Huntington Bancshares Incorporated Depositary Shares each representing a 1/1000th interest in a share of Huntington Series I Preferred Stock (HBANM) Correlation Distribution
Across 6,806 rolling correlation observations between Huntington Bancshares Incorporated Depositary Shares each representing a 1/1000th interest in a share of Huntington Series I Preferred Stock (HBANM) and other NASDAQ-listed stocks, 74.3% are positive and 25.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.319, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 21.4% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,806
- Mean correlation
- 0.319
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.3%
- Strong positive (≥0.7)
- 21.4%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 51 | 0.7% | |
| -0.8 to -0.7 | 50 | 0.7% | |
| -0.7 to -0.6 | 135 | 2.0% | |
| -0.6 to -0.5 | 135 | 2.0% | |
| -0.5 to -0.4 | 229 | 3.4% | |
| -0.4 to -0.3 | 228 | 3.3% | |
| -0.3 to -0.2 | 316 | 4.6% | |
| -0.2 to -0.1 | 315 | 4.6% | |
| -0.1 to 0.0 | 291 | 4.3% | |
| 0.0 to 0.1 | 290 | 4.3% | |
| 0.1 to 0.2 | 304 | 4.5% | |
| 0.2 to 0.3 | 303 | 4.5% | |
| 0.3 to 0.4 | 459 | 6.7% | |
| 0.4 to 0.5 | 459 | 6.7% | |
| 0.5 to 0.6 | 891 | 13.1% | |
| 0.6 to 0.7 | 891 | 13.1% | |
| 0.7 to 0.8 | 725 | 10.7% | |
| 0.8 to 0.9 | 725 | 10.7% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of HBANM?
Huntington Bancshares Incorporated Depositary Shares each representing a 1/1000th interest in a share of Huntington Series I Preferred Stock (HBANM) has an average correlation of about 0.319 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is HBANM positively correlated with other stocks?
Mostly yes — 74.3% of pairs are positive and 25.7% are negative. Strong positive correlations (≥0.7) make up 21.4%.
What is the most common correlation range for HBANM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.7% of all pairs.
Explore the full interactive correlation distribution for HBANM.
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