Backblaze Stock Market Value
| BLZE Stock | USD 5.18 0.20 4.02% |
| Symbol | Backblaze |
Backblaze Price To Book Ratio
Is Application Software space 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 Backblaze. If investors know Backblaze 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 Backblaze listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.11) | Revenue Per Share | Quarterly Revenue Growth 0.176 | Return On Assets | Return On Equity |
The market value of Backblaze is measured differently than its book value, which is the value of Backblaze that is recorded on the company's balance sheet. Investors also form their own opinion of Backblaze's value that differs from its market value or its book value, called intrinsic value, which is Backblaze'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 Backblaze's market value can be influenced by many factors that don't directly affect Backblaze'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 Backblaze's value and its price as these two are different measures arrived at by different means. Investors typically determine if Backblaze is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Backblaze'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.
Backblaze 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Backblaze's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Backblaze.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Backblaze on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Backblaze or generate 0.0% return on investment in Backblaze over 90 days. Backblaze is related to or competes with ACI Worldwide, Remitly Global, EverCommerce, Global Blue, Lesaka Technologies, Priority Technology, and CSG Systems. Backblaze, Inc., a storage cloud platform, provides businesses and consumers cloud services to store, use, and protect d... More
Backblaze Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Backblaze's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Backblaze upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 21.07 | |||
| Value At Risk | (7.95) | |||
| Potential Upside | 5.53 |
Backblaze Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Backblaze's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Backblaze's standard deviation. In reality, there are many statistical measures that can use Backblaze historical prices to predict the future Backblaze's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | 0.0935 | |||
| Treynor Ratio | (0.36) |
Backblaze Backtested Returns
Backblaze secures Sharpe Ratio (or Efficiency) of -0.0998, which signifies that the company had a -0.0998 % return per unit of standard deviation over the last 3 months. Backblaze exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Backblaze's mean deviation of 2.71, and Risk Adjusted Performance of (0.08) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.02, which signifies a somewhat significant risk relative to the market. Backblaze returns are very sensitive to returns on the market. As the market goes up or down, Backblaze is expected to follow. At this point, Backblaze has a negative expected return of -0.38%. Please make sure to confirm Backblaze's standard deviation, kurtosis, period momentum indicator, as well as the relationship between the maximum drawdown and day median price , to decide if Backblaze performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Backblaze has insignificant reverse predictability. Overlapping area represents the amount of predictability between Backblaze time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Backblaze price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Backblaze price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
Backblaze lagged returns against current returns
Autocorrelation, which is Backblaze stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Backblaze's stock expected returns. We can calculate the autocorrelation of Backblaze returns to help us make a trade decision. For example, suppose you find that Backblaze has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Backblaze regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Backblaze stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Backblaze stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Backblaze stock over time.
Current vs Lagged Prices |
| Timeline |
Backblaze Lagged Returns
When evaluating Backblaze's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Backblaze stock have on its future price. Backblaze autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Backblaze autocorrelation shows the relationship between Backblaze stock current value and its past values and can show if there is a momentum factor associated with investing in Backblaze.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Backblaze is a strong investment it is important to analyze Backblaze's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Backblaze's future performance. For an informed investment choice regarding Backblaze Stock, refer to the following important reports:Check out Backblaze Correlation, Backblaze Volatility and Backblaze Alpha and Beta module to complement your research on Backblaze. For information on how to trade Backblaze Stock refer to our How to Trade Backblaze Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Backblaze technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.