CCSI vs RNG: Correlation
Consensus Cloud Solutions, Inc. (CCSI) and RingCentral, Inc. (RNG) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCSI and RNG?
On 3 years of weekly data the CCSI/RNG correlation comes out at 0.47, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.47). The 5-year figure is 0.35, and annualized covariance runs at 1616.6 %².
In CCSI's tracked universe of 16 assets, RNG sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months RNG outperformed by 74.9 percentage points (+49.4% for CCSI against +124.3% for RNG).
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 RNG: side by side
| CCSI (Consensus Cloud Solutions, Inc.) | RNG (RingCentral, Inc.) | |
|---|---|---|
| 1-year return | +49.4% | +124.3% |
| 5-year return | +11.8% | -73.1% |
| Volatility (ann.) | 66.1% | 52.2% |
| Beta vs S&P 500 | 1.27 | 1.54 |
| Max drawdown (3Y) | -63.8% | -48.6% |
| Market cap | $0.7B | $5.7B |
| P/E (trailing) | 7.8 | 52.7 |
| Dividend yield | 0.00% | 0.23% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCSI | RNG |
|---|---|---|
| 2022 | -7.1% | -81.1% |
| 2023 | -51.2% | -4.1% |
| 2024 | -9.0% | +3.1% |
| 2025 | -8.5% | -17.5% |
| 2026 | +82.6% | +138.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCSI and RNG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCSI and RNG?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.36 over the last year and 0.35 over 5 years.
Is RNG a good diversifier for CCSI?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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-rng.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccsi-vs-rng/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CCSI correlations · RNG correlations
