Brighthouse Financial, Inc. Depositary shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series C (BHFAN) Correlation Distribution
Across 6,808 rolling correlation observations between Brighthouse Financial, Inc. Depositary shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series C (BHFAN) and other NASDAQ-listed stocks, 71% are positive and 29% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.334, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.2% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,808
- Mean correlation
- 0.334
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71%
- Strong positive (≥0.7)
- 38.2%
- Sector
- Life Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 95 | 1.4% | |
| -0.8 to -0.7 | 95 | 1.4% | |
| -0.7 to -0.6 | 243 | 3.6% | |
| -0.6 to -0.5 | 243 | 3.6% | |
| -0.5 to -0.4 | 272 | 4.0% | |
| -0.4 to -0.3 | 272 | 4.0% | |
| -0.3 to -0.2 | 251 | 3.7% | |
| -0.2 to -0.1 | 250 | 3.7% | |
| -0.1 to 0.0 | 256 | 3.8% | |
| 0.0 to 0.1 | 255 | 3.7% | |
| 0.1 to 0.2 | 235 | 3.5% | |
| 0.2 to 0.3 | 234 | 3.4% | |
| 0.3 to 0.4 | 293 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 460 | 6.8% | |
| 0.6 to 0.7 | 460 | 6.8% | |
| 0.7 to 0.8 | 1,056 | 15.5% | |
| 0.8 to 0.9 | 1,056 | 15.5% | |
| 0.9 to 1.0 | 489 | 7.2% |
Frequently asked questions
What is the average correlation of BHFAN?
Brighthouse Financial, Inc. Depositary shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series C (BHFAN) has an average correlation of about 0.334 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is BHFAN positively correlated with other stocks?
Mostly yes — 71% of pairs are positive and 29% are negative. Strong positive correlations (≥0.7) make up 38.2%.
What is the most common correlation range for BHFAN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.8% of all pairs.
Explore the full interactive correlation distribution for BHFAN.
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