Huntington Bancshares Incorporated Preferred Stock Market Value
| HBANP Preferred Stock | USD 17.97 0.16 0.90% |
| 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.
| 02/13/2024 |
| 05/13/2024 |
If you would invest 0.00 in Huntington Bancshares on February 13, 2024 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 90 days. Huntington Bancshares is related to or competes with KeyCorp, Regions Financial, Citizens Financial, US Bancorp, KeyCorp, Regions Financial, and Citizens 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' 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.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 6.15 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 1.96 |
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 | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Huntington Bancshares' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Huntington Bancshares Backtested Returns
Huntington Bancshares holds Efficiency (Sharpe) Ratio of -0.0361, which attests that the entity had a -0.0361% return per unit of risk over the last 3 months. Huntington Bancshares exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Huntington Bancshares' Market Risk Adjusted Performance of (0.06), risk adjusted performance of (0.02), and Standard Deviation of 1.27 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 1.02, which attests to a somewhat significant risk relative to the market. Huntington Bancshares returns are very sensitive to returns on the market. As the market goes up or down, Huntington Bancshares is expected to follow. Huntington Bancshares has an expected return of -0.0465%. Please make sure to check out Huntington Bancshares information ratio, potential upside, as well as the relationship between the Potential Upside and rate of daily change , to decide if Huntington Bancshares performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.47 |
Modest reverse predictability
Huntington Bancshares Incorporated has modest reverse predictability. Overlapping area represents the amount of predictability between Huntington Bancshares time series from 13th of February 2024 to 29th of March 2024 and 29th of March 2024 to 13th of May 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 -0.47 indicates that about 47.0% of current Huntington Bancshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.32 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
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 |
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Complementary 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.
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Huntington Bancshares technical preferred 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, preferred stock market cycles, or different charting patterns.