Huntington Bancshares Incorporated Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock (HBANP) — Stock Correlations & Overview
Over the past year, HBANP has moved most closely with PSK, MSpO, RFpE. Explore the stocks most correlated and inversely correlated with HBANP below, along with its price, financials, and company profile.
Stocks correlated with HBANP
Correlation of daily returns. Higher positive values move with HBANP; negative values move opposite it. Informational only, not investment advice.
Most correlated with HBANP
| Symbol | Company | Correlation |
|---|---|---|
| PSK | State Street SPDR ICE Preferred Securities ETF | 0.62 |
| MSpO | Morgan Stanley Depositary Shares, each representing 1/1,000th of a share of 4.250% Non-Cumulative Preferred Stock, Series OSECURITY BROKERS, DEALERS & FLOTATION COMPANIES | 0.61 |
| RFpE | Regions Financial Corporation Depositary Shares, Each Representing a 1/40th Interest in a Share of 4.45% Non-Cumulative Perpetual Preferred Stock, Series ENATIONAL COMMERCIAL BANKS | 0.61 |
| BACpS | Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.750% Non-Cumulative Preferred Stock, Series SSNATIONAL COMMERCIAL BANKS | 0.60 |
| PFFD | Global X U.S. Preferred ETF | 0.59 |
Frequently asked questions about HBANP correlations
- Which stocks are most correlated with HBANP?
- Based on one year of daily returns, the stocks most correlated with Huntington Bancshares Incorporated Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock (HBANP) are PSK (0.62), MSpO (0.61) and RFpE (0.61). 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 HBANP?
- Over the past year, the stocks most inversely correlated with Huntington Bancshares Incorporated Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock (HBANP) are SBB (-0.50), SDD (-0.49) and RWM (-0.48). 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 HBANP correlations calculated?
- We compute the correlation of daily returns between HBANP 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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