Cadence Other Stockholder Equity vs Intangible Assets Analysis

0HS2 Stock   309.47  1.64  0.53%   
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 Other Stockholder Equity and its Intangible Assets 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.

Other Stockholder Equity vs Intangible Assets

Other Stockholder Equity vs Intangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cadence Design Systems Other Stockholder Equity account and Intangible Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Cadence Design's Other Stockholder Equity and Intangible Assets is -0.2. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Intangible Assets 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 Other Stockholder Equity and Intangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Cadence Design Systems are associated (or correlated) with its Intangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Intangible Assets has no effect on the direction of Other Stockholder Equity i.e., Cadence Design's Other Stockholder Equity and Intangible Assets go up and down completely randomly.

Correlation Coefficient

-0.2
Relationship DirectionNegative 
Relationship StrengthInsignificant

Other Stockholder Equity

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.
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.
Tax Provision is likely to gain to about 32.2 M in 2024, whereas Selling General Administrative is likely to drop slightly above 156.2 M in 2024.
 2016 2022 2023 2024 (projected)
Total Revenue1.8B3.6B4.1B4.3B
Depreciation And Amortization119.6M132.1M145.7M118.2M

Cadence Design fundamental ratios Correlations

0.490.520.810.970.64-0.410.980.830.990.220.890.920.260.550.06-0.980.880.950.28-0.330.980.090.990.540.69
0.49-0.170.750.290.640.510.430.170.54-0.250.270.510.260.45-0.04-0.60.80.360.72-0.060.550.250.510.680.3
0.52-0.170.20.55-0.24-0.830.420.820.430.440.740.270.60.630.53-0.420.370.67-0.37-0.740.41-0.550.53-0.330.82
0.810.750.20.690.820.010.750.550.8-0.320.650.820.070.320.29-0.840.920.780.76-0.120.880.160.860.770.48
0.970.290.550.690.58-0.540.980.840.960.30.880.90.180.45-0.03-0.930.730.930.14-0.290.940.090.940.470.65
0.640.64-0.240.820.580.250.690.190.68-0.390.330.81-0.37-0.07-0.18-0.710.630.50.790.380.750.580.650.960.12
-0.410.51-0.830.01-0.540.25-0.37-0.76-0.31-0.43-0.69-0.17-0.32-0.21-0.290.25-0.06-0.580.480.61-0.330.56-0.370.31-0.48
0.980.430.420.750.980.69-0.370.750.990.260.810.960.130.47-0.1-0.970.790.890.24-0.170.960.240.950.570.61
0.830.170.820.550.840.19-0.760.750.750.310.990.580.570.580.3-0.740.670.94-0.01-0.740.79-0.450.80.150.77
0.990.540.430.80.960.68-0.310.990.750.250.820.950.210.56-0.05-0.990.870.90.29-0.230.960.220.970.570.65
0.22-0.250.44-0.320.3-0.39-0.430.260.310.250.220.120.370.57-0.33-0.170.010.14-0.81-0.330.03-0.020.16-0.520.28
0.890.270.740.650.880.33-0.690.810.990.820.220.650.510.540.26-0.810.730.970.12-0.670.86-0.370.850.30.75
0.920.510.270.820.90.81-0.170.960.580.950.120.65-0.080.37-0.06-0.940.80.80.380.050.920.450.930.660.5
0.260.260.60.070.18-0.37-0.320.130.570.210.370.51-0.080.80.19-0.250.380.35-0.23-0.890.19-0.680.21-0.270.67
0.550.450.630.320.45-0.07-0.210.470.580.560.570.540.370.80.13-0.570.660.51-0.19-0.630.43-0.190.55-0.130.8
0.06-0.040.530.29-0.03-0.18-0.29-0.10.3-0.05-0.330.26-0.060.190.130.020.230.280.17-0.410.06-0.510.18-0.220.32
-0.98-0.6-0.42-0.84-0.93-0.710.25-0.97-0.74-0.99-0.17-0.81-0.94-0.25-0.570.02-0.9-0.9-0.360.24-0.97-0.2-0.97-0.62-0.69
0.880.80.370.920.730.63-0.060.790.670.870.010.730.80.380.660.23-0.90.820.52-0.350.880.060.90.570.66
0.950.360.670.780.930.5-0.580.890.940.90.140.970.80.350.510.28-0.90.820.25-0.510.94-0.180.950.430.73
0.280.72-0.370.760.140.790.480.24-0.010.29-0.810.120.38-0.23-0.190.17-0.360.520.250.250.450.250.330.86-0.02
-0.33-0.06-0.74-0.12-0.290.380.61-0.17-0.74-0.23-0.33-0.670.05-0.89-0.63-0.410.24-0.35-0.510.25-0.260.86-0.290.32-0.59
0.980.550.410.880.940.75-0.330.960.790.960.030.860.920.190.430.06-0.970.880.940.45-0.260.10.960.680.63
0.090.25-0.550.160.090.580.560.24-0.450.22-0.02-0.370.45-0.68-0.19-0.51-0.20.06-0.180.250.860.10.110.45-0.27
0.990.510.530.860.940.65-0.370.950.80.970.160.850.930.210.550.18-0.970.90.950.33-0.290.960.110.520.69
0.540.68-0.330.770.470.960.310.570.150.57-0.520.30.66-0.27-0.13-0.22-0.620.570.430.860.320.680.450.520.07
0.690.30.820.480.650.12-0.480.610.770.650.280.750.50.670.80.32-0.690.660.73-0.02-0.590.63-0.270.690.07
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Cadence Design Account Relationship Matchups

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