NINOY vs. CDNS
NINOY (Nikon Corp) and CDNS (Cadence Design Systems, Inc.) are both stocks. NINOY operates in Leisure (Consumer Cyclical), while CDNS operates in Software - Application (Technology). Over the past 10 years, NINOY returned -0.94%/yr vs 32.37%/yr for CDNS. At a 0.17 correlation, their price movements are largely independent.
Performance
NINOY vs. CDNS - Performance Comparison
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Returns By Period
In the year-to-date period, NINOY achieves a 10.43% return, which is significantly lower than CDNS's 30.53% return. Over the past 10 years, NINOY has underperformed CDNS with an annualized return of -0.94%, while CDNS has yielded a comparatively higher 32.37% annualized return.
NINOY
- 1D
- 7.81%
- 1M
- 11.76%
- YTD
- 10.43%
- 6M
- 6.93%
- 1Y
- 24.12%
- 3Y*
- 4.40%
- 5Y*
- 3.18%
- 10Y*
- -0.94%
CDNS
- 1D
- -2.01%
- 1M
- 16.73%
- YTD
- 30.53%
- 6M
- 21.39%
- 1Y
- 39.09%
- 3Y*
- 21.11%
- 5Y*
- 26.34%
- 10Y*
- 32.37%
NINOY vs. CDNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NINOY Nikon Corp | 10.43% | 9.37% | 7.64% | 11.14% | -17.77% | 71.73% | -48.65% | -18.02% | -26.17% | 29.85% |
CDNS Cadence Design Systems, Inc. | 30.53% | 4.03% | 10.31% | 69.55% | -13.80% | 36.59% | 96.70% | 59.52% | 3.97% | 65.82% |
Correlation
The correlation between NINOY and CDNS is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2007 | 0.17 |
Fundamentals
NINOY:
$4.02B
CDNS:
$111.68B
NINOY:
-$267.25
CDNS:
$4.28
NINOY:
0.01
CDNS:
20.17
NINOY:
0.01
CDNS:
12.80
NINOY:
$529.47B
CDNS:
$5.53B
NINOY:
$281.04B
CDNS:
$4.91B
NINOY:
-$55.25B
CDNS:
$1.87B
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Return for Risk
NINOY vs. CDNS — Risk / Return Rank
NINOY
CDNS
NINOY vs. CDNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nikon Corp (NINOY) 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.
| NINOY | CDNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.21 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.36 | -0.25 |
| Martin ratioReturn relative to average drawdown | 2.86 | 2.89 | -0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NINOY | CDNS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 1.04 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.74 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.96 | -0.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | 0.24 | -0.61 |
Drawdowns
NINOY vs. CDNS - Drawdown Comparison
The maximum NINOY drawdown since its inception was -98.33%, which is greater than CDNS's maximum drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for NINOY and CDNS.
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Drawdown Indicators
| NINOY | CDNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.33% | -93.13% | -5.20% |
Max Drawdown (1Y)Largest decline over 1 year | -21.88% | -28.85% | +6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -33.32% | -29.05% | -4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -33.32% | -29.59% | -3.73% |
Max Drawdown (10Y)Largest decline over 10 years | -72.10% | -32.12% | -39.98% |
Current DrawdownCurrent decline from peak | -96.35% | -2.01% | -94.34% |
Average DrawdownAverage peak-to-trough decline | -79.55% | -39.65% | -39.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.45% | 13.58% | -5.13% |
Volatility
NINOY vs. CDNS - Volatility Comparison
Nikon Corp (NINOY) has a higher volatility of 24.84% compared to Cadence Design Systems, Inc. (CDNS) at 12.68%. This indicates that NINOY'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.
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Volatility by Period
| NINOY | CDNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.84% | 12.68% | +12.16% |
Volatility (6M)Calculated over the trailing 6-month period | 38.02% | 30.56% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.78% | 37.65% | +14.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.63% | 35.94% | +5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.83% | 33.97% | +2.86% |
Dividends
NINOY vs. CDNS - Dividend Comparison
Neither NINOY nor CDNS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CDNS Cadence Design Systems, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NINOY Nikon Corp | 0.00% | 1.55% | 1.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.30% |
Financials
NINOY vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Nikon Corp 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
NINOY vs. CDNS - Profitability Comparison
NINOY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nikon Corp reported a gross profit of 79.64B and revenue of 196.81B. Therefore, the gross margin over that period was 40.5%.
CDNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported a gross profit of 1.41B and revenue of 1.47B. Therefore, the gross margin over that period was 95.9%.
NINOY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nikon Corp reported an operating income of 1.11B and revenue of 196.81B, resulting in an operating margin of 0.6%.
CDNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported an operating income of 431.33M and revenue of 1.47B, resulting in an operating margin of 29.3%.
NINOY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nikon Corp reported a net income of 1.15B and revenue of 196.81B, resulting in a net margin of 0.6%.
CDNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cadence Design Systems, Inc. reported a net income of 335.66M and revenue of 1.47B, resulting in a net margin of 22.8%.
Frequently Asked Questions
NINOY and CDNS have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NINOY has higher volatility (24.84%) compared to CDNS (12.68%). In terms of maximum drawdown, NINOY dropped -98.33% vs CDNS's -93.13%.
CDNS currently has the higher Sharpe Ratio (1.04 vs 0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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