FITB/PNC

Financials

📈 FITB 📈 PNC 🔀 Spread FITB−1.05·PNC

z today 0.06

p-value (EG) 0.0317

β (log) 1.053

μ spread -1.7724

σ spread 0.0165

half-life 5.7 d

corr 18m 0.891

setup 1Y 0

bollinger 1Y 17

%b today 0.28

FITB — Fifth Third Bancorp

Banks - Regional · Financial Services

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management. The Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and cash management, foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional […]

Mkt cap: $52.0B Dipendenti: 25,196 Paese: United States sito ↗

PNC — The PNC Financial Services Group, Inc.

Banks - Regional · Financial Services

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The Retail Banking segment offers checking, savings, and money market accounts, and time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, digital channels, ATMs, and through […]

Mkt cap: $100.2B Dipendenti: 55,704 Paese: United States sito ↗

Lo spread — il grafico chiave. La linea verde misura la “distanza” tra le due azioni: ln(FITB) − β·ln(PNC). La riga orizzontale al centro e’ il suo valore medio (μ), la banda grigia l’oscillazione normale (±σ e ±2σ). Come leggerlo: finche’ la linea resta nella banda le due azioni sono in equilibrio. Quando esce in alto, FITB e’ diventata cara rispetto a PNC; quando esce in basso, il contrario. Piu’ e’ lontana dal centro (z elevato), piu’ ci si aspetta che rientri: e’ li’ che nasce il segnale di pair trading.

Setup contrarian: RSI(14) < 30 (ipervenduto) o > 70 (ipercomprato) sullo spread daily, in concomitanza con volume aggregato min(V_FITB, V_PNC) < SMA(20). Volume basso in fase estrema = forza del movimento in esaurimento ⇒ mean reversion più probabile. Le zone gialle sul grafico evidenziano i giorni triggered.

Setup volatilità: %b > 1 (spread sopra banda superiore ⇒ short spread) o %b < 0 (sotto banda inferiore ⇒ long spread), in concomitanza con BandWidth in pendenza piatta o negativa su 5 giorni (volatilità non in espansione ⇒ movimento esaurito). Bande di Bollinger SMA(20) ± 2σ rolling. Le zone gialle evidenziano i giorni triggered.