Huntington Bancshares (Germany) Market Value
| HU3 Stock | EUR 16.20 0.38 2.29% |
| 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' 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.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Huntington Bancshares on November 11, 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 30 days. Huntington Bancshares is related to or competes with Fifth Third, Regions Financial, Superior Plus, SIVERS SEMICONDUCTORS, RYOHIN UNSPADR1, Vanguard Funds, and Meli Hotels. Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commerci... 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' 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.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.1155 | |||
| Maximum Drawdown | 12.33 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 3.11 |
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 | 0.1361 | |||
| Jensen Alpha | 0.1264 | |||
| Total Risk Alpha | 0.0313 | |||
| Sortino Ratio | 0.191 | |||
| Treynor Ratio | 0.1827 |
Huntington Bancshares Backtested Returns
Huntington Bancshares appears to be very steady, given 3 months investment horizon. Huntington Bancshares holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Huntington Bancshares, which you can use to evaluate the volatility of the firm. Please utilize Huntington Bancshares' Risk Adjusted Performance of 0.1361, downside deviation of 1.17, and Market Risk Adjusted Performance of 0.1927 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Huntington Bancshares holds a performance score of 16. The company retains a Market Volatility (i.e., Beta) of 1.85, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Huntington Bancshares will likely underperform. Please check Huntington Bancshares' information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Huntington Bancshares' current trending patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Huntington Bancshares Incorporated has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Huntington Bancshares time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Huntington Bancshares price movement. The serial correlation of -0.75 indicates that around 75.0% of current Huntington Bancshares price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Huntington Bancshares lagged returns against current returns
Autocorrelation, which is Huntington Bancshares 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' 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 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 |
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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 stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Huntington Bancshares 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 stock over time.
Current vs Lagged Prices |
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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 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 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 |
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Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Huntington Stock
When determining whether Huntington Bancshares is a strong investment it is important to analyze Huntington Bancshares' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Huntington Bancshares' future performance. For an informed investment choice regarding Huntington Stock, refer to the following important reports:Check out Huntington Bancshares Correlation, Huntington Bancshares Volatility and Huntington Bancshares Alpha and Beta module to complement your research on Huntington Bancshares. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Huntington Bancshares technical 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, stock market cycles, or different charting patterns.