Huntington Bancshares Preferred Stock Forecast - Polynomial Regression
| HBANP Preferred Stock | USD 19.57 0.38 1.98% |
The Polynomial Regression forecasted value of Huntington Bancshares Incorporated on the next trading day is expected to be 19.27 with a mean absolute deviation of 0.18 and the sum of the absolute errors of 11.26. Huntington Preferred Stock Forecast is based on your current time horizon.
Huntington |
Huntington Bancshares Polynomial Regression Price Forecast For the 2nd of December
Given 90 days horizon, the Polynomial Regression forecasted value of Huntington Bancshares Incorporated on the next trading day is expected to be 19.27 with a mean absolute deviation of 0.18, mean absolute percentage error of 0.05, and the sum of the absolute errors of 11.26.Please note that although there have been many attempts to predict Huntington Preferred Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Huntington Bancshares' next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Huntington Bancshares Preferred Stock Forecast Pattern
| Backtest Huntington Bancshares | Huntington Bancshares Price Prediction | Buy or Sell Advice |
Huntington Bancshares Forecasted Value
In the context of forecasting Huntington Bancshares' Preferred Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Huntington Bancshares' downside and upside margins for the forecasting period are 18.34 and 20.19, respectively. We have considered Huntington Bancshares' daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Polynomial Regression forecasting method's relative quality and the estimations of the prediction error of Huntington Bancshares preferred stock data series using in forecasting. Note that when a statistical model is used to represent Huntington Bancshares preferred stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 115.1128 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.1846 |
| MAPE | Mean absolute percentage error | 0.0093 |
| SAE | Sum of the absolute errors | 11.2577 |
Predictive Modules for Huntington Bancshares
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Huntington Bancshares. Regardless of method or technology, however, to accurately forecast the preferred stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the preferred stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Other Forecasting Options for Huntington Bancshares
For every potential investor in Huntington, whether a beginner or expert, Huntington Bancshares' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Huntington Preferred Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Huntington. Basic forecasting techniques help filter out the noise by identifying Huntington Bancshares' price trends.Huntington Bancshares Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Huntington Bancshares preferred stock to make a market-neutral strategy. Peer analysis of Huntington Bancshares could also be used in its relative valuation, which is a method of valuing Huntington Bancshares by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Huntington Bancshares Technical and Predictive Analytics
The preferred stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Huntington Bancshares' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Huntington Bancshares' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Huntington Bancshares Market Strength Events
Market strength indicators help investors to evaluate how Huntington Bancshares preferred stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Huntington Bancshares shares will generate the highest return on investment. By undertsting and applying Huntington Bancshares preferred stock market strength indicators, traders can identify Huntington Bancshares Incorporated entry and exit signals to maximize returns.
Huntington Bancshares Risk Indicators
The analysis of Huntington Bancshares' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Huntington Bancshares' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting huntington preferred stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.7634 | |||
| Semi Deviation | 0.7966 | |||
| Standard Deviation | 0.941 | |||
| Variance | 0.8854 | |||
| Downside Variance | 0.798 | |||
| Semi Variance | 0.6346 | |||
| Expected Short fall | (0.85) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Huntington Bancshares
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Huntington Bancshares position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Huntington Bancshares will appreciate offsetting losses from the drop in the long position's value.Moving together with Huntington Preferred Stock
Moving against Huntington Preferred Stock
| 0.42 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.41 | AX | Axos Financial | PairCorr |
| 0.37 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.32 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
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.
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 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.
Correlation analysis and pair trading evaluation for Huntington Bancshares can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional 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.