Fifth Third Bancorp Preferred Stock Market Value
| FITBI Preferred Stock | USD 25.28 0.03 0.12% |
| Symbol | Fifth |
Fifth Third '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 Fifth Third's 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 Fifth Third.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Fifth Third on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Fifth Third Bancorp or generate 0.0% return on investment in Fifth Third over 30 days. Fifth Third is related to or competes with KeyCorp, KeyCorp, Regions Financial, US Bancorp, Regions Financial, KeyCorp, and Citizens Financial. Fifth Third is a bank thats as long on innovation as it is on history More
Fifth Third 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 Fifth Third's 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 Fifth Third Bancorp upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4358 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 1.94 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.8029 |
Fifth Third Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fifth Third's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fifth Third's standard deviation. In reality, there are many statistical measures that can use Fifth Third historical prices to predict the future Fifth Third's volatility.| Risk Adjusted Performance | 0.0621 | |||
| Jensen Alpha | 0.0242 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.2151 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Fifth Third's 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.
Fifth Third Bancorp Backtested Returns
We consider Fifth Third very steady. Fifth Third Bancorp secures Sharpe Ratio (or Efficiency) of 0.0692, which denotes the company had a 0.0692% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Fifth Third Bancorp, which you can use to evaluate the volatility of the firm. Please confirm Fifth Third's Downside Deviation of 0.4358, coefficient of variation of 912.71, and Mean Deviation of 0.2754 to check if the risk estimate we provide is consistent with the expected return of 0.0274%. Fifth Third has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, Fifth Third's returns are expected to increase less than the market. However, during the bear market, the loss of holding Fifth Third is expected to be smaller as well. Fifth Third Bancorp right now shows a risk of 0.4%. Please confirm Fifth Third Bancorp downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Fifth Third Bancorp will be following its price patterns.
Auto-correlation | -0.67 |
Very good reverse predictability
Fifth Third Bancorp has very good reverse predictability. Overlapping area represents the amount of predictability between Fifth Third time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Fifth Third Bancorp price movement. The serial correlation of -0.67 indicates that around 67.0% of current Fifth Third price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Fifth Third Bancorp lagged returns against current returns
Autocorrelation, which is Fifth Third 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 Fifth Third's preferred stock expected returns. We can calculate the autocorrelation of Fifth Third returns to help us make a trade decision. For example, suppose you find that Fifth Third 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 |
Fifth Third 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 Fifth Third preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fifth Third preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fifth Third preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Fifth Third Lagged Returns
When evaluating Fifth Third's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fifth Third preferred stock have on its future price. Fifth Third 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, Fifth Third autocorrelation shows the relationship between Fifth Third preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Fifth Third Bancorp.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Fifth Third in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Fifth Third's short interest history, or implied volatility extrapolated from Fifth Third options trading.
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Try AI Portfolio ArchitectCheck out Fifth Third Correlation, Fifth Third Volatility and Fifth Third Alpha and Beta module to complement your research on Fifth Third. Note that the Fifth Third Bancorp information on this page should be used as a complementary analysis to other Fifth Third's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Fifth Preferred Stock analysis
When running Fifth Third's price analysis, check to measure Fifth Third's 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 Fifth Third is operating at the current time. Most of Fifth Third's value examination focuses on studying past and present price action to predict the probability of Fifth Third's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fifth Third's price. Additionally, you may evaluate how the addition of Fifth Third to your portfolios can decrease your overall portfolio volatility.
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Fifth Third 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.