A.I.dvisor indicates that over the last year, CDNS has been closely correlated with SNPS. These tickers have moved in lockstep 87% 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% | -4.70% | ||
SNPS - CDNS | 87% Closely correlated | -7.38% | ||
PDFS - CDNS | 63% Loosely correlated | -7.39% | ||
ADSK - CDNS | 60% Loosely correlated | -0.22% | ||
ANSS - CDNS | 54% Loosely correlated | -3.86% | ||
DSGX - CDNS | 54% Loosely correlated | -1.24% | ||
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Ticker / NAME | Correlation To CDNS | 1D Price Change % |
---|---|---|
CDNS | 100% | -4.70% |
CDNS (2 stocks) | 94% Closely correlated | -0.20% |
design (8 stocks) | 89% Closely correlated | +0.99% |
software (99 stocks) | 75% Closely correlated | +0.43% |
instrumentation (77 stocks) | 72% Closely correlated | +0.15% |
electronic components (24 stocks) | 71% Closely correlated | +0.29% |
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