Brighthouse Financial Correlations

BHFAL Stock

USD 24.57 0.05 0.20%

The current 90-days correlation between Brighthouse Financial and Brighthouse Financial is 0.58 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Brighthouse Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brighthouse Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Brighthouse Financial Correlation With Market

Modest diversification

The correlation between Brighthouse Financial and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brighthouse Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brighthouse Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Brighthouse Stock please use our How to buy in Brighthouse Stock guide.

Moving together with Brighthouse Stock

0.63	JSM	Navient SR	Pair Corr
0.71	ARGD	Argo Group 65	Pair Corr

Moving against Brighthouse Stock

0.45	EC	Ecopetrol SA ADR	Pair Corr
0.34	BP	BP PLC ADR	Pair Corr
0.32	DK	Delek Energy	Pair Corr
0.67	VTLE	Vital Energy	Pair Corr
0.66	VIVK	Vivakor	Pair Corr
0.61	NR	Newpark Resources	Pair Corr
0.48	SD	SandRidge Energy	Pair Corr
0.36	VIST	Vista Oil Gas	Pair Corr
0.33	SM	SM Energy	Pair Corr
0.32	SU	Suncor Energy	Pair Corr
0.57	BPT	BP Prudhoe Bay	Pair Corr
0.51	ENSV	Enservco	Pair Corr
0.5	EONR	EON Resources Symbol Change	Pair Corr
0.47	WFRD	Weatherford International	Pair Corr

Related Correlations Analysis

	BHFAP	UNMA	ARGD	ACGLO	DUKB
BHFAP		0.5	0.67	0.78	0.79	BHFAP
UNMA	0.5		0.2	0.58	0.53	UNMA
ARGD	0.67	0.2		0.44	0.54	ARGD
ACGLO	0.78	0.58	0.44		0.78	ACGLO
DUKB	0.79	0.53	0.54	0.78		DUKB
	BHFAP	UNMA	ARGD	ACGLO	DUKB

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Risk-Adjusted Indicators

There is a big difference between Brighthouse Stock performing well and Brighthouse Financial Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Brighthouse Financial's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BHFAP	0.73	(0.02)	(0.11)	0.04	0.87	(0.78)	1.46	(1.29)	4.08
UNMA	0.37	0.01	(0.22)	(0.29)	0.46	(0.39)	0.76	(0.84)	2.55
ARGD	0.54	0.01	(0.13)	0.28	0.71	(0.50)	0.87	(1.16)	2.82
ACGLO	0.48	(0.05)	0.00	(2.85)	0.00	0.00	0.90	(1.27)	2.94
DUKB	0.36	(0.02)	0.00	(0.16)	0.00	0.00	0.64	(0.68)	1.80

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