Brighthouse Financial Correlations
| BROC Stock | EUR 53.50 0.50 0.94% |
The current 90-days correlation between Brighthouse Financial and NIPPON PROLOGIS REIT is 0.09 (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
Pay attention - limited upside
The correlation between Brighthouse Financial and DJI is -0.83 (i.e., Pay attention - limited upside) 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.
Brighthouse |
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.
Moving together with Brighthouse Stock
Moving against Brighthouse Stock
| 0.94 | NOEJ | Norma Group AG | PairCorr |
| 0.93 | HBC1 | HSBC Holdings plc | PairCorr |
| 0.92 | HBC1 | HSBC HLDG | PairCorr |
| 0.91 | KGHA | KGHM Polska Miedz | PairCorr |
| 0.9 | SSUN | Samsung Electronics | PairCorr |
| 0.9 | OTP | OTP Bank Nyrt | PairCorr |
| 0.88 | 2SF | Sparebank 1 Ostlandet | PairCorr |
| 0.88 | ASME | ASML Holding NV | PairCorr |
| 0.87 | 4FO | Industrias Penoles Sab | PairCorr |
| 0.84 | G1MN | Globex Mining Enterprises | PairCorr |
| 0.81 | 6HW | BANK HANDLOWY | PairCorr |
| 0.8 | IUA | ASTRA GRAPHIA | PairCorr |
| 0.79 | KSB3 | KSB SE | PairCorr |
| 0.78 | ST2 | Sturm Ruger Earnings Call Tomorrow | PairCorr |
| 0.76 | FV6 | EMMI N | PairCorr |
| 0.74 | NVPF | IRPC PCL NVDR | PairCorr |
| 0.72 | ECK | LUDWIG BECK | PairCorr |
| 0.69 | UBW1 | Babcock Wilcox Enter | PairCorr |
| 0.68 | UWS | Waste Management | PairCorr |
| 0.58 | T9Q | TOTAL BANGUN PERSAD | PairCorr |
| 0.58 | PD0 | Pebblebrook Hotel Trust | PairCorr |
| 0.56 | RH7 | RYMAN HEALTHCAR | PairCorr |
| 0.92 | TGE1 | MOBILEZONE N | PairCorr |
| 0.91 | TKDA | Takeda Pharmaceutical | PairCorr |
| 0.9 | 8ZI | Scandinavian Tobacco | PairCorr |
| 0.89 | 2N8 | Global Net Lease | PairCorr |
| 0.88 | MKT | MKS Instruments Earnings Call Today | PairCorr |
| 0.86 | DFA1 | Dairy Farm International | PairCorr |
| 0.82 | HKT | HK Electric Investments | PairCorr |
| 0.82 | NZR | NZ REFINING CO | PairCorr |
Related Correlations Analysis
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
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 9NPA | 0.51 | (0.06) | 0.00 | 1.18 | 0.00 | 1.98 | 8.96 | |||
| 0S2 | 0.80 | (0.10) | 0.00 | (0.57) | 0.00 | 1.55 | 4.84 | |||
| K9R | 0.86 | (0.06) | 0.00 | 0.23 | 0.00 | 1.12 | 9.18 | |||
| 2ES | 0.64 | 0.00 | (0.05) | 0.13 | 0.89 | 1.23 | 3.67 | |||
| 7ZY | 0.70 | 0.00 | (0.06) | (0.14) | 0.84 | 1.28 | 5.10 | |||
| JUA | 0.79 | (0.05) | 0.00 | 0.18 | 0.00 | 1.48 | 5.05 | |||
| S4C | 1.15 | (0.03) | 0.00 | 1.41 | 0.00 | 2.46 | 6.34 | |||
| 85L | 0.88 | 0.02 | (0.03) | (1.78) | 1.12 | 1.59 | 9.39 | |||
| O2F | 0.87 | (0.05) | 0.00 | (0.28) | 0.00 | 1.83 | 17.02 | |||
| 8UT | 0.63 | (0.04) | 0.00 | (0.70) | 0.00 | 0.92 | 3.59 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Brighthouse Financial without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Price Ceiling Movement Now
Price Ceiling MovementCalculate and plot Price Ceiling Movement for different equity instruments |
| All Next | Launch Module |
Brighthouse Financial Corporate Management
Elected by the shareholders, the Brighthouse Financial's board of directors comprises two types of representatives: Brighthouse Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Brighthouse. The board's role is to monitor Brighthouse Financial's management team and ensure that shareholders' interests are well served. Brighthouse Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Brighthouse Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Melissa Pavlovich | Chief Officer | Profile | |
| Allie Lin | Executive Counsel | Profile | |
| Dana Amante | Head Relations | Profile | |
| John CFA | Executive Officer | Profile |