Brighthouse Financial Correlations

BHF Stock

USD 64.11 0.24 0.37%

The current 90-days correlation between Brighthouse Financial and Genworth Financial is 0.06 (i.e., Significant diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Brighthouse Financial Correlation With Market

Weak diversification

The correlation between Brighthouse Financial and DJI is 0.3 (i.e., Weak 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.

Build AI portfolio with Brighthouse Stock

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 various price indices.

For more detail on how to invest in Brighthouse Stock please use our How to Invest in Brighthouse Financial guide.

Moving together with Brighthouse Stock

0.61	BRK-A	Berkshire Hathaway	Pair Corr
0.68	MFC	Manulife Financial Corp	Pair Corr
0.64	PRU	Prudential Financial	Pair Corr
0.92	IRNRF	Iron Road Limited	Pair Corr
0.82	LFST	Lifestance Health	Pair Corr
0.69	YOU	Clear Secure	Pair Corr

Moving against Brighthouse Stock

0.75	OSCR	Oscar Health Sell-off Trend	Pair Corr
0.66	GBHPF	Global Hemp Group	Pair Corr
0.59	GGROW	Gogoro Equity Warrant	Pair Corr
0.37	EPGG	Empire Global Gaming	Pair Corr

Related Correlations Analysis

	GNW	NMIH	BFH	AHL	CNO	FG	FBP	APAM	WSBC	BKU
GNW		0.85	0.73	0.23	0.72	0.47	0.52	-0.4	0.5	0.31	GNW
NMIH	0.85		0.85	0.57	0.86	0.32	0.72	-0.32	0.75	0.62	NMIH
BFH	0.73	0.85		0.73	0.81	0.18	0.78	-0.12	0.88	0.79	BFH
AHL	0.23	0.57	0.73		0.65	-0.15	0.73	0.06	0.85	0.88	AHL
CNO	0.72	0.86	0.81	0.65		0.06	0.76	0.0	0.73	0.61	CNO
FG	0.47	0.32	0.18	-0.15	0.06		-0.01	-0.54	0.12	0.06	FG
FBP	0.52	0.72	0.78	0.73	0.76	-0.01		0.1	0.91	0.72	FBP
APAM	-0.4	-0.32	-0.12	0.06	0.0	-0.54	0.1		-0.02	0.0	APAM
WSBC	0.5	0.75	0.88	0.85	0.73	0.12	0.91	-0.02		0.91	WSBC
BKU	0.31	0.62	0.79	0.88	0.61	0.06	0.72	0.0	0.91		BKU
	GNW	NMIH	BFH	AHL	CNO	FG	FBP	APAM	WSBC	BKU

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WSBC	+ 0.91	FBP
BKU	+ 0.91	WSBC
WSBC	+ 0.88	BFH
BKU	+ 0.88	AHL
CNO	+ 0.86	NMIH
NMIH	+ 0.85	GNW

High negative correlations

APAM	- 0.54	FG
APAM	- 0.4	GNW
APAM	- 0.32	NMIH
FG	- 0.15	AHL
APAM	- 0.12	BFH
WSBC	- 0.02	APAM

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
GNW	0.92	(0.13)	0.00	(0.20)	0.00	0.00	1.47	(2.27)	5.62
NMIH	1.19	0.03	0.00	0.11	1.85	(1.17)	2.16	(2.55)	12.17
BFH	1.63	0.14	0.06	0.16	2.72	(1.58)	4.36	(3.31)	18.80
AHL	0.10	0.01	(0.39)	(0.59)	0.00	(0.12)	0.22	(0.19)	0.76
CNO	0.94	0.00	(0.01)	0.07	1.22	(0.95)	2.09	(1.93)	7.94
FG	1.63	(0.14)	0.00	(0.05)	0.00	0.00	3.02	(3.36)	11.40
FBP	1.22	(0.08)	0.00	(0.02)	0.00	0.00	2.32	(2.68)	7.22
APAM	1.06	(0.07)	(0.04)	0.01	1.39	(1.08)	2.57	(2.52)	6.18
WSBC	1.24	0.09	0.07	0.15	1.38	(1.42)	2.95	(2.10)	6.36
BKU	1.23	0.33	0.23	0.36	1.10	(1.54)	3.30	(1.53)	8.77

Brighthouse Financial Corporate Management

Allie Lin	Executive Counsel	Profile
Janet Morgan	VP Treasurer	Profile
Kristine Toscano	Chief Officer	Profile
John CFA	Executive Officer	Profile
David Rosenbaum	Executive Underwriting	Profile

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