CNXN vs CPF: Correlation
PC Connection, Inc. (CNXN) and Central Pacific Financial Corp New (CPF) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNXN and CPF?
Over the past 3 years, CNXN and CPF moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 412.3 %².
In CNXN's tracked universe of 12 assets, CPF sits right near the top at #1. Their 12-month results are close: +26.2% for CNXN against +24.4% for CPF.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CNXN vs CPF: side by side
| CNXN (PC Connection, Inc.) | CPF (Central Pacific Financial Corp New) | |
|---|---|---|
| 1-year return | +26.2% | +24.4% |
| 5-year return | +75.2% | +85.5% |
| Volatility (ann.) | 27.3% | 26.5% |
| Beta vs S&P 500 | 0.86 | 0.84 |
| Max drawdown (3Y) | -26.3% | -25.2% |
| Market cap | $2.0B | $1.0B |
| P/E (trailing) | 21.0 | 12.2 |
| Dividend yield | 0.88% | 2.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNXN | CPF |
|---|---|---|
| 2022 | +9.4% | -24.7% |
| 2023 | +44.3% | +2.9% |
| 2024 | +3.7% | +54.3% |
| 2025 | -15.8% | +11.3% |
| 2026 | +40.7% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNXN and CPF good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CNXN and CPF?
As of 2026-08-27, the correlation of weekly returns between CNXN and CPF is 0.57 over 3 years, 0.61 over 1 year and 0.44 over 5 years.
Is CPF a good diversifier for CNXN?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnxn-vs-cpf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cnxn-vs-cpf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNXN correlations · CPF correlations
