Bridger Aerospace Correlations

BAERW Stock

0.14 0.01 6.67%

The current 90-days correlation between Bridger Aerospace and Concorde International Group is -0.19 (i.e., Good 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 -0.07 (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.

Build AI portfolio with Bridger Stock

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 real.

Moving together with Bridger Stock

0.75

KEYS

Keysight Technologies

Pair Corr

Moving against Bridger Stock

0.68	AMO	Ambertech	Pair Corr
0.53	LINK	Interlink Electronics	Pair Corr
0.47	IMTE	Integrated Media Tec	Pair Corr
0.4	SNT	Sabien Technology	Pair Corr
0.38	VSH	Vishay Intertechnology	Pair Corr
0.62	STAI	ScanTech AI Systems	Pair Corr
0.47	PTE	Pioneering Technology	Pair Corr
0.37	SLF	Sun Life Financial	Pair Corr
0.55	VTMXF	Vital Metals Limited	Pair Corr

Related Correlations Analysis

	CIGL	IVDA	CLIK	BKYI	DGLY	PMAX	ELOG	ICON	RVSN	SBLX
CIGL		0.78	0.62	-0.11	0.77	0.41	0.59	0.77	0.62	0.73	CIGL
IVDA	0.78		0.55	-0.31	0.71	0.59	0.39	0.7	0.62	0.79	IVDA
CLIK	0.62	0.55		0.07	0.74	0.12	0.55	0.81	0.36	0.66	CLIK
BKYI	-0.11	-0.31	0.07		-0.13	-0.41	0.07	-0.06	-0.21	-0.28	BKYI
DGLY	0.77	0.71	0.74	-0.13		0.36	0.72	0.96	0.65	0.8	DGLY
PMAX	0.41	0.59	0.12	-0.41	0.36		0.3	0.33	0.57	0.54	PMAX
ELOG	0.59	0.39	0.55	0.07	0.72	0.3		0.7	0.59	0.5	ELOG
ICON	0.77	0.7	0.81	-0.06	0.96	0.33	0.7		0.62	0.84	ICON
RVSN	0.62	0.62	0.36	-0.21	0.65	0.57	0.59	0.62		0.69	RVSN
SBLX	0.73	0.79	0.66	-0.28	0.8	0.54	0.5	0.84	0.69		SBLX
	CIGL	IVDA	CLIK	BKYI	DGLY	PMAX	ELOG	ICON	RVSN	SBLX

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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

ICON	+ 0.96	DGLY
SBLX	+ 0.84	ICON
ICON	+ 0.81	CLIK
SBLX	+ 0.8	DGLY
SBLX	+ 0.79	IVDA
IVDA	+ 0.78	CIGL

High negative correlations

PMAX	- 0.41	BKYI
BKYI	- 0.31	IVDA
SBLX	- 0.28	BKYI
RVSN	- 0.21	BKYI
DGLY	- 0.13	BKYI
BKYI	- 0.11	CIGL

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CIGL	6.07	(0.33)	0.00	(0.12)	0.00	0.00	12.64	(12.09)	92.43
IVDA	6.75	(0.43)	0.00	(0.08)	0.00	0.00	16.67	(13.46)	67.69
CLIK	6.51	(0.24)	0.00	(0.09)	0.00	0.00	17.06	(13.02)	96.16
BKYI	5.01	(0.03)	0.00	0.04	5.58	(6.64)	8.33	(9.71)	69.05
DGLY	4.06	(1.18)	0.00	(0.30)	0.00	0.00	8.06	(8.70)	44.96
PMAX	6.57	0.57	0.04	(0.11)	7.21	(7.88)	25.55	(13.19)	64.52
ELOG	3.77	(0.40)	0.00	(27.05)	0.00	0.00	5.88	(9.62)	28.93
ICON	3.28	(2.02)	0.00	(1.79)	0.00	0.00	4.73	(11.11)	30.75
RVSN	6.86	0.21	0.05	0.15	5.93	(11.74)	16.13	(9.23)	76.11
SBLX	5.10	(0.90)	0.00	(1.13)	0.00	0.00	10.26	(9.45)	32.50

Bridger Aerospace Corporate Management

James JD	Chief VP	Profile
Anne Hayes	Deputy Officer	Profile
Sam Davis	Interim staff	Profile
John Saunders	Senior Markets	Profile

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