Computacenter PLC Correlations

CCC Stock

3,072 50.00 1.60%

The current 90-days correlation between Computacenter PLC and Fortuna Silver Mines is 0.23 (i.e., Modest diversification). The correlation of Computacenter PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Computacenter PLC Correlation With Market

Poor diversification

The correlation between Computacenter PLC and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Computacenter PLC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Computacenter PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Computacenter PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Computacenter PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Computacenter PLC to buy it.

Moving together with Computacenter Stock

0.84	SMSD	Samsung Electronics	Pair Corr
0.85	BC94	Samsung Electronics	Pair Corr
0.85	SMSN	Samsung Electronics	Pair Corr
0.67	TYT	Toyota Motor Corp Earnings Call Today	Pair Corr
0.69	LGLD	LG ELECTRONICS INC	Pair Corr
0.72	ASLI	abrdn European Logistics	Pair Corr
0.62	AAF	Airtel Africa Plc	Pair Corr
0.73	ABDN	Abrdn PLC	Pair Corr
0.62	MACF	Macfarlane Group PLC	Pair Corr
0.81	ALTN	AltynGold plc	Pair Corr
0.76	BARC	Barclays PLC Earnings Call This Week	Pair Corr
0.78	KOD	Kodal Minerals PLC	Pair Corr
0.82	MAC	Marechale Capital Plc	Pair Corr
0.73	0QYF	Comcast Corp	Pair Corr
0.82	SHIP	Tufton Oceanic Assets	Pair Corr
0.78	0QYM	Fortuna Silver Mines	Pair Corr
0.73	0J5Z	Hormel Foods Corp	Pair Corr
0.64	HDD	Hardide PLC	Pair Corr
0.65	ORCA	Orcadian Energy PLC	Pair Corr
0.72	0RB3	DFDS A/S	Pair Corr
0.77	TGA	Thungela Resources	Pair Corr
0.79	0QPU	Valiant Holding AG	Pair Corr
0.76	GMET	Golden Metal Resources	Pair Corr
0.7	0R0E	General Motors	Pair Corr
0.86	SNR	Senior PLC	Pair Corr
0.72	ROAD	Roadside Real Estate	Pair Corr
0.82	0LY1	WisdomTree Investments	Pair Corr
0.67	MTEC	Made Tech Group	Pair Corr
0.66	BAY	Bay Capital PLC	Pair Corr

Moving against Computacenter Stock

0.75

RIGD

Reliance Industries

Pair Corr

Related Correlations Analysis

	0QYM	AAZ	0JZT	0FGH	RSG	FA17	0J39
0QYM		0.81	0.43	0.34	0.87	-0.8	0.73	0QYM
AAZ	0.81		0.75	0.24	0.92	-0.8	0.73	AAZ
0JZT	0.43	0.75		-0.12	0.57	-0.39	0.58	0JZT
0FGH	0.34	0.24	-0.12		0.27	-0.63	-0.13	0FGH
RSG	0.87	0.92	0.57	0.27		-0.78	0.76	RSG
FA17	-0.8	-0.8	-0.39	-0.63	-0.78		-0.47	FA17
0J39	0.73	0.73	0.58	-0.13	0.76	-0.47		0J39
	0QYM	AAZ	0JZT	0FGH	RSG	FA17	0J39

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RSG	+ 0.92	AAZ
RSG	+ 0.87	0QYM
AAZ	+ 0.81	0QYM
0J39	+ 0.76	RSG
0JZT	+ 0.75	AAZ
0J39	+ 0.73	0QYM

High negative correlations

FA17	- 0.8	AAZ
FA17	- 0.8	0QYM
FA17	- 0.78	RSG
FA17	- 0.63	0FGH
0J39	- 0.47	FA17
FA17	- 0.39	0JZT

Risk-Adjusted Indicators

There is a big difference between Computacenter Stock performing well and Computacenter PLC Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Computacenter PLC's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
0QYM	2.49	0.29	0.07	0.25	3.46	(3.09)	6.63	(7.35)	23.95
AAZ	2.71	0.58	0.17	0.85	2.57	(3.49)	4.76	(4.55)	21.80
0JZT	1.38	0.36	0.00	7.72	0.00	0.00	4.91	0.00	19.05
0FGH	1.31	0.04	0.00	1.12	1.37	(1.66)	3.03	(2.53)	10.27
RSG	2.57	0.56	0.17	0.53	2.87	(3.00)	6.03	(5.43)	18.54
FA17	0.46	(0.14)	0.00	0.34	0.00	0.00	0.00	(2.13)	7.58
0J39	2.75	0.08	0.01	0.12	4.68	(2.45)	5.78	(9.39)	20.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Computacenter PLC without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Bonds Directory Now

Bonds Directory

Find actively traded corporate debentures issued by US companies

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC