CCC vs GWRE: Correlation
Measured on weekly returns over the past three years, CCC Intelligent Solutions Holdings Inc. (CCC) and Guidewire Software, Inc. (GWRE) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCC and GWRE?
Over the past 3 years, CCC and GWRE moved with a correlation of 0.56, which is moderate. The link has tightened recently: the 1-year correlation (0.69) runs above the 3-year figure (0.56). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 1013.0 %².
Among the 21 assets we track against CCC, GWRE ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GWRE ahead by 15.6 points (-22.7% versus -7.1%).
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.
CCC vs GWRE: side by side
| CCC (CCC Intelligent Solutions Holdings Inc.) | GWRE (Guidewire Software, Inc.) | |
|---|---|---|
| 1-year return | -22.7% | -7.1% |
| 5-year return | -30.0% | +68.2% |
| Volatility (ann.) | 39.5% | 45.6% |
| Beta vs S&P 500 | 0.83 | 0.83 |
| Max drawdown (3Y) | -68.4% | -60.8% |
| Market cap | $4.5B | $16.7B |
| P/E (trailing) | 108.6 | 103.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCC | GWRE |
|---|---|---|
| 2022 | -23.6% | -44.9% |
| 2023 | +30.9% | +74.3% |
| 2024 | +3.0% | +54.6% |
| 2025 | -32.2% | +19.2% |
| 2026 | -4.4% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCC and GWRE good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CCC and GWRE?
The CCC/GWRE correlation stands at 0.56 on a 3-year window (1 year: 0.69, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is GWRE a good diversifier for CCC?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccc-vs-gwre.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ccc-vs-gwre/)
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Related comparisons
Hubs: CCC correlations · GWRE correlations
