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 0.36, 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
EXTR vs. CDNS - Performance Comparison
Key characteristics
EXTR:
0.16
CDNS:
0.32
EXTR:
0.51
CDNS:
0.71
EXTR:
1.07
CDNS:
1.09
EXTR:
0.07
CDNS:
0.45
EXTR:
0.29
CDNS:
0.94
EXTR:
22.65%
CDNS:
11.65%
EXTR:
41.73%
CDNS:
34.61%
EXTR:
-99.15%
CDNS:
-93.13%
EXTR:
-86.03%
CDNS:
-6.40%
Fundamentals
EXTR:
$2.29B
CDNS:
$83.81B
EXTR:
-$0.96
CDNS:
$3.80
EXTR:
1.33
CDNS:
3.16
EXTR:
$736.89M
CDNS:
$3.29B
EXTR:
$400.21M
CDNS:
$2.96B
EXTR:
-$86.45M
CDNS:
$1.12B
Returns By Period
In the year-to-date period, EXTR achieves a 3.46% return, which is significantly higher than CDNS's 1.71% return. Over the past 10 years, EXTR has underperformed CDNS with an annualized return of 19.74%, while CDNS has yielded a comparatively higher 32.58% annualized return.
EXTR
3.46%
-2.26%
27.35%
3.22%
16.98%
19.74%
CDNS
1.71%
1.91%
9.16%
4.61%
32.98%
32.58%
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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 8.53% compared to Cadence Design Systems, Inc. (CDNS) at 6.92%. 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