Pair Trades for SNPS (NASDAQ) - Synopsys Inc
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| CDNS nasdaq | 97.1% | 0.31 | Application Software |
| FICO nyse | 96.9% | 2.54 | Application Software |
| CRWD nasdaq | 96.6% | 3.40 | Application Software |
| MANH nasdaq | 95.5% | 0.92 | Application Software |
| ADBE nasdaq | 94.7% | 2.32 | Application Software |
| APPF nasdaq | 93.6% | 0.94 | Application Software |
| AVPT nasdaq | 93.3% | 0.80 | Application Software |
| BRZE nasdaq | 93.1% | 4.04 | Application Software |
| INTU nasdaq | 91.2% | 1.66 | Application Software |
| APP nasdaq | 90.1% | 3.68 | Application Software |
| BSY nasdaq | 90.0% | -0.64 | Application Software |
| PTC nasdaq | 89.8% | 0.36 | Application Software |
| CXM nyse | 89.6% | 0.45 | Application Software |
| CLBT nasdaq | 89.4% | 2.44 | Application Software |
| PRO nyse | 88.9% | 1.36 | Application Software |
| WDAY nasdaq | 88.6% | 1.35 | Application Software |
| SAP nyse | 88.4% | 0.73 | Application Software |
| CCCS nasdaq | 88.3% | -0.58 | Application Software |
| MSTR nasdaq | 87.5% | 5.44 | Application Software |
| GWRE nyse | 87.3% | 1.97 | Application Software |
| INFA nyse | 86.7% | 2.91 | Application Software |
| ESTC nyse | 85.8% | 3.51 | Application Software |
| IOT nyse | 84.7% | 1.43 | Application Software |
| VERX nasdaq | 84.5% | 1.59 | Application Software |
| VTEX nyse | 84.2% | 3.64 | Application Software |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SOPA nasdaq | -92.0% | -9.05 | Application Software |
| APPS nasdaq | -87.5% | -5.84 | Application Software |
| MRIN nasdaq | -86.8% | -8.12 | Application Software |
| EXFY nasdaq | -83.4% | -11.56 | Application Software |
| TWKS nasdaq | -81.7% | -7.63 | Application Software |
| MODN nyse | -81.1% | -4.46 | Application Software |
| ENV nyse | -79.2% | -4.02 | Application Software |
| YOU nyse | -79.0% | -2.00 | Application Software |
| VERI nasdaq | -78.1% | -6.38 | Application Software |
| ETWO nyse | -76.0% | -4.66 | Application Software |
| GRRR nasdaq | -74.5% | -13.31 | Application Software |
| LPSN nasdaq | -72.2% | -2.56 | Application Software |
| EVBG nasdaq | -71.8% | -2.86 | Application Software |
| API nasdaq | -71.7% | -2.44 | Application Software |
| VRNT nasdaq | -70.7% | -5.47 | Application Software |
| BL nasdaq | -68.0% | -0.01 | Application Software |
| RSKD nyse | -67.6% | -2.62 | Application Software |
| PD nyse | -66.1% | -1.57 | Application Software |
| OLO nyse | -65.8% | -3.46 | Application Software |
| WAVD nasdaq | -65.5% | -7.75 | Application Software |
| DOCU nasdaq | -64.9% | -3.29 | Application Software |
| ARQQ nasdaq | -64.2% | -11.60 | Application Software |
| AYX nyse | -63.8% | -0.56 | Application Software |
| SMSI nasdaq | -63.3% | -5.80 | Application Software |
| CXAI nasdaq | -62.3% | -21.71 | Application Software |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| CDNS nasdaq | 97.1% | 0.31 | Application Software |
| NOW nyse | 97.0% | 1.26 | Systems Software |
| FICO nyse | 96.9% | 2.54 | Application Software |
| CRWD nasdaq | 96.6% | 3.40 | Application Software |
| PLTR nyse | 95.6% | 0.71 | Systems Software |
| DAKT nasdaq | 95.6% | 1.87 | Electronic Equipment.. |
| MANH nasdaq | 95.5% | 0.92 | Application Software |
| AVGO nasdaq | 95.3% | 0.36 | Semiconductors |
| ONTO nyse | 95.3% | 1.26 | Semiconductor Materi.. |
| ADBE nasdaq | 94.7% | 2.32 | Application Software |
| UBER nyse | 94.7% | 3.24 | Passenger Ground Tra.. |
| NVDA nasdaq | 94.1% | 0.73 | Semiconductors |
| MSFT nasdaq | 93.6% | 0.11 | Systems Software |
| APPF nasdaq | 93.6% | 0.94 | Application Software |
| JBL nyse | 93.5% | 1.01 | Electronic Manufactu.. |
| PANW nasdaq | 93.4% | 1.62 | Systems Software |
| AVPT nasdaq | 93.3% | 0.80 | Application Software |
| BRZE nasdaq | 93.1% | 4.04 | Application Software |
| GRMN nyse | 92.8% | 0.95 | Consumer Electronics |
| MU nasdaq | 92.7% | -0.21 | Semiconductor Materi.. |
| ANET nyse | 92.5% | 1.90 | Communications Equip.. |
| LRCX nasdaq | 92.4% | 0.29 | Semiconductor Materi.. |
| CYBR nasdaq | 92.1% | 1.80 | Systems Software |
| AMAT nasdaq | 92.0% | -0.25 | Semiconductor Materi.. |
| QLYS nasdaq | 91.4% | 2.59 | Systems Software |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SOPA nasdaq | -92.0% | -9.05 | Application Software |
| SPWR nasdaq | -90.3% | -9.37 | Semiconductors |
| TIXT nyse | -88.3% | -8.92 | Data Processing & Ou.. |
| CMBM nasdaq | -87.8% | -14.12 | Communications Equip.. |
| G nyse | -87.8% | -1.91 | Data Processing & Ou.. |
| APPS nasdaq | -87.5% | -5.84 | Application Software |
| SOL nyse | -87.4% | -4.49 | Construction & Engin.. |
| TTEC nasdaq | -87.4% | -6.71 | Data Processing & Ou.. |
| MRIN nasdaq | -86.8% | -8.12 | Application Software |
| COMM nasdaq | -86.5% | -10.31 | Communications Equip.. |
| ADTN nasdaq | -85.5% | -5.30 | Communications Equip.. |
| ENPH nasdaq | -85.5% | -6.40 | Semiconductor Materi.. |
| NOK nyse | -84.2% | -3.58 | Communications Equip.. |
| TSEM nasdaq | -83.8% | -4.39 | Semiconductors |
| INFN nasdaq | -83.8% | -2.07 | Communications Equip.. |
| SEDG nasdaq | -83.4% | -13.88 | Semiconductor Materi.. |
| EXFY nasdaq | -83.4% | -11.56 | Application Software |
| NTGR nasdaq | -83.4% | -1.15 | Communications Equip.. |
| DQ nyse | -83.2% | -6.06 | Semiconductor Materi.. |
| KULR nyse mkt | -83.2% | -9.59 | Electronic Equipment.. |
| RUN nasdaq | -81.9% | -3.88 | Electrical Component.. |
| EXLS nasdaq | -81.8% | -1.76 | Data Processing & Ou.. |
| TWKS nasdaq | -81.7% | -7.63 | Application Software |
| MODN nyse | -81.1% | -4.46 | Application Software |
| INTZ nasdaq | -81.1% | -16.54 | Systems Software |