Cogent Communications Group Stock Market Value
| CCOI Stock | USD 83.16 0.36 0.43% |
| Symbol | Cogent |
Cogent Communications Price To Book Ratio
Is Diversified Telecommunication Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cogent Communications. If investors know Cogent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cogent Communications listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 228.092 | Dividend Share 3.88 | Earnings Share 0.69 | Revenue Per Share 20.531 | Quarterly Revenue Growth (0.09) |
The market value of Cogent Communications is measured differently than its book value, which is the value of Cogent that is recorded on the company's balance sheet. Investors also form their own opinion of Cogent Communications' value that differs from its market value or its book value, called intrinsic value, which is Cogent Communications' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cogent Communications' market value can be influenced by many factors that don't directly affect Cogent Communications' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in Cogent Communications on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding Cogent Communications Group or generate 0.0% return on investment in Cogent Communications over 360 days. Cogent Communications is related to or competes with Liberty Broadband, Ribbon Communications, Liberty Broadband, Shenandoah Telecommunicatio, and Anterix. 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 Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.0562 | |||
| Maximum Drawdown | 7.76 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 2.94 |
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.| Risk Adjusted Performance | 0.1086 | |||
| Jensen Alpha | 0.1402 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0588 | |||
| Treynor Ratio | 0.349 |
Cogent Communications Backtested Returns
Cogent Communications appears to be very steady, given 3 months investment horizon. Cogent Communications secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Cogent Communications Group, which you can use to evaluate the volatility of the firm. Please makes use of Cogent Communications' Downside Deviation of 1.59, mean deviation of 1.31, and Risk Adjusted Performance of 0.1086 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Cogent Communications holds a performance score of 11. The firm shows a Beta (market volatility) of 0.61, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cogent Communications' returns are expected to increase less than the market. However, during the bear market, the loss of holding Cogent Communications is expected to be smaller as well. Please check Cogent Communications' downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to make a quick decision on whether Cogent Communications' price patterns will revert.
Auto-correlation | -0.57 |
Good reverse predictability
Cogent Communications Group has good reverse predictability. Overlapping area represents the amount of predictability between Cogent Communications time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th of November 2024. 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 -0.57 indicates that roughly 57.0% of current Cogent Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 99.59 |
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 |
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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 |
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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 Group.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether Cogent Communications offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cogent Communications' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cogent Communications Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cogent Communications Group Stock:Check out Cogent Communications Correlation, Cogent Communications Volatility and Cogent Communications Alpha and Beta module to complement your research on Cogent Communications. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Cogent Communications technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.