Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) Correlation Distribution
Across 6,261 rolling correlation observations between Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) and other NASDAQ-listed stocks, 48.5% are positive and 51.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.022, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.1% and strong negative correlations (≤−0.7) for 7.9%.
- Total observations
- 6,261
- Mean correlation
- -0.022
- Most common range
- -0.7 to -0.6
- Positive pairs
- 48.5%
- Strong positive (≥0.7)
- 6.1%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 247 | 3.9% | |
| -0.8 to -0.7 | 247 | 3.9% | |
| -0.7 to -0.6 | 574 | 9.2% | |
| -0.6 to -0.5 | 574 | 9.2% | |
| -0.5 to -0.4 | 353 | 5.6% | |
| -0.4 to -0.3 | 353 | 5.6% | |
| -0.3 to -0.2 | 294 | 4.7% | |
| -0.2 to -0.1 | 294 | 4.7% | |
| -0.1 to 0.0 | 287 | 4.6% | |
| 0.0 to 0.1 | 286 | 4.6% | |
| 0.1 to 0.2 | 271 | 4.3% | |
| 0.2 to 0.3 | 271 | 4.3% | |
| 0.3 to 0.4 | 403 | 6.4% | |
| 0.4 to 0.5 | 402 | 6.4% | |
| 0.5 to 0.6 | 510 | 8.1% | |
| 0.6 to 0.7 | 510 | 8.1% | |
| 0.7 to 0.8 | 191 | 3.1% | |
| 0.8 to 0.9 | 191 | 3.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of BAER?
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) has an average correlation of about -0.022 with other NASDAQ stocks, based on 6,261 pairwise observations.
Is BAER positively correlated with other stocks?
Not predominantly — 48.5% of pairs are positive and 51.5% are negative. Strong positive correlations (≥0.7) make up 6.1%.
What is the most common correlation range for BAER?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 27.2% of all pairs.
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