Which stocks are most correlated with BLKB?

Based on one year of daily returns, the stocks most correlated with Blackbaud, Inc. (BLKB) are MANH (0.66), QTWO (0.61) and BOX (0.61). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with BLKB?

Over the past year, the stocks most inversely correlated with Blackbaud, Inc. (BLKB) are HDGE (-0.52), DWSH (-0.47) and WEBS (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.

Blackbaud, Inc. (BLKB) — Stock Correlations & Overview

Over the past year, BLKB has moved most closely with MANH, QTWO, BOX. Explore the stocks most correlated and inversely correlated with BLKB below, along with its price, financials, and company profile.

Stocks correlated with BLKB

Correlation of daily returns. Higher positive values move with BLKB; negative values move opposite it. Informational only, not investment advice.

Most correlated with BLKB

Symbol	Company	Correlation
MANH	Manhattan Associates IncSERVICES-PREPACKAGED SOFTWARE	0.66
QTWO	Q2 Holdings IncSERVICES-PREPACKAGED SOFTWARE	0.61
BOX	BOX, INC.SERVICES-PREPACKAGED SOFTWARE	0.61
BL	BlackLine, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE	0.60
CTSH	Cognizant Technology SolutionsSERVICES-COMPUTER PROGRAMMING SERVICES	0.60

Most inversely correlated with BLKB

Symbol	Company	Correlation
HDGE	AdvisorShares Ranger Equity Bear ETF	-0.52
DWSH	AdvisorShares Dorsey Wright Short ETF	-0.47
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.40
LSEQ	Harbor Long-Short Equity ETF	-0.36
MSFD	Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF	-0.36

Frequently asked questions about BLKB correlations

Which stocks are most correlated with BLKB?: Based on one year of daily returns, the stocks most correlated with Blackbaud, Inc. (BLKB) are MANH (0.66), QTWO (0.61) and BOX (0.61). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with BLKB?: Over the past year, the stocks most inversely correlated with Blackbaud, Inc. (BLKB) are HDGE (-0.52), DWSH (-0.47) and WEBS (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these BLKB correlations calculated?: We compute the correlation of daily returns between BLKB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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