A.I.dvisor indicates that over the last year, CDNS has been closely correlated with SNPS. These tickers have moved in lockstep 89% 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% | +0.46% | ||
SNPS - CDNS | 89% Closely correlated | +1.40% | ||
ANSS - CDNS | 79% Closely correlated | +1.10% | ||
ORCL - CDNS | 61% Loosely correlated | -1.21% | ||
ADSK - CDNS | 60% Loosely correlated | +0.07% | ||
PDFS - CDNS | 60% Loosely correlated | -1.35% | ||
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