This paper deals with the performance anlysis of CCA adaptive equalization algorithm, that is used for reduction of intersymbol interference at the receiving side which occurs in the time dispersive communication channel. Basically, this algorithm is borned for the solving phase unrecovery problem in the CMA equalizer, and the comines the concept of DDA (Decision Directed Algorithm) and RCA (Reduce Constellation Algorithm). The DDA has a stable convergence characteristics in unilevel signal, but not in the number of levels in multilevel signal such as QAM, so it has unstable problem. The RCA does not provide reliable initial convergence. And even after convergence, the equalization noise due to the steady state misadjustment exhibited by it is very high as compared to DDA. For the solving the abovemensioned point, the CCA adaptive eualization alogorithm has borned. In order to performance analysis of CCA algorithm, the recovered signal constellation that is the output of the equalizer, the convergence characteristic by the residual isi and MD (maximum distortion), the SER characteristic are used by computer simulation and it was compared with the DDA, RCA respectively. As a result of simulation, the DDA has superior performance than other algoithm, but it has a convergence unguarantee and unstability in the multilevel signal. In order to solving this problem, the CCA has more good performance than RCA in every performance index.