| BAERW Stock | | | 0.09 0.01 10.00% |
The current 90-days correlation between Bridger Aerospace and Jabil Circuit is -0.01 (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.
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Related Correlations Analysis
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 |
Risk-Adjusted IndicatorsThere 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.
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.