Huntington Bancshares Incorporated Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock (HBANP) Correlation Distribution
Across 6,806 rolling correlation observations between Huntington Bancshares Incorporated Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock (HBANP) and other NASDAQ-listed stocks, 73.3% are positive and 26.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.362, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.6% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,806
- Mean correlation
- 0.362
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.3%
- Strong positive (≥0.7)
- 38.6%
- Sector
- National Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 46 | 0.7% | |
| -0.8 to -0.7 | 46 | 0.7% | |
| -0.7 to -0.6 | 186 | 2.7% | |
| -0.6 to -0.5 | 186 | 2.7% | |
| -0.5 to -0.4 | 278 | 4.1% | |
| -0.4 to -0.3 | 277 | 4.1% | |
| -0.3 to -0.2 | 256 | 3.8% | |
| -0.2 to -0.1 | 256 | 3.8% | |
| -0.1 to 0.0 | 286 | 4.2% | |
| 0.0 to 0.1 | 286 | 4.2% | |
| 0.1 to 0.2 | 279 | 4.1% | |
| 0.2 to 0.3 | 279 | 4.1% | |
| 0.3 to 0.4 | 298 | 4.4% | |
| 0.4 to 0.5 | 297 | 4.4% | |
| 0.5 to 0.6 | 460 | 6.8% | |
| 0.6 to 0.7 | 459 | 6.7% | |
| 0.7 to 0.8 | 1,032 | 15.2% | |
| 0.8 to 0.9 | 1,032 | 15.2% | |
| 0.9 to 1.0 | 564 | 8.3% |
Frequently asked questions
What is the average correlation of HBANP?
Huntington Bancshares Incorporated Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock (HBANP) has an average correlation of about 0.362 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is HBANP positively correlated with other stocks?
Mostly yes — 73.3% of pairs are positive and 26.7% are negative. Strong positive correlations (≥0.7) make up 38.6%.
What is the most common correlation range for HBANP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for HBANP.
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