BAER vs IDAI: Correlation
Measured on weekly returns over the past three years, Bridger Aerospace Group Holdings, Inc. (BAER) and T Stamp Inc. (IDAI) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAER and IDAI?
Across a 3-year window, the weekly returns of BAER and IDAI correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.34 over 3 years. Stretching to 5 years gives 0.28, with an annualized covariance of 16904.8 %².
By 3-year correlation, IDAI places #4 of the 11 assets tracked against BAER. Their recent paths diverged sharply: over the last 12 months IDAI outperformed by 59.1 percentage points (-43.6% for BAER against +15.5% for IDAI). Risk is not evenly split, since IDAI carries 5.2 times the volatility of the other side.
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 IDAI: side by side
| BAER (Bridger Aerospace Group Holdings, Inc.) | IDAI (T Stamp Inc.) | |
|---|---|---|
| 1-year return | -43.6% | +15.5% |
| 5-year return | -88.1% | -76.5% |
| Volatility (ann.) | 97.4% | 505.7% |
| Beta vs S&P 500 | 1.71 | -1.01 |
| Max drawdown (3Y) | -87.8% | -92.9% |
| 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 | IDAI |
|---|---|---|
| 2022 | +3.8% | -88.0% |
| 2023 | -31.8% | -43.0% |
| 2024 | -69.2% | -35.5% |
| 2025 | -14.1% | +342.8% |
| 2026 | -37.2% | -14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAER and IDAI good diversifiers for each other?
Reasonably. At 0.34, BAER and IDAI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BAER and IDAI?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.13 over the last year and 0.28 over 5 years.
Is IDAI a good diversifier for BAER?
Reasonably. At 0.34, BAER and IDAI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BAER correlations · IDAI correlations
