PC Connection Inc (CNXN) Correlation Distribution
Across 6,809 rolling correlation observations between PC Connection Inc (CNXN) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.074, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.4% and strong negative correlations (≤−0.7) for 5.7%.
- Total observations
- 6,809
- Mean correlation
- -0.074
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 12.4%
- Sector
- Retail-Catalog & Mail-Order Houses
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 193 | 2.8% | |
| -0.8 to -0.7 | 192 | 2.8% | |
| -0.7 to -0.6 | 636 | 9.3% | |
| -0.6 to -0.5 | 635 | 9.3% | |
| -0.5 to -0.4 | 749 | 11.0% | |
| -0.4 to -0.3 | 748 | 11.0% | |
| -0.3 to -0.2 | 369 | 5.4% | |
| -0.2 to -0.1 | 369 | 5.4% | |
| -0.1 to 0.0 | 282 | 4.1% | |
| 0.0 to 0.1 | 282 | 4.1% | |
| 0.1 to 0.2 | 217 | 3.2% | |
| 0.2 to 0.3 | 216 | 3.2% | |
| 0.3 to 0.4 | 241 | 3.5% | |
| 0.4 to 0.5 | 240 | 3.5% | |
| 0.5 to 0.6 | 295 | 4.3% | |
| 0.6 to 0.7 | 295 | 4.3% | |
| 0.7 to 0.8 | 411 | 6.0% | |
| 0.8 to 0.9 | 410 | 6.0% | |
| 0.9 to 1.0 | 26 | 0.4% |
Frequently asked questions
What is the average correlation of CNXN?
PC Connection Inc (CNXN) has an average correlation of about -0.074 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CNXN positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 12.4%.
What is the most common correlation range for CNXN?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 25.5% of all pairs.
Explore the full interactive correlation distribution for CNXN.
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