HBANN.PFD (Huntington Bancshares) Momentum Rank : 9 (As of Dec. 12, 2024)

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What is Huntington Bancshares Momentum Rank?

Huntington Bancshares has the Momentum Rank of 9.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Huntington Bancshares's Momentum Rank

For the Banks - Regional subindustry, Huntington Bancshares's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Huntington Bancshares's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Huntington Bancshares's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Huntington Bancshares's Momentum Rank falls into.

Huntington Bancshares Momentum Rank Related Terms

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Huntington Bancshares Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Huntington Bancshares Inc (NAS:HBANN.PFD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HBANM.PFD:USA HBANP.PFD:USA HBAN:USA HBAN:Mexico 1HU3:Italy 0J72:UK HU3:Germany HU3:Germany

Address

41 South High Street, Columbus, OH, USA, 43287

Website

https://www.huntington.com

Huntington is a regional us bank with around $200 billion in assets (as of September 2024) and has a large presence, particularly in the Midwestern market. It offers a full suite of consumer deposit and lending services, along with commercial services focused on payments, investment management, capital markets, equipment financing, treasury management, and other common banking services.