CCC vs WAY: Correlation
Measured on weekly returns over the past three years, CCC Intelligent Solutions Holdings Inc. (CCC) and Waystar Holding Corp. (WAY) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCC and WAY?
On 3 years of weekly data the CCC/WAY correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 969.6 %².
Among the 21 assets we track against CCC, WAY ranks #8 by 3-year correlation. The trailing year gives CCC the advantage: -22.7% versus -32.1%, a 9.4-point spread.
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 WAY: side by side
| CCC (CCC Intelligent Solutions Holdings Inc.) | WAY (Waystar Holding Corp.) | |
|---|---|---|
| 1-year return | -22.7% | -32.1% |
| 5-year return | -30.0% | n/a |
| Volatility (ann.) | 39.5% | 43.8% |
| Beta vs S&P 500 | 0.83 | 1.07 |
| Max drawdown (3Y) | -68.4% | -61.8% |
| Market cap | $4.5B | $4.8B |
| P/E (trailing) | 108.6 | 34.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCC | WAY |
|---|---|---|
| 2022 | -23.6% | – |
| 2023 | +30.9% | – |
| 2024 | +3.0% | – |
| 2025 | -32.2% | -10.8% |
| 2026 | -4.4% | -22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCC and WAY good diversifiers for each other?
To a limited degree. At 0.53 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 CCC and WAY?
As of 2026-08-27, the correlation of weekly returns between CCC and WAY is 0.53 over 3 years, 0.60 over 1 year and n/a over 5 years.
Is WAY a good diversifier for CCC?
To a limited degree. At 0.53 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 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccc-vs-way.json
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Related comparisons
Hubs: CCC correlations · WAY correlations
