GDTC vs SNPS: Correlation
How closely do CytoMed Therapeutics Limited (GDTC) and Synopsys (SNPS) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GDTC and SNPS?
On 3 years of weekly data the GDTC/SNPS correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -751.0 %².
Out of 16 assets tracked against GDTC, SNPS lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with SNPS ahead by 29.8 points (-52.7% versus -22.9%). Note the risk asymmetry: GDTC runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
GDTC vs SNPS: side by side
| GDTC (CytoMed Therapeutics Limited) | SNPS (Synopsys) | |
|---|---|---|
| 1-year return | -52.7% | -22.9% |
| 5-year return | n/a | +39.1% |
| Volatility (ann.) | 75.2% | 42.2% |
| Beta vs S&P 500 | 0.08 | 1.57 |
| Max drawdown (3Y) | -86.1% | -42.3% |
| Market cap | – | $89.1B |
| P/E (trailing) | – | 71.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GDTC | SNPS |
|---|---|---|
| 2022 | – | -13.4% |
| 2023 | – | +61.3% |
| 2024 | -30.6% | -5.7% |
| 2025 | -60.7% | -3.2% |
| 2026 | -28.8% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GDTC and SNPS good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between GDTC and SNPS?
As of 2026-08-27, the correlation of weekly returns between GDTC and SNPS is -0.24 over 3 years, -0.28 over 1 year and n/a over 5 years.
Is SNPS a good diversifier for GDTC?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: GDTC correlations · SNPS correlations
