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) — Stock Correlations & Overview
Over the past year, HBANL has moved most closely with DTB, USBpS, ALLpH. Explore the stocks most correlated and inversely correlated with HBANL below, along with its price, financials, and company profile.
Stocks correlated with HBANL
Correlation of daily returns. Higher positive values move with HBANL; negative values move opposite it. Informational only, not investment advice.
Most correlated with HBANL
| Symbol | Company | Correlation |
|---|---|---|
| DTB | DTE Energy Company 2020 Series G 4.375% Junior Subordinated Debentures due 2080ELECTRIC SERVICES | 0.46 |
| USBpS | U.S. Bancorp Depositary Shares, each representing a 1/1, 000th interest in a share of Series O Non- Cumulative Perpetual Preferred StockNATIONAL COMMERCIAL BANKS | 0.45 |
| ALLpH | The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE | 0.45 |
| ALLpI | The Allstate CorporationFIRE, MARINE & CASUALTY INSURANCE | 0.44 |
| MSpL | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.875% Non-Cumulative Preferred Stock, Series LSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.42 |
Most inversely correlated with HBANL
| Symbol | Company | Correlation |
|---|---|---|
| TTT | ProShares UltraPro Short 20+ Year Treasury | -0.34 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.31 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.31 |
| TBF | ProShares Short 20+ Year Treasury ETF | -0.30 |
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.29 |
Frequently asked questions about HBANL correlations
- Which stocks are most correlated with HBANL?
- Based on one year of daily returns, the stocks most correlated with 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) are DTB (0.46), USBpS (0.45) and ALLpH (0.45). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with HBANL?
- Over the past year, the stocks most inversely correlated with 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) are TTT (-0.34), TMV (-0.31) and TBT (-0.31). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these HBANL correlations calculated?
- We compute the correlation of daily returns between HBANL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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