BB vs. CDNS
Compare and contrast key facts about BlackBerry Limited (BB) and Cadence Design Systems, Inc. (CDNS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BB or CDNS.
Correlation
The correlation between BB and CDNS is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BB vs. CDNS - Performance Comparison
Key characteristics
BB:
0.32
CDNS:
0.32
BB:
0.95
CDNS:
0.71
BB:
1.12
CDNS:
1.09
BB:
0.20
CDNS:
0.45
BB:
0.71
CDNS:
0.94
BB:
27.34%
CDNS:
11.65%
BB:
61.53%
CDNS:
34.61%
BB:
-98.57%
CDNS:
-93.13%
BB:
-97.30%
CDNS:
-6.40%
Fundamentals
BB:
$2.36B
CDNS:
$83.81B
BB:
-$0.25
CDNS:
$3.80
BB:
$603.24M
CDNS:
$3.29B
BB:
$405.82M
CDNS:
$2.96B
BB:
-$31.62M
CDNS:
$1.12B
Returns By Period
In the year-to-date period, BB achieves a 5.56% return, which is significantly higher than CDNS's 1.71% return. Over the past 10 years, BB has underperformed CDNS with an annualized return of -8.73%, while CDNS has yielded a comparatively higher 32.58% annualized return.
BB
5.56%
33.89%
64.88%
16.33%
-9.95%
-8.73%
CDNS
1.71%
1.91%
9.16%
4.61%
32.98%
32.58%
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Risk-Adjusted Performance
BB vs. CDNS — Risk-Adjusted Performance Rank
BB
CDNS
BB vs. CDNS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackBerry Limited (BB) 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.
Dividends
BB vs. CDNS - Dividend Comparison
Neither BB nor CDNS has paid dividends to shareholders.
Drawdowns
BB vs. CDNS - Drawdown Comparison
The maximum BB drawdown since its inception was -98.57%, which is greater than CDNS's maximum drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for BB and CDNS. For additional features, visit the drawdowns tool.
Volatility
BB vs. CDNS - Volatility Comparison
BlackBerry Limited (BB) has a higher volatility of 26.95% compared to Cadence Design Systems, Inc. (CDNS) at 6.92%. This indicates that BB's price experiences larger fluctuations and is considered to be riskier than CDNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
BB vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between BlackBerry Limited 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