Huntington Bancshares Incorporated Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.875% Series J Non-Cumulative Perpetual Preferred Stock (HBANL) Correlation Distribution
Across 6,177 rolling correlation observations between Huntington Bancshares Incorporated Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.875% Series J Non-Cumulative Perpetual Preferred Stock (HBANL) and other NASDAQ-listed stocks, 58.1% are positive and 41.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.133, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.9% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,177
- Mean correlation
- 0.133
- Most common range
- 0.5 to 0.6
- Positive pairs
- 58.1%
- Strong positive (≥0.7)
- 13.9%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.3% | |
| -0.8 to -0.7 | 19 | 0.3% | |
| -0.7 to -0.6 | 434 | 7.0% | |
| -0.6 to -0.5 | 434 | 7.0% | |
| -0.5 to -0.4 | 446 | 7.2% | |
| -0.4 to -0.3 | 445 | 7.2% | |
| -0.3 to -0.2 | 277 | 4.5% | |
| -0.2 to -0.1 | 277 | 4.5% | |
| -0.1 to 0.0 | 236 | 3.8% | |
| 0.0 to 0.1 | 235 | 3.8% | |
| 0.1 to 0.2 | 248 | 4.0% | |
| 0.2 to 0.3 | 248 | 4.0% | |
| 0.3 to 0.4 | 355 | 5.7% | |
| 0.4 to 0.5 | 354 | 5.7% | |
| 0.5 to 0.6 | 645 | 10.4% | |
| 0.6 to 0.7 | 645 | 10.4% | |
| 0.7 to 0.8 | 430 | 7.0% | |
| 0.8 to 0.9 | 429 | 6.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of HBANL?
Huntington Bancshares Incorporated Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.875% Series J Non-Cumulative Perpetual Preferred Stock (HBANL) has an average correlation of about 0.133 with other NASDAQ stocks, based on 6,177 pairwise observations.
Is HBANL positively correlated with other stocks?
Mostly yes — 58.1% of pairs are positive and 41.9% are negative. Strong positive correlations (≥0.7) make up 13.9%.
What is the most common correlation range for HBANL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.6% of all pairs.
Explore the full interactive correlation distribution for HBANL.
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