Huntington Bancshares Correlations
| HBANM Preferred Stock | USD 23.83 0.11 0.46% |
The current 90-days correlation between Huntington Bancshares and Huntington Bancshares Incorporated is 0.61 (i.e., Poor 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 |
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
| 0.64 | TFC-PI | Truist Financial | PairCorr |
| 0.81 | TFC-PO | Truist Financial | PairCorr |
| 0.79 | TFC-PR | Truist Financial | PairCorr |
| 0.71 | CFG-PE | Citizens Financial | PairCorr |
Moving against Huntington Preferred Stock
| 0.61 | VBFC | Village Bank | PairCorr |
| 0.61 | TECTP | Tectonic Financial | PairCorr |
| 0.57 | EGBN | Eagle Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.54 | VBNK | VersaBank Fiscal Year End 11th of December 2024 | PairCorr |
| 0.5 | RF | Regions Financial Sell-off Trend | PairCorr |
| 0.48 | ECBK | ECB Bancorp | PairCorr |
| 0.46 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.46 | CFG-PH | Citizens Financial Group, | PairCorr |
| 0.45 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
| 0.44 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.44 | VBTX | Veritex Holdings Normal Trading | PairCorr |
| 0.44 | EBTC | Enterprise Bancorp | PairCorr |
| 0.43 | AX | Axos Financial | PairCorr |
| 0.38 | EBMT | Eagle Bancorp Montana Normal Trading | PairCorr |
| 0.34 | KB | KB Financial Group | PairCorr |
| 0.59 | WMPN | William Penn Bancorp | PairCorr |
| 0.55 | WASH | Washington Trust Bancorp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.47 | WABC | Westamerica Bancorporation Fiscal Year End 16th of January 2025 | PairCorr |
| 0.47 | OCFCP | OceanFirst Financial Corp | PairCorr |
| 0.45 | WSBCP | WesBanco | PairCorr |
| 0.42 | EQBK | Equity Bancshares, Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.4 | WCFB | WCF Bancorp | PairCorr |
| 0.31 | EVBN | Evans Bancorp | PairCorr |
Related Correlations Analysis
| 0.78 | 0.63 | 0.43 | 0.48 | HBANP | ||
| 0.78 | 0.56 | 0.28 | 0.38 | FITBP | ||
| 0.63 | 0.56 | 0.83 | 0.93 | FITBO | ||
| 0.43 | 0.28 | 0.83 | 0.94 | KEY-PJ | ||
| 0.48 | 0.38 | 0.93 | 0.94 | KEY-PK | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HBANP | 0.74 | 0.01 | (0.11) | 0.22 | 0.82 | 1.46 | 3.88 | |||
| FITBP | 0.43 | 0.02 | (0.12) | 0.27 | 0.55 | 1.12 | 2.87 | |||
| FITBO | 0.69 | 0.14 | 0.05 | 0.99 | 0.68 | 1.46 | 4.37 | |||
| KEY-PJ | 0.62 | 0.04 | (0.05) | 0.29 | 0.79 | 1.13 | 3.35 | |||
| KEY-PK | 0.69 | 0.06 | (0.03) | 0.40 | 0.88 | 1.30 | 3.61 |
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?
Run Correlation Analysis Now
Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
| All Next | Launch Module |
Huntington Bancshares Corporate Management
| Zachary Wasserman | CFO EVP | Profile | |
| Paul Heller | Chief EVP | Profile | |
| Julie Tutkovics | EVP Officer | Profile | |
| Timothy Sedabres | Ex Relations | Profile | |
| Jana Litsey | Sr Counsel | Profile | |
| Michael Jones | Head EVP | Profile | |
| Stephen Steinour | Pres Chairman | Profile |