.82	0.93		0.89	0.88	0.94	0.72	PNC
RF	0.84	0.81	0.74	0.82	0.93	0.89		0.98	0.93	0.51	RF
FITB	0.84	0.81	0.79	0.76	0.89	0.88	0.98		0.9	0.55	FITB
MTB	0.91	0.88	0.79	0.8	0.97	0.94	0.93	0.9		0.66	MTB
CFG	0.8	0.76	0.77	0.32	0.61	0.72	0.51	0.55	0.66		CFG
	ZION	CMA	WAL	USB	KEY	PNC	RF	FITB	MTB	CFG

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Risk-Adjusted Indicators

There is a big difference between Huntington 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ZION	1.25	(0.16)	(0.15)	2.44	(2.77)	7.94
CMA	1.29	(0.07)	(0.06)	3.17	(3.10)	9.01
WAL	1.72	(0.05)	(0.04)	3.08	(3.97)	10.27
USB	1.09	(0.11)	(0.12)	2.13	(2.35)	9.39
KEY	1.20	(0.18)	(0.20)	2.58	(2.84)	7.47
PNC	0.94	(0.15)	(0.17)	1.81	(1.98)	5.30
RF	1.06	(0.16)	1.44	2.04	(2.39)	7.40
FITB	0.99	(0.14)	11.84	1.77	(1.67)	7.21
MTB	0.99	(0.15)	(0.17)	2.02	(2.37)	7.17
CFG	1.16	(0.06)	(0.06)	2.20	(2.65)	6.54

Huntington Bancshares Corporate Management

Susan Shipley	Ohio Pennsylvania	Profile
Kendall Kowalski	Executive Officer	Profile
Timothy Miller	Executive Officer	Profile
Zachary Wasserman	CFO EVP	Profile
Marcy Hingst	General Counsel	Profile

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