Cogent Communications (Germany) Market Value
| OGM1 Stock | EUR 76.50 3.00 3.77% |
| Symbol | Cogent |
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.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Cogent Communications on December 3, 2022 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 720 days. Cogent Communications is related to or competes with T Mobile, ATT, Deutsche Telekom, and Nippon Telegraph. 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.
| Downside Deviation | 1.67 | |||
| Information Ratio | 0.0857 | |||
| Maximum Drawdown | 10.61 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 3.2 |
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 | 0.1142 | |||
| Jensen Alpha | 0.2721 | |||
| Total Risk Alpha | 0.0122 | |||
| Sortino Ratio | 0.1003 | |||
| Treynor Ratio | (5.23) |
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 twenty-nine technical indicators for Cogent Communications Holdings, which you can use to evaluate the volatility of the firm. Please makes use of Cogent Communications' Risk Adjusted Performance of 0.1142, mean deviation of 1.53, and Downside Deviation of 1.67 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 -0.0511, 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. Please check Cogent Communications' jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Cogent Communications' price patterns will revert.
Auto-correlation | 0.28 |
Poor predictability
Cogent Communications Holdings has poor predictability. Overlapping area represents the amount of predictability between Cogent Communications 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 Cogent Communications price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Cogent Communications price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 59.15 |
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 |
| 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 |
Currently Active Assets on Macroaxis
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.