Correlation
The correlation between AYX and CDNS is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
AYX vs. CDNS
Compare and contrast key facts about Alteryx, Inc. (AYX) and Cadence Design Systems, Inc. (CDNS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AYX or CDNS.
Performance
AYX vs. CDNS - Performance Comparison
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Key characteristics
Fundamentals
AYX:
$3.53B
CDNS:
$86.15B
AYX:
-$2.52
CDNS:
$3.94
AYX:
0.00
CDNS:
3.32
AYX:
3.64
CDNS:
17.67
AYX:
18.57
CDNS:
18.04
Returns By Period
AYX
N/A
N/A
N/A
N/A
N/A
N/A
N/A
CDNS
5.01%
8.94%
1.00%
7.21%
29.88%
29.67%
31.84%
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Risk-Adjusted Performance
AYX vs. CDNS — Risk-Adjusted Performance Rank
AYX
CDNS
AYX vs. CDNS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alteryx, Inc. (AYX) and Cadence Design Systems, Inc. (CDNS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
AYX vs. CDNS - Dividend Comparison
Neither AYX nor CDNS has paid dividends to shareholders.
Drawdowns
AYX vs. CDNS - Drawdown Comparison
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Volatility
AYX vs. CDNS - Volatility Comparison
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Financials
AYX vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Alteryx, Inc. and Cadence Design Systems, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities