Cogent Communications Correlations

OGM1 Stock

EUR 75.00 1.50 1.96%

The current 90-days correlation between Cogent Communications and Austevoll Seafood ASA is 0.14 (i.e., Average 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

Good diversification

The correlation between Cogent Communications Holdings and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cogent Communications Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Cogent Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cogent Communications 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 Cogent Communications - 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 Cogent Communications Holdings to buy it.

Moving together with Cogent Stock

0.85	TM5	T Mobile	Pair Corr
0.68	BAC	Verizon Communications	Pair Corr
0.62	SOBA	ATT Inc	Pair Corr
0.63	SOBA	ATT Inc	Pair Corr
0.69	DTE	Deutsche Telekom	Pair Corr
0.74	SG9	Strix Group Plc	Pair Corr

Related Correlations Analysis

	FOO	Z85	CAO	CNJ	PH4	7QG	UFH
FOO		-0.16	0.42	-0.13	-0.41	-0.43	0.14	FOO
Z85	-0.16		-0.7	0.49	0.42	0.8	0.69	Z85
CAO	0.42	-0.7		-0.25	-0.27	-0.77	-0.43	CAO
CNJ	-0.13	0.49	-0.25		0.4	0.58	0.43	CNJ
PH4	-0.41	0.42	-0.27	0.4		0.47	0.06	PH4
7QG	-0.43	0.8	-0.77	0.58	0.47		0.57	7QG
UFH	0.14	0.69	-0.43	0.43	0.06	0.57		UFH
	FOO	Z85	CAO	CNJ	PH4	7QG	UFH

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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

7QG	+ 0.8	Z85
UFH	+ 0.69	Z85
7QG	+ 0.58	CNJ
UFH	+ 0.57	7QG
CNJ	+ 0.49	Z85
7QG	+ 0.47	PH4

High negative correlations

7QG	- 0.77	CAO
CAO	- 0.7	Z85
UFH	- 0.43	CAO
7QG	- 0.43	FOO
PH4	- 0.41	FOO
PH4	- 0.27	CAO

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
FOO	1.37	(0.12)	0.00	(1.15)	0.00	0.00	3.79	(3.10)	13.66
Z85	1.76	0.14	0.07	0.26	1.66	(2.13)	5.13	(2.89)	9.02
CAO	1.19	(0.06)	0.00	0.15	0.00	0.00	2.48	(3.51)	8.18
CNJ	1.04	0.14	0.10	0.44	1.08	(1.37)	2.01	(2.45)	5.14
PH4	3.13	0.83	0.16	10.33	2.77	(5.62)	8.00	(3.70)	21.11
7QG	1.57	0.28	0.18	(0.48)	1.31	(2.14)	4.86	(2.71)	14.77
UFH	0.85	(0.02)	0.00	0.37	0.00	0.00	1.55	(2.22)	4.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in Cogent Communications without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Cogent Communications Corporate Management

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.

Timothy ONeill	Construction Engineering	Profile
Thaddeus Weed	CFO Operations	Profile
David Schaeffer	Chairman, Founder	Profile
Raymond Kummer	CTO Engineering	Profile
JeanMichel Slagmuylder	Chief Operations	Profile
James Bubeck	Chief Sales	Profile
John Chang	Chief Officer	Profile

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