Brighthouse Financial Correlations

Stocks . USA . 
Stock . Brighthouse Financial
BHFAL Stock  USD 22.29  0.07  0.32%   
The current 90-days correlation between Brighthouse Financial and Brighthouse Financial is 0.75 (i.e., Poor 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 0.25 (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

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  0.74VIVK VivakorPairCorr

Moving against Brighthouse Stock

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  0.57AM Antero Midstream PartnersPairCorr
  0.56BP BP PLC ADR Earnings Call This WeekPairCorr
  0.46AE Adams Resources EnergyPairCorr
  0.45RCC Small Cap PremiumPairCorr
  0.41RILYM B Riley Financial,PairCorr
  0.41EE Excelerate EnergyPairCorr
  0.36DK Delek EnergyPairCorr
  0.66DLNG Dynagas LNG PartnersPairCorr
  0.63VTLE Vital EnergyPairCorr
  0.59EPSN Epsilon EnergyPairCorr
  0.56EFXT EnerflexPairCorr
  0.52SD SandRidge EnergyPairCorr
  0.51TK TeekayPairCorr
  0.46EQNR Equinor ASA ADR Earnings Call This WeekPairCorr
  0.45VIST Vista Oil GasPairCorr
  0.41TS Tenaris SA ADRPairCorr

Related Correlations Analysis

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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   
ACGLO
+ 0.95
BHFAP
DUKB
+ 0.88
ACGLO
DUKB
+ 0.81
BHFAP
DUKB
+ 0.69
UNMA
ACGLO
+ 0.62
UNMA
UNMA
+ 0.61
BHFAP
  
High negative correlations   
ARGD
- 0.1
BHFAP
DUKB
- 0.03
ARGD
ACGLO
- 0.03
ARGD

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.

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