A.I.dvisor indicates that over the last year, CDNS has been closely correlated with SNPS. These tickers have moved in lockstep 86% 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% | -6.05% | ||
SNPS - CDNS | 86% Closely correlated | -4.74% | ||
ANSS - CDNS | 73% Closely correlated | -3.26% | ||
PDFS - CDNS | 57% Loosely correlated | -8.77% | ||
CVLT - CDNS | 53% Loosely correlated | -8.11% | ||
ORCL - CDNS | 51% Loosely correlated | -5.92% | ||
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