Bridger Aerospace Correlations

Stocks . USA . 
Stock . Bridger Aerospace Group
BAER Stock   1.22  0.08  6.15%   
The current 90-days correlation between Bridger Aerospace and NL Industries is 0.09 (i.e., Significant diversification). The correlation of Bridger Aerospace is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Bridger Aerospace Correlation With Market

Good diversification

The correlation between Bridger Aerospace Group and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridger Aerospace Group and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bridger Aerospace Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Bridger Stock

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Moving against Bridger Stock

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  0.63PG Procter GamblePairCorr
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Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
REZI
+ 0.84
MSA
BRC
+ 0.81
REZI
BRC
+ 0.77
MSA
BCO
+ 0.76
MSA
BCO
+ 0.74
BRC
BRC
+ 0.71
ALLE
  
High negative correlations   
SPCB
- 0.2
NL
GFAIW
- 0.14
SPCB
GFAIW
- 0.11
ALLE
GFAIW
- 0.09
BRC
SPCB
- 0.06
REZI
SPCB
- 0.01
MSA

Risk-Adjusted Indicators

There is a big difference between Bridger Stock performing well and Bridger Aerospace Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Bridger Aerospace's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ALLE  1.21 (0.04) 0.00 (0.09) 0.00 
 0.00 
 2.17 
(3.02)
 7.89 
MSA  0.97 (0.18) 0.00 (0.24) 0.00 
 0.00 
 1.64 
(2.67)
 4.68 
REZI  1.70 (0.45) 0.00 (0.28) 0.00 
 0.00 
 3.07 
(3.58)
 12.10 
NL  2.23  0.02  0.00 (0.02) 0.00 
 0.00 
 5.56 
(4.16)
 13.99 
BRC  1.24 (0.05) 0.00 (0.08) 0.00 
 0.00 
 2.42 
(2.77)
 9.18 
GFAI  7.35  0.62  0.07  0.41  8.15 
(8.94)
 14.00 
(11.96)
 81.22 
IVDA  9.97  1.46  0.14 (1.30) 10.14 
(13.20)
 25.53 
(18.39)
 78.84 
SPCB  9.09  1.99  0.24  1.00  7.37 
(11.49)
 17.19 
(14.13)
 76.28 
GFAIW  13.57  1.63  0.12 (0.51) 12.68 
(22.13)
 35.00 
(25.68)
 138.35 
BCO  1.41 (0.09) 0.00 (0.11) 0.00 
 0.00 
 2.46 
(2.85)
 8.34 

Bridger Aerospace Corporate Executives

Elected by the shareholders, the Bridger Aerospace's board of directors comprises two types of representatives: Bridger Aerospace inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bridger. The board's role is to monitor Bridger Aerospace's management team and ensure that shareholders' interests are well served. Bridger Aerospace's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bridger Aerospace's outside directors are responsible for providing unbiased perspectives on the board's policies.
Darren WilkinsCOO OperationsProfile
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