A.I.dvisor indicates that over the last year, SNPS has been closely correlated with CDNS. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if SNPS jumps, then CDNS could also see price increases.
Ticker / NAME | Correlation To SNPS | 1D Price Change % | ||
---|---|---|---|---|
SNPS | 100% | +1.70% | ||
CDNS - SNPS | 86% Closely correlated | -0.61% | ||
ANSS - SNPS | 78% Closely correlated | +0.39% | ||
PDFS - SNPS | 66% Closely correlated | +0.99% | ||
ADSK - SNPS | 52% Loosely correlated | -0.30% | ||
DDOG - SNPS | 52% Loosely correlated | -2.95% | ||
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