PC Connection Correlations

CNXN Stock

USD 65.57 0.16 0.24%

The current 90-days correlation between PC Connection and ScanSource is 0.59 (i.e., Very weak 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 0.53 (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 interest.

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

Moving together with CNXN Stock

0.77	INGM	Ingram Micro Holding	Pair Corr
0.66	SCSC	ScanSource	Pair Corr
0.74	S	SentinelOne	Pair Corr
0.71	MI	NFT Limited	Pair Corr
0.7	FARO	FARO Technologies	Pair Corr
0.85	CDW	CDW Corp	Pair Corr
0.71	GFS	Globalfoundries	Pair Corr
0.61	FTNT	Fortinet	Pair Corr
0.69	HPQ	HP Inc	Pair Corr

Moving against CNXN Stock

0.46	CIIT	Tianci International,	Pair Corr
0.31	VIAV	Viavi Solutions	Pair Corr

Related Correlations Analysis

	CLMB	NSIT	SCSC	SNX	CSW	CNOB	CIVB	EQBK	VPG
CLMB		0.51	0.21	0.2	0.22	0.4	0.39	0.48	0.18	CLMB
NSIT	0.51		0.25	0.57	-0.09	0.68	0.47	0.72	0.43	NSIT
SCSC	0.21	0.25		0.85	-0.18	0.61	0.67	0.71	0.89	SCSC
SNX	0.2	0.57	0.85		-0.37	0.77	0.59	0.84	0.87	SNX
CSW	0.22	-0.09	-0.18	-0.37		0.15	0.13	-0.02	-0.15	CSW
CNOB	0.4	0.68	0.61	0.77	0.15		0.65	0.88	0.7	CNOB
CIVB	0.39	0.47	0.67	0.59	0.13	0.65		0.78	0.75	CIVB
EQBK	0.48	0.72	0.71	0.84	-0.02	0.88	0.78		0.79	EQBK
VPG	0.18	0.43	0.89	0.87	-0.15	0.7	0.75	0.79		VPG
	CLMB	NSIT	SCSC	SNX	CSW	CNOB	CIVB	EQBK	VPG

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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

VPG	+ 0.89	SCSC
EQBK	+ 0.88	CNOB
VPG	+ 0.87	SNX
SNX	+ 0.85	SCSC
EQBK	+ 0.84	SNX
VPG	+ 0.79	EQBK

High negative correlations

CSW	- 0.37	SNX
CSW	- 0.18	SCSC
VPG	- 0.15	CSW
CSW	- 0.09	NSIT
EQBK	- 0.02	CSW

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
CLMB	1.63	(0.14)	0.00	(0.10)	0.00	0.00	3.46	(3.75)	9.16
NSIT	1.35	(0.08)	(0.05)	0.04	1.67	(1.26)	2.69	(2.54)	6.77
SCSC	1.30	0.31	0.21	0.53	0.92	(1.53)	3.75	(1.64)	9.57
SNX	1.15	0.37	0.35	0.50	0.54	(1.42)	2.73	(1.63)	8.90
CSW	1.56	(0.23)	0.00	(0.04)	0.00	0.00	3.32	(3.15)	10.03
CNOB	1.37	0.11	0.08	0.22	1.46	(1.46)	3.25	(2.15)	8.06
CIVB	1.73	0.06	0.03	0.18	2.97	(1.76)	3.08	(3.10)	19.40
EQBK	1.22	0.05	0.03	0.19	1.49	(1.40)	2.87	(1.82)	10.15
VPG	2.68	0.27	0.14	0.26	2.53	(2.96)	6.31	(4.53)	24.61

PC Connection Corporate Management

Joan Evans	Senior Resources	Profile
Samantha Smith	Account Manager	Profile
Jay JD	Independent Secretary	Profile
Brian Hicks	Senior Operations	Profile

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