Cadence Design Systems Stock Price on April 22, 2024
| CDNS Stock | USD 287.63 4.30 1.52% |
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 287.63, as last reported on the 15th of May 2024, with the highest price reaching 287.63 and the lowest price hitting 287.63 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 Systems secures Sharpe Ratio (or Efficiency) of -0.0179, which signifies that the company had a -0.0179% return per unit of standard deviation over the last 3 months. Cadence Design Systems exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cadence Design's mean deviation of 1.37, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide.
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 268.794 | 50 Day MA 300.1108 | Beta 1.06 |
Cadence |
Sharpe Ratio = -0.0179
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | CDNS |
Estimated Market Risk
| 1.67 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cadence Design is not performing at its full potential. However, 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 Cadence Design to a well-diversified portfolio.
Price Book 24.4913 | Enterprise Value Ebitda 56.7002 | Price Sales 20.3852 | Shares Float 269.5 M | Wall Street Target Price 329.67 |
Related Headline
LSI Industries Headline on 22nd of April 2024
Investment Report - News Stock Traders Daily by news.google.com
Investment Report News Stock Traders Daily
Cadence Design Valuation on April 22, 2024
It is possible to determine the worth of Cadence Design on a given historical date. On April 22, 2024 Cadence was worth 283.33 at the beginning of the trading date compared to the closed value of 285.02. 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 | |
| 285.00 | 286.67 | 279.60 | 280.25 | 2,004,190 | |
04/22/2024 | 283.33 | 287.14 | 281.00 | 285.02 | 2,382,041 |
| 277.64 | 285.98 | 275.50 | 281.76 | 4,510,615 |
| Backtest Cadence Design | | | Cadence Design History | | | Cadence Design Valuation | Previous | Next |
Cadence Design Trading Date Momentum on April 22, 2024
| On April 23 2024 Cadence Design Systems was traded for 281.76 at the closing time. The top price for the day was 285.98 and the lowest listed price was 275.50 . The trading volume for the day was 4.5 M. The trading history from April 23, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 1.14% . The overall trading delta against the current closing price is 3.22% . |
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 |
|
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 | April 22, 2024
| High |
283.33 | 285.02 |
Cadence Design May 15, 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
| Accumulation Distribution | 50935.89 | |||
| Daily Balance Of Power | 0.2752 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 284.07 | |||
| Day Typical Price | 284.39 | |||
| Price Action Indicator | 1.79 | |||
| Period Momentum Indicator | 2.61 |
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 | (0.04) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.09) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cadence Design Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary 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.
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Stocks Directory Find actively traded stocks across global markets | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |
Is Cadence Design's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cadence Design. If investors know Cadence will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cadence Design listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.022 | Earnings Share 3.85 | Revenue Per Share 15.135 | Quarterly Revenue Growth (0.01) | Return On Assets 0.1386 |
The market value of Cadence Design Systems is measured differently than its book value, which is the value of Cadence that is recorded on the company's balance sheet. Investors also form their own opinion of Cadence Design's value that differs from its market value or its book value, called intrinsic value, which is Cadence Design's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cadence Design's market value can be influenced by many factors that don't directly affect Cadence Design's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cadence Design's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cadence Design is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cadence Design's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.