Correlation Analysis
Huntington Bancshares Inc vs Exxon Mobil Corporation
HBAN vs XOM
+0.028
Near-zero positive
When one moves up, the other tends to follow.
Huntington Bancshares Inc
↗HBAN
Huntington is a regional US bank with over $275 billion in assets. 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.
Market cap 32.5B · 20,424 employees
Exxon Mobil Corporation
↗XOM
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2024, reserves were 19.9 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.3 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
Market cap 680.7B
Time Series
Relative Performance
Who Moves First
HBAN leads XOM by 6 days
HBAN tends to move before XOM.
After testing 13 timing shifts, the strongest relationship was +0.030 (they moved in the same direction).
Do They Crash Together?
Correlation by Market Regime
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
-0.207
12 periods · Return correlation when both series rose
Both Falling
-0.685
8 periods · Return correlation when both series fell
Diverging
-0.422
15 periods · Return correlation when series moved apart
R-Squared
0.1%
Share of variance in one series explained by the other.
Trend Agreement
61.9%
How often both series moved in the same direction period-to-period.
Overlap Quality
1,254
Deep shared window — 1,254 usable pairs.
Significance
n.s.
95% CI: [-0.027, 0.083]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
1,254 paired data points survived the daily window.
Raw input
1,254
1,254
Normalized
1,254
1,254
Prepared
1,254
1,254
Aligned
1,254
1,254
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
0
A: 0 / B: 0
Series A
Huntington Bancshares Inc
HBAN
Market cap 32.5B · 20,424 employees
Stock · 1,254 raw → 1,254 prepared
Series B
Exxon Mobil Corporation
XOM
Market cap 680.7B
Stock · 1,254 raw → 1,254 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
21
Estimated crossover points between normalized spreads.
Slope
0.3009
Linear regression slope.
Intercept
97.1267
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
HBAN
Huntington Bancshares Inc
Highest
+0.652
JPMorgan Chase & Co.
JPM · 1,254 data points
Lowest
+0.283
Eli Lilly & Co.
LLY · 1,254 data points
Saved 4 hours ago · ID: stock-hban-vs-stock-xom-daily