CCC Total Current Assets vs Other Current Assets Analysis

CCCS Stock

USD 11.48 0.03 0.26%

CCC Intelligent financial indicator trend analysis is way more than just evaluating CCC Intelligent Solutions prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CCC Intelligent Solutions is a good investment. Please check the relationship between CCC Intelligent Total Current Assets and its Other Current Assets accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CCC Intelligent Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Total Current Assets vs Other Current Assets

Total Current Assets vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CCC Intelligent Solutions Total Current Assets account and Other Current Assets. At this time, the significance of the direction appears to have almost no relationship.

The correlation between CCC Intelligent's Total Current Assets and Other Current Assets is 0.14. Overlapping area represents the amount of variation of Total Current Assets that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of CCC Intelligent Solutions, assuming nothing else is changed. The correlation between historical values of CCC Intelligent's Total Current Assets and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Current Assets of CCC Intelligent Solutions are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Current Assets i.e., CCC Intelligent's Total Current Assets and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.14

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.

Most indicators from CCC Intelligent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CCC Intelligent Solutions current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CCC Intelligent Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

At this time, CCC Intelligent's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 38.18 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	492.6M	568.5M	636.2M	552.7M
Total Revenue	688.3M	782.4M	866.4M	789.0M

Gross Profit Total Revenue

CCC Intelligent fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Deferred Long Term Liab	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments
Other Current Liab		0.97	-0.76	0.79	-0.89	0.38	0.96	0.9	0.31	0.06	1.0	0.94	0.92	1.0	0.94	-0.3	-0.92	0.9	0.92	0.83	-0.91	0.68	-0.51	-0.76	0.93	0.68
Total Current Liabilities	0.97		-0.89	0.71	-0.94	0.53	0.97	0.97	0.51	-0.02	0.98	0.93	0.95	0.95	0.92	-0.39	-0.95	0.94	0.96	0.92	-0.96	0.78	-0.62	-0.89	0.94	0.78
Other Liab	-0.76	-0.89		-0.49	0.9	-0.58	-0.83	-0.94	-0.77	0.29	-0.78	-0.76	-0.8	-0.72	-0.73	0.58	0.84	-0.8	-0.86	-0.96	0.84	-0.72	0.78	0.95	-0.79	-0.72
Net Tangible Assets	0.79	0.71	-0.49		-0.51	0.18	0.65	0.73	0.26	-0.29	0.76	0.56	0.7	0.85	0.57	-0.19	-0.51	0.51	0.52	0.48	-0.52	0.43	-0.32	-0.48	0.51	0.43
Retained Earnings	-0.89	-0.94	0.9	-0.51		-0.4	-0.93	-0.88	-0.47	0.02	-0.9	-0.94	-0.83	-0.85	-0.93	0.55	0.97	-0.91	-0.98	-0.96	0.95	-0.65	0.74	0.84	-0.95	-0.65
Accounts Payable	0.38	0.53	-0.58	0.18	-0.4		0.45	0.6	0.73	0.2	0.42	0.36	0.71	0.37	0.32	0.0	-0.5	0.63	0.5	0.46	-0.59	0.93	-0.27	-0.79	0.49	0.93
Other Assets	0.96	0.97	-0.83	0.65	-0.93	0.45		0.92	0.34	0.1	0.98	0.98	0.91	0.94	0.96	-0.23	-0.93	0.9	0.96	0.92	-0.94	0.7	-0.47	-0.83	0.96	0.7
Net Receivables	0.9	0.97	-0.94	0.73	-0.88	0.6	0.92		0.65	-0.19	0.91	0.84	0.93	0.89	0.81	-0.38	-0.87	0.85	0.89	0.92	-0.88	0.79	-0.62	-0.94	0.85	0.79
Common Stock Shares Outstanding	0.31	0.51	-0.77	0.26	-0.47	0.73	0.34	0.65		-0.46	0.32	0.22	0.52	0.3	0.18	-0.57	-0.43	0.46	0.41	0.56	-0.46	0.68	-0.71	-0.78	0.33	0.68
Other Current Assets	0.06	-0.02	0.29	-0.29	0.02	0.2	0.1	-0.19	-0.46		0.09	0.21	0.14	0.04	0.24	0.54	-0.17	0.27	0.16	-0.15	-0.21	0.23	0.43	0.08	0.26	0.23
Other Stockholder Equity	1.0	0.98	-0.78	0.76	-0.9	0.42	0.98	0.91	0.32	0.09		0.96	0.93	0.99	0.96	-0.27	-0.93	0.91	0.94	0.85	-0.93	0.7	-0.49	-0.79	0.95	0.7
Deferred Long Term Liab	0.94	0.93	-0.76	0.56	-0.94	0.36	0.98	0.84	0.22	0.21	0.96		0.86	0.91	1.0	-0.26	-0.96	0.91	0.98	0.88	-0.95	0.63	-0.47	-0.76	0.98	0.63
Total Current Assets	0.92	0.95	-0.8	0.7	-0.83	0.71	0.91	0.93	0.52	0.14	0.93	0.86		0.92	0.84	-0.2	-0.89	0.94	0.9	0.79	-0.93	0.91	-0.48	-0.89	0.9	0.91
Common Stock	1.0	0.95	-0.72	0.85	-0.85	0.37	0.94	0.89	0.3	0.04	0.99	0.91	0.92		0.91	-0.26	-0.88	0.87	0.88	0.78	-0.88	0.67	-0.47	-0.73	0.89	0.67
Property Plant Equipment	0.94	0.92	-0.73	0.57	-0.93	0.32	0.96	0.81	0.18	0.24	0.96	1.0	0.84	0.91		-0.26	-0.95	0.91	0.97	0.86	-0.94	0.61	-0.47	-0.72	0.98	0.61
Total Assets	-0.3	-0.39	0.58	-0.19	0.55	0.0	-0.23	-0.38	-0.57	0.54	-0.27	-0.26	-0.2	-0.26	-0.26		0.45	-0.35	-0.38	-0.48	0.36	-0.14	0.95	0.39	-0.31	-0.14
Short Long Term Debt Total	-0.92	-0.95	0.84	-0.51	0.97	-0.5	-0.93	-0.87	-0.43	-0.17	-0.93	-0.96	-0.89	-0.88	-0.95	0.45		-0.98	-0.99	-0.9	0.99	-0.75	0.66	0.85	-0.99	-0.75
Total Stockholder Equity	0.9	0.94	-0.8	0.51	-0.91	0.63	0.9	0.85	0.46	0.27	0.91	0.91	0.94	0.87	0.91	-0.35	-0.98		0.96	0.83	-0.99	0.85	-0.59	-0.86	0.97	0.85
Property Plant And Equipment Net	0.92	0.96	-0.86	0.52	-0.98	0.5	0.96	0.89	0.41	0.16	0.94	0.98	0.9	0.88	0.97	-0.38	-0.99	0.96		0.93	-0.99	0.74	-0.61	-0.86	0.99	0.74
Current Deferred Revenue	0.83	0.92	-0.96	0.48	-0.96	0.46	0.92	0.92	0.56	-0.15	0.85	0.88	0.79	0.78	0.86	-0.48	-0.9	0.83	0.93		-0.89	0.64	-0.68	-0.89	0.88	0.64
Net Debt	-0.91	-0.96	0.84	-0.52	0.95	-0.59	-0.94	-0.88	-0.46	-0.21	-0.93	-0.95	-0.93	-0.88	-0.94	0.36	0.99	-0.99	-0.99	-0.89		-0.82	0.6	0.88	-0.99	-0.82
Cash	0.68	0.78	-0.72	0.43	-0.65	0.93	0.7	0.79	0.68	0.23	0.7	0.63	0.91	0.67	0.61	-0.14	-0.75	0.85	0.74	0.64	-0.82		-0.42	-0.89	0.74	1.0
Non Current Assets Total	-0.51	-0.62	0.78	-0.32	0.74	-0.27	-0.47	-0.62	-0.71	0.43	-0.49	-0.47	-0.48	-0.47	-0.47	0.95	0.66	-0.59	-0.61	-0.68	0.6	-0.42		0.64	-0.54	-0.42
Non Currrent Assets Other	-0.76	-0.89	0.95	-0.48	0.84	-0.79	-0.83	-0.94	-0.78	0.08	-0.79	-0.76	-0.89	-0.73	-0.72	0.39	0.85	-0.86	-0.86	-0.89	0.88	-0.89	0.64		-0.82	-0.89
Long Term Debt	0.93	0.94	-0.79	0.51	-0.95	0.49	0.96	0.85	0.33	0.26	0.95	0.98	0.9	0.89	0.98	-0.31	-0.99	0.97	0.99	0.88	-0.99	0.74	-0.54	-0.82		0.74
Cash And Short Term Investments	0.68	0.78	-0.72	0.43	-0.65	0.93	0.7	0.79	0.68	0.23	0.7	0.63	0.91	0.67	0.61	-0.14	-0.75	0.85	0.74	0.64	-0.82	1.0	-0.42	-0.89	0.74

