Brighthouse Financial Correlations
| BHFAP Preferred Stock | USD 19.60 0.10 0.51% |
The current 90-days correlation between Brighthouse Financial and Jackson Financial is 0.41 (i.e., Very weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Brighthouse Financial Correlation With Market
Very weak diversification
The correlation between Brighthouse Financial and DJI is 0.43 (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.
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 Preferred Stock
| 0.69 | FG | FG Annuities Life | PairCorr |
| 0.83 | MET-PA | MetLife Preferred Stock | PairCorr |
| 0.85 | MET-PE | MetLife Preferred Stock | PairCorr |
| 0.9 | MET-PF | MetLife Preferred Stock | PairCorr |
| 0.72 | BHF | Brighthouse Financial | PairCorr |
| 0.73 | CIA | Citizens | PairCorr |
| 0.68 | CNO | CNO Financial Group | PairCorr |
| 0.9 | LNC | Lincoln National | PairCorr |
| 0.79 | MET | MetLife | PairCorr |
| 0.83 | PRI | Primerica | PairCorr |
| 0.83 | PRU | Prudential Financial | PairCorr |
| 0.66 | LNC-PD | Lincoln National | PairCorr |
| 0.82 | GL-PD | Globe Life 425 | PairCorr |
| 0.98 | BHFAO | Brighthouse Financial | PairCorr |
| 0.95 | BHFAN | Brighthouse Financial | PairCorr |
| 0.95 | BHFAM | Brighthouse Financial | PairCorr |
| 0.88 | CNO-PA | CNO Financial Group | PairCorr |
| 0.69 | C | Citigroup Aggressive Push | PairCorr |
| 0.79 | DHIL | Diamond Hill Investment | PairCorr |
| 0.66 | AC | Associated Capital | PairCorr |
| 0.75 | BK | Bank of New York | PairCorr |
| 0.69 | BX | Blackstone Group | PairCorr |
Moving against Brighthouse Preferred Stock
| 0.53 | ABLLW | Abacus Life | PairCorr |
| 0.5 | PUK | Prudential PLC ADR | PairCorr |
| 0.32 | ABL | Abacus Life Earnings Call This Week | PairCorr |
| 0.37 | DIST | Distoken Acquisition | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Brighthouse Preferred 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MET-PE | 0.40 | (0.03) | 0.00 | (0.31) | 0.00 | 0.77 | 2.82 | |||
| JXN-PA | 0.36 | 0.00 | 0.00 | (0.11) | 0.00 | 0.74 | 4.00 | |||
| MET-PF | 0.61 | (0.07) | 0.00 | (0.47) | 0.00 | 1.10 | 4.24 | |||
| BHFAO | 1.20 | (0.12) | 0.00 | (0.42) | 0.00 | 2.62 | 7.51 |
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?
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Brighthouse Financial Corporate Management
| Christine Esq | Chief VP | Profile | |
| Dana Amante | Head Relations | Profile | |
| Jacob Jenkelowitz | Co Sec | Profile | |
| Janet Morgan | VP Treasurer | Profile | |
| Kristine Toscano | Chief Officer | Profile |