Huntington Bancshares Incorporated Depositary Shares each representing a 1/1000th interest in a share of Huntington Series I Preferred Stock (HBANM) — Stock Correlations & Overview
Over the past year, HBANM has moved most closely with SCHWpJ, SCHWpD, PSK. Explore the stocks most correlated and inversely correlated with HBANM below, along with its price, financials, and company profile.
Stocks correlated with HBANM
Correlation of daily returns. Higher positive values move with HBANM; negative values move opposite it. Informational only, not investment advice.
Most correlated with HBANM
| Symbol | Company | Correlation |
|---|---|---|
| SCHWpJ | The Charles Schwab Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.450% Non-Cumulative Perpetual Preferred Stock, Series JSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.50 |
| SCHWpD | Charles Schwab Corporation Depositary Shares each representing 1/40th interest in a share of 5.95% Non-Cumulative Perpetual Preferred Stock, Series DSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.47 |
| PSK | State Street SPDR ICE Preferred Securities ETF | 0.45 |
| PFF | iShares Trust iShares Preferred and Income Securities ETF | 0.44 |
| BACpM | Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KKNATIONAL COMMERCIAL BANKS | 0.43 |
Frequently asked questions about HBANM correlations
- Which stocks are most correlated with HBANM?
- Based on one year of daily returns, the stocks most correlated with Huntington Bancshares Incorporated Depositary Shares each representing a 1/1000th interest in a share of Huntington Series I Preferred Stock (HBANM) are SCHWpJ (0.50), SCHWpD (0.47) and PSK (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 HBANM?
- Over the past year, the stocks most inversely correlated with Huntington Bancshares Incorporated Depositary Shares each representing a 1/1000th interest in a share of Huntington Series I Preferred Stock (HBANM) are SCC (-0.35), SH (-0.34) and SDS (-0.34). 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 HBANM correlations calculated?
- We compute the correlation of daily returns between HBANM 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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