Cadence Design (Germany) Market Value
| CDS Stock | EUR 287.70 2.35 0.81% |
| Symbol | Cadence |
Cadence Design 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cadence Design's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cadence Design.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Cadence Design on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Cadence Design Systems or generate 0.0% return on investment in Cadence Design over 30 days. Cadence Design is related to or competes with Synopsys, Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, and Talanx AG. Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit design blocks worldw... More
Cadence Design Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cadence Design's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cadence Design Systems upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.03 | |||
| Information Ratio | 0.085 | |||
| Maximum Drawdown | 9.71 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 3.55 |
Cadence Design Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cadence Design's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cadence Design's standard deviation. In reality, there are many statistical measures that can use Cadence Design historical prices to predict the future Cadence Design's volatility.| Risk Adjusted Performance | 0.1216 | |||
| Jensen Alpha | 0.2057 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0876 | |||
| Treynor Ratio | 0.3902 |
Cadence Design Systems Backtested Returns
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 risk adjusted performance of 0.1216, and Mean Deviation of 1.69 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cadence Design holds a performance score of 10. The firm shows a Beta (market volatility) of 0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cadence Design's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cadence Design is expected to be smaller as well. Please check Cadence Design's semi deviation, jensen alpha, maximum drawdown, as well as the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether Cadence Design's price patterns will revert.
Auto-correlation | 0.63 |
Good predictability
Cadence Design Systems has good predictability. Overlapping area represents the amount of predictability between Cadence Design time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cadence Design Systems price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Cadence Design price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 60.96 |
Cadence Design Systems lagged returns against current returns
Autocorrelation, which is Cadence Design stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cadence Design's stock expected returns. We can calculate the autocorrelation of Cadence Design returns to help us make a trade decision. For example, suppose you find that Cadence Design has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Cadence Design regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cadence Design stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cadence Design stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cadence Design stock over time.
Current vs Lagged Prices |
| Timeline |
Cadence Design Lagged Returns
When evaluating Cadence Design's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cadence Design stock have on its future price. Cadence Design autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cadence Design autocorrelation shows the relationship between Cadence Design stock current value and its past values and can show if there is a momentum factor associated with investing in Cadence Design Systems.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Cadence Stock
When determining whether Cadence Design Systems is a strong investment it is important to analyze Cadence Design's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Cadence Design's future performance. For an informed investment choice regarding Cadence Stock, refer to the following important reports:Check out Cadence Design Correlation, Cadence Design Volatility and Cadence Design Alpha and Beta module to complement your research on Cadence Design. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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.