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% | +2.05% | ||
| SNPS - CDNS | 84% Closely correlated | +0.39% | ||
| CVLT - CDNS | 61% Loosely correlated | -1.19% | ||
| S - CDNS | 59% Loosely correlated | +0.46% | ||
| MSFT - CDNS | 58% Loosely correlated | +0.00% | ||
| ORCL - CDNS | 58% Loosely correlated | +2.72% | ||
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| Ticker / NAME | Correlation To CDNS | 1D Price Change % |
|---|---|---|
| CDNS | 100% | +2.05% |
| CDNS (2 stocks) | 83% Closely correlated | +3.02% |
| Packaged Software (392 stocks) | 63% Loosely correlated | +0.74% |