Brighthouse Financial Correlations
| BHFAL Stock | USD 17.82 0.21 1.19% |
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
Very weak diversification
The correlation between Brighthouse Financial and DJI is 0.51 (i.e., Very 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.
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Moving together with Brighthouse Stock
| 0.75 | EU | enCore Energy Corp | PairCorr |
| 0.84 | VG | Venture Global | PairCorr |
| 0.7 | RBY | Rubellite Energy | PairCorr |
| 0.81 | DMLP | Dorchester Minerals | PairCorr |
| 0.76 | SDE | Spartan Delta Corp | PairCorr |
| 0.64 | VIST | Vista Oil Gas | PairCorr |
| 0.77 | OBE | Obsidian Energy | PairCorr |
| 0.62 | PSK | PrairieSky Royalty | PairCorr |
| 0.77 | MAU | Etablissements Maurel | PairCorr |
| 0.75 | FO | Falcon Oil Gas | PairCorr |
| 0.62 | CNQ | Canadian Natural Res | PairCorr |
| 0.66 | CRC | California Resources Corp | PairCorr |
Moving against Brighthouse Stock
| 0.52 | LGN | Logan Energy Corp | PairCorr |
| 0.34 | VIVK | Vivakor | PairCorr |
| 0.67 | ROK | ROK Resources | PairCorr |
| 0.45 | ERHE | ERHC Energy | PairCorr |
| 0.7 | DEC | Diversified Energy | PairCorr |
| 0.54 | HEVI | Helium Evolution | PairCorr |
| 0.37 | EXE | Expand Energy | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.89 | 0.0 | 0.0 | RKOS | ||
| 0.0 | 1.0 | 0.0 | 1.0 | 1.0 | TSCAF | ||
| 0.0 | 1.0 | 0.0 | 1.0 | 1.0 | SUNWQ | ||
| 0.89 | 0.0 | 0.0 | 0.0 | 0.0 | ECCE | ||
| 0.0 | 1.0 | 1.0 | 0.0 | 1.0 | SUBB | ||
| 0.0 | 1.0 | 1.0 | 0.0 | 1.0 | BPIGF | ||
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RKOS | 10.80 | 6.09 | 0.00 | (1.44) | 0.00 | 14.29 | 300.00 | |||
| TSCAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SUNWQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ECCE | 2.98 | 1.61 | 0.00 | (1.33) | 0.00 | 0.00 | 100.00 | |||
| SUBB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BPIGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |