Correlation Between Janus International and CCC Intelligent

Can any of the company-specific risk be diversified away by investing in both Janus International and CCC Intelligent 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 Janus International and CCC Intelligent into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Janus International Group and CCC Intelligent Solutions, you can compare the effects of market volatilities on Janus International and CCC Intelligent 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 Janus International with a short position of CCC Intelligent. Check out your portfolio center. Please also check ongoing floating volatility patterns of Janus International and CCC Intelligent.

Diversification Opportunities for Janus International and CCC Intelligent

-0.1

Correlation Coefficient

Janus International  CCC Intelligent

Good diversification

The 3 months correlation between Janus and CCC is -0.1. Overlapping area represents the amount of risk that can be diversified away by holding Janus International Group and CCC Intelligent Solutions in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on CCC Intelligent Solutions and Janus International 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 Janus International Group are associated (or correlated) with CCC Intelligent. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CCC Intelligent Solutions has no effect on the direction of Janus International i.e., Janus International and CCC Intelligent go up and down completely randomly.

Pair Corralation between Janus International and CCC Intelligent

Considering the 90-day investment horizon Janus International Group is expected to generate 1.88 times more return on investment than CCC Intelligent. However, Janus International is 1.88 times more volatile than CCC Intelligent Solutions. It trades about 0.09 of its potential returns per unit of risk. CCC Intelligent Solutions is currently generating about -0.05 per unit of risk. If you would invest  871.00  in Janus International Group on July 18, 2025 and sell it today you would earn a total of  128.00  from holding Janus International Group or generate 14.7% return on investment over 90 days.

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

Janus International Group  vs.  CCC Intelligent Solutions

Janus International

Risk-Adjusted Performance

Fair

Compared to the overall equity markets, risk-adjusted returns on investments in Janus International Group are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite fairly conflicting fundamental drivers, Janus International demonstrated solid returns over the last few months and may actually be approaching a breakup point.

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 comparatively stable fundamental indicators, CCC Intelligent is not utilizing all of its potentials. The current stock price uproar, may contribute to short-horizon losses for the private investors.

Pair Trading with Janus International and CCC Intelligent

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

The idea behind Janus International Group and CCC Intelligent Solutions 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.