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% | -0.93% | ||
| SNPS - CDNS | 84% Closely correlated | +0.81% | ||
| S - CDNS | 59% Loosely correlated | -0.81% | ||
| MSFT - CDNS | 58% Loosely correlated | +0.48% | ||
| ORCL - CDNS | 58% Loosely correlated | -3.88% | ||
| CRWD - CDNS | 57% Loosely correlated | -1.95% | ||
More | ||||
| Ticker / NAME | Correlation To CDNS | 1D Price Change % |
|---|---|---|
| CDNS | 100% | -0.93% |
| CDNS (2 stocks) | 83% Closely correlated | -0.53% |
| Packaged Software (391 stocks) | 63% Loosely correlated | -1.72% |