A.I.dvisor indicates that over the last year, CDNS has been closely correlated with SNPS. These tickers have moved in lockstep 84% 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% | +2.66% | ||
| SNPS - CDNS | 84% Closely correlated | +2.53% | ||
| S - CDNS | 59% Loosely correlated | +3.26% | ||
| MSFT - CDNS | 58% Loosely correlated | +0.68% | ||
| ORCL - CDNS | 58% Loosely correlated | +0.07% | ||
| CRWD - CDNS | 57% Loosely correlated | +2.60% | ||
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| Ticker / NAME | Correlation To CDNS | 1D Price Change % |
|---|---|---|
| CDNS | 100% | +2.66% |
| CDNS (2 stocks) | 83% Closely correlated | +4.79% |
| Packaged Software (390 stocks) | 62% Loosely correlated | +0.94% |