Which stocks are most correlated with CCOI?

Based on one year of daily returns, the stocks most correlated with Cogent Communications Holdings, Inc. (CCOI) are RGR (0.44), PRKS (0.41) and JBI (0.40). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CCOI?

Over the past year, the stocks most inversely correlated with Cogent Communications Holdings, Inc. (CCOI) are TZA (-0.31), TWM (-0.31) and RWM (-0.31). A negative correlation means the two stocks have tended to move in opposite directions.

Cogent Communications Holdings, Inc. (CCOI) — Stock Correlations & Overview

Over the past year, CCOI has moved most closely with RGR, PRKS, JBI. Explore the stocks most correlated and inversely correlated with CCOI below, along with its price, financials, and company profile.

Stocks correlated with CCOI

Correlation of daily returns. Higher positive values move with CCOI; negative values move opposite it. Informational only, not investment advice.

Most correlated with CCOI

Symbol	Company	Correlation
RGR	Sturm, Ruger & Company, Inc.ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES)	0.44
PRKS	United Parks & Resorts Inc.SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION	0.41
JBI	Janus International Group, Inc.METAL DOORS, SASH, FRAMES, MOLDINGS & TRIM	0.40
AMSC	American Superconductor CorpMOTORS & GENERATORS	0.39
PRTH	Priority Technology Holdings, Inc.SERVICES-BUSINESS SERVICES, NEC	0.39

Most inversely correlated with CCOI

Symbol	Company	Correlation
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.31
TWM	ProShares UltraShort Russell2000	-0.31
RWM	ProShares Short Russell2000	-0.31
SRTY	ProShares UltraPro Short Russell2000	-0.31
SKK	SKK Holdings Limited Class A Ordinary Shares	-0.31

Frequently asked questions about CCOI correlations

Which stocks are most correlated with CCOI?: Based on one year of daily returns, the stocks most correlated with Cogent Communications Holdings, Inc. (CCOI) are RGR (0.44), PRKS (0.41) and JBI (0.40). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CCOI?: Over the past year, the stocks most inversely correlated with Cogent Communications Holdings, Inc. (CCOI) are TZA (-0.31), TWM (-0.31) and RWM (-0.31). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CCOI correlations calculated?: We compute the correlation of daily returns between CCOI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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