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Performance of CDNS Cadence Design Systems | 30.4% in 12m

Compare CDNS with Indices, Sectors and Commodities ✔ like Oil, Gas, Gold, Yields and Bonds. Who outperforms?

Compare Cadence Design Systems with its related Sector/Index XLK

Compare Cadence Design Systems with its related Sector/Index XLK

Performance Duell CDNS vs XLK

TimeFrame CDNS XLK
1 Day -1.46% 0.46%
1 Week -5.46% -0.41%
1 Month -12.2% -5.03%
3 Months -5.85% -2.41%
6 Months 17.0% 20.29%
12 Months 30.4% 35.71%
YTD 5.61% 5.82%
Rel. Perf. 1m -0.66
Rel. Perf. 3m 0.12
Rel. Perf. 6m -0.30
Rel. Perf. 12m -0.12

Is Cadence Design Systems a good stock to buy?

Yes, based on ValueRay Fundamental Analyses, Cadence Design Systems (NASDAQ:CDNS) is currently (April 2024) a good stock to buy. It has a ValueRay Fundamental Rating of 83.24 and therefor a positive outlook according to fundamental data.
Based on ValueRays Technical Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of CDNS as of April 2024 is 313.73. This means that CDNS is currently undervalued and has a potential upside of +12.99% (Margin of Safety).

Is CDNS a buy, sell or hold?

  • Strong Buy: 9
  • Buy: 3
  • Hold: 4
  • Sell: 1
  • Strong Sell: 0
Cadence Design Systems has received a consensus analysts rating of 4.18. Therefor, it is recommend to buy CDNS.
Values above 0%: CDNS is performing better - Values below 0%: CDNS is underperforming

Compare CDNS with Broad Market Indices

Symbol 1w 1m 6m 12m
US S&P 500 SPY -6.43% -9.43% -3.21% 6.11%
US NASDAQ 100 QQQ -5.62% -8.09% -2.27% -5.53%
US Dow Jones Industrial 30 DIA -7.42% -10.08% -0.13% 14.68%
German DAX 40 DBXD -7.23% -11.15% -4.53% 17.03%
UK FTSE 100 ISFU -7.64% -12.30% 3.91% 25.11%
Shanghai Shenzhen CSI 300 CSI 300 -3.98% -11.57% 17.25% 45.18%
Hongkong Hang Seng HSI -11.26% -10.60% 23.79% 51.41%
Japan Nikkei 225 EXX7 -5.33% -5.91% -0.04% 11.83%
India NIFTY 50 INDA -7.50% -15.10% -1.93% 0.71%
Brasil Bovespa EWZ -8.18% -8.28% 10.80% 12.98%

CDNS Cadence Design Systems vs. Sectors

Symbol 1w 1m 6m 12m
Communication Services XLC -6.56% -11.33% -3.15% -11.21%
Consumer Discretionary XLY -6.54% -7.84% 3.01% 11.24%
Consumer Staples XLP -8.94% -12.85% 3.13% 28.72%
Energy XLE -7.65% -15.33% 5.13% 15.03%
Financial XLF -9.06% -11.85% -11.78% 4.08%
Health Care XLV -7.21% -9.17% 5.71% 24.35%
Industrial XLI -6.27% -10.33% -7.46% 7.28%
Materials XLB -4.72% -8.84% -1.55% 19.41%
Real Estate XLRE -8.01% -7.43% 3.56% 28.03%
Technology XLK -5.05% -7.16% -3.34% -5.34%
Utilities XLU -9.61% -16.21% 1.86% 31.70%
Aerospace & Defense XAR -7.38% -9.24% -1.41% 13.31%
Biotech XBI -4.62% -2.77% -8.19% 27.00%
Homebuilder XHB -7.30% -5.88% -28.26% -18.34%
Retail XRT -8.09% -6.94% -7.73% 12.89%

CDNS Cadence Design Systems vs. Commodities

Symbol 1w 1m 6m 12m
Oil USO -6.39% -14.61% 13.43% 15.37%
Natural Gas UNG -5.32% -7.67% 65.37% 80.44%
Gold GLD -3.21% -18.98% -0.37% 14.23%
Silver SLV -1.78% -22.46% -1.51% 22.48%
Copper CPER -8.18% -23.33% -6.69% 15.67%

Returns of CDNS vs. Yields & Bonds

Symbol 1w 1m 6m 12m
iShares 20+ Years Bond TLT -4.47% -7.05% 11.33% 43.40%
iShares High Yield Corp. Bond HYG -6.46% -11.36% 8.23% 22.32%
Does Cadence Design Systems outperform its market, is CDNS a Sector Leader?
No, over the last 12 months Cadence Design Systems (CDNS) made 30.37%, while its related Sector, the Technology Sector SPDR Fund (XLK) made 35.71%.
Over the last 3 months CDNS made -5.85%, while XLK made -2.41%.
Period CDNS XLK S&P 500
1 Month -12.19% -5.03% -2.76%
3 Months -5.85% -2.41% 4.45%
12 Months 30.37% 35.71% 24.26%