Correlation Between Blaize Holdings and CEVA

Can any of the company-specific risk be diversified away by investing in both Blaize Holdings and CEVA at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Blaize Holdings and CEVA into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Blaize Holdings and CEVA Inc, you can compare the effects of market volatilities on Blaize Holdings and CEVA and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Blaize Holdings with a short position of CEVA. Check out your portfolio center. Please also check ongoing floating volatility patterns of Blaize Holdings and CEVA.

Diversification Opportunities for Blaize Holdings and CEVA

0.89

Correlation Coefficient

Blaize Holdings  CEVA

Very poor diversification

The 3 months correlation between Blaize and CEVA is 0.89. Overlapping area represents the amount of risk that can be diversified away by holding Blaize Holdings and CEVA Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CEVA Inc and Blaize Holdings is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Blaize Holdings are associated (or correlated) with CEVA. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CEVA Inc has no effect on the direction of Blaize Holdings i.e., Blaize Holdings and CEVA go up and down completely randomly.

Pair Corralation between Blaize Holdings and CEVA

Given the investment horizon of 90 days Blaize Holdings is expected to under-perform the CEVA. In addition to that, Blaize Holdings is 1.39 times more volatile than CEVA Inc. It trades about -0.19 of its total potential returns per unit of risk. CEVA Inc is currently generating about -0.04 per unit of volatility. If you would invest  2,300  in CEVA Inc on October 6, 2025 and sell it today you would lose (58.00) from holding CEVA Inc or give up 2.52% of portfolio value over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Strong
Accuracy	100.0%
Values	Daily Returns

Blaize Holdings  vs.  CEVA Inc

Blaize Holdings

Risk-Adjusted Performance

Weakest

Over the last 90 days Blaize Holdings has generated negative risk-adjusted returns adding no value to investors with long positions. Despite inconsistent performance in the last few months, the Stock's basic indicators remain fairly strong which may send shares a bit higher in February 2026. The recent confusion may also be a sign of long-lasting up-swing for the firm traders.

CEVA Inc

Risk-Adjusted Performance

Weakest

Over the last 90 days CEVA Inc has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain somewhat strong which may send shares a bit higher in February 2026. The current disturbance may also be a sign of long term up-swing for the company investors.

Pair Trading with Blaize Holdings and CEVA

The main advantage of trading using opposite Blaize Holdings and CEVA positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Blaize Holdings position performs unexpectedly, CEVA can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CEVA will offset losses from the drop in CEVA's long position.

The idea behind Blaize Holdings and CEVA Inc pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.