A.I.dvisor indicates that over the last year, CDNS has been closely correlated with SNPS. These tickers have moved in lockstep 88% 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% | +1.78% | ||
SNPS - CDNS | 88% Closely correlated | +0.47% | ||
ANSS - CDNS | 75% Closely correlated | -0.10% | ||
PDFS - CDNS | 57% Loosely correlated | -4.18% | ||
ADSK - CDNS | 57% Loosely correlated | -2.33% | ||
DSGX - CDNS | 52% Loosely correlated | -1.43% | ||
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