Which stocks are most correlated with BLZE?

Based on one year of daily returns, the stocks most correlated with Backblaze, Inc. Class A Common Stock (BLZE) are PRCH (0.50), SKYU (0.42) and SKYY (0.42). 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 BLZE?

Over the past year, the stocks most inversely correlated with Backblaze, Inc. Class A Common Stock (BLZE) are EMBC (-0.36), AIBD (-0.35) and TECS (-0.34). A negative correlation means the two stocks have tended to move in opposite directions.

Backblaze, Inc. Class A Common Stock (BLZE) — Stock Correlations & Overview

Over the past year, BLZE has moved most closely with PRCH, SKYU, SKYY. Explore the stocks most correlated and inversely correlated with BLZE below, along with its price, financials, and company profile.

Stocks correlated with BLZE

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

Most correlated with BLZE

Symbol	Company	Correlation
PRCH	Porch Group, Inc. Common StockSERVICES-PREPACKAGED SOFTWARE	0.50
SKYU	ProShares Ultra Nasdaq Cloud Computing ETF	0.42
SKYY	First Trust Cloud Computing ETF	0.42
XDAT	Franklin Exponential Data ETF	0.42
SLQT	SelectQuote, Inc.INSURANCE AGENTS, BROKERS & SERVICE	0.41

Most inversely correlated with BLZE

Symbol	Company	Correlation
EMBC	Embecta Corp. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	-0.36
AIBD	Direxion Daily AI and Big Data Bear 2X ETF	-0.35
TECS	Direxion Daily Technology Bear 3x ETF	-0.34
REW	Proshares UltraShort Technology	-0.34
WEBS	Direxion Daily Dow Jones Internet Bear 3X ETF	-0.33

Frequently asked questions about BLZE correlations

Which stocks are most correlated with BLZE?: Based on one year of daily returns, the stocks most correlated with Backblaze, Inc. Class A Common Stock (BLZE) are PRCH (0.50), SKYU (0.42) and SKYY (0.42). 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 BLZE?: Over the past year, the stocks most inversely correlated with Backblaze, Inc. Class A Common Stock (BLZE) are EMBC (-0.36), AIBD (-0.35) and TECS (-0.34). 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 BLZE correlations calculated?: We compute the correlation of daily returns between BLZE 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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