Brighthouse Financial Correlations

BHF Stock

USD 46.21 0.60 1.28%

The current 90-days correlation between Brighthouse Financial and NMI Holdings is 0.16 (i.e., Average 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

Modest diversification

The correlation between Brighthouse Financial and DJI is 0.26 (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.

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 signals in census.

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	GNW	Genworth Financial Earnings Call This Week	Pair Corr
0.67	TGRP	TRON Group	Pair Corr
0.65	MMMRF	Mammoth Resources Corp	Pair Corr

Moving against Brighthouse Stock

0.62	601628	China Life Insurance	Pair Corr
0.43	PPERY	Bank Mandiri Persero	Pair Corr
0.48	PBCRY	Bank Central Asia Potential Growth	Pair Corr
0.43	PBCRF	PT Bank Central Earnings Call Tomorrow	Pair Corr
0.35	EL	Estee Lauder Companies Earnings Call Today	Pair Corr

Related Correlations Analysis

	NMIH	GNW	WSBC	HG	BFH	WU	KMPR	ENVA	SFNC	ECC
NMIH		0.11	-0.04	0.0	0.51	0.03	0.4	0.39	0.78	0.52	NMIH
GNW	0.11		0.73	0.87	-0.07	0.18	-0.55	0.65	0.26	0.15	GNW
WSBC	-0.04	0.73		0.71	0.04	0.27	-0.25	0.49	0.43	0.47	WSBC
HG	0.0	0.87	0.71		0.07	0.42	-0.64	0.63	0.15	0.16	HG
BFH	0.51	-0.07	0.04	0.07		0.6	0.2	0.58	0.43	0.46	BFH
WU	0.03	0.18	0.27	0.42	0.6		-0.33	0.53	0.1	0.29	WU
KMPR	0.4	-0.55	-0.25	-0.64	0.2	-0.33		-0.21	0.42	0.36	KMPR
ENVA	0.39	0.65	0.49	0.63	0.58	0.53	-0.21		0.42	0.43	ENVA
SFNC	0.78	0.26	0.43	0.15	0.43	0.1	0.42	0.42		0.85	SFNC
ECC	0.52	0.15	0.47	0.16	0.46	0.29	0.36	0.43	0.85		ECC
	NMIH	GNW	WSBC	HG	BFH	WU	KMPR	ENVA	SFNC	ECC

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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

HG	+ 0.87	GNW
ECC	+ 0.85	SFNC
SFNC	+ 0.78	NMIH
WSBC	+ 0.73	GNW
HG	+ 0.71	WSBC
ENVA	+ 0.65	GNW

High negative correlations

KMPR	- 0.64	HG
KMPR	- 0.55	GNW
KMPR	- 0.33	WU
KMPR	- 0.25	WSBC
ENVA	- 0.21	KMPR
BFH	- 0.07	GNW

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
NMIH	0.97	(0.15)	0.00	(0.10)	0.00	0.00	1.79	(1.83)	5.51
GNW	1.06	(0.06)	(0.03)	0.04	1.22	(1.23)	3.04	(1.84)	7.23
WSBC	1.33	(0.20)	0.00	(0.03)	0.00	0.00	3.76	(2.73)	12.78
HG	1.38	0.09	0.06	0.18	1.50	(1.51)	2.93	(2.86)	7.74
BFH	1.73	(0.13)	(0.02)	0.02	1.94	(2.02)	4.33	(3.10)	8.64
WU	1.37	0.13	0.09	0.19	1.33	(1.64)	2.65	(2.54)	10.87
KMPR	1.55	(0.39)	0.00	(0.66)	0.00	0.00	2.77	(2.68)	23.07
ENVA	1.77	0.04	0.06	0.11	1.93	(1.93)	4.24	(3.69)	12.16
SFNC	1.07	(0.25)	0.00	(0.09)	0.00	0.00	2.75	(1.78)	9.56
ECC	1.61	(0.13)	0.00	(0.07)	0.00	0.00	2.81	(4.02)	14.76

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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