PC Connection Correlations

Stocks . Germany . 
Stock . PC Connection
PCC Stock  EUR 54.50  2.00  3.54%   
The current 90-days correlation between PC Connection and STRAYER EDUCATION is 0.33 (i.e., Weak diversification). The correlation of PC Connection 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.

PC Connection Correlation With Market

PCCDowDiversified AwayPCCDowDiversified Away100%

Modest diversification

The correlation between PC Connection and DJI is 0.29 (i.e., Modest 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.
  
The ability to find closely correlated positions to PC Connection could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PC Connection 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 PC Connection - 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 PC Connection to buy it.

Moving together with PCC Stock

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  0.82PYA Wayside TechnologyPairCorr
  0.88FEV FORTEC ElektronikPairCorr
  0.6174F LIFE BANC SPLITPairCorr

Moving against PCC Stock

  0.9PKY1 Polski Koncern NaftowyPairCorr
  0.849EE ZINZINO AB BPairCorr
  0.82EP4A Esprinet SpAPairCorr
  0.72HBC2 HSBC Holdings plcPairCorr
  0.64WIC WEC Energy GroupPairCorr
  0.59FJZ Zijin Mining GroupPairCorr
  0.57XTP Sino AGPairCorr
  0.59Y2 LABOCANNA SA ZYPairCorr
  0.87XCA CREDIT AGRICOLEPairCorr
  0.84VVD Veolia EnvironnementPairCorr
  0.84NNN1 Tencent HoldingsPairCorr
  0.76FCC0 FORMDE CY CADRPairCorr
  0.7454M Motorcar PartsPairCorr
  0.7ITB Imperial Brands PLCPairCorr
  0.66AS7 ANTA Sports ProductsPairCorr
  0.654IV INVITATION HOMESPairCorr
  0.64TQI TELECOM ITALIAPairCorr
  0.63M6Q Metso Outotec OyjPairCorr
  0.52FXMA Bradespar SAPairCorr
  0.5CM5R Troilus Gold CorpPairCorr
  0.45CTNK Centrotherm InternationalPairCorr
  0.41NTOA NintendoPairCorr
  0.829P7 EMBELLENCE GROUPPairCorr
  0.784I1 Philip Morris InternPairCorr
  0.74ASG Assicurazioni GeneraliPairCorr
  0.73MBB MBB SEPairCorr
  0.72KMY Kimberly ClarkPairCorr
  0.66RHO6 Roche HoldingPairCorr

Related Correlations Analysis

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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   
BJI
+ 0.96
BJI
CC3
+ 0.75
20Y
DVY
+ 0.7
SQE
51A
+ 0.48
DVY
CC3
+ 0.48
DVY
51A
+ 0.37
SQE
  
High negative correlations   
BJI
- 0.66
SQE
SQE
- 0.65
BJI
DVY
- 0.3
BJI
DVY
- 0.24
BJI
51A
- 0.17
BJI
51A
- 0.15
BJI

Risk-Adjusted Indicators

There is a big difference between PCC 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in PC Connection 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.

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PC Connection Corporate Management

Elected by the shareholders, the PC Connection's board of directors comprises two types of representatives: PC Connection inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PCC. The board's role is to monitor PC Connection's management team and ensure that shareholders' interests are well served. PC Connection's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PC Connection's outside directors are responsible for providing unbiased perspectives on the board's policies.
Larry KirschPres GroupProfile
Patricia GallupChair CoFounderProfile
Cameron KellyVP OfficerProfile
Joan EvansVP HRProfile
Eric KeatingVP LifecycleProfile
Rick GilliganPres GroupProfile
Thomas BakerCFO VPProfile
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