Badger Meter Correlations

BMI Stock

USD 156.92 3.87 2.53%

The current 90-days correlation between Badger Meter and Vontier Corp is 0.46 (i.e., Very weak diversification). The correlation of Badger Meter 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.

Badger Meter Correlation With Market

Very good diversification

The correlation between Badger Meter and DJI is -0.48 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Badger Meter and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Badger Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Badger Meter. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more detail on how to invest in Badger Stock please use our How to Invest in Badger Meter guide.

Moving together with Badger Stock

0.68	EVLV	Evolv Technologies	Pair Corr
0.71	LPL	LG Display	Pair Corr
0.76	GFAI	Guardforce AI	Pair Corr
0.78	HOLO	MicroCloud Hologram	Pair Corr
0.77	ZEPP	Zepp Health Corp Trending	Pair Corr
0.77	SXC	Sunny Optical Technology	Pair Corr

Moving against Badger Stock

0.85	AVT	Avnet Inc	Pair Corr
0.82	CTS	CTS Corporation	Pair Corr
0.81	TDY	Teledyne Technologies	Pair Corr
0.78	MEI	Methode Electronics	Pair Corr
0.77	ARW	Arrow Electronics Tech Boost	Pair Corr
0.77	BHE	Benchmark Electronics	Pair Corr
0.75	GLW	Corning Incorporated Tech Boost	Pair Corr
0.62	VRME	VerifyMe	Pair Corr
0.56	ROG	Rogers	Pair Corr
0.55	JBL	Jabil Circuit	Pair Corr
0.46	BDC	Belden Inc	Pair Corr
0.44	SCE	Schweizer Electronic	Pair Corr
0.81	PLXS	Plexus Corp	Pair Corr
0.72	ME5A	Methode Electronics	Pair Corr
0.71	ARW	Arrow Electronics	Pair Corr
0.71	BELFB	Bel Fuse B Earnings Call This Week	Pair Corr
0.7	IPGP	IPG Photonics Earnings Call Today	Pair Corr
0.67	BMU	Benchmark Electronics	Pair Corr
0.65	MPTI	M tron Industries	Pair Corr
0.56	PDYN	Palladyne AI Corp	Pair Corr
0.54	RELL	Richardson Electronics Tech Boost	Pair Corr

Related Correlations Analysis

	VNT	ITRI	ESE	OSIS	NOVT	LFUS	VICR	INGM	CAMT	WEX
VNT		0.51	0.59	0.31	0.7	0.74	0.63	0.27	0.63	0.65	VNT
ITRI	0.51		0.65	0.47	0.3	0.46	0.33	0.01	0.48	0.21	ITRI
ESE	0.59	0.65		0.09	0.54	0.77	0.57	-0.19	0.62	0.34	ESE
OSIS	0.31	0.47	0.09		0.28	0.1	0.28	0.07	0.35	0.42	OSIS
NOVT	0.7	0.3	0.54	0.28		0.89	0.92	0.16	0.89	0.83	NOVT
LFUS	0.74	0.46	0.77	0.1	0.89		0.89	0.08	0.89	0.65	LFUS
VICR	0.63	0.33	0.57	0.28	0.92	0.89		-0.06	0.93	0.7	VICR
INGM	0.27	0.01	-0.19	0.07	0.16	0.08	-0.06		0.06	0.33	INGM
CAMT	0.63	0.48	0.62	0.35	0.89	0.89	0.93	0.06		0.75	CAMT
WEX	0.65	0.21	0.34	0.42	0.83	0.65	0.7	0.33	0.75		WEX
	VNT	ITRI	ESE	OSIS	NOVT	LFUS	VICR	INGM	CAMT	WEX

Please upgrade your account to get full access to Macroaxis premium features

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

CAMT	+ 0.93	VICR
VICR	+ 0.92	NOVT
LFUS	+ 0.89	NOVT
CAMT	+ 0.89	NOVT
VICR	+ 0.89	LFUS
CAMT	+ 0.89	LFUS

High negative correlations

INGM	- 0.19	ESE
INGM	- 0.06	VICR

Risk-Adjusted Indicators

There is a big difference between Badger Stock performing well and Badger Meter 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 Badger Meter'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
VNT	1.15	(0.01)	0.01	0.09	1.58	(1.15)	2.77	(2.57)	6.72
ITRI	1.36	(0.22)	0.00	(0.06)	0.00	0.00	2.39	(3.23)	7.67
ESE	1.63	0.32	0.17	0.45	1.53	(1.89)	3.47	(3.16)	7.84
OSIS	1.97	(0.23)	0.00	(0.03)	0.00	0.00	4.86	(4.34)	14.59
NOVT	1.91	0.28	0.16	0.25	1.88	(2.17)	6.09	(3.24)	16.00
LFUS	1.64	0.46	0.29	0.37	1.20	(1.86)	4.80	(2.84)	8.56
VICR	2.72	0.77	0.22	0.47	3.02	(2.88)	6.34	(6.12)	23.16
INGM	1.60	(0.14)	(0.04)	0.00	2.05	(1.66)	3.53	(3.85)	9.17
CAMT	2.83	0.37	0.11	0.41	3.15	(3.14)	7.26	(6.12)	14.74
WEX	1.52	0.07	0.07	0.14	1.62	(1.73)	3.40	(2.42)	10.21

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC