Bridger Aerospace Group Stock Beta
| BAER Stock | 1.77 0.05 2.91% |
Fundamental analysis of Bridger Aerospace allows traders to better anticipate movements in Bridger Aerospace's stock price by examining its financial health and performance throughout various phases of its business cycle.
Bridger | Beta | Build AI portfolio with Bridger Stock |
Bridger Aerospace Group Company Beta Analysis
Bridger Aerospace's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Bridger Aerospace Beta | 0.17 |
Most of Bridger Aerospace's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Bridger Aerospace Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Bridger Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Bridger Aerospace is extremely important. It helps to project a fair market value of Bridger Stock properly, considering its historical fundamentals such as Beta. Since Bridger Aerospace's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Bridger Aerospace's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Bridger Aerospace's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Bridger Aerospace Group has a Beta of 0.172. This is 87.45% lower than that of the Electronic Equipment, Instruments & Components sector and 54.74% lower than that of the Information Technology industry. The beta for all United States stocks is notably lower than that of the firm.
Bridger Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Bridger Aerospace's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Bridger Aerospace could also be used in its relative valuation, which is a method of valuing Bridger Aerospace by comparing valuation metrics of similar companies.Bridger Aerospace is currently under evaluation in beta category among its peers.
As returns on the market increase, Bridger Aerospace's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bridger Aerospace is expected to be smaller as well.
Bridger Fundamentals
| Return On Equity | -0.43 | ||||
| Return On Asset | 0.0262 | ||||
| Profit Margin | (0.10) % | ||||
| Operating Margin | (0.67) % | ||||
| Current Valuation | 674.45 M | ||||
| Shares Outstanding | 54.74 M | ||||
| Shares Owned By Insiders | 40.04 % | ||||
| Shares Owned By Institutions | 34.31 % | ||||
| Number Of Shares Shorted | 693.23 K | ||||
| Price To Sales | 0.89 X | ||||
| Revenue | 98.61 M | ||||
| Gross Profit | 43.28 M | ||||
| EBITDA | 24.84 M | ||||
| Net Income | (15.57 M) | ||||
| Total Debt | 212.56 M | ||||
| Book Value Per Share | (6.35) X | ||||
| Cash Flow From Operations | 9.36 M | ||||
| Short Ratio | 3.15 X | ||||
| Earnings Per Share | (0.67) X | ||||
| Target Price | 5.25 | ||||
| Number Of Employees | 191 | ||||
| Beta | 0.17 | ||||
| Market Capitalization | 96.89 M | ||||
| Total Asset | 290.81 M | ||||
| Retained Earnings | (429.24 M) | ||||
| Working Capital | 40.42 M | ||||
| Net Asset | 290.81 M |
About Bridger Aerospace Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bridger Aerospace Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bridger Aerospace using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bridger Aerospace Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Bridger Aerospace
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bridger Aerospace position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bridger Aerospace will appreciate offsetting losses from the drop in the long position's value.Moving together with Bridger Stock
| 0.62 | DSWL | Deswell Industries | PairCorr |
| 0.79 | FFIV | F5 Networks | PairCorr |
| 0.77 | HPE | Hewlett Packard Ente | PairCorr |
| 0.81 | VSH | Vishay Intertechnology Earnings Call This Week | PairCorr |
Moving against Bridger Stock
| 0.67 | MPTI | M tron Industries, Earnings Call This Week | PairCorr |
| 0.48 | HPQ | HP Inc | PairCorr |
| 0.45 | S | SentinelOne | PairCorr |
| 0.41 | NNDM | Nano Dimension | PairCorr |
The ability to find closely correlated positions to Bridger Aerospace could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bridger Aerospace when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bridger Aerospace - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bridger Aerospace Group to buy it.
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bridger Aerospace moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bridger Aerospace moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bridger Aerospace can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Bridger Stock Analysis
When running Bridger Aerospace's price analysis, check to measure Bridger Aerospace's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bridger Aerospace is operating at the current time. Most of Bridger Aerospace's value examination focuses on studying past and present price action to predict the probability of Bridger Aerospace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bridger Aerospace's price. Additionally, you may evaluate how the addition of Bridger Aerospace to your portfolios can decrease your overall portfolio volatility.