Bridger Aerospace Correlations
| BAERW Stock | 0.06 0.0002 0.33% |
The current 90-days correlation between Bridger Aerospace and Electrovaya Common Shares is 0.1 (i.e., Average 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
Average diversification
The correlation between Bridger Aerospace Group and DJI is 0.12 (i.e., Average 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.
Moving together with Bridger Stock
| 0.67 | EVLV | Evolv Technologies Buyout Trend | PairCorr |
| 0.64 | HPQ | HP Inc Sell-off Trend | PairCorr |
| 0.68 | PAY | Paymentus Holdings | PairCorr |
| 0.66 | STX | Seagate Technology PLC | PairCorr |
| 0.65 | WDC | Western Digital Earnings Call This Week | PairCorr |
| 0.86 | IONQ | IONQ Inc Aggressive Push | PairCorr |
| 0.78 | NTAP | NetApp Inc | PairCorr |
| 0.74 | PDYN | Palladyne AI Corp | PairCorr |
| 0.81 | PSTG | Pure Storage | PairCorr |
| 0.87 | ANET | Arista Networks | PairCorr |
| 0.74 | S | SentinelOne | PairCorr |
| 0.67 | VERI | Veritone | PairCorr |
| 0.85 | VRAR | Glimpse Group | PairCorr |
| 0.69 | VRNS | Varonis Systems | PairCorr |
| 0.69 | VRNT | Verint Systems | PairCorr |
| 0.93 | WKEY | Wisekey International Earnings Call This Week | PairCorr |
| 0.69 | FIVN | Five9 Inc Earnings Call This Week | PairCorr |
| 0.85 | CAN | Canaan Inc | PairCorr |
Moving against Bridger Stock
| 0.46 | MQ | Marqeta | PairCorr |
| 0.38 | GB | Global Blue Group | PairCorr |
| 0.36 | QBTS | D Wave Quantum Aggressive Push | PairCorr |
| 0.9 | VRSN | VeriSign Buyout Trend | PairCorr |
| 0.44 | XBP | XBP Europe Holdings | PairCorr |
Related Correlations Analysis
| -0.39 | -0.08 | 0.12 | 0.0 | 0.07 | -0.4 | CTYMF | ||
| -0.39 | 0.35 | -0.31 | 0.0 | 0.41 | 0.09 | ALLE | ||
| -0.08 | 0.35 | -0.35 | 0.0 | 0.29 | 0.39 | IIIN | ||
| 0.12 | -0.31 | -0.35 | 0.0 | -0.3 | -0.3 | HEES | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CAEN | ||
| 0.07 | 0.41 | 0.29 | -0.3 | 0.0 | -0.28 | ELVA | ||
| -0.4 | 0.09 | 0.39 | -0.3 | 0.0 | -0.28 | EHGO | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CTYMF | 3.55 | 0.93 | 0.22 | (6.58) | 3.22 | 7.80 | 28.71 | |||
| ALLE | 1.55 | 0.05 | 0.10 | (0.45) | 2.10 | 2.88 | 7.89 | |||
| IIIN | 2.10 | 0.42 | 0.19 | 0.31 | 2.05 | 7.15 | 17.76 | |||
| HEES | 0.87 | 0.02 | 0.19 | (0.49) | 0.82 | 0.99 | 17.42 | |||
| CAEN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELVA | 3.08 | 0.16 | 0.09 | (3.47) | 3.15 | 7.54 | 21.32 | |||
| EHGO | 1.83 | (0.06) | 0.00 | 0.09 | 0.00 | 4.85 | 10.18 |
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 Wilkins | COO Operations | Profile |