Brighthouse Financial, Inc. Depositary Shares 6.75% Non-Cum Pfd Series B (BHFAO) Correlation Distribution
Across 6,809 rolling correlation observations between Brighthouse Financial, Inc. Depositary Shares 6.75% Non-Cum Pfd Series B (BHFAO) and other NASDAQ-listed stocks, 69.2% are positive and 30.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.27, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25.9% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,809
- Mean correlation
- 0.27
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.2%
- Strong positive (≥0.7)
- 25.9%
- Sector
- Life Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 56 | 0.8% | |
| -0.8 to -0.7 | 55 | 0.8% | |
| -0.7 to -0.6 | 311 | 4.6% | |
| -0.6 to -0.5 | 310 | 4.6% | |
| -0.5 to -0.4 | 294 | 4.3% | |
| -0.4 to -0.3 | 294 | 4.3% | |
| -0.3 to -0.2 | 262 | 3.8% | |
| -0.2 to -0.1 | 261 | 3.8% | |
| -0.1 to 0.0 | 253 | 3.7% | |
| 0.0 to 0.1 | 252 | 3.7% | |
| 0.1 to 0.2 | 300 | 4.4% | |
| 0.2 to 0.3 | 299 | 4.4% | |
| 0.3 to 0.4 | 391 | 5.7% | |
| 0.4 to 0.5 | 390 | 5.7% | |
| 0.5 to 0.6 | 660 | 9.7% | |
| 0.6 to 0.7 | 659 | 9.7% | |
| 0.7 to 0.8 | 867 | 12.7% | |
| 0.8 to 0.9 | 867 | 12.7% | |
| 0.9 to 1.0 | 28 | 0.4% |
Frequently asked questions
What is the average correlation of BHFAO?
Brighthouse Financial, Inc. Depositary Shares 6.75% Non-Cum Pfd Series B (BHFAO) has an average correlation of about 0.27 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BHFAO positively correlated with other stocks?
Mostly yes — 69.2% of pairs are positive and 30.8% are negative. Strong positive correlations (≥0.7) make up 25.9%.
What is the most common correlation range for BHFAO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.9% of all pairs.
Explore the full interactive correlation distribution for BHFAO.
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