CDNS Cadence Design Systems, Inc. Common Stock

Last close: 319.92
504-day return: +13.41%
Median $/day: $596.4M
Relationships shown: 15

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

CDNS vs SNPS

Both indexed to 100 at 2026-05-11.

CDNS SNPS · range 71–114 · 2026-05-11 → 2026-11-06

Moves with CDNS

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

SNPS Synopsys, Inc. Common Stock

ρ +0.79beyond mkt +0.62holdout +0.83stable 100%robust

IGV iShares Expanded Tech-Software Sector ETF

ρ +0.64beyond mkt +0.26holdout +0.52stable 100%robust

XITK State Street SPDR FactSet Innovative Technology ETF

ρ +0.68beyond mkt +0.21holdout +0.65stable 100%robust

QQEW First Trust Nasdaq-100 Select Equal Weight ETF

ρ +0.68beyond mkt +0.20holdout +0.65stable 100%robust

SVCO Silvaco Group, Inc. Common Stock

ρ +0.46beyond mkt +0.19holdout +0.47stable 100%robust

FXL First Trust Technology AlphaDEX Fund

ρ +0.68beyond mkt +0.18holdout +0.62stable 100%robust

Moves against CDNS

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.47beyond mkt +0.06holdout -0.32stable 100%robust

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.52beyond mkt +0.03holdout -0.47stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.43beyond mkt +0.03holdout -0.23stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.44beyond mkt +0.02holdout -0.38stable 100%robust

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

EVLV Evolv Technologies Holdings, Inc. Class A Common Stock

horizon 5dρ +0.37holdout +0.38stable 62%moderate

CNDT Conduent Incorporated Common Stock

horizon 5dρ +0.36holdout +0.36stable 75%robust

UAVS AgEagle Aerial Systems, Inc.

horizon 5dρ +0.36holdout +0.44stable 62%moderate

QNST QuinStreet, Inc. Common Stock

horizon 5dρ +0.31holdout +0.04stable 88%moderate

LAZR Tema Photonics & Optical ETF

horizon 5dρ +0.31holdout +0.28stable 75%robust

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

CHWY Chewy, Inc.

Δ -0.70recent -0.40prior +0.30beyond mkt +0.03

EVER EverQuote, Inc. Class A Common Stock

Δ -0.69recent -0.39prior +0.30beyond mkt +0.02

QNST QuinStreet, Inc. Common Stock

Δ -0.68recent -0.32prior +0.36beyond mkt +0.03

VFLO Victory Portfolios II VictoryShares Free Cash Flow ETF

Δ -0.66recent -0.19prior +0.48beyond mkt -0.01

EQIN Columbia U.S. Equity Income ETF

Δ -0.64recent -0.34prior +0.31beyond mkt -0.07

DIVB iShares Core Dividend ETF

Δ -0.63recent -0.27prior +0.36beyond mkt -0.06

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
SNPS Synopsys, Inc. Common Stock	+0.62	+0.79	12