Correlation Between Taboola and CCC Intelligent

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

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

Diversification Opportunities for Taboola and CCC Intelligent

-0.2

Correlation Coefficient

Taboola  CCC Intelligent

Good diversification

The 3 months correlation between Taboola and CCC is -0.2. Overlapping area represents the amount of risk that can be diversified away by holding Taboola 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 Taboola 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 Taboola 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 Taboola i.e., Taboola and CCC Intelligent go up and down completely randomly.

Pair Corralation between Taboola and CCC Intelligent

Given the investment horizon of 90 days Taboola is expected to under-perform the CCC Intelligent. In addition to that, Taboola is 1.11 times more volatile than CCC Intelligent Solutions. It trades about -0.01 of its total potential returns per unit of risk. CCC Intelligent Solutions is currently generating about 0.07 per unit of volatility. If you would invest  898.00  in CCC Intelligent Solutions on May 15, 2025 and sell it today you would earn a total of  68.00  from holding CCC Intelligent Solutions or generate 7.57% return on investment over 90 days.

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

Taboola  vs.  CCC Intelligent Solutions

Taboola

Risk-Adjusted Performance

Weakest

Over the last 90 days Taboola has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong essential indicators, Taboola is not utilizing all of its potentials. The recent stock price disturbance, may contribute to short-term losses for the investors.

CCC Intelligent Solutions

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in CCC Intelligent Solutions are ranked lower than 5 (%) 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.

Pair Trading with Taboola and CCC Intelligent

The main advantage of trading using opposite Taboola and CCC Intelligent positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Taboola 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 Taboola 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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.