| BHFAL Stock | | | USD 24.75 0.34 1.39% |
The current 90-days correlation between Brighthouse Financial and CMS Energy Corp is 0.23 (i.e., Modest 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.