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% | -2.42% | ||
| SNPS - CDNS | 84% Closely correlated | -1.55% | ||
| S - CDNS | 59% Loosely correlated | +2.93% | ||
| MSFT - CDNS | 58% Loosely correlated | -1.61% | ||
| ORCL - CDNS | 58% Loosely correlated | -2.75% | ||
| CRWD - CDNS | 57% Loosely correlated | -0.58% | ||
More | ||||
| Ticker / NAME | Correlation To CDNS | 1D Price Change % |
|---|---|---|
| CDNS | 100% | -2.42% |
| CDNS (2 stocks) | 86% Closely correlated | -7.81% |
| Packaged Software (408 stocks) | 65% Loosely correlated | -2.55% |