PC Connection Correlations

CNXN Stock

USD 60.95 0.06 0.1%

The current 90-days correlation between PC Connection and ADEIA P is 0.14 (i.e., Average 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

Very weak diversification

The correlation between PC Connection and DJI is 0.49 (i.e., Very weak 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.

Build AI portfolio with CNXN Stock

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 small area income & poverty estimates.

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

Moving together with CNXN Stock

0.62	KN	Knowles Cor	Pair Corr
0.61	PJJ1	CHINA DISPLAY OTHHD	Pair Corr
0.7	VNI	Avnet Inc	Pair Corr
0.67	BRV	Brady	Pair Corr

Moving against CNXN Stock

0.68	KE	Kimball Electronics	Pair Corr
0.66	EBON	Ebang International	Pair Corr
0.54	EVLV	Evolv Technologies	Pair Corr
0.52	EHGO	Eshallgo Class A	Pair Corr
0.38	OTK	Otsuka	Pair Corr
0.64	SC3	ScanSource	Pair Corr
0.58	WRAP	Wrap Technologies	Pair Corr
0.5	GEG	GEO Group	Pair Corr

Related Correlations Analysis

	ADEA	PLAB	PLTK	VYX	HIMX	KDK	ALIT	PRCH	KARO	SCSC
ADEA		0.73	-0.76	-0.14	-0.1	0.61	-0.79	-0.61	0.32	-0.41	ADEA
PLAB	0.73		-0.55	-0.22	0.08	0.63	-0.68	-0.51	0.46	-0.38	PLAB
PLTK	-0.76	-0.55		0.46	0.5	-0.15	0.9	0.74	-0.2	0.52	PLTK
VYX	-0.14	-0.22	0.46		0.43	0.33	0.53	0.42	-0.09	0.52	VYX
HIMX	-0.1	0.08	0.5	0.43		0.27	0.36	0.38	0.18	0.39	HIMX
KDK	0.61	0.63	-0.15	0.33	0.27		-0.23	-0.22	0.26	-0.06	KDK
ALIT	-0.79	-0.68	0.9	0.53	0.36	-0.23		0.68	-0.2	0.59	ALIT
PRCH	-0.61	-0.51	0.74	0.42	0.38	-0.22	0.68		-0.5	0.35	PRCH
KARO	0.32	0.46	-0.2	-0.09	0.18	0.26	-0.2	-0.5		-0.02	KARO
SCSC	-0.41	-0.38	0.52	0.52	0.39	-0.06	0.59	0.35	-0.02		SCSC
	ADEA	PLAB	PLTK	VYX	HIMX	KDK	ALIT	PRCH	KARO	SCSC

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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

ALIT	+ 0.9	PLTK
PRCH	+ 0.74	PLTK
PLAB	+ 0.73	ADEA
PRCH	+ 0.68	ALIT
KDK	+ 0.63	PLAB
KDK	+ 0.61	ADEA

High negative correlations

ALIT	- 0.79	ADEA
PLTK	- 0.76	ADEA
ALIT	- 0.68	PLAB
PRCH	- 0.61	ADEA
PLTK	- 0.55	PLAB
PRCH	- 0.51	PLAB

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
ADEA	2.39	0.74	0.38	0.43	1.53	(2.91)	5.63	(2.96)	36.55
PLAB	3.78	0.77	0.25	0.29	3.37	(4.64)	8.29	(6.50)	56.66
PLTK	2.05	(0.34)	0.00	(0.17)	0.00	0.00	3.69	(5.54)	14.32
VYX	2.36	(0.55)	0.00	(0.15)	0.00	0.00	4.01	(7.28)	14.53
HIMX	2.00	(0.05)	(0.01)	0.04	2.48	(2.05)	4.22	(3.90)	16.27
KDK	3.29	0.50	0.13	71.91	3.05	(4.10)	8.29	(6.08)	20.14
ALIT	3.44	(1.16)	0.00	(0.47)	0.00	0.00	5.88	(5.96)	45.35
PRCH	3.01	(0.27)	0.00	(0.04)	0.00	0.00	5.96	(6.71)	20.87
KARO	1.78	0.09	0.04	0.16	1.94	(1.96)	4.32	(3.61)	13.23
SCSC	1.71	(0.23)	0.00	(0.04)	0.00	0.00	2.79	(3.87)	22.44

PC Connection Corporate Management

Joan Evans	Senior Resources	Profile
Samantha Smith	Account Manager	Profile
Tom Dion	Senior Group	Profile
Mariano X	Senior Services	Profile

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