VERA vs. CDNS
Compare and contrast key facts about Vera Therapeutics, Inc. (VERA) and Cadence Design Systems, Inc. (CDNS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VERA or CDNS.
Correlation
The correlation between VERA and CDNS is 0.19, 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
VERA vs. CDNS - Performance Comparison
Key characteristics
VERA:
-0.61
CDNS:
0.01
VERA:
-0.65
CDNS:
0.27
VERA:
0.92
CDNS:
1.03
VERA:
-0.81
CDNS:
0.01
VERA:
-1.85
CDNS:
0.02
VERA:
19.65%
CDNS:
11.81%
VERA:
59.77%
CDNS:
35.78%
VERA:
-84.89%
CDNS:
-93.13%
VERA:
-44.80%
CDNS:
-9.59%
Fundamentals
VERA:
$2.16B
CDNS:
$81.23B
VERA:
-$2.10
CDNS:
$3.78
VERA:
$0.00
CDNS:
$3.29B
VERA:
$952.00K
CDNS:
$2.96B
VERA:
-$103.90M
CDNS:
$1.12B
Returns By Period
In the year-to-date period, VERA achieves a -35.07% return, which is significantly lower than CDNS's -1.75% return.
VERA
-35.07%
-17.71%
-27.03%
-40.25%
N/A
N/A
CDNS
-1.75%
-3.41%
4.69%
1.68%
29.97%
32.03%
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Risk-Adjusted Performance
VERA vs. CDNS — Risk-Adjusted Performance Rank
VERA
CDNS
VERA vs. CDNS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vera Therapeutics, Inc. (VERA) 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
VERA vs. CDNS - Dividend Comparison
Neither VERA nor CDNS has paid dividends to shareholders.
Drawdowns
VERA vs. CDNS - Drawdown Comparison
The maximum VERA drawdown since its inception was -84.89%, smaller than the maximum CDNS drawdown of -93.13%. Use the drawdown chart below to compare losses from any high point for VERA and CDNS. For additional features, visit the drawdowns tool.
Volatility
VERA vs. CDNS - Volatility Comparison
Vera Therapeutics, Inc. (VERA) has a higher volatility of 24.85% compared to Cadence Design Systems, Inc. (CDNS) at 13.29%. This indicates that VERA'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
VERA vs. CDNS - Financials Comparison
This section allows you to compare key financial metrics between Vera Therapeutics, 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