Cadence Design Systems Stock Price on November 25, 2024
| CDNS Stock | USD 306.81 2.13 0.70% |
If you're considering investing in Cadence Stock, it is important to understand the factors that can impact its price. 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. 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 thirty 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 1.71, and Risk Adjusted Performance of 0.1044 to double-check if our risk estimates are consistent with your expectations.
Cadence Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
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.
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Private Trust Co. NA decreased its stake in shares of Salesforce, Inc. by 4.7 percent during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,696 shares of the CRM providers stock after selling 430 shares during the period. Private Trust Co. NAs holdings in Salesforce were worth 2,380,000 at the
Cadence Design Valuation on November 25, 2024
It is possible to determine the worth of Cadence Design on a given historical date. On November 25, 2024 Cadence was worth 314.96 at the beginning of the trading date compared to the closed value of 312.39. 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 | |
| 308.70 | 313.36 | 307.02 | 311.87 | 1,363,636 | |
11/25/2024 | 314.96 | 315.30 | 309.15 | 312.39 | 1,937,883 |
| 314.55 | 316.37 | 309.42 | 310.10 | 1,127,885 |
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Cadence Design Trading Date Momentum on November 25, 2024
| On November 26 2024 Cadence Design Systems was traded for 310.10 at the closing time. The top price for the day was 316.37 and the lowest listed price was 309.42 . The trading volume for the day was 1.1 M. The trading history from November 26, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 0.73% . The overall trading delta against the current closing price is 2.57% . |
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
Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit design blocks worldwide. Cadence Design Systems, Inc. was incorporated in 1987 and is headquartered in San Jose, California. Cadence Design operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 9300 people.
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 | 0.1044 | |||
| Jensen Alpha | 0.1856 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0881 | |||
| Treynor Ratio | 0.3255 |
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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.