Brighthouse Financial, Inc. Depositary shares each representing a 1/1,000th Interest in a Share of 4.625% Non-Cumulative Preferred Stock, Series D (BHFAM) Correlation Distribution
Across 6,792 rolling correlation observations between Brighthouse Financial, Inc. Depositary shares each representing a 1/1,000th Interest in a Share of 4.625% Non-Cumulative Preferred Stock, Series D (BHFAM) and other NASDAQ-listed stocks, 71.5% are positive and 28.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.323, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 29.8% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,792
- Mean correlation
- 0.323
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.5%
- Strong positive (≥0.7)
- 29.8%
- Sector
- Life Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 24 | 0.4% | |
| -0.8 to -0.7 | 23 | 0.3% | |
| -0.7 to -0.6 | 108 | 1.6% | |
| -0.6 to -0.5 | 108 | 1.6% | |
| -0.5 to -0.4 | 308 | 4.5% | |
| -0.4 to -0.3 | 308 | 4.5% | |
| -0.3 to -0.2 | 369 | 5.4% | |
| -0.2 to -0.1 | 369 | 5.4% | |
| -0.1 to 0.0 | 316 | 4.7% | |
| 0.0 to 0.1 | 315 | 4.6% | |
| 0.1 to 0.2 | 319 | 4.7% | |
| 0.2 to 0.3 | 319 | 4.7% | |
| 0.3 to 0.4 | 382 | 5.6% | |
| 0.4 to 0.5 | 382 | 5.6% | |
| 0.5 to 0.6 | 559 | 8.2% | |
| 0.6 to 0.7 | 559 | 8.2% | |
| 0.7 to 0.8 | 904 | 13.3% | |
| 0.8 to 0.9 | 904 | 13.3% | |
| 0.9 to 1.0 | 216 | 3.2% |
Frequently asked questions
What is the average correlation of BHFAM?
Brighthouse Financial, Inc. Depositary shares each representing a 1/1,000th Interest in a Share of 4.625% Non-Cumulative Preferred Stock, Series D (BHFAM) has an average correlation of about 0.323 with other NASDAQ stocks, based on 6,792 pairwise observations.
Is BHFAM positively correlated with other stocks?
Mostly yes — 71.5% of pairs are positive and 28.5% are negative. Strong positive correlations (≥0.7) make up 29.8%.
What is the most common correlation range for BHFAM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 29.5% of all pairs.
Explore the full interactive correlation distribution for BHFAM.
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