Bridge Investment Correlations

BRDG Stock

USD 8.01 0.04 0.50%

The current 90-days correlation between Bridge Investment and Blackrock Muniyield is 0.12 (i.e., Average diversification). The correlation of Bridge Investment 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.

Bridge Investment Correlation With Market

Modest diversification

The correlation between Bridge Investment Group and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridge Investment Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bridge Investment 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 unemployment.

Moving together with Bridge Stock

0.78	CB	Chubb	Pair Corr
0.69	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.76	NU	Nu Holdings Aggressive Push	Pair Corr

Moving against Bridge Stock

0.81	LX	Lexinfintech Holdings Downward Rally	Pair Corr
0.75	C	Citigroup Earnings Call This Week	Pair Corr
0.71	AXP	American Express	Pair Corr
0.68	V	Visa Class A	Pair Corr
0.66	GL	Globe Life Earnings Call This Week	Pair Corr
0.59	LION	Lionsgate Studios Corp	Pair Corr
0.57	DB	Deutsche Bank AG	Pair Corr
0.57	HG	Hamilton Insurance Group,	Pair Corr
0.53	GS	Goldman Sachs Group	Pair Corr
0.52	LC	LendingClub Corp Downward Rally	Pair Corr
0.41	L	Loews Corp Earnings Call This Week	Pair Corr
0.37	BK	Bank of New York	Pair Corr
0.36	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.34	MA	Mastercard	Pair Corr
0.92	RJF-PB	Raymond James Financial	Pair Corr
0.75	RM	Regional Management Corp Earnings Call This Week	Pair Corr
0.73	TECTP	Tectonic Financial	Pair Corr
0.66	GCMGW	GCM Grosvenor	Pair Corr
0.53	PX	P10 Inc	Pair Corr
0.48	QD	Qudian Inc	Pair Corr
0.45	VBFC	Village Bank	Pair Corr
0.39	MC	Moelis Earnings Call This Week	Pair Corr
0.37	MS	Morgan Stanley	Pair Corr

Related Correlations Analysis

	FMN	MYD	DHIL	NXG	FHI	BSIG	MHD	JHI	KTF	MFM
FMN		0.83	0.45	0.08	0.39	-0.4	0.87	0.31	0.74	0.84	FMN
MYD	0.83		0.79	0.2	0.58	-0.49	0.86	0.07	0.92	0.94	MYD
DHIL	0.45	0.79		0.19	0.81	-0.23	0.54	-0.23	0.82	0.71	DHIL
NXG	0.08	0.2	0.19		-0.02	0.08	0.35	0.47	0.2	0.22	NXG
FHI	0.39	0.58	0.81	-0.02		0.1	0.51	-0.21	0.76	0.62	FHI
BSIG	-0.4	-0.49	-0.23	0.08	0.1		-0.21	0.25	-0.27	-0.43	BSIG
MHD	0.87	0.86	0.54	0.35	0.51	-0.21		0.42	0.85	0.89	MHD
JHI	0.31	0.07	-0.23	0.47	-0.21	0.25	0.42		0.04	0.13	JHI
KTF	0.74	0.92	0.82	0.2	0.76	-0.27	0.85	0.04		0.92	KTF
MFM	0.84	0.94	0.71	0.22	0.62	-0.43	0.89	0.13	0.92		MFM
	FMN	MYD	DHIL	NXG	FHI	BSIG	MHD	JHI	KTF	MFM

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

MFM	+ 0.94	MYD
KTF	+ 0.92	MYD
MFM	+ 0.92	KTF
MFM	+ 0.89	MHD
MHD	+ 0.87	FMN
MHD	+ 0.86	MYD

High negative correlations

BSIG	- 0.49	MYD
MFM	- 0.43	BSIG
BSIG	- 0.4	FMN
KTF	- 0.27	BSIG
JHI	- 0.23	DHIL
BSIG	- 0.23	DHIL

Risk-Adjusted Indicators

There is a big difference between Bridge Stock performing well and Bridge Investment 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 Bridge Investment'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
FMN	0.50	(0.06)	0.00	(0.25)	0.00	0.00	1.07	(1.09)	2.60
MYD	0.54	(0.07)	0.00	(0.21)	0.00	0.00	1.01	(1.09)	3.23
DHIL	1.10	(0.11)	0.00	(0.07)	0.00	0.00	2.30	(2.66)	10.59
NXG	1.79	0.16	0.03	0.48	3.19	(1.58)	3.57	(4.92)	14.49
FHI	0.89	0.04	(0.03)	0.27	1.16	(0.95)	2.03	(2.11)	6.81
BSIG	1.40	0.04	(0.01)	0.22	1.80	(1.43)	2.98	(3.40)	11.14
MHD	0.60	(0.02)	(0.11)	(0.01)	0.78	(0.56)	1.15	(1.11)	2.75
JHI	0.32	0.00	(0.21)	0.24	0.39	(0.35)	0.65	(0.73)	2.30
KTF	0.42	(0.03)	0.00	(0.08)	0.00	0.00	0.97	(0.94)	2.84
MFM	0.50	(0.03)	0.00	(0.08)	0.00	0.00	1.09	(1.11)	3.32

Bridge Investment Corporate Management

Matthew Grant	General MD	Profile
Pipier Bewlay	Managing Resources	Profile
Garrett Behling	Chief MD	Profile
Katherine Elsnab	Chief Officer	Profile
Charlotte Morse	Managing Marketing	Profile
Katherine CPA	Chief Officer	Profile
Jared Forsgren	Senior Officer	Profile

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

2024 Macroaxis LLC