Cogent Communications (Germany) Market Value

OGM1 Stock  EUR 62.00  0.50  0.80%   
Cogent Communications' market value is the price at which a share of Cogent Communications trades on a public exchange. It measures the collective expectations of Cogent Communications Holdings investors about its performance. Cogent Communications is trading at 62.00 as of the 16th of March 2025. This is a 0.8 percent decrease since the beginning of the trading day. The stock's lowest day price was 62.0.
With this module, you can estimate the performance of a buy and hold strategy of Cogent Communications Holdings and determine expected loss or profit from investing in Cogent Communications over a given investment horizon. Check out Cogent Communications Correlation, Cogent Communications Volatility and Cogent Communications Alpha and Beta module to complement your research on Cogent Communications.
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Please note, there is a significant difference between Cogent Communications' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cogent Communications is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cogent Communications' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Cogent Communications 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Cogent Communications' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Cogent Communications.
0.00
12/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/16/2025
0.00
If you would invest  0.00  in Cogent Communications on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Cogent Communications Holdings or generate 0.0% return on investment in Cogent Communications over 90 days. Cogent Communications is related to or competes with Alibaba Health, Cass Information, China DatangRenewable, DISTRICT METALS, Western Copper, TELES Informationstech, and ARDAGH METAL. Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, an... More

Cogent Communications Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Cogent Communications' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Cogent Communications Holdings upside and downside potential and time the market with a certain degree of confidence.

Cogent Communications Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Cogent Communications' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cogent Communications' standard deviation. In reality, there are many statistical measures that can use Cogent Communications historical prices to predict the future Cogent Communications' volatility.
Hype
Prediction
LowEstimatedHigh
59.8462.0064.16
Details
Intrinsic
Valuation
LowRealHigh
53.3555.5168.20
Details

Cogent Communications Backtested Returns

Cogent Communications secures Sharpe Ratio (or Efficiency) of -0.0991, which signifies that the company had a -0.0991 % return per unit of risk over the last 3 months. Cogent Communications Holdings exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cogent Communications' Risk Adjusted Performance of (0.08), standard deviation of 2.06, and Mean Deviation of 1.43 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cogent Communications are expected to decrease at a much lower rate. During the bear market, Cogent Communications is likely to outperform the market. At this point, Cogent Communications has a negative expected return of -0.21%. Please make sure to confirm Cogent Communications' treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Cogent Communications performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.04  

Virtually no predictability

Cogent Communications Holdings has virtually no predictability. Overlapping area represents the amount of predictability between Cogent Communications time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cogent Communications price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Cogent Communications price fluctuation can be explain by its past prices.
Correlation Coefficient0.04
Spearman Rank Test0.29
Residual Average0.0
Price Variance26.06

Cogent Communications lagged returns against current returns

Autocorrelation, which is Cogent Communications stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Cogent Communications' stock expected returns. We can calculate the autocorrelation of Cogent Communications returns to help us make a trade decision. For example, suppose you find that Cogent Communications has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Cogent Communications regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Cogent Communications stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cogent Communications stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cogent Communications stock over time.
   Current vs Lagged Prices   
       Timeline  

Cogent Communications Lagged Returns

When evaluating Cogent Communications' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cogent Communications stock have on its future price. Cogent Communications autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Cogent Communications autocorrelation shows the relationship between Cogent Communications stock current value and its past values and can show if there is a momentum factor associated with investing in Cogent Communications Holdings.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Cogent Stock

Cogent Communications financial ratios help investors to determine whether Cogent Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cogent with respect to the benefits of owning Cogent Communications security.