Correlation Between CCC Intelligent and Box

Can any of the company-specific risk be diversified away by investing in both CCC Intelligent and Box at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining CCC Intelligent and Box into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between CCC Intelligent Solutions and Box Inc, you can compare the effects of market volatilities on CCC Intelligent and Box and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in CCC Intelligent with a short position of Box. Check out your portfolio center. Please also check ongoing floating volatility patterns of CCC Intelligent and Box.

Diversification Opportunities for CCC Intelligent and Box

-0.25

Correlation Coefficient

CCC Intelligent  Box

Very good diversification

The 3 months correlation between CCC and Box is -0.25. Overlapping area represents the amount of risk that can be diversified away by holding CCC Intelligent Solutions and Box Inc in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Box Inc and CCC Intelligent is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on CCC Intelligent Solutions are associated (or correlated) with Box. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Box Inc has no effect on the direction of CCC Intelligent i.e., CCC Intelligent and Box go up and down completely randomly.

Pair Corralation between CCC Intelligent and Box

Given the investment horizon of 90 days CCC Intelligent Solutions is expected to generate 0.91 times more return on investment than Box. However, CCC Intelligent Solutions is 1.1 times less risky than Box. It trades about 0.05 of its potential returns per unit of risk. Box Inc is currently generating about 0.02 per unit of risk. If you would invest  919.00  in CCC Intelligent Solutions on May 5, 2025 and sell it today you would earn a total of  54.00  from holding CCC Intelligent Solutions or generate 5.88% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Against
Strength	Insignificant
Accuracy	100.0%
Values	Daily Returns

CCC Intelligent Solutions  vs.  Box Inc

CCC Intelligent Solutions

Risk-Adjusted Performance

Insignificant

Compared to the overall equity markets, risk-adjusted returns on investments in CCC Intelligent Solutions are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak fundamental indicators, CCC Intelligent may actually be approaching a critical reversion point that can send shares even higher in September 2025.

Box Inc

Risk-Adjusted Performance

Weak

Compared to the overall equity markets, risk-adjusted returns on investments in Box Inc are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong basic indicators, Box is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.

Pair Trading with CCC Intelligent and Box

The main advantage of trading using opposite CCC Intelligent and Box positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if CCC Intelligent position performs unexpectedly, Box 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 Box will offset losses from the drop in Box's long position.

The idea behind CCC Intelligent Solutions and Box Inc pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

Check out your portfolio center.

Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.