AXON vs CCC: Correlation
Axon Enterprise (AXON) and CCC Intelligent Solutions Holdings Inc. (CCC) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXON and CCC?
Across a 3-year window, the weekly returns of AXON and CCC correlate at 0.51, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.51 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 1154.8 %².
By 3-year correlation, CCC places #9 of the 35 assets tracked against AXON. Their 12-month results are close: -20.6% for AXON against -22.7% for CCC.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AXON vs CCC: side by side
| AXON (Axon Enterprise) | CCC (CCC Intelligent Solutions Holdings Inc.) | |
|---|---|---|
| 1-year return | -20.6% | -22.7% |
| 5-year return | +216.9% | -30.0% |
| Volatility (ann.) | 57.4% | 39.5% |
| Beta vs S&P 500 | 1.51 | 0.83 |
| Max drawdown (3Y) | -60.3% | -68.4% |
| Market cap | $49.7B | $4.5B |
| P/E (trailing) | 250.5 | 108.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AXON | CCC |
|---|---|---|
| 2022 | +5.7% | -23.6% |
| 2023 | +55.7% | +30.9% |
| 2024 | +130.1% | +3.0% |
| 2025 | -4.4% | -32.2% |
| 2026 | +7.6% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXON and CCC good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AXON and CCC?
The AXON/CCC correlation stands at 0.51 on a 3-year window (1 year: 0.67, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is CCC a good diversifier for AXON?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axon-vs-ccc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/axon-vs-ccc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXON correlations · CCC correlations
