Cadence Design Systems Stock Price on November 4, 2024
| CDNS Stock | USD 306.81 2.13 0.70% |
Below is the normalized historical share price chart for Cadence Design Systems extending back to June 15, 1987. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cadence Design stands at 306.81, as last reported on the 30th of November, with the highest price reaching 310.29 and the lowest price hitting 304.29 during the day.
If you're considering investing in Cadence Stock, it is important to understand the factors that can impact its price. Cadence Design appears to be very steady, given 3 months investment horizon. Cadence Design Systems secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Cadence Design Systems, which you can use to evaluate the volatility of the firm. Please makes use of Cadence Design's mean deviation of 1.73, and Risk Adjusted Performance of 0.0875 to double-check if our risk estimates are consistent with your expectations.
At this time, Cadence Design's Total Stockholder Equity is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 6 B in 2024, despite the fact that Other Stockholder Equity is likely to grow to (4.4 B). . At this time, Cadence Design's Price Fair Value is comparatively stable compared to the past year. Cadence Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 10th of June 1987 | 200 Day MA 288.5858 | 50 Day MA 280.7724 | Beta 1.02 |
Cadence |
Sharpe Ratio = 0.1276
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Estimated Market Risk
| 2.47 actual daily | 21 79% of assets are more volatile |
Expected Return
| 0.32 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Cadence Design is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cadence Design by adding it to a well-diversified portfolio.
Price Book 18.3117 | Enterprise Value Ebitda 53.6215 | Price Sales 19.3267 | Shares Float 271.7 M | Wall Street Target Price 312.1155 |
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Cadence Design Valuation on November 4, 2024
It is possible to determine the worth of Cadence Design on a given historical date. On November 4, 2024 Cadence was worth 284.52 at the beginning of the trading date compared to the closed value of 289.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cadence Design stock. Still, in general, we apply an absolute valuation method to find Cadence Design's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cadence Design where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cadence Design's related companies.
| Open | High | Low | Close | Volume | |
| 275.50 | 283.00 | 275.42 | 282.09 | 1,772,730 | |
11/04/2024 | 284.52 | 291.95 | 282.60 | 289.34 | 2,496,664 |
| 289.50 | 294.78 | 289.50 | 291.21 | 1,964,264 |
| Backtest Cadence Design | | | Cadence Design History | | | Cadence Design Valuation | Previous | Next |
Cadence Design Trading Date Momentum on November 4, 2024
| On November 05 2024 Cadence Design Systems was traded for 291.21 at the closing time. The top price for the day was 294.78 and the lowest listed price was 289.50 . The trading volume for the day was 2 M. The trading history from November 5, 2024 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 0.65% . The overall trading delta against the current closing price is 5.23% . |
Cadence Design Systems Fundamentals Correlations and Trends
By evaluating Cadence Design's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cadence Design's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cadence financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cadence Design Stock history
Cadence Design investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cadence is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cadence Design Systems will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cadence Design stock prices may prove useful in developing a viable investing in Cadence Design
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 272.7 M | 259.7 M | |
| Net Income Applicable To Common Shares | 976.3 M | 1 B |
Cadence Design Quarterly Net Working Capital |
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Cadence Design Stock Technical Analysis
Cadence Design technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Cadence Design Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Cadence Design Systems cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cadence Design November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Cadence Design stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cadence Design shares will generate the highest return on investment. By undertsting and applying Cadence Design stock market strength indicators, traders can identify Cadence Design Systems entry and exit signals to maximize returns
Cadence Design Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cadence Design's price direction in advance. Along with the technical and fundamental analysis of Cadence Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cadence to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0875 | |||
| Jensen Alpha | 0.106 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.058 | |||
| Treynor Ratio | 0.2195 |
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Additional Tools for Cadence Stock Analysis
When running Cadence Design's price analysis, check to measure Cadence Design's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cadence Design is operating at the current time. Most of Cadence Design's value examination focuses on studying past and present price action to predict the probability of Cadence Design's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cadence Design's price. Additionally, you may evaluate how the addition of Cadence Design to your portfolios can decrease your overall portfolio volatility.