BAER vs CMCT: Correlation
Measured on weekly returns over the past three years, Bridger Aerospace Group Holdings, Inc. (BAER) and Creative Media (CMCT) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAER and CMCT?
Across a 3-year window, the weekly returns of BAER and CMCT correlate at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.15 versus 0.35 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 10544.5 %².
Few assets follow BAER as closely as CMCT, which ranks #2 of 11 tracked partners. The last year tells two different stories: BAER led by 55.8 percentage points, -43.6% for BAER against -99.4% for CMCT. One caveat on sizing: CMCT is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BAER vs CMCT: side by side
| BAER (Bridger Aerospace Group Holdings, Inc.) | CMCT (Creative Media) | |
|---|---|---|
| 1-year return | -43.6% | -99.4% |
| 5-year return | -88.1% | -100.0% |
| Volatility (ann.) | 97.4% | 305.8% |
| Beta vs S&P 500 | 1.71 | 1.22 |
| Max drawdown (3Y) | -87.8% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAER | CMCT |
|---|---|---|
| 2022 | +3.8% | -29.7% |
| 2023 | -31.8% | -18.2% |
| 2024 | -69.2% | -93.3% |
| 2025 | -14.1% | -35.5% |
| 2026 | -37.2% | -98.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAER and CMCT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BAER and CMCT?
The BAER/CMCT correlation stands at 0.35 on a 3-year window (1 year: 0.15, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is CMCT a good diversifier for BAER?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/baer-vs-cmct.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/baer-vs-cmct/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BAER correlations · CMCT correlations
