CCC Intelligent Correlations

CCCS Stock

USD 9.00 0.05 0.55%

The current 90-days correlation between CCC Intelligent Solutions and CSG Systems International is 0.21 (i.e., Modest diversification). The correlation of CCC Intelligent 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

CCC Intelligent Correlation With Market

Weak diversification

The correlation between CCC Intelligent Solutions and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CCC Intelligent Solutions and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CCC Intelligent Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with CCC Stock

0.79	DJCO	Daily Journal Corp	Pair Corr
0.95	AI	C3 Ai Inc	Pair Corr
0.82	BL	Blackline	Pair Corr
0.66	DV	DoubleVerify Holdings	Pair Corr
0.9	EB	Eventbrite Class A	Pair Corr
0.82	WK	Workiva	Pair Corr
0.72	ZM	Zoom Video Communications Sell-off Trend	Pair Corr
0.82	DOCU	DocuSign	Pair Corr
0.86	VERX	Vertex	Pair Corr
0.75	VERB	Verb Technology Tech Boost	Pair Corr
0.85	DSGX	Descartes Systems	Pair Corr
0.85	VMEO	Vimeo Inc	Pair Corr
0.7	VTEX	VTEX	Pair Corr
0.72	EGAN	eGain	Pair Corr
0.67	EGHT	8x8 Common Stock	Pair Corr
0.81	ELWS	Earlyworks Co,	Pair Corr
0.9	WBTN	WEBTOON Entertainment	Pair Corr
0.78	WFCF	Where Food Comes	Pair Corr
0.85	ETWO	E2open Parent Holdings	Pair Corr
0.7	FICO	Fair Isaac	Pair Corr
0.91	ANY	Sphere 3D Corp	Pair Corr

Moving against CCC Stock

0.73	KC	Kingsoft Cloud Holdings	Pair Corr
0.63	VCSA	Vacasa Inc	Pair Corr
0.41	DOMO	Domo Inc	Pair Corr
0.37	ML	MoneyLion	Pair Corr
0.36	QH	Quhuo	Pair Corr
0.33	ZI	ZoomInfo Technologies	Pair Corr
0.56	ENFN	Enfusion	Pair Corr
0.41	FROG	Jfrog	Pair Corr
0.4	API	Agora Inc Downward Rally	Pair Corr

Related Correlations Analysis

	CSGS	CCSI	STER	SCWX	EVTC	ESMT	BASE	FLYW	IIIV	GB
CSGS		0.48	0.0	0.77	0.31	0.0	0.42	-0.5	0.71	-0.01	CSGS
CCSI	0.48		0.0	0.54	-0.43	0.0	0.8	0.31	0.75	-0.24	CCSI
STER	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	STER
SCWX	0.77	0.54	0.0		0.18	0.0	0.25	-0.45	0.54	0.05	SCWX
EVTC	0.31	-0.43	0.0	0.18		0.0	-0.44	-0.77	-0.14	0.13	EVTC
ESMT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ESMT
BASE	0.42	0.8	0.0	0.25	-0.44	0.0		0.37	0.75	-0.2	BASE
FLYW	-0.5	0.31	0.0	-0.45	-0.77	0.0	0.37		0.07	-0.44	FLYW
IIIV	0.71	0.75	0.0	0.54	-0.14	0.0	0.75	0.07		-0.14	IIIV
GB	-0.01	-0.24	0.0	0.05	0.13	0.0	-0.2	-0.44	-0.14		GB
	CSGS	CCSI	STER	SCWX	EVTC	ESMT	BASE	FLYW	IIIV	GB

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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

BASE	+ 0.8	CCSI
SCWX	+ 0.77	CSGS
IIIV	+ 0.75	CCSI
IIIV	+ 0.75	BASE
IIIV	+ 0.71	CSGS
SCWX	+ 0.54	CCSI

High negative correlations

FLYW	- 0.77	EVTC
FLYW	- 0.5	CSGS
FLYW	- 0.45	SCWX
GB	- 0.44	FLYW
BASE	- 0.44	EVTC
EVTC	- 0.43	CCSI

Risk-Adjusted Indicators

There is a big difference between CCC Stock performing well and CCC Intelligent 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 CCC Intelligent'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
CSGS	1.24	0.24	0.16	0.21	1.41	(1.29)	2.82	(2.16)	8.74
CCSI	1.99	0.09	0.02	0.00	3.01	(1.83)	4.01	(4.21)	20.81
STER	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCWX	0.13	0.02	0.44	10.20	0.00	(0.20)	0.36	(0.24)	1.07
EVTC	1.25	0.14	0.12	0.20	1.33	(1.53)	2.03	(1.85)	18.48
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BASE	2.22	0.02	0.00	(0.04)	0.00	0.00	3.91	(4.38)	22.01
FLYW	2.76	(0.80)	0.00	(0.73)	0.00	0.00	4.49	(5.74)	44.16
IIIV	1.56	0.22	0.13	0.20	1.66	(1.72)	3.09	(2.66)	13.80
GB	1.78	0.34	0.17	3.93	1.74	(2.15)	3.86	(3.54)	18.44

CCC Intelligent Corporate Management

Barrett Callaghan	Executive Vice President - Markets and Customer Success	Profile
Rodney Christo	Chief Officer	Profile
Steven Puccinelli	Independent Director	Profile
Eric Wei	Independent Director	Profile
Kevin Ho	Senior China	Profile

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