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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