Backblaze, Inc. Class A Common Stock (BLZE) Correlation Distribution
Across 6,795 rolling correlation observations between Backblaze, Inc. Class A Common Stock (BLZE) and other NASDAQ-listed stocks, 73.1% are positive and 26.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.305, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 20.2% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,795
- Mean correlation
- 0.305
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.1%
- Strong positive (≥0.7)
- 20.2%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 36 | 0.5% | |
| -0.6 to -0.5 | 36 | 0.5% | |
| -0.5 to -0.4 | 200 | 2.9% | |
| -0.4 to -0.3 | 200 | 2.9% | |
| -0.3 to -0.2 | 455 | 6.7% | |
| -0.2 to -0.1 | 455 | 6.7% | |
| -0.1 to 0.0 | 442 | 6.5% | |
| 0.0 to 0.1 | 442 | 6.5% | |
| 0.1 to 0.2 | 417 | 6.1% | |
| 0.2 to 0.3 | 416 | 6.1% | |
| 0.3 to 0.4 | 513 | 7.5% | |
| 0.4 to 0.5 | 512 | 7.5% | |
| 0.5 to 0.6 | 648 | 9.5% | |
| 0.6 to 0.7 | 648 | 9.5% | |
| 0.7 to 0.8 | 645 | 9.5% | |
| 0.8 to 0.9 | 644 | 9.5% | |
| 0.9 to 1.0 | 81 | 1.2% |
Frequently asked questions
What is the average correlation of BLZE?
Backblaze, Inc. Class A Common Stock (BLZE) has an average correlation of about 0.305 with other NASDAQ stocks, based on 6,795 pairwise observations.
Is BLZE positively correlated with other stocks?
Mostly yes — 73.1% of pairs are positive and 26.9% are negative. Strong positive correlations (≥0.7) make up 20.2%.
What is the most common correlation range for BLZE?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 38.7% of all pairs.
Explore the full interactive correlation distribution for BLZE.
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