Bridger Free Cash Flow Yield vs Change In Cash Analysis
| BAER Stock | 2.71 0.01 0.37% |
Bridger Aerospace financial indicator trend analysis is way more than just evaluating Bridger Aerospace prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bridger Aerospace is a good investment. Please check the relationship between Bridger Aerospace Free Cash Flow Yield and its Change In Cash accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bridger Aerospace 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 income.
Free Cash Flow Yield vs Change In Cash
Free Cash Flow Yield vs Change In Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bridger Aerospace Free Cash Flow Yield account and Change In Cash. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Bridger Aerospace's Free Cash Flow Yield and Change In Cash is 0.93. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Bridger Aerospace Group, assuming nothing else is changed. The correlation between historical values of Bridger Aerospace's Free Cash Flow Yield and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Bridger Aerospace Group are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Free Cash Flow Yield i.e., Bridger Aerospace's Free Cash Flow Yield and Change In Cash go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Change In Cash
Most indicators from Bridger Aerospace's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bridger Aerospace current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bridger Aerospace 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 income. At this time, Bridger Aerospace's Selling General Administrative is relatively stable compared to the past year. As of 11/26/2024, Sales General And Administrative To Revenue is likely to grow to 1.30, though Tax Provision is likely to grow to (286.9 K).
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 9.3M | 20.0M | 23.2M | 14.9M | Depreciation And Amortization | 6.7M | 9.1M | 11M | 8.1M |
Bridger Aerospace fundamental ratios Correlations
Click cells to compare fundamentals
Bridger Aerospace Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 against Bridger Stock
| 0.63 | KO | Coca Cola Aggressive Push | PairCorr |
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| 0.55 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.54 | PG | Procter Gamble | PairCorr |
| 0.54 | VZ | Verizon Communications Aggressive Push | 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.