Cadence Short Term Investments vs Inventory 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 Short Term Investments and its Inventory 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.

Short Term Investments vs Inventory

Short Term Investments vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cadence Design Systems Short Term Investments account and Inventory. At this time, the significance of the direction appears to have strong relationship.
The correlation between Cadence Design's Short Term Investments and Inventory is 0.68. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Inventory 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 Short Term Investments and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of Cadence Design Systems are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Short Term Investments i.e., Cadence Design's Short Term Investments and Inventory go up and down completely randomly.

Correlation Coefficient

0.68
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Term Investments

Short Term Investments is an item under the current assets section of Cadence Design balance sheet. It contains any investments Cadence Design Systems undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Cadence Design Systems can easily liquidate in the marketplace.

Inventory

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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