Cadence Common Stock vs Property Plant And Equipment Gross Analysis
CDNS Stock | USD 297.69 1.95 0.66% |
Cadence Design financial indicator trend analysis is way more than just evaluating Cadence Design Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cadence Design Systems is a good investment. Please check the relationship between Cadence Design Common Stock and its Property Plant And Equipment Gross accounts. 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.
Common Stock vs Property Plant And Equipment Gross
Common Stock vs Property Plant And Equipment Gross Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cadence Design Systems Common Stock account and Property Plant And Equipment Gross. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Cadence Design's Common Stock and Property Plant And Equipment Gross is 0.84. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Property Plant And Equipment Gross in the same time period over historical financial statements of Cadence Design Systems, assuming nothing else is changed. The correlation between historical values of Cadence Design's Common Stock and Property Plant And Equipment Gross is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Cadence Design Systems are associated (or correlated) with its Property Plant And Equipment Gross. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Gross has no effect on the direction of Common Stock i.e., Cadence Design's Common Stock and Property Plant And Equipment Gross go up and down completely randomly.
Correlation Coefficient | 0.84 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Common Stock
Property Plant And Equipment Gross
Most indicators from Cadence Design's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cadence Design Systems current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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 closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Cadence Design's Tax Provision is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.09 in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 90.7 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.7B | 3.2B | 3.6B | 3.8B | Total Revenue | 3.0B | 3.6B | 4.1B | 4.3B |
Cadence Design fundamental ratios Correlations
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Cadence Design Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cadence Design fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 3.4B | 4.0B | 4.4B | 5.1B | 5.7B | 6.0B | |
Short Long Term Debt Total | 346.0M | 346.8M | 347.6M | 748.1M | 806.0M | 846.3M | |
Other Current Liab | 316.9M | 350.0M | 417.3M | 510.0M | 443.7M | 223.2M | |
Total Current Liabilities | 672.4M | 796.8M | 971.2M | 1.3B | 1.6B | 1.7B | |
Total Stockholder Equity | 2.1B | 2.5B | 2.7B | 2.7B | 3.4B | 3.6B | |
Property Plant And Equipment Net | 275.9M | 311.1M | 305.9M | 371.5M | 554.0M | 581.7M | |
Net Debt | (359.2M) | (581.6M) | (741.4M) | (134.2M) | (202.1M) | (212.2M) | |
Retained Earnings | 1.8B | 2.4B | 3.0B | 3.9B | 4.9B | 5.2B | |
Cash | 705.2M | 928.4M | 1.1B | 882.3M | 1.0B | 1.1B | |
Non Current Assets Total | 2.2B | 2.5B | 2.7B | 3.4B | 3.7B | 3.9B | |
Non Currrent Assets Other | 207.2M | 303.9M | 311.7M | 356.3M | 137.2M | 194.3M | |
Cash And Short Term Investments | 705.2M | 928.4M | 1.1B | 882.3M | 1.1B | 1.2B | |
Net Receivables | 304.5M | 338.5M | 337.6M | 486.7M | 506.8M | 532.1M | |
Common Stock Shares Outstanding | 280.5M | 279.6M | 278.9M | 275.0M | 272.7M | 259.7M | |
Liabilities And Stockholders Equity | 3.4B | 4.0B | 4.4B | 5.1B | 5.7B | 6.0B | |
Non Current Liabilities Total | 581.9M | 661.0M | 674.4M | 1.0B | 674.4M | 449.0M | |
Other Current Assets | 103.8M | 135.7M | 173.5M | 209.7M | 149.3M | 86.3M | |
Other Stockholder Equity | (1.7B) | (2.1B) | (2.7B) | (3.8B) | (4.6B) | (4.4B) | |
Total Liab | 1.3B | 1.5B | 1.6B | 2.4B | 2.3B | 2.4B | |
Property Plant And Equipment Gross | 376.2M | 444.5M | 1.2B | 1.3B | 1.4B | 1.5B | |
Total Current Assets | 1.2B | 1.5B | 1.7B | 1.7B | 2.0B | 2.1B | |
Accumulated Other Comprehensive Income | (36.9M) | (17.4M) | (33.3M) | (91.6M) | (94.8M) | (90.0M) | |
Short Term Debt | 100M | 25.6M | 33.9M | 25.3M | 390.9M | 410.4M | |
Accounts Payable | (25.6M) | (33.9M) | (25.3M) | 47.1M | 91.2M | 62.2M | |
Inventory | 55.8M | 76.0M | 115.7M | 128.0M | 181.7M | 190.7M | |
Intangible Assets | 172.4M | 210.6M | 233.3M | 354.6M | 336.8M | 324.2M | |
Common Stock | 2.0B | 2.2B | 2.5B | 2.8B | 3.2B | 3.3B | |
Current Deferred Revenue | 355.5M | 446.9M | 553.9M | 690.5M | 665.0M | 698.3M | |
Common Stock Total Equity | 2.0B | 2.2B | 2.5B | 2.8B | 3.2B | 3.3B | |
Short Term Investments | 4.6M | 4.5M | 6.0M | 4.5M | 130.4M | 136.9M | |
Other Liab | 151.1M | 200.3M | 326.8M | 256.8M | 231.2M | 202.3M | |
Other Assets | 839.2M | 902.8M | 1.2B | 1.0B | 1.2B | 1.3B | |
Long Term Debt | 346.0M | 346.8M | 347.6M | 648.1M | 299.8M | 388.2M | |
Treasury Stock | (1.7B) | (2.1B) | (2.7B) | (3.8B) | (3.4B) | (3.3B) | |
Property Plant Equipment | 275.9M | 311.1M | 305.9M | 371.5M | 334.3M | 251.3M | |
Good Will | 661.9M | 782.1M | 928.4M | 1.4B | 1.5B | 864.7M | |
Net Tangible Assets | 2.1B | 1.5B | 1.6B | 1.0B | 1.2B | 1.1B | |
Retained Earnings Total Equity | 1.8B | 2.4B | 3.0B | 3.9B | 4.5B | 4.7B | |
Long Term Debt Total | 346.0M | 346.8M | 347.6M | 648.1M | 745.3M | 455.7M | |
Deferred Long Term Liab | 73.4M | 107.1M | 101.1M | 91.5M | 105.3M | 76.0M |
Pair Trading with Cadence Design
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cadence Design position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cadence Design will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cadence Design could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cadence Design when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cadence Design - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cadence Design Systems to buy it.
The correlation of Cadence Design is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cadence Design moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cadence Design Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cadence Design can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.