PC Connection Correlations
| CNXN Stock | USD 67.28 0.31 0.46% |
The current 90-days correlation between PC Connection and National Vision Holdings is 0.46 (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
Poor diversification
The correlation between PC Connection and DJI is 0.63 (i.e., Poor 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.
Moving together with CNXN Stock
| 0.75 | ARW | Arrow Electronics | PairCorr |
| 0.67 | AVT | Avnet Inc | PairCorr |
| 0.7 | IZM | ICZOOM Group Class | PairCorr |
| 0.71 | SNX | Synnex | PairCorr |
| 0.75 | SCSC | ScanSource | PairCorr |
| 0.77 | S | SentinelOne | PairCorr |
| 0.64 | DIOD | Diodes Incorporated | PairCorr |
| 0.64 | AI | C3 Ai Inc Sell-off Trend | PairCorr |
| 0.62 | BB | BlackBerry | PairCorr |
| 0.7 | BL | Blackline | PairCorr |
| 0.68 | DT | Dynatrace Holdings LLC | PairCorr |
| 0.68 | DV | DoubleVerify Holdings | PairCorr |
| 0.72 | IT | Gartner | PairCorr |
| 0.75 | KD | Kyndryl Holdings | PairCorr |
| 0.71 | KE | Kimball Electronics | PairCorr |
| 0.76 | KN | Knowles Cor | PairCorr |
| 0.81 | MI | NFT Limited | PairCorr |
| 0.84 | PI | Impinj Inc | PairCorr |
| 0.83 | UI | Ubiquiti Networks | PairCorr |
Moving against CNXN Stock
| 0.62 | CIIT | Tianci International, | PairCorr |
| 0.57 | FI | Fiserv, | PairCorr |
| 0.58 | QH | Quhuo | PairCorr |
| 0.51 | VERI | Veritone | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NOW | 1.84 | 0.30 | 0.15 | 0.31 | 1.99 | 3.63 | 18.66 | |||
| TMCI | 2.54 | (0.51) | 0.00 | (0.47) | 0.00 | 4.37 | 14.27 | |||
| EYE | 2.32 | 0.88 | 0.27 | 0.77 | 2.13 | 6.97 | 20.87 | |||
| ALNT | 2.35 | 0.81 | 0.34 | 0.91 | 1.73 | 5.03 | 24.56 | |||
| AMKR | 2.54 | 0.18 | 0.07 | 0.19 | 3.79 | 4.22 | 31.52 | |||
| XYLO | 2.45 | 0.01 | (0.01) | 0.13 | 2.85 | 6.34 | 19.25 | |||
| ANRO | 3.95 | 0.22 | 0.03 | 0.53 | 4.90 | 10.45 | 36.06 | |||
| VALN | 2.36 | (0.30) | 0.00 | (0.12) | 0.00 | 4.35 | 18.89 |
PC Connection Corporate Management
| Joan Evans | Senior Resources | Profile | |
| Samantha Smith | Account Manager | Profile | |
| Jay JD | Independent Secretary | Profile | |
| Brian Hicks | Senior Operations | Profile |