CNXN Short Term Investments vs Net Working Capital Analysis

CNXN Stock  USD 73.17  2.26  3.00%   
PC Connection financial indicator trend analysis is much more than just breaking down PC Connection prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether PC Connection is a good investment. Please check the relationship between PC Connection Short Term Investments and its Net Working Capital accounts. 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.

Short Term Investments vs Net Working Capital

Short Term Investments vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of PC Connection Short Term Investments account and Net Working Capital. At this time, the significance of the direction appears to have strong relationship.
The correlation between PC Connection's Short Term Investments and Net Working Capital is 0.65. Overlapping area represents the amount of variation of Short Term Investments that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of PC Connection, assuming nothing else is changed. The correlation between historical values of PC Connection's Short Term Investments and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Investments of PC Connection are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Short Term Investments i.e., PC Connection's Short Term Investments and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.65
Relationship DirectionPositive 
Relationship StrengthSignificant

Short Term Investments

Short Term Investments is an item under the current assets section of PC Connection balance sheet. It contains any investments PC Connection undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that PC Connection can easily liquidate in the marketplace.

Net Working Capital

Most indicators from PC Connection's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into PC Connection current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At this time, PC Connection's Selling General Administrative is very stable compared to the past year. As of the 1st of October 2024, Enterprise Value is likely to grow to about 1.5 B, while Tax Provision is likely to drop about 21.8 M.
 2021 2022 2023 2024 (projected)
Gross Profit464.6M526.2M499.1M296.8M
Total Revenue2.9B3.1B2.9B2.2B

PC Connection fundamental ratios Correlations

-0.540.60.830.990.8-0.930.990.840.940.810.230.810.830.620.70.710.79-0.210.830.881.0-0.630.78-0.110.74
-0.54-0.68-0.48-0.54-0.390.57-0.48-0.53-0.45-0.58-0.13-0.36-0.55-0.81-0.48-0.28-0.41-0.49-0.49-0.38-0.530.96-0.840.38-0.88
0.6-0.680.750.560.64-0.610.510.780.50.780.140.310.770.560.740.460.540.230.760.370.57-0.740.81-0.040.79
0.83-0.480.750.780.95-0.730.770.990.70.94-0.030.430.980.350.840.840.8-0.311.00.560.81-0.540.680.090.65
0.99-0.540.560.780.76-0.941.00.80.950.770.240.850.790.630.660.680.78-0.190.780.91.0-0.630.79-0.150.74
0.8-0.390.640.950.76-0.70.760.940.690.93-0.110.390.940.280.850.810.79-0.410.960.550.78-0.470.590.140.58
-0.930.57-0.61-0.73-0.94-0.7-0.93-0.75-0.98-0.72-0.23-0.84-0.75-0.63-0.68-0.64-0.690.12-0.74-0.83-0.940.67-0.820.3-0.76
0.99-0.480.510.771.00.76-0.930.790.960.750.240.860.780.570.630.690.79-0.270.770.920.99-0.560.74-0.140.67
0.84-0.530.780.990.80.94-0.750.790.710.960.030.460.990.40.850.80.8-0.250.990.580.82-0.60.740.090.7
0.94-0.450.50.70.950.69-0.980.960.710.650.250.890.70.540.630.650.7-0.260.70.890.95-0.540.72-0.280.65
0.81-0.580.780.940.770.93-0.720.750.960.65-0.020.390.970.490.840.710.75-0.130.940.530.78-0.670.760.20.77
0.23-0.130.14-0.030.24-0.11-0.230.240.030.25-0.020.56-0.080.320.03-0.390.10.13-0.030.540.24-0.130.32-0.070.15
0.81-0.360.310.430.850.39-0.840.860.460.890.390.560.420.510.370.320.61-0.180.430.970.83-0.40.65-0.330.48
0.83-0.550.770.980.790.94-0.750.780.990.70.97-0.080.420.40.860.810.82-0.210.980.550.81-0.630.750.070.72
0.62-0.810.560.350.630.28-0.630.570.40.540.490.320.510.40.40.170.30.560.350.520.61-0.880.77-0.270.9
0.7-0.480.740.840.660.85-0.680.630.850.630.840.030.370.860.40.580.66-0.090.870.480.68-0.610.69-0.090.69
0.71-0.280.460.840.680.81-0.640.690.80.650.71-0.390.320.810.170.580.63-0.430.830.390.71-0.330.4-0.020.44
0.79-0.410.540.80.780.79-0.690.790.80.70.750.10.610.820.30.660.63-0.420.80.720.79-0.420.68-0.070.52
-0.21-0.490.23-0.31-0.19-0.410.12-0.27-0.25-0.26-0.130.13-0.18-0.210.56-0.09-0.43-0.42-0.29-0.26-0.22-0.510.27-0.250.42
0.83-0.490.761.00.780.96-0.740.770.990.70.94-0.030.430.980.350.870.830.8-0.290.560.81-0.560.690.080.66
0.88-0.380.370.560.90.55-0.830.920.580.890.530.540.970.550.520.480.390.72-0.260.560.9-0.420.67-0.190.52
1.0-0.530.570.811.00.78-0.940.990.820.950.780.240.830.810.610.680.710.79-0.220.810.9-0.610.77-0.150.72
-0.630.96-0.74-0.54-0.63-0.470.67-0.56-0.6-0.54-0.67-0.13-0.4-0.63-0.88-0.61-0.33-0.42-0.51-0.56-0.42-0.61-0.890.32-0.97
0.78-0.840.810.680.790.59-0.820.740.740.720.760.320.650.750.770.690.40.680.270.690.670.77-0.89-0.290.92
-0.110.38-0.040.09-0.150.140.3-0.140.09-0.280.2-0.07-0.330.07-0.27-0.09-0.02-0.07-0.250.08-0.19-0.150.32-0.29-0.24
0.74-0.880.790.650.740.58-0.760.670.70.650.770.150.480.720.90.690.440.520.420.660.520.72-0.970.92-0.24
Click cells to compare fundamentals

PC Connection Account Relationship Matchups

PC Connection fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets937.3M1.0B1.1B1.1B1.2B1.3B
Other Current Liab55.1M43.0M56.7M42.1M58.3M36.5M
Total Current Liabilities308.9M342.3M375.4M310.5M328.0M203.9M
Total Stockholder Equity597.3M636.3M682.5M766.2M840.8M882.8M
Property Plant And Equipment Net78.1M74.4M70.6M66.7M61.0M36.8M
Net Debt(79.7M)(86.0M)(101.5M)(114.8M)(140.0M)(133.0M)
Retained Earnings514.7M562.1M605.8M686.0M760.9M798.9M
Accounts Payable235.6M266.8M281.8M232.6M263.7M157.9M
Cash90.1M95.7M108.3M122.9M145.0M152.2M
Non Current Assets Total160.9M156.4M151.0M146.0M148.4M96.3M
Non Currrent Assets Other947K1.3M910K(16.9M)14.1M14.8M
Cash And Short Term Investments90.1M95.7M108.3M122.9M297.2M312.0M
Net Receivables551.0M610.1M608.3M610.3M611.2M319.3M
Common Stock Shares Outstanding26.5M26.3M26.4M26.4M26.4M29.0M
Liabilities And Stockholders Equity937.3M1.0B1.1B1.1B1.2B1.3B
Non Current Liabilities Total31.1M36.8M26.3M23.1M28.3M17.9M
Inventory124.7M140.9M206.6M208.7M124.2M101.0M
Other Current Assets10.7M12.4M10.0M11.9M16.1M8.4M
Other Stockholder Equity82.3M74.0M76.4M79.8M79.5M130.3M
Total Liab340.0M379.0M401.7M333.7M356.2M221.8M
Property Plant And Equipment Gross78.1M74.4M70.6M66.7M143.1M150.2M
Total Current Assets776.4M859.0M933.2M953.8M1.0B1.1B
Intangible Assets8.3M7.1M5.9M4.6M3.4M3.3M
Other Liab20.8M27.2M19.5M18.1M20.9M12.1M
Other Assets947K1.3M910K1.1M1.00.95
Property Plant Equipment64.2M74.4M70.6M59.2M68.0M36.6M
Current Deferred Revenue13.9M28.4M33.4M32.6M4.2M4.0M
Net Tangible Assets515.4M555.6M603.0M687.9M791.1M450.0M
Retained Earnings Total Equity514.7M562.1M605.8M686.0M788.9M431.8M
Capital Surpluse118.0M119.9M122.4M125.8M144.7M123.7M
Deferred Long Term Liab20.2M18.5M19.3M18.0M20.7M18.8M

Pair Trading with PC Connection

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if PC Connection position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in PC Connection will appreciate offsetting losses from the drop in the long position's value.

Moving together with CNXN Stock

  0.8ARW Arrow ElectronicsPairCorr
  0.8IZM ICZOOM Group ClassPairCorr

Moving against CNXN Stock

  0.61KD Kyndryl HoldingsPairCorr
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.
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 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. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for PC Connection can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Information and Resources on Investing in CNXN Stock

When determining whether PC Connection offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of PC Connection's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Pc Connection Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Pc Connection 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.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of PC Connection. If investors know CNXN will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about PC Connection listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.32
Dividend Share
0.36
Earnings Share
3.35
Revenue Per Share
104.793
Quarterly Revenue Growth
0.004
The market value of PC Connection is measured differently than its book value, which is the value of CNXN that is recorded on the company's balance sheet. Investors also form their own opinion of PC Connection's value that differs from its market value or its book value, called intrinsic value, which is PC Connection's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because PC Connection's market value can be influenced by many factors that don't directly affect PC Connection's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between PC Connection's value and its price as these two are different measures arrived at by different means. Investors typically determine if PC Connection is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PC Connection's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.