Cogent Communications Correlations

CCOI Stock

USD 46.73 0.42 0.89%

The current 90-days correlation between Cogent Communications and Liberty Broadband Srs is 0.38 (i.e., Weak diversification). The correlation of Cogent Communications 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Cogent Communications Correlation With Market

Very weak diversification

The correlation between Cogent Communications Group and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cogent Communications Group and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cogent Communications Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving together with Cogent Stock

0.85	TBB	ATT Inc	Pair Corr
0.64	USM	United States Cellular	Pair Corr
0.75	LILA	Liberty Latin America	Pair Corr
0.86	LBTYA	Liberty Global PLC	Pair Corr
0.86	LBTYK	Liberty Global PLC	Pair Corr

Moving against Cogent Stock

0.71	AMX	America Movil SAB Sell-off Trend	Pair Corr
0.7	TU	Telus Corp	Pair Corr
0.67	CHT	Chunghwa Telecom	Pair Corr
0.62	TEF	Telefonica SA ADR	Pair Corr
0.6	FYBR	Frontier Communications Sell-off Trend	Pair Corr
0.55	IDT	IDT Corporation	Pair Corr
0.52	FNGR	FingerMotion Earnings Call This Week	Pair Corr
0.49	IHS	IHS Holding	Pair Corr
0.47	KT	KT Corporation Sell-off Trend	Pair Corr
0.32	T	ATT Inc	Pair Corr
0.64	TLK	Telkom Indonesia Tbk	Pair Corr
0.64	VIV	Telefonica Brasil	Pair Corr
0.56	GOGO	Gogo Inc Upward Rally	Pair Corr
0.53	NVVEW	Nuvve Holding Corp	Pair Corr
0.35	UCL	Ucloudlink Group	Pair Corr
0.35	RPID	Rapid Micro Biosystems	Pair Corr

Related Correlations Analysis

	LBRDA	CHTR	LBRDK	TIMB	IHS	IDT	IRDM	CABO	SHEN	ATEX
LBRDA		0.99	1.0	0.74	0.8	0.78	0.44	-0.76	-0.24	-0.56	LBRDA
CHTR	0.99		0.99	0.69	0.78	0.7	0.4	-0.7	-0.33	-0.52	CHTR
LBRDK	1.0	0.99		0.75	0.8	0.77	0.41	-0.77	-0.26	-0.58	LBRDK
TIMB	0.74	0.69	0.75		0.75	0.86	0.3	-0.87	0.16	-0.84	TIMB
IHS	0.8	0.78	0.8	0.75		0.77	0.44	-0.72	0.02	-0.57	IHS
IDT	0.78	0.7	0.77	0.86	0.77		0.55	-0.89	0.24	-0.63	IDT
IRDM	0.44	0.4	0.41	0.3	0.44	0.55		-0.35	0.42	0.19	IRDM
CABO	-0.76	-0.7	-0.77	-0.87	-0.72	-0.89	-0.35		-0.01	0.76	CABO
SHEN	-0.24	-0.33	-0.26	0.16	0.02	0.24	0.42	-0.01		0.07	SHEN
ATEX	-0.56	-0.52	-0.58	-0.84	-0.57	-0.63	0.19	0.76	0.07		ATEX
	LBRDA	CHTR	LBRDK	TIMB	IHS	IDT	IRDM	CABO	SHEN	ATEX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

LBRDK	+ 1.0	LBRDA
CHTR	+ 0.99	LBRDA
LBRDK	+ 0.99	CHTR
IDT	+ 0.86	TIMB
IHS	+ 0.8	LBRDA
IHS	+ 0.8	LBRDK

High negative correlations

CABO	- 0.89	IDT
CABO	- 0.87	TIMB
ATEX	- 0.84	TIMB
CABO	- 0.77	LBRDK
CABO	- 0.76	LBRDA
CABO	- 0.72	IHS

Risk-Adjusted Indicators

There is a big difference between Cogent Stock performing well and Cogent Communications Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cogent Communications' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LBRDA	1.90	0.15	0.06	0.15	2.40	(2.13)	2.88	(3.67)	14.26
CHTR	1.84	0.11	0.04	0.12	2.39	(1.86)	2.76	(3.40)	14.90
LBRDK	1.88	0.15	0.06	0.16	2.45	(2.05)	2.99	(3.48)	14.57
TIMB	1.50	0.44	0.21	0.98	1.59	(1.61)	3.54	(2.55)	10.37
IHS	2.93	0.64	0.17	0.70	3.21	(3.22)	9.19	(5.54)	24.34
IDT	1.74	0.47	0.24	0.62	1.67	(2.06)	3.47	(3.12)	19.60
IRDM	1.97	0.08	0.03	0.09	2.60	(2.13)	4.59	(5.31)	15.67
CABO	3.57	(0.72)	0.00	(1.09)	0.00	0.00	7.80	(6.53)	52.26
SHEN	2.15	0.23	0.06	0.50	3.51	(2.22)	3.69	(5.40)	18.13
ATEX	1.58	(0.55)	0.00	(0.77)	0.00	0.00	2.67	(3.98)	10.83

Cogent Communications Corporate Executives

Elected by the shareholders, the Cogent Communications' board of directors comprises two types of representatives: Cogent Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cogent. The board's role is to monitor Cogent Communications' management team and ensure that shareholders' interests are well served. Cogent Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cogent Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.

Thaddeus Weed	CFO, Principal Accounting Officer and Treasurer	Profile
Thaddeus CPA	CFO VP	Profile
David Kapp	VP CTO	Profile

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