BLZE vs. APLD
Compare and contrast key facts about Backblaze, Inc. (BLZE) and Applied Digital Corporation (APLD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BLZE or APLD.
Correlation
The correlation between BLZE and APLD is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BLZE vs. APLD - Performance Comparison
Key characteristics
BLZE:
-0.61
APLD:
0.93
BLZE:
-0.62
APLD:
2.20
BLZE:
0.92
APLD:
1.25
BLZE:
-0.46
APLD:
1.28
BLZE:
-0.95
APLD:
5.28
BLZE:
40.52%
APLD:
23.68%
BLZE:
63.25%
APLD:
134.82%
BLZE:
-87.97%
APLD:
-99.99%
BLZE:
-77.11%
APLD:
-90.07%
Fundamentals
BLZE:
$371.95M
APLD:
$2.37B
BLZE:
-$1.12
APLD:
-$1.90
BLZE:
$93.84M
APLD:
$211.62M
BLZE:
$50.84M
APLD:
$4.85M
BLZE:
-$10.25M
APLD:
-$88.85M
Returns By Period
In the year-to-date period, BLZE achieves a 19.77% return, which is significantly lower than APLD's 39.40% return.
BLZE
19.77%
13.54%
9.41%
-30.14%
N/A
N/A
APLD
39.40%
10.48%
134.07%
145.96%
249.15%
150.20%
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Risk-Adjusted Performance
BLZE vs. APLD — Risk-Adjusted Performance Rank
BLZE
APLD
BLZE vs. APLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Backblaze, Inc. (BLZE) and Applied Digital Corporation (APLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BLZE vs. APLD - Dividend Comparison
Neither BLZE nor APLD has paid dividends to shareholders.
Drawdowns
BLZE vs. APLD - Drawdown Comparison
The maximum BLZE drawdown since its inception was -87.97%, smaller than the maximum APLD drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for BLZE and APLD. For additional features, visit the drawdowns tool.
Volatility
BLZE vs. APLD - Volatility Comparison
The current volatility for Backblaze, Inc. (BLZE) is 16.32%, while Applied Digital Corporation (APLD) has a volatility of 41.08%. This indicates that BLZE experiences smaller price fluctuations and is considered to be less risky than APLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
BLZE vs. APLD - Financials Comparison
This section allows you to compare key financial metrics between Backblaze, Inc. and Applied Digital Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities