Correlation Between 3D Systems and Blaize Holdings

Can any of the company-specific risk be diversified away by investing in both 3D Systems and Blaize Holdings 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 3D Systems and Blaize Holdings into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between 3D Systems and Blaize Holdings, you can compare the effects of market volatilities on 3D Systems and Blaize Holdings 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 3D Systems with a short position of Blaize Holdings. Check out your portfolio center. Please also check ongoing floating volatility patterns of 3D Systems and Blaize Holdings.

Diversification Opportunities for 3D Systems and Blaize Holdings

0.95

Correlation Coefficient

3D Systems  Blaize Holdings

Almost no diversification

The 3 months correlation between DDD and Blaize is 0.95. Overlapping area represents the amount of risk that can be diversified away by holding 3D Systems and Blaize Holdings in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Blaize Holdings and 3D Systems 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 3D Systems are associated (or correlated) with Blaize Holdings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Blaize Holdings has no effect on the direction of 3D Systems i.e., 3D Systems and Blaize Holdings go up and down completely randomly.

Pair Corralation between 3D Systems and Blaize Holdings

Considering the 90-day investment horizon 3D Systems is expected to generate 0.9 times more return on investment than Blaize Holdings. However, 3D Systems is 1.11 times less risky than Blaize Holdings. It trades about -0.1 of its potential returns per unit of risk. Blaize Holdings is currently generating about -0.18 per unit of risk. If you would invest  314.00  in 3D Systems on October 7, 2025 and sell it today you would lose (115.00) from holding 3D Systems or give up 36.62% of portfolio value over 90 days.

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

3D Systems  vs.  Blaize Holdings

3D Systems

Risk-Adjusted Performance

Weakest

Over the last 90 days 3D Systems has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unfluctuating performance in the last few months, the Stock's fundamental indicators remain rather sound which may send shares a bit higher in February 2026. The latest tumult may also be a sign of longer-term up-swing for the firm shareholders.

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.

Pair Trading with 3D Systems and Blaize Holdings

The main advantage of trading using opposite 3D Systems and Blaize Holdings positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if 3D Systems position performs unexpectedly, Blaize Holdings 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 Blaize Holdings will offset losses from the drop in Blaize Holdings' long position.

The idea behind 3D Systems and Blaize Holdings 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.