Cogeco Inc Stock Market Value
| CGO Stock | CAD 60.04 0.06 0.10% |
| Symbol | Cogeco |
Cogeco Inc Price To Book Ratio
Cogeco '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 Cogeco's 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 Cogeco.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Cogeco on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Cogeco Inc or generate 0.0% return on investment in Cogeco over 720 days. Cogeco is related to or competes with Cogeco Communications, Quebecor, Transcontinental, Stella Jones, and IA Financial. Cogeco Inc., through its subsidiaries, operates in the communications and media sectors in Canada and the United States More
Cogeco 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 Cogeco's 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 Cogeco Inc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | 0.0741 | |||
| Maximum Drawdown | 4.81 | |||
| Value At Risk | (1.70) | |||
| Potential Upside | 2.27 |
Cogeco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cogeco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cogeco's standard deviation. In reality, there are many statistical measures that can use Cogeco historical prices to predict the future Cogeco's volatility.| Risk Adjusted Performance | 0.1306 | |||
| Jensen Alpha | 0.1776 | |||
| Total Risk Alpha | 0.0327 | |||
| Sortino Ratio | 0.0804 | |||
| Treynor Ratio | 1.94 |
Cogeco Inc Backtested Returns
As of now, Cogeco Stock is very steady. Cogeco Inc secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Cogeco Inc, which you can use to evaluate the volatility of the firm. Please confirm Cogeco's Downside Deviation of 1.09, mean deviation of 0.9222, and Risk Adjusted Performance of 0.1306 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. Cogeco has a performance score of 9 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.0963, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Cogeco's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cogeco is expected to be smaller as well. Cogeco Inc right now shows a risk of 1.2%. Please confirm Cogeco Inc downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to decide if Cogeco Inc will be following its price patterns.
Auto-correlation | -0.33 |
Poor reverse predictability
Cogeco Inc has poor reverse predictability. Overlapping area represents the amount of predictability between Cogeco time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Cogeco Inc price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Cogeco price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 16.93 |
Cogeco Inc lagged returns against current returns
Autocorrelation, which is Cogeco 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 Cogeco's stock expected returns. We can calculate the autocorrelation of Cogeco returns to help us make a trade decision. For example, suppose you find that Cogeco 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 |
Cogeco 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 Cogeco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cogeco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cogeco stock over time.
Current vs Lagged Prices |
| Timeline |
Cogeco Lagged Returns
When evaluating Cogeco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cogeco stock have on its future price. Cogeco 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, Cogeco autocorrelation shows the relationship between Cogeco stock current value and its past values and can show if there is a momentum factor associated with investing in Cogeco Inc.
Regressed Prices |
| Timeline |
Pair Trading with Cogeco
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cogeco position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cogeco will appreciate offsetting losses from the drop in the long position's value.Moving together with Cogeco Stock
| 0.71 | GOOG | Alphabet CDR | PairCorr |
| 0.85 | NVDA | NVIDIA CDR | PairCorr |
| 0.63 | TSLA | Tesla Inc CDR | PairCorr |
| 0.81 | INTC | INTEL CDR | PairCorr |
Moving against Cogeco Stock
The ability to find closely correlated positions to Cogeco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cogeco 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 Cogeco - 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 Cogeco Inc to buy it.
The correlation of Cogeco 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cogeco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cogeco Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cogeco can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Cogeco Stock
Cogeco financial ratios help investors to determine whether Cogeco 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 Cogeco with respect to the benefits of owning Cogeco security.