Brighthouse Financial, Inc. Depositary Shares 6.75% Non-Cum Pfd Series B (BHFAO) — Stock Correlations & Overview
Over the past year, BHFAO has moved most closely with BHFAP, BHFAN, BHFAM. Explore the stocks most correlated and inversely correlated with BHFAO below, along with its price, financials, and company profile.
Stocks correlated with BHFAO
Correlation of daily returns. Higher positive values move with BHFAO; negative values move opposite it. Informational only, not investment advice.
Most correlated with BHFAO
| Symbol | Company | Correlation |
|---|---|---|
| BHFAP | Brighthouse Financial, Inc. Depositary Shares 6.6% Non-Cumulative Preferred Stock, Series ALIFE INSURANCE | 0.92 |
| 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 | 0.89 |
| 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 | 0.84 |
| BHFAL | Brighthouse Financial, Inc. 6.25% Junior Subordinated Debentures due 2058LIFE INSURANCE | 0.61 |
| PEN | Penumbra, Inc.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.36 |
Most inversely correlated with BHFAO
| Symbol | Company | Correlation |
|---|---|---|
| ENGS | Energys Group Limited Ordinary Shares | -0.33 |
| ACVA | ACV Auctions Inc.SERVICES-BUSINESS SERVICES, NEC | -0.28 |
| ACFN | Acorn Energy, Inc. Common StockSERVICES-ENGINEERING SERVICES | -0.27 |
| HDSN | Hudson Technologies IncWHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES | -0.27 |
| ICL | ICL Group Ltd. | -0.25 |
Frequently asked questions about BHFAO correlations
- Which stocks are most correlated with BHFAO?
- Based on one year of daily returns, the stocks most correlated with Brighthouse Financial, Inc. Depositary Shares 6.75% Non-Cum Pfd Series B (BHFAO) are BHFAP (0.92), BHFAN (0.89) and BHFAM (0.84). 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 BHFAO?
- Over the past year, the stocks most inversely correlated with Brighthouse Financial, Inc. Depositary Shares 6.75% Non-Cum Pfd Series B (BHFAO) are ENGS (-0.33), ACVA (-0.28) and ACFN (-0.27). 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 BHFAO correlations calculated?
- We compute the correlation of daily returns between BHFAO 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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