Brighthouse Financial, Inc. 6.25% Junior Subordinated Debentures due 2058 (BHFAL) — Stock Correlations & Overview
Over the past year, BHFAL has moved most closely with BHFAO, BHFAP, BHFAN. Explore the stocks most correlated and inversely correlated with BHFAL below, along with its price, financials, and company profile.
Stocks correlated with BHFAL
Correlation of daily returns. Higher positive values move with BHFAL; negative values move opposite it. Informational only, not investment advice.
Most correlated with BHFAL
| Symbol | Company | Correlation |
|---|---|---|
| BHFAO | Brighthouse Financial, Inc. Depositary Shares 6.75% Non-Cum Pfd Series BLIFE INSURANCE | 0.61 |
| BHFAP | Brighthouse Financial, Inc. Depositary Shares 6.6% Non-Cumulative Preferred Stock, Series ALIFE INSURANCE | 0.58 |
| BHFAN | Brighthouse Financial, Inc. Depositary shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series CLIFE INSURANCE | 0.57 |
| BHFAM | Brighthouse Financial, Inc. Depositary shares each representing a 1/1,000th Interest in a Share of 4.625% Non-Cumulative Preferred Stock, Series DLIFE INSURANCE | 0.56 |
| BACpM | Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KKNATIONAL COMMERCIAL BANKS | 0.39 |
Most inversely correlated with BHFAL
| Symbol | Company | Correlation |
|---|---|---|
| BENFW | Beneficient WarrantFINANCE SERVICES | -0.24 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.24 |
| GGLS | Direxion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF | -0.23 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.23 |
| CB | Chubb LimitedFIRE, MARINE & CASUALTY INSURANCE | -0.23 |
Frequently asked questions about BHFAL correlations
- Which stocks are most correlated with BHFAL?
- Based on one year of daily returns, the stocks most correlated with Brighthouse Financial, Inc. 6.25% Junior Subordinated Debentures due 2058 (BHFAL) are BHFAO (0.61), BHFAP (0.58) and BHFAN (0.57). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BHFAL?
- Over the past year, the stocks most inversely correlated with Brighthouse Financial, Inc. 6.25% Junior Subordinated Debentures due 2058 (BHFAL) are BENFW (-0.24), EFZ (-0.24) and GGLS (-0.23). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BHFAL correlations calculated?
- We compute the correlation of daily returns between BHFAL and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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