Brighthouse Financial, Inc. Depositary Shares 6.6% Non-Cumulative Preferred Stock, Series A (BHFAP) Correlation Distribution
Across 6,809 rolling correlation observations between Brighthouse Financial, Inc. Depositary Shares 6.6% Non-Cumulative Preferred Stock, Series A (BHFAP) and other NASDAQ-listed stocks, 68.3% are positive and 31.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.263, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.1% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,809
- Mean correlation
- 0.263
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.3%
- Strong positive (≥0.7)
- 27.1%
- Sector
- Life Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 102 | 1.5% | |
| -0.8 to -0.7 | 101 | 1.5% | |
| -0.7 to -0.6 | 318 | 4.7% | |
| -0.6 to -0.5 | 318 | 4.7% | |
| -0.5 to -0.4 | 271 | 4.0% | |
| -0.4 to -0.3 | 271 | 4.0% | |
| -0.3 to -0.2 | 268 | 3.9% | |
| -0.2 to -0.1 | 267 | 3.9% | |
| -0.1 to 0.0 | 244 | 3.6% | |
| 0.0 to 0.1 | 244 | 3.6% | |
| 0.1 to 0.2 | 273 | 4.0% | |
| 0.2 to 0.3 | 273 | 4.0% | |
| 0.3 to 0.4 | 360 | 5.3% | |
| 0.4 to 0.5 | 360 | 5.3% | |
| 0.5 to 0.6 | 646 | 9.5% | |
| 0.6 to 0.7 | 646 | 9.5% | |
| 0.7 to 0.8 | 904 | 13.3% | |
| 0.8 to 0.9 | 903 | 13.3% | |
| 0.9 to 1.0 | 40 | 0.6% |
Frequently asked questions
What is the average correlation of BHFAP?
Brighthouse Financial, Inc. Depositary Shares 6.6% Non-Cumulative Preferred Stock, Series A (BHFAP) has an average correlation of about 0.263 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BHFAP positively correlated with other stocks?
Mostly yes — 68.3% of pairs are positive and 31.7% are negative. Strong positive correlations (≥0.7) make up 27.1%.
What is the most common correlation range for BHFAP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23% of all pairs.
Explore the full interactive correlation distribution for BHFAP.
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