Cogent Communications Correlations
| CCOI Stock | USD 21.35 0.77 3.48% |
The current 90-days correlation between Cogent Communications and Liberty Broadband Srs is 0.36 (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
Modest diversification
The correlation between Cogent Communications Group and DJI is 0.28 (i.e., Modest 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.
Moving together with Cogent Stock
Moving against Cogent Stock
| 0.5 | 300921 | NOVA Technology | PairCorr |
| 0.41 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.39 | 600941 | China Mobile Limited | PairCorr |
| 0.33 | MGMA | Metro Global Media | PairCorr |
| 0.33 | DOCKF | Beyond Medical Techn | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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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 | 1.46 | (0.40) | 0.00 | (0.19) | 0.00 | 2.82 | 8.47 | |||
| CHTR | 1.44 | (0.42) | 0.00 | (0.22) | 0.00 | 2.73 | 8.84 | |||
| LBRDK | 1.46 | (0.40) | 0.00 | (0.19) | 0.00 | 2.88 | 8.54 | |||
| TIMB | 1.17 | 0.11 | 0.05 | 0.25 | 1.42 | 2.10 | 6.27 | |||
| IHS | 1.77 | (0.08) | 0.00 | (0.02) | 0.00 | 3.56 | 14.61 | |||
| IDT | 1.51 | (0.33) | 0.00 | (0.16) | 0.00 | 2.30 | 21.96 | |||
| IRDM | 2.49 | (0.64) | 0.00 | (0.31) | 0.00 | 4.75 | 19.61 | |||
| CABO | 2.85 | (0.35) | (0.03) | 0.00 | 3.13 | 6.35 | 19.76 | |||
| SHEN | 1.64 | (0.28) | 0.00 | (0.07) | 0.00 | 3.27 | 12.56 | |||
| ATEX | 2.06 | (0.39) | 0.00 | (0.11) | 0.00 | 3.83 | 13.08 |
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 |