Brighthouse Financial Preferred Stock Market Value
| BHFAN Preferred Stock | USD 19.99 0.54 2.78% |
| Symbol | Brighthouse |
Brighthouse Financial 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Brighthouse Financial's preferred stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Brighthouse Financial.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in Brighthouse Financial on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding Brighthouse Financial or generate 0.0% return on investment in Brighthouse Financial over 90 days. Brighthouse Financial is related to or competes with Jackson Financial, Brighthouse Financial, Brighthouse Financial, and MetLife Preferred. Brighthouse Financial, Inc. provides annuity and life insurance products in the United States More
Brighthouse Financial Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Brighthouse Financial's preferred stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Brighthouse Financial upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.75 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 1.63 |
Brighthouse Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Brighthouse Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Brighthouse Financial's standard deviation. In reality, there are many statistical measures that can use Brighthouse Financial historical prices to predict the future Brighthouse Financial's volatility.| Risk Adjusted Performance | 0.0779 | |||
| Jensen Alpha | 0.0746 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.6921 |
Brighthouse Financial Backtested Returns
As of now, Brighthouse Preferred Stock is very steady. Brighthouse Financial secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Brighthouse Financial, which you can use to evaluate the volatility of the firm. Please confirm Brighthouse Financial's Mean Deviation of 0.7729, downside deviation of 1.14, and Risk Adjusted Performance of 0.0779 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Brighthouse Financial has a performance score of 8 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Brighthouse Financial's returns are expected to increase less than the market. However, during the bear market, the loss of holding Brighthouse Financial is expected to be smaller as well. Brighthouse Financial right now shows a risk of 1.04%. Please confirm Brighthouse Financial semi variance, day typical price, and the relationship between the maximum drawdown and accumulation distribution , to decide if Brighthouse Financial will be following its price patterns.
Auto-correlation | -0.89 |
Excellent reverse predictability
Brighthouse Financial has excellent reverse predictability. Overlapping area represents the amount of predictability between Brighthouse Financial time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Brighthouse Financial price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Brighthouse Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
Brighthouse Financial lagged returns against current returns
Autocorrelation, which is Brighthouse Financial preferred stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Brighthouse Financial's preferred stock expected returns. We can calculate the autocorrelation of Brighthouse Financial returns to help us make a trade decision. For example, suppose you find that Brighthouse Financial has exhibited high autocorrelation historically, and you observe that the preferred stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Brighthouse Financial regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Brighthouse Financial preferred stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Brighthouse Financial preferred stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Brighthouse Financial preferred stock over time.
Current vs Lagged Prices |
| Timeline |
Brighthouse Financial Lagged Returns
When evaluating Brighthouse Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Brighthouse Financial preferred stock have on its future price. Brighthouse Financial autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Brighthouse Financial autocorrelation shows the relationship between Brighthouse Financial preferred stock current value and its past values and can show if there is a momentum factor associated with investing in Brighthouse Financial.
Regressed Prices |
| Timeline |
Pair Trading with Brighthouse Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Brighthouse Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Brighthouse Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Brighthouse Preferred Stock
Moving against Brighthouse Preferred Stock
The ability to find closely correlated positions to Brighthouse Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brighthouse Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Brighthouse Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Brighthouse Financial to buy it.
The correlation of Brighthouse Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Brighthouse Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Brighthouse Preferred Stock
Brighthouse Financial financial ratios help investors to determine whether Brighthouse Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Brighthouse with respect to the benefits of owning Brighthouse Financial security.