Fifth Third Bancorp Preferred Stock Market Value
| FITBI Preferred Stock | USD 25.89 0.31 1.21% |
| 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.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Fifth Third on November 1, 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, KeyCorp, US Bancorp, and US Bancorp. 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 | 0.2902 | |||
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 1.61 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.5514 |
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 | 0.0666 | |||
| Jensen Alpha | 0.0263 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.35) | |||
| Treynor Ratio | (21.79) |
Fifth Third Bancorp Backtested Returns
Fifth Third is very steady at the moment. Fifth Third Bancorp secures Sharpe Ratio (or Efficiency) of 0.14, which denotes the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Fifth Third Bancorp, which you can use to evaluate the volatility of the firm. Please confirm Fifth Third's Coefficient Of Variation of 976.71, downside deviation of 0.2902, and Mean Deviation of 0.2586 to check if the risk estimate we provide is consistent with the expected return of 0.0465%. Fifth Third has a performance score of 10 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.0012, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Fifth Third are expected to decrease at a much lower rate. During the bear market, Fifth Third is likely to outperform the market. Fifth Third Bancorp right now shows a risk of 0.34%. 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 | 0.12 |
Insignificant predictability
Fifth Third Bancorp has insignificant predictability. Overlapping area represents the amount of predictability between Fifth Third time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 0.12 indicates that less than 12.0% of current Fifth Third price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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 |
Currently Active Assets on Macroaxis
Other Information on Investing in Fifth Preferred Stock
Fifth Third financial ratios help investors to determine whether Fifth Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fifth with respect to the benefits of owning Fifth Third security.