Badger Meter Correlations
| BMI Stock | USD 196.65 0.00 0.00% |
The correlation of Badger Meter 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 Badger Meter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Badger Meter 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.
Average diversification
The correlation between Badger Meter and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Badger Meter and NYA in the same portfolio, assuming nothing else is changed.
Badger |
The ability to find closely correlated positions to Badger Meter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Badger Meter 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 Badger Meter - 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 Badger Meter to buy it.
Moving together with Badger Stock
| 0.76 | ST | Sensata Technologies | PairCorr |
| 0.79 | WELX | Winland Holdings | PairCorr |
| 0.7 | ESE | ESCO Technologies Fiscal Year End 21st of November 2024 | PairCorr |
| 0.76 | GRMN | Garmin | PairCorr |
| 0.78 | ITRI | Itron Inc | PairCorr |
Moving against Badger Stock
| 0.88 | FTV | Fortive Corp Sell-off Trend | PairCorr |
| 0.72 | TDY | Teledyne Technologies Financial Report 24th of July 2024 | PairCorr |
| 0.69 | FARO | FARO Technologies | PairCorr |
| 0.67 | WATT | Energous | PairCorr |
| 0.66 | WRAP | Wrap Technologies Earnings Call Today | PairCorr |
| 0.65 | VPG | Vishay Precision | PairCorr |
| 0.61 | VNT | Vontier Corp Earnings Call Tomorrow | PairCorr |
| 0.56 | FCUV | Focus Universal | PairCorr |
| 0.48 | SVREW | SaverOne 2014 | PairCorr |
| 0.73 | SVRE | SaverOne 2014 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Badger Stock performing well and Badger Meter 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 Badger Meter'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ESE | 1.25 | (0.01) | 0.02 | 0.06 | 1.68 | 2.52 | 9.03 | |||
| MLAB | 1.82 | 0.37 | 0.09 | 3.33 | 2.77 | 4.26 | 18.59 | |||
| VPG | 1.29 | (0.24) | 0.00 | (0.10) | 0.00 | 2.41 | 9.58 | |||
| ST | 1.21 | 0.42 | 0.23 | (4.78) | 1.05 | 2.55 | 8.01 | |||
| SOTK | 2.05 | (0.16) | 0.00 | 0.89 | 0.00 | 3.95 | 12.88 | |||
| NOVT | 1.47 | 0.04 | (0.01) | 0.57 | 1.84 | 2.84 | 10.33 | |||
| FTV | 0.74 | (0.14) | 0.00 | (0.52) | 0.00 | 1.33 | 7.37 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Badger Meter without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Badger Meter Corporate Directors
Badger Meter corporate directors refer to members of a Badger Meter board of directors. The board of directors generally takes responsibility for the Badger Meter's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Badger Meter's board members must vote for the resolution. The Badger Meter board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Gail Lione | Independent Director | Profile | |
| Glen Tellock | Independent Director | Profile | |
| Henry Brooks | Independent Director | Profile | |
| Melanie Cook | Independent Director | Profile |
Already Invested in Badger Meter?
The danger of trading Badger Meter is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Badger Meter is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Badger Meter. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Badger Meter is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Badger Meter offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Badger Meter's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Badger Meter Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Badger Meter Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Badger Meter. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. For more detail on how to invest in Badger Stock please use our How to Invest in Badger Meter guide.You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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When running Badger Meter's price analysis, check to measure Badger Meter'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 Badger Meter is operating at the current time. Most of Badger Meter's value examination focuses on studying past and present price action to predict the probability of Badger Meter's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Badger Meter's price. Additionally, you may evaluate how the addition of Badger Meter to your portfolios can decrease your overall portfolio volatility.
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Is Badger Meter's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Badger Meter. If investors know Badger will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Badger Meter listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.5 | Dividend Share 1.03 | Earnings Share 3.47 | Revenue Per Share 25.282 | Quarterly Revenue Growth 0.234 |
The market value of Badger Meter is measured differently than its book value, which is the value of Badger that is recorded on the company's balance sheet. Investors also form their own opinion of Badger Meter's value that differs from its market value or its book value, called intrinsic value, which is Badger Meter's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Badger Meter's market value can be influenced by many factors that don't directly affect Badger Meter's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Badger Meter's value and its price as these two are different measures arrived at by different means. Investors typically determine if Badger Meter is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Badger Meter's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.