CCSI vs ELAN: Correlation
How closely do Consensus Cloud Solutions, Inc. (CCSI) and Elanco Animal Health Incorporated (ELAN) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCSI and ELAN?
Over the past 3 years, CCSI and ELAN moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 1345.9 %².
Within CCSI's tracked universe of 16 assets, ELAN comes in at #4 by 3-year correlation. The last year tells two different stories: CCSI led by 17.0 percentage points, +49.4% for CCSI against +32.4% for ELAN.
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.
CCSI vs ELAN: side by side
| CCSI (Consensus Cloud Solutions, Inc.) | ELAN (Elanco Animal Health Incorporated) | |
|---|---|---|
| 1-year return | +49.4% | +32.4% |
| 5-year return | +11.8% | -26.8% |
| Volatility (ann.) | 66.1% | 44.8% |
| Beta vs S&P 500 | 1.27 | 1.18 |
| Max drawdown (3Y) | -63.8% | -56.1% |
| Market cap | $0.7B | $12.2B |
| P/E (trailing) | 7.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCSI | ELAN |
|---|---|---|
| 2022 | -7.1% | -56.9% |
| 2023 | -51.2% | +21.9% |
| 2024 | -9.0% | -18.7% |
| 2025 | -8.5% | +86.9% |
| 2026 | +82.6% | +8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCSI and ELAN good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCSI and ELAN?
The CCSI/ELAN correlation stands at 0.45 on a 3-year window (1 year: 0.38, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is ELAN a good diversifier for CCSI?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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/ccsi-vs-elan.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccsi-vs-elan/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCSI correlations · ELAN correlations
