a developer of integrated circuits and electronic devices and provides software services
Industry PackagedSoftware
A.I.dvisor indicates that over the last year, CDNS has been closely correlated with SNPS. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if CDNS jumps, then SNPS could also see price increases.
Ticker / NAME | Correlation To CDNS | 1D Price Change % | ||
---|---|---|---|---|
CDNS | 100% | +2.92% | ||
SNPS - CDNS | 86% Closely correlated | +0.81% | ||
PDFS - CDNS | 61% Loosely correlated | -2.92% | ||
ADSK - CDNS | 55% Loosely correlated | +1.10% | ||
PTC - CDNS | 54% Loosely correlated | +0.28% | ||
ANSS - CDNS | 54% Loosely correlated | -0.11% | ||
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Ticker / NAME | Correlation To CDNS | 1D Price Change % |
---|---|---|
CDNS | 100% | +2.92% |
CDNS (2 stocks) | 94% Closely correlated | -1.44% |
design (8 stocks) | 87% Closely correlated | -3.76% |
software (96 stocks) | 72% Closely correlated | -0.75% |
electronic components (24 stocks) | 66% Loosely correlated | -0.53% |
integrated (20 stocks) | 66% Loosely correlated | -0.64% |
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