Correlation Between CCC Intelligent and Janus International

Can any of the company-specific risk be diversified away by investing in both CCC Intelligent and Janus International 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 Janus International 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 Janus International Group, you can compare the effects of market volatilities on CCC Intelligent and Janus International 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 Janus International. Check out your portfolio center. Please also check ongoing floating volatility patterns of CCC Intelligent and Janus International.

Diversification Opportunities for CCC Intelligent and Janus International

-0.12

Correlation Coefficient

CCC Intelligent  Janus International

Good diversification

The 3 months correlation between CCC and Janus is -0.12. Overlapping area represents the amount of risk that can be diversified away by holding CCC Intelligent Solutions and Janus International Group in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Janus International 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 Janus International. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Janus International has no effect on the direction of CCC Intelligent i.e., CCC Intelligent and Janus International go up and down completely randomly.

Pair Corralation between CCC Intelligent and Janus International

Given the investment horizon of 90 days CCC Intelligent Solutions is expected to under-perform the Janus International. But the stock apears to be less risky and, when comparing its historical volatility, CCC Intelligent Solutions is 1.62 times less risky than Janus International. The stock trades about -0.07 of its potential returns per unit of risk. The Janus International Group is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  911.00  in Janus International Group on July 24, 2025 and sell it today you would earn a total of  110.00  from holding Janus International Group or generate 12.07% 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.  Janus International Group

CCC Intelligent Solutions

Risk-Adjusted Performance

Weakest

Over the last 90 days CCC Intelligent Solutions has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest weak performance, the Stock's fundamental indicators remain stable and the newest uproar on Wall Street may also be a sign of mid-term gains for the firm private investors.

Janus International

Risk-Adjusted Performance

Mild

Compared to the overall equity markets, risk-adjusted returns on investments in Janus International Group are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite fairly unfluctuating fundamental drivers, Janus International demonstrated solid returns over the last few months and may actually be approaching a breakup point.

Pair Trading with CCC Intelligent and Janus International

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

The idea behind CCC Intelligent Solutions and Janus International Group 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.

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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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.