PC Connection Correlations

CNXN Stock

USD 73.20 0.41 0.56%

The current 90-days correlation between PC Connection and ScanSource is 0.85 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PC Connection moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PC Connection moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PC Connection Correlation With Market

Average diversification

The correlation between PC Connection and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PC Connection and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in PC Connection. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

To learn how to invest in CNXN Stock, please use our How to Invest in PC Connection guide.

Moving together with CNXN Stock

0.91	SCSC	ScanSource Earnings Call This Week	Pair Corr
0.67	CLMB	Climb Global Solutions	Pair Corr
0.72	BL	Blackline	Pair Corr
0.74	DV	DoubleVerify Holdings	Pair Corr
0.61	KE	Kimball Electronics Earnings Call This Week	Pair Corr
0.76	PD	Pagerduty	Pair Corr

Moving against CNXN Stock

0.37	DQ	Daqo New Energy	Pair Corr
0.49	MQ	Marqeta	Pair Corr
0.43	QH	Quhuo	Pair Corr

Related Correlations Analysis

	SCSC	NSIT	SNPO	AVT	SNX	ARW	CLMB
SCSC		-0.41	0.62	0.28	0.34	-0.28	0.82	SCSC
NSIT	-0.41		-0.63	0.38	0.21	0.82	-0.67	NSIT
SNPO	0.62	-0.63		-0.24	0.4	-0.61	0.77	SNPO
AVT	0.28	0.38	-0.24		0.01	0.56	-0.06	AVT
SNX	0.34	0.21	0.4	0.01		-0.13	0.29	SNX
ARW	-0.28	0.82	-0.61	0.56	-0.13		-0.57	ARW
CLMB	0.82	-0.67	0.77	-0.06	0.29	-0.57		CLMB
	SCSC	NSIT	SNPO	AVT	SNX	ARW	CLMB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

CLMB	+ 0.82	SCSC
ARW	+ 0.82	NSIT
CLMB	+ 0.77	SNPO
SNPO	+ 0.62	SCSC
ARW	+ 0.56	AVT
SNX	+ 0.4	SNPO

High negative correlations

CLMB	- 0.67	NSIT
SNPO	- 0.63	NSIT
ARW	- 0.61	SNPO
CLMB	- 0.57	ARW
NSIT	- 0.41	SCSC
ARW	- 0.28	SCSC

Risk-Adjusted Indicators

There is a big difference between CNXN Stock performing well and PC Connection 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 PC Connection'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
SCSC	1.51	0.11	0.04	0.25	1.87	(1.62)	2.89	(3.66)	16.98
NSIT	1.44	(0.33)	0.00	(0.64)	0.00	0.00	2.55	(3.31)	15.91
SNPO	1.98	0.53	0.20	0.61	1.54	(2.61)	3.77	(3.63)	29.77
AVT	1.13	(0.02)	(0.05)	(0.03)	1.55	(1.20)	1.99	(1.94)	11.96
SNX	1.31	0.25	0.12	0.95	1.44	(1.43)	2.68	(2.99)	10.68
ARW	1.27	(0.22)	0.00	(0.38)	0.00	0.00	2.24	(1.83)	13.79
CLMB	2.03	0.33	0.14	0.59	1.94	(2.53)	5.98	(3.38)	19.48

PC Connection Corporate Management

Joan Evans	Senior Resources	Profile
Jay JD	Independent Secretary	Profile
Brian Hicks	Senior Operations	Profile
Scott Sova	Chief Officer	Profile

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

2024 Macroaxis LLC