Synopsys Correlations

SNPS Stock

USD 480.42 10.70 2.28%

The current 90-days correlation between Synopsys and Cadence Design Systems is 0.72 (i.e., Poor diversification). The correlation of Synopsys 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Synopsys Correlation With Market

Significant diversification

The correlation between Synopsys and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Synopsys and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Synopsys Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synopsys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For more information on how to buy Synopsys Stock please use our How to Invest in Synopsys guide.

Moving together with Synopsys Stock

0.64	EVCM	EverCommerce	Pair Corr
0.72	RKLB	Rocket Lab USA	Pair Corr

Moving against Synopsys Stock

0.76	DDOG	Datadog	Pair Corr
0.51	SSNLF	Samsung Electronics	Pair Corr
0.43	EC	Ecopetrol SA ADR	Pair Corr
0.33	ALAR	Alarum Technologies Tech Boost	Pair Corr
0.31	MRT	Marti Technologies	Pair Corr
0.33	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	CDNS	NET	FTNT	MSTR	GLW	ADSK	CRWV	NTES	TEL	SNOW
CDNS		0.63	0.85	0.7	0.38	0.76	0.75	0.51	0.23	0.25	CDNS
NET	0.63		0.69	0.68	0.24	0.42	0.71	0.34	0.56	0.7	NET
FTNT	0.85	0.69		0.73	0.11	0.78	0.75	0.5	0.23	0.46	FTNT
MSTR	0.7	0.68	0.73		-0.1	0.68	0.94	0.76	-0.1	0.51	MSTR
GLW	0.38	0.24	0.11	-0.1		0.06	0.1	0.03	0.54	-0.3	GLW
ADSK	0.76	0.42	0.78	0.68	0.06		0.63	0.61	-0.07	0.27	ADSK
CRWV	0.75	0.71	0.75	0.94	0.1	0.63		0.73	-0.01	0.45	CRWV
NTES	0.51	0.34	0.5	0.76	0.03	0.61	0.73		-0.27	0.19	NTES
TEL	0.23	0.56	0.23	-0.1	0.54	-0.07	-0.01	-0.27		0.37	TEL
SNOW	0.25	0.7	0.46	0.51	-0.3	0.27	0.45	0.19	0.37		SNOW
	CDNS	NET	FTNT	MSTR	GLW	ADSK	CRWV	NTES	TEL	SNOW

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CRWV	+ 0.94	MSTR
FTNT	+ 0.85	CDNS
ADSK	+ 0.78	FTNT
ADSK	+ 0.76	CDNS
NTES	+ 0.76	MSTR
CRWV	+ 0.75	CDNS

High negative correlations

SNOW	- 0.3	GLW
TEL	- 0.27	NTES
TEL	- 0.1	MSTR
GLW	- 0.1	MSTR
TEL	- 0.07	ADSK
TEL	- 0.01	CRWV

Risk-Adjusted Indicators

There is a big difference between Synopsys Stock performing well and Synopsys Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Synopsys' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CDNS	1.19	(0.20)	0.00	29.61	0.00	0.00	2.05	(2.87)	9.36
NET	2.01	(0.15)	0.00	0.84	0.00	0.00	3.33	(3.95)	19.97
FTNT	1.29	(0.16)	0.00	(4.71)	0.00	0.00	1.87	(3.65)	8.99
MSTR	3.24	(1.22)	0.00	4.57	0.00	0.00	5.01	(7.55)	15.68
GLW	1.81	0.14	0.02	(0.40)	2.72	(1.81)	3.55	(4.48)	12.43
ADSK	0.98	(0.19)	0.00	3.85	0.00	0.00	1.58	(2.48)	5.97
CRWV	4.19	(0.64)	0.00	1.10	0.00	0.00	8.05	(8.30)	28.02
NTES	1.36	(0.04)	0.00	(0.09)	0.00	0.00	3.13	(3.12)	7.64
TEL	1.25	0.11	0.01	(0.21)	2.28	(1.18)	2.24	(3.54)	9.90
SNOW	1.84	(0.15)	0.00	1.77	0.00	0.00	3.40	(4.23)	17.97

Synopsys Corporate Management

Shankar Krishnamoorthy	Head Development	Profile
Shelagh Glaser	Chief Officer	Profile
Charlie Matar	Senior Group	Profile
John Runkel	General Counsel and Corporate Secretary	Profile
Deirdre Hanford	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC