Brightsphere Investment Correlations

BSIG Stock

USD 26.63 0.03 0.11%

The current 90-days correlation between Brightsphere Investment and Munivest Fund is -0.19 (i.e., Good diversification). The correlation of Brightsphere Investment 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.

Brightsphere Investment Correlation With Market

Poor diversification

The correlation between Brightsphere Investment Group and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brightsphere Investment Group 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 Brightsphere Investment Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Brightsphere Stock

0.65	MS	Morgan Stanley Earnings Call Today	Pair Corr
0.65	EARN	Ellington Residential	Pair Corr
0.62	IVR	Invesco Mortgage Capital	Pair Corr
0.63	RWT	Redwood Trust	Pair Corr
0.76	GPMT	Granite Point Mortgage	Pair Corr
0.82	MITT	AG Mortgage Investment	Pair Corr
0.61	ACRE	Ares Commercial Real	Pair Corr
0.87	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr
0.62	SEIC	SEI Investments Earnings Call This Week	Pair Corr
0.61	CODI	Compass Diversified	Pair Corr
0.68	C	Citigroup Downward Rally	Pair Corr

Moving against Brightsphere Stock

0.41

RAND

Rand Capital Corp

Pair Corr

Related Correlations Analysis

	MVF	MQT	MQY	MHD	MUE	KTF	MUI	MYD	FOCS
MVF		0.89	0.92	0.95	0.92	0.91	0.8	0.94	0.83	MVF
MQT	0.89		0.89	0.92	0.94	0.85	0.67	0.93	0.85	MQT
MQY	0.92	0.89		0.97	0.95	0.95	0.82	0.95	0.89	MQY
MHD	0.95	0.92	0.97		0.96	0.95	0.83	0.99	0.89	MHD
MUE	0.92	0.94	0.95	0.96		0.92	0.76	0.96	0.89	MUE
KTF	0.91	0.85	0.95	0.95	0.92		0.87	0.94	0.8	KTF
MUI	0.8	0.67	0.82	0.83	0.76	0.87		0.82	0.62	MUI
MYD	0.94	0.93	0.95	0.99	0.96	0.94	0.82		0.89	MYD
FOCS	0.83	0.85	0.89	0.89	0.89	0.8	0.62	0.89		FOCS
	MVF	MQT	MQY	MHD	MUE	KTF	MUI	MYD	FOCS

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Risk-Adjusted Indicators

There is a big difference between Brightsphere Stock performing well and Brightsphere Investment 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 Brightsphere Investment'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
MVF	0.39	0.03	(0.09)	(8.64)	0.45	(0.44)	0.82	(0.95)	2.30
MQT	0.42	0.03	(0.06)	0.34	0.59	(0.41)	0.87	(0.85)	3.23
MQY	0.32	0.07	(0.02)	0.78	0.29	(0.37)	0.79	(0.73)	2.23
MHD	0.36	0.08	0.00	0.87	0.30	(0.40)	0.73	(0.75)	2.58
MUE	0.34	0.05	(0.05)	0.42	0.31	(0.39)	0.85	(0.67)	2.45
KTF	0.30	0.08	(0.01)	(2.06)	0.16	(0.40)	0.63	(0.60)	1.66
MUI	0.19	0.04	(0.14)	1.01	0.07	(0.25)	0.41	(0.32)	1.66
MYD	0.41	0.05	(0.04)	0.53	0.41	(0.48)	1.05	(0.61)	2.65
FOCS	0.09	(0.01)	(0.83)	(0.72)	0.07	(0.10)	0.21	(0.17)	0.56

Brightsphere Investment Corporate Management

Elie Sugarman	Head Devel	Profile
Trevedi Tewari	Head Ireland	Profile
Olivier CFA	Head Business	Profile
Andrew Kim	Independent Director	Profile
Robert Campbell	Head Technology	Profile

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