Cogent Communications Group Stock Alpha and Beta Analysis

CCOI Stock  USD 65.79  0.86  1.32%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Cogent Communications Group. It also helps investors analyze the systematic and unsystematic risks associated with investing in Cogent Communications over a specified time horizon. Remember, high Cogent Communications' alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to Cogent Communications' market risk premium analysis include:
Beta
0.61
Alpha
(0.24)
Risk
2.04
Sharpe Ratio
(0.10)
Expected Return
(0.21)
Please note that although Cogent Communications alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, Cogent Communications did 0.24  worse than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of Cogent Communications Group stock's relative risk over its benchmark. Cogent Communications has a beta of 0.61  . 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. As of now, Cogent Communications' Price Fair Value is increasing as compared to previous years. The Cogent Communications' current Enterprise Value is estimated to increase to about 5.6 B, while Book Value Per Share is projected to decrease to 12.22.

Enterprise Value

5.58 Billion

Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out Cogent Communications Backtesting, Cogent Communications Valuation, Cogent Communications Correlation, Cogent Communications Hype Analysis, Cogent Communications Volatility, Cogent Communications History and analyze Cogent Communications Performance.

Cogent Communications Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. Cogent Communications market risk premium is the additional return an investor will receive from holding Cogent Communications long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Cogent Communications. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate Cogent Communications' performance over market.
α-0.24   β0.61

Cogent Communications expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of Cogent Communications' Buy-and-hold return. Our buy-and-hold chart shows how Cogent Communications performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

Cogent Communications Market Price Analysis

Market price analysis indicators help investors to evaluate how Cogent Communications stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cogent Communications shares will generate the highest return on investment. By understating and applying Cogent Communications stock market price indicators, traders can identify Cogent Communications position entry and exit signals to maximize returns.

Cogent Communications Return and Market Media

The median price of Cogent Communications for the period between Sun, Jan 28, 2024 and Sat, Apr 27, 2024 is 67.01 with a coefficient of variation of 8.49. The daily time series for the period is distributed with a sample standard deviation of 5.88, arithmetic mean of 69.28, and mean deviation of 5.5. The Stock received a lot of media exposure during the period.
 Price Growth (%)  
       Timeline  
1
Sale by Weingarten Tim of 3200 shares of Cogent Communications
02/23/2024
2
Insights Into Cogent Q4 Wall Street Projections for Key Metrics
02/26/2024
3
Cogent Communications PT Raised to 88.00 at KeyCorp
03/05/2024
4
Disposition of 35000 shares by Schaeffer Dave of Cogent Communications at 67.93 subject to Rule 16b-3
03/11/2024
5
Disposition of 2400 shares by Thaddeus Weed of Cogent Communications at 68.17 subject to Rule 16b-3
03/12/2024
6
Disposition of 30000 shares by Schaeffer Dave of Cogent Communications at 67.52 subject to Rule 16b-3
03/13/2024
7
Insider Sell Cogent Communications Holdings Inc Chairman, CEO, and President Dave ...
03/14/2024
8
Disposition of 26174 shares by Schaeffer Dave of Cogent Communications at 64.21 subject to Rule 16b-3
03/15/2024
9
Disposition of 300 shares by Steven Brooks of Cogent Communications subject to Rule 16b-3
03/22/2024
10
Raymond James Associates Purchases 41104 Shares of Cogent Communications Holdings, Inc. - Defense World
03/28/2024
11
Disposition of 50165 shares by Schaeffer Dave of Cogent Communications subject to Rule 16b-3
04/01/2024
 
Cogent Communications dividend paid on 9th of April 2024
04/09/2024
12
Fifth Third Bancorp Has 154000 Stock Holdings in Cogent Communications Holdings, Inc. - Defense World
04/10/2024
13
Cogent Communications to Host First Quarter 2024 Earnings Call on May 9, 2024
04/18/2024
14
Verizon Communications Q1 Earnings Beat Estimates
04/22/2024
15
Credit Investors Snap Up Bonds Backed by Art Loans, Internet Addresses
04/24/2024
16
Cogent Announces IPv4 Address Securitization Offering
04/25/2024

About Cogent Communications Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including Cogent or other stocks. Alpha measures the amount that position in Cogent Communications has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
 2021 2022 2023 2024 (projected)
Dividend Yield0.04420.06350.05040.0308
Price To Sales Ratio5.764.463.832.89

Cogent Communications Upcoming Company Events

As portrayed in its financial statements, the presentation of Cogent Communications' financial position is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Cogent Communications' leadership is honest, while the outside auditors are strict and uncompromising. Whatever the case, investors should always follow all of Cogent Communications' public filing events to personally review all filings and be reasonable and skeptical to interpret all of the financial statements of Cogent Communications. Please utilize our Beneish M Score to check the likelihood of Cogent Communications' management manipulating its earnings.
22nd of February 2024
Upcoming Quarterly Report
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2nd of May 2024
Next Financial Report
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31st of December 2023
Next Fiscal Quarter End
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22nd of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
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31st of December 2022
Last Financial Announcement
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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:

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When running Cogent Communications' price analysis, check to measure Cogent Communications' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cogent Communications is operating at the current time. Most of Cogent Communications' value examination focuses on studying past and present price action to predict the probability of Cogent Communications' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cogent Communications' price. Additionally, you may evaluate how the addition of Cogent Communications to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of Cogent Communications technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Cogent Communications trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...