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CCC Intelligent Account Relationship Matchups

Pair Trading with CCC Intelligent

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CCC Intelligent position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CCC Intelligent will appreciate offsetting losses from the drop in the long position's value.

Moving against CCC Stock

0.67	NN	Nextnav Acquisition Corp	Pair Corr
0.31	EVCM	EverCommerce	Pair Corr

The ability to find closely correlated positions to CCC Intelligent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CCC Intelligent when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CCC Intelligent - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CCC Intelligent Solutions to buy it.

The correlation of CCC Intelligent is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CCC Intelligent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CCC Intelligent Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for CCC Intelligent can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for CCC Stock Analysis

When running CCC Intelligent's price analysis, check to measure CCC Intelligent's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CCC Intelligent is operating at the current time. Most of CCC Intelligent's value examination focuses on studying past and present price action to predict the probability of CCC Intelligent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CCC Intelligent's price. Additionally, you may evaluate how the addition of CCC Intelligent to your portfolios can decrease your overall portfolio volatility.

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CCC Total Current Assets vs Other Current Assets Analysis

Total Current Assets vs Other Current Assets

Total Current Assets vs Other Current Assets Correlation Analysis

Correlation Coefficient

Total Current Assets

Other Current Assets

CCC Intelligent fundamental ratios Correlations

CCC Intelligent Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with CCC Intelligent

Moving against CCC Stock

Additional Tools for CCC Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Stockholder Equity	+ 1.0	Other Current Liab
Common Stock	+ 1.0	Other Current Liab
Property Plant Equipment	+ 1.0	Deferred Long Term Liab
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 0.99	Other Stockholder Equity
Net Debt	+ 0.99	Short Long Term Debt Total

Long Term Debt	- 0.99	Net Debt
Net Debt	- 0.99	Property Plant And Equipment Net
Net Debt	- 0.99	Total Stockholder Equity
Long Term Debt	- 0.99	Short Long Term Debt Total
Property Plant And Equipment Net	- 0.99	Short Long Term Debt Total
Total Stockholder Equity	- 0.98	Short Long Term Debt Total