Bristow Correlations

VTOL Stock

USD 44.76 0.24 0.53%

The current 90-days correlation between Bristow Group and National Energy Services is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bristow moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bristow Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bristow Correlation With Market

Poor diversification

The correlation between Bristow Group and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bristow Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Bristow Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Bristow 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 employment.

Moving together with Bristow Stock

0.87	AT	Ashtead Technology	Pair Corr
0.87	E1V	Eidesvik Offshore ASA	Pair Corr
0.81	CLB	Core Laboratories	Pair Corr
0.85	DTI	Drilling Tools Inter	Pair Corr
0.67	NOA	North American Const	Pair Corr
0.85	HLX	Helix Energy Solutions	Pair Corr
0.77	NOA	North American Const Earnings Call This Week	Pair Corr
0.83	TTI	Tetra Technologies	Pair Corr
0.81	XY81	BW OFFSHORE LTD	Pair Corr
0.64	9TG	Gaztransport Technigaz	Pair Corr
0.66	PUMP	ProPetro Holding Corp Earnings Call This Week	Pair Corr
0.8	ACDC	ProFrac Holding Corp	Pair Corr
0.64	ISRMF	iShares MSCI	Pair Corr
0.85	KNTK	Kinetik Holdings	Pair Corr
0.9	GOOD	Gladstone Commercial Earnings Call This Week	Pair Corr
0.89	TFLM	TFLM	Pair Corr
0.76	OBYCF	Obayashi	Pair Corr
0.86	ENS	Enersys Earnings Call Today	Pair Corr
0.88	APETF	Alpha Esports Tech	Pair Corr
0.85	SECVY	Seche Environnement	Pair Corr
0.61	FIBK	First Interstate Ban	Pair Corr
0.82	YLLXF	Yellow Cake plc	Pair Corr

Moving against Bristow Stock

0.66	MMSI	Merit Medical Systems	Pair Corr
0.37	SRJ	SRJ Technologies	Pair Corr
0.56	IVVD	Invivyd Buyout Trend	Pair Corr
0.55	BROGF	BROGF	Pair Corr
0.42	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	NESR	RES	INVX	VET	NVGS	MRC	FLOC	LPG	PUMP	TTI
NESR		0.72	0.9	0.67	0.74	-0.4	0.94	0.79	0.53	0.96	NESR
RES	0.72		0.72	0.37	0.64	-0.32	0.66	0.5	0.56	0.77	RES
INVX	0.9	0.72		0.7	0.79	-0.24	0.81	0.6	0.51	0.85	INVX
VET	0.67	0.37	0.7		0.64	-0.3	0.59	0.6	0.67	0.54	VET
NVGS	0.74	0.64	0.79	0.64		-0.26	0.58	0.67	0.44	0.64	NVGS
MRC	-0.4	-0.32	-0.24	-0.3	-0.26		-0.38	-0.54	-0.4	-0.43	MRC
FLOC	0.94	0.66	0.81	0.59	0.58	-0.38		0.79	0.61	0.94	FLOC
LPG	0.79	0.5	0.6	0.6	0.67	-0.54	0.79		0.61	0.72	LPG
PUMP	0.53	0.56	0.51	0.67	0.44	-0.4	0.61	0.61		0.5	PUMP
TTI	0.96	0.77	0.85	0.54	0.64	-0.43	0.94	0.72	0.5		TTI
	NESR	RES	INVX	VET	NVGS	MRC	FLOC	LPG	PUMP	TTI

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

TTI	+ 0.96	NESR
FLOC	+ 0.94	NESR
TTI	+ 0.94	FLOC
INVX	+ 0.9	NESR
TTI	+ 0.85	INVX
FLOC	+ 0.81	INVX

High negative correlations

LPG	- 0.54	MRC
TTI	- 0.43	MRC
PUMP	- 0.4	MRC
MRC	- 0.4	NESR
FLOC	- 0.38	MRC
MRC	- 0.32	RES

Risk-Adjusted Indicators

There is a big difference between Bristow Stock performing well and Bristow 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 Bristow'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
NESR	1.84	0.72	0.39	0.92	1.19	(2.16)	6.38	(2.49)	11.47
RES	2.03	(0.02)	0.01	0.07	3.56	(2.14)	5.18	(3.21)	23.88
INVX	1.95	0.34	0.16	0.60	1.60	(2.31)	4.96	(3.41)	12.82
VET	2.35	0.55	0.19	2.20	2.15	(2.72)	6.26	(4.03)	13.03
NVGS	1.05	0.14	0.06	0.89	1.03	(1.31)	2.82	(2.30)	8.39
MRC	1.56	(0.07)	0.00	(0.19)	0.00	0.00	3.27	(4.18)	11.50
FLOC	1.98	0.17	0.09	0.19	2.34	(2.17)	4.38	(3.32)	10.92
LPG	1.62	0.14	0.05	0.35	1.91	(1.81)	3.68	(2.50)	9.02
PUMP	2.36	(0.03)	0.00	0.06	3.15	(2.52)	6.75	(5.49)	15.66
TTI	2.75	0.64	0.21	0.54	2.73	(3.17)	5.99	(4.75)	16.56

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