Cogeco Inc Stock Market Value
| CGECF Stock | USD 37.80 1.80 4.55% |
| Symbol | Cogeco |
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 pink sheet 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.
| 01/08/2024 |
| 05/07/2024 |
If you would invest 0.00 in Cogeco on January 8, 2024 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 120 days. Cogeco is related to or competes with LifeSpeak, RenoWorks Software, Morningstar Unconstrained, and Via Renewables. 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 pink sheet 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.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 7.36 | |||
| Value At Risk | (4.55) | |||
| Potential Upside | 1.62 |
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 | (0.08) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 1.85 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Cogeco's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Cogeco Inc Backtested Returns
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. Cogeco Inc exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cogeco's Risk Adjusted Performance of (0.08), mean deviation of 0.902, and Standard Deviation of 1.58 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.13, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Cogeco are expected to decrease at a much lower rate. During the bear market, Cogeco is likely to outperform the market. Cogeco Inc has an expected return of -0.17%. Please make sure to confirm Cogeco Inc information ratio, skewness, price action indicator, as well as the relationship between the treynor ratio and rate of daily change , to decide if Cogeco Inc performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.60 |
Good predictability
Cogeco Inc has good predictability. Overlapping area represents the amount of predictability between Cogeco time series from 8th of January 2024 to 8th of March 2024 and 8th of March 2024 to 7th of May 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 0.6 indicates that roughly 60.0% of current Cogeco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 3.43 |
Cogeco Inc lagged returns against current returns
Autocorrelation, which is Cogeco pink sheet'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 pink sheet 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 pink sheet 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 pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cogeco pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cogeco pink sheet 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 pink sheet 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 pink sheet 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 against Cogeco Pink Sheet
| 0.81 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.72 | PGR | Progressive Corp Financial Report 11th of July 2024 | PairCorr |
| 0.7 | XOM | Exxon Mobil Corp Financial Report 26th of July 2024 | PairCorr |
| 0.7 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.7 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
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.Check out Cogeco Correlation, Cogeco Volatility and Cogeco Alpha and Beta module to complement your research on Cogeco. Note that the Cogeco Inc information on this page should be used as a complementary analysis to other Cogeco's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Cogeco Pink Sheet analysis
When running Cogeco's price analysis, check to measure Cogeco's 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 Cogeco is operating at the current time. Most of Cogeco's value examination focuses on studying past and present price action to predict the probability of Cogeco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cogeco's price. Additionally, you may evaluate how the addition of Cogeco to your portfolios can decrease your overall portfolio volatility.
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Cogeco technical pink sheet 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, pink sheet market cycles, or different charting patterns.