EXTR vs. CDNS
Compare and contrast key facts about Extreme Networks, Inc. (EXTR) and Cadence Design Systems, Inc. (CDNS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EXTR or CDNS.
Correlation
The correlation between EXTR and CDNS is 0.48, 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.
Performance
EXTR vs. CDNS - Performance Comparison
Key characteristics
EXTR:
0.29
CDNS:
0.07
EXTR:
0.74
CDNS:
0.39
EXTR:
1.09
CDNS:
1.05
EXTR:
0.14
CDNS:
0.10
EXTR:
0.95
CDNS:
0.19
EXTR:
13.34%
CDNS:
14.54%
EXTR:
43.92%
CDNS:
41.29%
EXTR:
-99.15%
CDNS:
-93.13%
EXTR:
-89.93%
CDNS:
-11.29%
Fundamentals
EXTR:
$1.64B
CDNS:
$77.30B
EXTR:
-$0.93
CDNS:
$3.85
EXTR:
0.68
CDNS:
2.80
EXTR:
1.61
CDNS:
16.65
EXTR:
30.59
CDNS:
15.58
EXTR:
$805.21M
CDNS:
$3.63B
EXTR:
$458.74M
CDNS:
$3.37B
EXTR:
-$21.32M
CDNS:
$1.28B
Returns By Period
In the year-to-date period, EXTR achieves a -25.39% return, which is significantly lower than CDNS's -3.60% return. Over the past 10 years, EXTR has underperformed CDNS with an annualized return of 16.81%, while CDNS has yielded a comparatively higher 31.11% annualized return.
EXTR
-25.39%
-16.23%
-12.96%
10.24%
32.49%
16.81%
CDNS
-3.60%
9.95%
12.57%
4.53%
29.26%
31.11%
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Risk-Adjusted Performance
EXTR vs. CDNS — Risk-Adjusted Performance Rank
EXTR
CDNS
EXTR vs. CDNS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Extreme Networks, Inc. (EXTR) 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
EXTR vs. CDNS - Dividend Comparison
Neither EXTR nor CDNS has paid dividends to shareholders.
Drawdowns
EXTR vs. CDNS - Drawdown Comparison
The maximum EXTR drawdown since its inception was -99.15%, which is greater than CDNS's maximum drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for EXTR and CDNS. For additional features, visit the drawdowns tool.
Volatility
EXTR vs. CDNS - Volatility Comparison
Extreme Networks, Inc. (EXTR) has a higher volatility of 24.08% compared to Cadence Design Systems, Inc. (CDNS) at 19.67%. This indicates that EXTR'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
EXTR vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Extreme Networks, 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